All the multifamily news you need
The biggest multifamily storylines this week: allowing renters to pay more flexibly, cultivating culture, welcoming more pets for business reasons, status of emergency rental assistance, multifamily investment volume in the south and Twitter's acquisition of Quill.
Mill Creek Residential today announced the launch of Amavi by Mill Creek, the company's single-family, build-to-rent brand. Amavi communities will feature detached, townhome and cottage-style single-family rentals in markets nationwide.
Culture is the single-most important element in the success of a company. Organizational leaders might have to go about their culture-building initiatives differently in each case, but the prospective benefits can propel the company to its true potential and perhaps beyond.
The multifamily storylines that matter: Flexible rent payment taking center stage, a record year for adaptive reuse, self-guided tours changing for single-family, the abundance of capital for multifamily, the next phase of the amenity wars and rent growth continues.
For decades, pet processes were something of an afterthought within the policies governing rental housing communities. They weren’t regarded as much of a competitive differentiator, so they were often relegated to the auxiliary portion of the rental agreement.
The stories headlining multifamily news this week: the impact of nontraditional data points, requiring residents to be vaccinated, the evolution of single-family rental self-guided tours, higher wood prices to continue through 2022, student housing strength despite pandemic and industry leaders being proactive as eviction moratorium ends.
The single-family rental business could learn a lot from a former McDonald’s executive when it comes to customer service, standardized operational consistency and leveraging an abundance of customer data. Progress Residential hired Harish Ramalingam in April as its COO.
This week's top multifamily storylines: motivating today's property management associates, creating value in today's value-add properties, the pet amenities residents want, thriving single-family rentals, full-service experiences and the overheating apartment markets.