Operations: Page 2
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REIT Report
AVB beats estimates, raises guidance
Strong occupancy and low move-outs to buy homes gave the REIT pricing power into spring leasing season.
By Leslie Shaver • May 6, 2024 -
Q&A
Carleton Management Services’ new CEO sees a path for midsize firms
As operators go through a period of consolidation, Tasha Krawiec says some owners prefer smaller firms.
By Leslie Shaver • May 6, 2024 -
Trendline
Artificial Intelligence
Dtmliving breaks down the pros and cons of this nascent technology for apartment owners, operators and managers.
By Dtmliving staff -
HUD raises max deductibles for wind and named storm coverage
The updates are intended to reduce costs for owners and provide more flexibility in negotiations with insurance providers.
By Mary Salmonsen • May 6, 2024 -
REIT Report
EQR continues trend of record-low turnover
The REIT’s expenses rose only 1.3% thanks to lower maintenance and utility costs.
By Leslie Shaver • May 1, 2024 -
Q&A
‘Synthetic’ fraud is on the rise. Are you prepared?
Criminals are using identities composed of a mix of real and fake information to get past traditional detection methods, according to a new report.
By Mary Salmonsen • April 30, 2024 -
New Freddie Mac policies address underwriting, fraud detection
New or inexperienced multifamily borrowers will now need additional due diligence.
By Mary Salmonsen • April 29, 2024 -
Q&A
Greystar eyes build-to-rent expansion
The multifamily giant has 4,500 BTR homes in development and 2,000 more in the planning stages.
By Mary Salmonsen • April 26, 2024 -
The multifamily markets where expenses are rising the fastest
While total operating cost growth has slowed somewhat, insurance premiums are increasing, especially in disaster-prone areas.
By Mary Salmonsen • April 16, 2024 -
MEB Management Services merges with Weller
The combined company, Bryten Real Estate Partners, will operate nearly 47,000 units across the U.S.
By Leslie Shaver • April 16, 2024 -
Q&A
Upcoming 325-unit property spotlights artistry in Huntsville, Alabama
Bordering two historic districts, Stella at Five Points is positioned to take advantage of a changing market.
By Mary Salmonsen • April 12, 2024 -
Q&A
Hillpointe rises to the top
The firm’s fully integrated approach provides a unique competitive advantage, according to co-founder Steven Campisi.
By Jennifer Goodman • April 11, 2024 -
DEALS + STARTS
RPM Living pays $85M for Atlanta-area asset
The Austin, Texas-based firm bought the 407-unit apartment complex from Willow Bridge Property Co.
By Leslie Shaver • April 11, 2024 -
Opinion
Survey says operators should focus on community over frills
More than luxurious amenities, renters want to be treated with a welcoming attitude by staff and other tenants, according to a new NMHC report.
By Sarah Yaussi • April 9, 2024 -
Rising rental fraud comes at a cost for property managers
Falsified applications have reduced income or increased expenses by at least 10% for most operators, according to a new report.
By Mary Salmonsen • April 9, 2024 -
Greystar takes the top spot on owners’, managers’ and developers’ lists
Asset Living and RPM Living are No. 2 and No. 3 respectively on the managers’ list, while MAA and Morgan Properties hold the same spots on the owners’ list.
By Leslie Shaver • April 8, 2024 -
Maryland Supreme Court rules against Kushner Cos.
The lawsuit alleges Kushner-owned Westminster Management charged fees above the state’s legal limit.
By Mary Salmonsen • April 2, 2024 -
DEALS + STARTS
Chicago deal fetches a near-decade high price for its submarket
Icarus Investment Group snagged Madison Terrace in the Garfield Park neighborhood for $11 million.
By Leslie Shaver • March 28, 2024 -
DEALS + STARTS
Centerspace sells 2 properties for $19M total
Last year, the REIT jettisoned 13 communities for $226.8 million as it focused on repaying debt.
By Leslie Shaver • March 21, 2024 -
Properties serve up creative food, beverage offerings
Concepts include drinks on tap, grab-and-go markets and bar spaces open to the public.
By Mary Salmonsen • Updated March 21, 2024 -
Brooklyn properties transferred to servicing
Three of Conway Capital’s New York City properties are delinquent despite strong occupancy.
By Leslie Shaver • March 19, 2024 -
Q&A
Student housing firm sets sights on Power Five conference schools
Champion Real Estate avoids the amenity wars by purchasing and renovating older properties.
By Leslie Shaver • March 15, 2024 -
Q&A
How operators can use big data
A framework for analyzing disparate data sets can help providers notice and take advantage of patterns, according to a tech consultant.
By Mary Salmonsen • March 14, 2024 -
REITs see hurdles for new acquisitions
With asking cap rates still around 5% in many markets, most executives think sellers need to adjust prices.
By Leslie Shaver • March 13, 2024 -
EXECUTIVE MOVES
Capital Square names Jay Olander as president and CFO
A 40-year real estate veteran, Olander will also serve as CFO and treasurer of Capital Square’s REIT.
By Mary Salmonsen • March 13, 2024 -
PROJECT SPOTLIGHT
Hoboken Point caters to NYC-area ‘hybrid’ professionals
The Weehawken, New Jersey, property that will be managed by Greystar includes a 5,200-square-foot coworking center.
By Mary Salmonsen • March 12, 2024