Pets

To attract and retain pet lovers, forward-thinking operators are taking a wide-ranging approach that includes the elimination of breed and weight restrictions, the installation of onsite pet amenities and the support of animal organizations in the community.

The top storylines in multifamily this week are raising the bar on apartment searches, development in historic neighborhoods, pet-friendly vs. pet-inclusive, college-town apartments flourish, helping minority developers scale up and increased interest in active-adult communities.

The top storylines in multifamily this week are revenue recovery, pet waste, vacancy rates, FCC broadband rule, community connectivity and ESG frameworks.

The top storylines in multifamily this week are eviction processes, resident retention, pets, rent growth, preventative maintenance and co-living.

Call it the hidden variable of an apartment community’s pet population—visiting pets. While community teams have steadily gravitated toward crafting pet policies more reflective of the modern resident, these policies oftentimes omit this crucial component.

Apartment residents, like people everywhere, are absolutely crazy about their pets. Although it may sound cliché, renters feel like their dogs and cats truly are members of their families. The bond between owner and pet is unmistakable.

There are many benefits to multifamily communities being pet-friendly, including happier residents, an improved reputation and more homes available for pets that don’t have one. But the residual effects don’t stop there. Another major benefit is that it widens the pool of prospective residents.

Among the top storylines in multifamily housing this week: reevaluating the contactless community hype, reassessing data-sharing processes, the benefits of eliminating breed restrictions, middle-income housing opportunities, apartment investors mulling distressed mall opportunity and apartment values on the rebound.