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In Lafayette, La., the 116-unit property Highlands of Grand Pointe went on the market before the Deepwater Horizon blew and oil began spilling into the Gulf Coast . By the time the property traded in July, the first buyer had dropped out and a second buyer paid 10 percent less for it.
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Market fundamentals don't support the recovery that's been seen in the first half of the year. What's going on?
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Some of the biggest names in the apartment industry reported significant improvement in their occupancies in rents in the first half of 2010. And in April, May, and June, things have gotten even better. But the growth isn't being driven by job growth. A new phenomenon of unbundling looks to be...
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As the rental markets turns in many areas of the country, some small markets actually look ripe for new development. In search for that, we contacted New York-based Reis. The firm culled its apartment sector database for metros that have experienced low supply growth relative to the metros’...
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As the apartment recovery takes shape, market watchers have pretty much agreed on a term to describe the way things are progressing so far—surprise.
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Though many owners around the country have seen resident retention rates increase sharply over the past year, there isn’t a single reason as to why. Instead, there are a number of contributing factors, according to property managers and industry observers. Here’s a look at three key drivers of...
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In late 2008, as the economy was quickly turning sour, the battle cry throughout the apartment business was to “keep heads in beds” at all costs. Now, a year-and-a-half later, it looks as though the industry was successful in doing just that.
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Last week, David Neithercut, CEO of Chicago-based Equity Residential, took time to talk to Multifamily Executive senior editor Les Shaver about the company’s deal flow and what he sees in the marketplace. In the second part of that interview, he discusses what Equity is seeing operationally around...
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In times like these, some apartment developers tout their sparkling-new amenities to stabilize new buildings. Others rely on high-tech fitness rooms and amenity packages to put heads in beds. Still others trumpet their urban lifestyle and proximity to nightlife. Atlanta-based Gables Residential...
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This week, San Francisco-based multifamily ILS MyNewPlace.com launched RentEngine, an integrated listing tool and syndication service offering systematic listing, posting, tracking, and reporting capabilities. In conjunction with the launch, MyNewPlace.com CEO John Helm sat down with Multifamily...