All the multifamily news you need
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.
Buy an apartment community in need of upgrading, perform the needed renovations, boost rents accordingly and drive impressive returns. But just because apartment companies frequently undertake value-add projects, it doesn't mean success in these endeavors is easy.
Headlining this week's multifamily news: PIHI report says operators and residents win with pet friendly policies, financial amenities that benefit everyone, making evictions a corporate task, apartment completions reach a 20-year high, investors seek build-to-rent opportunities, and the growing role of life insurance companies in multifamily.
Like any industry, residential building operators saw their entire work lives change in a matter of weeks at the onset of the pandemic. There were obstacles aplenty. Managers had to adjust to working with smaller property management teams—or in some cases, with teams almost exclusively offsite.
This week's top multifamily stories: overlooked pain points of work from home for apartment residents, the year of innovation for multifamily, supplier partners with operations backgrounds, the pending decline of apartment construction in 2021, and why multifamily investors are targeting smaller metros.
The stories of the week: hidden budget items that put you in the red, helping associates grow before they quit, secure package management and resident satisfaction, CRE's stimulus wish, recession-resilient Class B multifamily and apartment home size increases in pandemic.
This week's top storylines: printers are becoming a hot amenity, mixed results from NMHC quarterly market survey, smart home making life easier for operators and residents, investors 1031 exchanging in Sun Belt, the possible economic boom in 2021, and the uptick in home ownership that is not worrisome…
Among this week's top multifamily headlines: the evolution of multifamily performance metrics, developer pivots in 2021, saying goodbye to pet size restrictions, the growing single-family rental land bubble, suburban strength in 2021, and construction material price rebound.