Budget Season

Multifamily's top storylines this week are CAPREIT acquires Broadway West, homeless housing, NJ mulls algorithmic pricing ban, better budgeting, using data to explain costs to residents, defining America's renters, renter trust recession, AI in student housing and how AI is impacting marketing.

This year, budget planning could have been particularly painful. Thanks to the pandemic, property managers have seen revenues decline while simultaneously incurring unanticipated expenses. Generally speaking, 2020 has done a number on most companies’ financials.