All the multifamily news you need
Apartment communities have become very creative when it comes to keeping their current residents. Soft renewal-rate increases, promises of more resident events, the implementation of cutting-edge smart home features, property upgrades, and flexible lease terms are among the items offered.
The prospect journey has morphed, contorted, and then changed even more over the past decade. It has shifted pronouncedly even when just considering the past few years. Odds are the journey will shift even further within another five years.
It would be fair to surmise that most operators will elect to automate their renewal processes within the next five years. It is still a new concept in the industry, however, and many properties remain stuck using the cumbersome manual process that often leaves both residents and onsite…
In this interview, Lebenhart discusses Ashcroft’s investment philosophy, its growth in the metro Atlanta market, its recent expansion into North Carolina and the company’s plans for 2023. He also provides his insight and analysis into how the apartment market as a whole will perform in the year ahead.
As the saying goes, “You never get a second chance to make a first impression.” Nicole Zdeb, Vice President of People Support at Birchstone Residential, discusses onboarding and new hires as well as the importance of having processes in place to ensure a new employee’s success.
MFE recently got a chance to discuss the pace of investment sales with Frank Roessler, founder and CEO of Ashcroft Capital. In recent years, Ashcroft has been an active player in the transaction market, building a portfolio of 13,000 units in Florida, Georgia, North Carolina, and Texas.
One of the biggest issues facing multifamily has many different names. While “The Great Resignation" and “Quiet Quitting” may make for great headlines, these labels take away from the complexity and nuance of the issue — the gaps in the employee experience are affecting drive, performance and retention.
The top storylines in multifamily this week are assistance animals, corporate wellness, hotel-style amenities, development technology, proptech, online reviews, homeownership drops, mental health construction and why the future of multifamily is in good hands.