The year 2020 brought multifamily a battery of operational and leasing challenges. But as the saying goes, necessity is the mother of invention, and operators showed impressive resilience by embracing emerging technologies and adopting new procedures and processes.
Many apartment operators have chosen to pause renewal increases, waive a number of fees to current residents, and have not pushed rent growth as aggressively as they would have done under normal conditions. This has significantly impacted planned budgetary and revenue goals.
The multifamily industry universally espouses support for diversity and inclusion in its workforce, but that effort is often not reflected within the leadership teams of real estate organizations. So, how do companies create a plan and a path to improve representation across all levels?
The multifamily industry’s operations teams are some of the most diverse workforces in the U.S. However, it’s readily apparent at the higher C-Suite and executive leadership positions that the industry’s hierarchy predominantly consists of one demographic.
The key to a successful case study is that it focuses more on the user’s success and less about the technology they used. Successful case studies are conducted in a problem, solution, results format in which the case study clearly outlines the problems faced.
Vantage Management, announced it has taken over management responsibilities of Timberlawn Crescent apartment community in North Bethesda, Md. Timberlawn Crescent features both market rate and affordable housing homes among its 107 apartments and townhomes.
Datasets are crucial to define growth. Data integrity has always been something of a challenge in the apartment world. The time for comprehensive data is now. With traffic patterns hectically evolving during the pandemic and prospects veering toward digital-based leasing solutions, precise data is crucial.