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Environmental, social, and governance (ESG) can be challenging for multifamily. Solar retrofits can take years. Water-efficiency upgrades require capital. Emissions reporting requires new software. However, there’s one ESG lever sitting outside every unit door and around the community. It’s trash.
The top storylines in multifamily this week are package delivery and theft, choosing a building name, compliance and live-in aides, the "social" of ESG, top ORM musts, how to approach SEO, office conversions rise in NYC, 33 million properties threatened by hurricanes and investment decline in multifamily.
The top storylines in multifamily this week are ways to excel at ESG, slowing rent growth and concessions, unconventional solutions to student housing crunch, robust tours, automation trends, AI and fraud detection, FCC and broadband, the top markets and religious-owned land helps the housing crisis.
A company’s ESG metrics are becoming increasingly important to investors, residents, stakeholders and the public at large. An organization does not want to be viewed as one that doesn’t engage in environmentally friendly practices or is tone-deaf to social issues.
The rise of environmental, social and governance (ESG) factors has accelerated in the worlds of finance, politics and the multifamily housing industry. It has accumulated new designations and labels along the way including green finance, social impact investing and mission-driven finance.
The top storylines in multifamily this week are retaining residents through choice, ESG, emergency response for residents, centralization, data-based decisions, tech for reducing burnout and turnover, operational efficiency challenges, Q4 deals and economists distort the record on rent control.
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 ESG reporting, pet-centric amenities, combatting rent growth loss with revenue recovery, pet tech, selecting proptech, ChatGPT and real estate, the dying American Dream, popular amenities and government lending.