It is no surprise that when the market slows down, multifamily operators typically compensate with cost-cutting measures to bolster their margins. While cutting back and finding efficiencies can help companies stay profitable, the belt tightening may ultimately hurt owners both in the short and long run.
Trilogy Real Estate Group, a Chicago-based real estate investment, property management and development firm, today announced the opening of The Bohen, a mid-rise apartment community in Minneapolis’s resurging Uptown neighborhood.
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Modera Falls Church, a contemporary apartment community in the heart of the City of Falls Church.
Sentral, the leading full-service residential hospitality company, today announced that five Sentral communities were recognized in the 2022 Elite 1% ORA Power Rankings. The J Turner Research List measured 132,000 multifamily communities based on review site feedback and ILS data.
There are a lot of pet-owning renters: 70% of U.S. households owned a pet in 2022, according to the Insurance Information Institute. On top of that, residents in pet-friendly housing stay 21% longer than those in non-pet-friendly housing, based on the Pet-Inclusive Housing Report.
With the exception of a visit to the community website, prospective residents can remain invisible to the community while they conduct their research and evaluation of any given property. That makes the requirement of being digitally sharp and transparent that much more important.
The top storylines in multifamily this week are application fraud, strengths-based culture, property marketing, tech implementation, proptech, tech stress, affordable housing, little distress for multifamily in 2023 and multifamily development outpaces single-family.
Tech solutions meant to ease the day-to-day operations of a community and enhance the resident experience need to not only be effective and easy to use, but they should also be implemented in a speedy fashion and seamlessly integrated.
Xeal today announced an agreement with Hunt Companies, Inc. to install 19 Level-2 chargers at the Daniel Kahikina Akaka Department of Veterans Affairs Community-Based Outpatient Clinic in Kalaeloa, Oahu, Hawaii. Xeal’s installation of the chargers is expected to be completed in Q2 2023.
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has become a member of the Urban Land Institute’s (ULI) Greenprint Center for Building Performance.