During the summer, sellers were, at last, beginning to “meet the market” in terms of transaction prices. With sellers no longer captive to the false pretense that pricing would make a quick U-turn and strengthen by the end of 2023, the pace of investment sales, anecdotally at least, appeared to be picking up.
The top storylines in multifamily this week are faster renewal decisions, pest control, empathy-driven design, social media metrics, scalability in package management, Kansas City’s tech boom and housing, cities building the most apartments, Gen Z and millennial preferences and apartment growth in 2024.
The top storylines in multifamily this week are attracting pet owners, value-add rehabs, branding apartments by property class, connectivity infrastructure, reimagining resident retention, the EV surge, Impact Hero Award winners, record apartment demand, and the affordability crisis deepens.
After a sedate start to the year, mergers and acquisitions in the multifamily industry are again gaining significant interest, according to a panel of analysts and executives at the Blueprint Conference in Las Vegas. M&As had dropped off by nearly 70% in the last year.
Today’s owners/operators face a choice: either embrace sustainability now and be well prepared for upcoming changes or delay and struggle to catch up later. Ignoring ESG will become increasingly difficult as demands begin to arrive from multiple sides.
The top storylines in multifamily this week are renters driving innovation, co-living and the affect on housing, tips for hiring the right people, pet technology, package management, bicycle amenities, the multifamily construction pipeline, distress in the CRE market and the revival of small multifamily homes.
The top storylines in multifamily this week are pet inclusiveness, optimizing your waste programs, location and apartment branding, AI and property management, urban tech, parking problems, the current state of CRE, fall maintenance checklist and slowing rent growth.
The top storylines in multifamily this week are redefining automation, Apartmentalize, the strength of senior housing, training maintenance techs, using social media for recruitment, AI usage in operations, coastal area communities, Insurance rates skyrocket and overcoming economic obstacles.
The top storylines in multifamily this week are renewal automation, investing in the future, wellness in building design, the evolution of the prospect journey, sight maps and self-guided tours, proptech, leasing power shifts to residents, rent control and the Fed holds on interest rate hike.
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.