The top storylines in multifamily this week are driving ancillary revenue, the biggest mistakes on community websites, better leasing through centralization and technology, consumer preferences and amenities, boomerang millennials and Gen Zers staying at home and the single-family rental experience.
Prospective renter preferences and expectations vary significantly, as do renter profiles, between the multifamily and single-family space. Operators must market and manage accordingly for optimal property performance, so it is essential to define and distinguish the demographics for each group.
Together, the Real Floors and Arbor families will have more than 700 employees in 12 states with 28 locations serving over 50 markets. Real Floors is positioned to best tackle growing demand, supply chain issues, and other challenges, while continuing to be the most trusted partner in multifamily flooring installation.
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced it has broken ground on Amavi Sherrills Ford, a master-planned community approximately 35 miles north of Charlotte.
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.
An increasing number of multifamily owners and operators are looking to expand in build-to-rent single-family housing because the single-family asset class is on track to outperform other real estate sectors over the next decade. Suburban Sun Belt markets, specifically, present the most overlap.
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.
It’s easy to forget that self-guided tours long been an important part of the professionally managed single-family rental space. Single-family operators have been leaving keys in drop boxes for residents to independently peruse homes for several years.
Among the top storylines in multifamily this week: NMHC Annual Meeting proves to be a new beginning, the top considerations when selecting an access control system, the vast benefits of building a strengths-based multifamily organization, a report says multifamily and single-family rentals will continue to thrive, Boomers are retiring to more places than the Sun Belt and multifamily’s embrace of QR codes.