With a greater number of residents working from home, there is increasing demand for high-speed internet and community-wide WiFi. High-speed internet and community WiFi is very important to residents and it powers other highly desired amenities.
Call it the hidden variable of an apartment community’s pet population—visiting pets. While community teams have steadily gravitated toward crafting pet policies more reflective of the modern resident, these policies oftentimes omit this crucial component.
Ashcroft Capital, a fully integrated multifamily investment firm, today announced the acquisition of Halston Four Corners (formerly Landings at Four Corners) and Halston World Gateway (formerly Palms at World Gateway), two Orlando-area apartment communities featuring a combined 522 homes.
A new era of apartment leasing and living is upon us. From self-service leasing and smart home technology to the industry-wide adoption of PropTech, technology is empowering residents, onsite teams and operators alike while creating operational efficiencies.
The rent-to-income ratio, one of the primary underwriting measures of a renter’s ability to succeed in a home, is being challenged. Renters’ income is dynamic and volatile. As a renter’s income evolves, so must our tools that enable property managers to best empower renters to succeed in the home.
A top-notch investor relations program is critical when foraying into multifamily investments. Unfortunately, it’s not completely unheard of for some multifamily firms to treat their investors as if they are fortunate to simply be along for the ride.
An increasing number of multifamily owners and operators are looking to expand in build-to-rent single-family housing because the single-family asset class is on track to outperform other real estate sectors over the next decade. Suburban Sun Belt markets, specifically, present the most overlap.
The stories headlining multifamily news this week: the impact of nontraditional data points, requiring residents to be vaccinated, the evolution of single-family rental self-guided tours, higher wood prices to continue through 2022, student housing strength despite pandemic and industry leaders being proactive as eviction moratorium ends.
The single-family rental business could learn a lot from a former McDonald’s executive when it comes to customer service, standardized operational consistency and leveraging an abundance of customer data. Progress Residential hired Harish Ramalingam in April as its COO.
Redwood Capital Group (Redwood), a vertically integrated multifamily investment manager, today announced it has acquired Brook Run, a 182-unit apartment community in Arlington Heights, Ill., and Wilder, a 381-unit apartment community in Austin, Texas.