All the multifamily news you need
Rising interest rates, the increased cost of capital and the gap between buyers’ and sellers’ expectations have stalled multifamily transactions. In the third quarter, multifamily investment sales totaled $30.1 billion, representing a nearly 62% decrease from the same period in 2022.
Operators are beginning to shift their focus to financial wellness initiatives, including reward programs, to enhance residents’ lifestyles and help them develop the groundwork that leads to an unparalleled experience. These contemporary strategies are completely reshaping the multifamily landscape.
According to a recent survey by apartment operator Cortland, pet policies are the number one consideration for dog owners seeking an apartment. Pet policies, which include pet fees and restrictions related to weight and breeds, were cited by 86% of respondents.