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    Courtesy of Torus
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    PRODUCTS

    October 2024 roundup: New multifamily products

    This month’s offerings bring the living experience into focus with a new resident services app, smart door locks, renewable energy storage and more.

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    Permission granted by Zain Ventures
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    Thought Leaders: October 2024

    Executives from Cortland, Roundhouse, Astor Cos. and more talk about their latest challenges and successes.

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    simonkr via Getty Images
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    Philadelphia joins San Fran, bans revenue management software

    San Francisco's ban is in effect, while Philadelphia's is awaiting the mayor's signature.

    Updated Oct. 29, 2024
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    Permission granted by Ray
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    The largest multifamily starts of September 2024

    Starting at $150 million, these three major developments are underway in Nashville, Phoenix and Jersey City.

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    Permission granted by Seneca
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    PROJECT SPOTLIGHT

    High-end Las Vegas home builder makes build-to-rent debut

    The Seneca at Southern Highlands is complete with 60% of its 50 units leased.

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    elxeneize via Getty Images
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    MSCI: Apartment sales volume increases for second consecutive quarter

    Prices fell 6.3% year over year in Q3, but the pace of decline is moderating.

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    Permission granted by Lion Real Estate Group
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    DEALS + STARTS

    Lion Real Estate Group nabs off-market deal in Houston

    The investment firm saw an opportunity to secure a 25-year-old property at a good yield.

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    Permission granted by Resia
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    Resia sells, retains management of Florida property

    Kayne Anderson Real Estate bought Resia Old Cutler from the Miami-based firm using Fannie Mae debt.

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    Onurdongel via Getty Images
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    Opinion

    Which type of EV charging is right for your property?

    A few simple questions can help owners and operators decide which system to install, writes a former Tesla engineer.

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    The image by Lomofan77 is licensed under CC BY-SA 4.0
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    Historic Philadelphia building goes into servicing

    The Brush Factory Lofts, which sits in a neighborhood where rents are falling, saw its loan hit 90 days’ delinquent in August.

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    Bim via Getty Images
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    Flexibility and pet policies are tops with single-family renters

    While most tenants are satisfied with their rental homes, a majority are still looking to buy one day, according to a recent survey.

  • A shift to remote work has softened the demand for office space, accelerating the need for commercial-to-residential conversions.
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    Fang Xia Nuo via Getty Images
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    Office-to-residential conversions are tough. Could dorm-style co-living be the answer?

    Microapartments with shared bathrooms and kitchens could suit service workers, retirees and young professionals and cost 25% to 35% less than converting offices to traditional apartments, Pew and Gensler researchers said.

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    Azman Jaka via Getty Images
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    Operators balance automation and customer service

    While some apartment managers say centralization improves the resident experience, others prefer in-person interaction.

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    Permission granted by Core Spaces
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    Core Spaces on track to more than double its student portfolio

    The Chicago developer has a pipeline of over 43,000 beds, with 4,551 delivered so far this year.

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    CHUNYIP WONG via Getty Images
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    Apartment completions jump 42% YOY

    September apartment starts fell 15% from a year ago, while units under construction dropped 17%.

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    Permission granted by Urby
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    PROJECT SPOTLIGHT

    Urby adds to Jersey City’s growth spurt in Journal Square with 25-story tower

    The 317-unit Journal Square Urby is the developer’s second project in the city, now open for leasing and move-ins.

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    Permission granted by The Astor Companies
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    Q&A

    The challenges of building workforce housing

    Astor Cos. CEO Henry Torres is using the Live Local Act to add attainable rentals to his portfolio of luxury properties.

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    Chunyip Wong via Getty Images
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    Will customers leave RealPage in light of legal action?

    Some users may feel pressure to make a decision about the revenue management product as current litigation works its way through the courts, according to one observer.

  • New, multi-colored, four-story apartment property, with a street in the foreground.
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    Permission granted by Forum Investment Group
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    Forum joins the preferred equity club

    The apartment owner recently closed a $226 million investment vehicle specializing in multifamily private credit.

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    Retrieved from Screenshot: Google Maps.
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    Bank reportedly forecloses on Chasen’s office conversion in Baltimore

    The developer planned to turn the historic One Calvert Plaza into 173 apartments.

  • An apartment building with a blue brick wall with a large hole in it. A fire truck crane is next to the hole.
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    Retrieved from Aurora Fire and Rescue/Colorado Sentinel on October 15, 2024
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    Manager, contractors at Colorado complex sued by over 100 former tenants after explosion

    The plaintiffs allege an electrical failure in 2022 led to their displacement and personal property theft.

    Updated Oct. 17, 2024
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    Svetlana123 via Getty Images
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    Tech suppliers fear RealPage suits will have ‘chilling effect’ on data sharing

    Apartment industry vendors say operators are getting skittish about how their information is used.

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    Andrey Sayfutdinov via Getty Images
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    Rent growth steps back for the fall

    Despite the seasonal drop, things are looking good for the multifamily market following the Fed’s recent interest rate cut, according to Yardi Matrix.

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    Permission granted by Eastham Capital
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    DEALS + STARTS

    Eastham, Mosaic buy 2 Houston properties

    The partners were able to acquire Amber Oaks and Park Place by emphasizing their ability to close deals.

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    Google Maps

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    Arkansas Fair Housing Commission files suit after eviction threat against single father

    The resident alleges that he was harassed by his landlord due to his familial status.