This week’s top storylines in multifamily: trends in post-pandemic rental housing, consumer demand for environmentally conscious designs, the nuances of assistance animals in rental housing revealed, smart rent goes public in $2.2 billion merger, developers struggling with lumber prices and an increase in demand for multifamily professionals.
Assistance Animals in Rental Housing
Assistance animals qualify as one of the more complicated topics in rental housing. Operators constantly wrestle with the distinctions between service and support animals, what qualifies as legitimate documentation and how to most efficiently manage their verification processes.
SmartRent To Go Public in $2.2 Billion Merger with Fifth Wall Acquisition
SmartRent has more residential units installed and states served than all of its competitors combined. In addition, SmartRent intends to leverage Fifth Wall’s investor base of international real estate owners as the company expands into Western Europe, Japan, Southeast Asia, and more.
Ashcroft Capital Enters Atlanta with Acquisition of Halston Riverside
Ashcroft Capital, a fully integrated multifamily investment firm, today announced its acquisition of Halston Riverside, a garden-style apartment community in the Atlanta suburb of Lawrenceville. Birchstone Residential, Ashcroft Capital’s in-house property management company, has assumed management of the community.
Mill Creek Announces Construction Underway at Modera Six Pines
Mill Creek Residential, a leading developer and operator specializing in premier rental communities across the U.S., today announced construction is underway at Modera Six Pines, a mixed-use apartment community in The Woodlands, a charming neighborhood 27 miles north of Houston.
Industry Trends Report | Week of April 19
The most important multifamily headlines of the week: short-term rentals are here to stay, how to attract and convert prospects with your property website, the power of ‘and’ for multifamily operators, developers are struggling to build garden-style communities, keeping expenses in check in an uncertain market and making a statement on DE&I.
Baseline Growth Capital and Engrain Announce Financing Partnership
Baseline Growth Capital and Engrain today announced the launch of an integrated Software and Hardware as a Service solution that provides touchscreen, interactive mapping and self-guided touring products to allow for safe, socially distanced touring of apartment communities.
LMC No. 8 on NMHC’s Top 50 Developers List
LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, today announced it has been recognized as the eighth-largest developer of multifamily housing, according to the National Multifamily Housing Council’s 2021 Top 50 Developers list.
Fetch Surpasses 5M Package Mark
The off-site package management solution for apartment communities, Fetch, has surpassed the 5 million mark in direct-to-door package deliveries nationwide. The milestone illustrates not only Fetch’s exponential growth, but also the continuation of e-commerce’s influence.
The Power of “And”
By this I mean operators too often think of implementing solutions as an either/or scenario: should we offer guided tours or self-guided tours? Should we have prospects interact with chatbots or leasing agents over the phone? The answer in these situations is almost always “both.”