INDUSTRY NEWS
Mill Creek Announces Start of Preleasing at Modera Reserve
by Paul Willis
Mill Creek Residential announced the beginning of preleasing at Modera Reserve, a boutique apartment community located in North Scottsdale’s Kierland neighborhood. The community includes 181 spacious homes, featuring one-, two- and three-bedroom layouts, with options for dens, lofts and penthouses averaging 1,233 square feet. Residents will benefit from upscale amenities such as a rooftop lounge, a resort-style pool with private cabanas, a hotel-inspired lobby and a modern fitness center equipped with a sauna and spa.
Read the article in The Multifamily Journal
Historic Building Cycle Winds Down After Record Deliveries
by Kristen Smithberg
The U.S. apartment construction boom is winding down. In the 12 months ending Q1 2025, over 576,700 new units were completed, just shy of the 2024 record of 585,200 units. This decline suggests multifamily development may have peaked. With tighter capital markets and softening rent growth, future deliveries are expected to be more moderate.
‘No Room For Fraud’: Fannie Mae Fires More Than 100
by Matt Wasielewski
It’s springtime, not winter, when problems caused by cold weather make their appearance. Detailed checklists can assist teams in systematically assessing their properties for damage to building exteriors, landscaping, HVAC systems and more. This will help ensure that all potential issues are addressed promptly.
THOUGHT LEADERSHIP
Renters Are Happy with Their Rentals. Why Isn’t the Public?
by Sharon Wilson Géno
Despite negative media depictions, most renters are happy with their homes. The 2024 NHMC/Grace Hill Renter Preferences Survey of over 172,000 renters found that 85% enjoy their communities, 86% feel included and 85% believe staff treat them with respect. A Whose Your Landlord survey revealed 71% felt positively about their housing provider, with 83% planning to renew leases. Negative narratives can lead to policies like rent control, which can increase costs and limit housing providers’ ability to assist residents.
Creativity and Design: How Experts Are Inspired
by Barbara Ballinger
Demographics, historical context and diverse natural landscapes frequently inspire creativity in designing multifamily and student housing developments. By leveraging these valuable tools along with their extensive experience, designers can create unique, beautiful, community-focused homes that positively benefit both the community and its inhabitants.
Why Traditional Background Checks Are No Longer Enough
by Tiffany De Alva
In today’s rental market, traditional background checks are often inadequate for ensuring resident reliability and property safety. These methods fail to assess financial stability and may not reveal recent fraudulent activities. Property managers should adopt advanced screening techniques that use real-time financial data and behavioral analytics.
MULTIFAMILY TECHNOLOGY
Industry Leaders Reveal Strategies Shaping the Future of Proptech
by Christine Serlin
Transformative technologies are shaping the multifamily industry’s future. Owners and operators must ensure their tech stacks are future-proof and embrace the integration of artificial intelligence (AI), smart home technologies, data analytics and robust cybersecurity measures. Moreover, centralization efforts and the potential of new technologies can greatly enhance operational efficiency while improving resident experiences.
Read the article in Multifamily Executive
8 Creative Ways to Work with Multifamily Influencers
by Adina Rogoz
By collaborating with influencers in relocation, urban living or home décor, owners and operators can more authentically present their communities to potential renters. Methods for achieving this include resident ambassador programs, local micro-influencer collaborations, virtual apartment showcases and exclusive influencer events.
Turning to Tech Amid Labor Shortages, Aging Workforce
by Franco Faraudo
Facing labor shortages and an aging workforce, the property industry is adopting advanced technologies. Tools like digital twins and predictive maintenance systems streamline facility management and lessen manual labor reliance. These solutions tackle workforce challenges by optimizing operations and improving services.