Operations: Page 12

  • Image of a modern computer keyboard with insurance button on a blue background and copy space.
    Image attribution tooltip
    MicroStockHub via Getty Images
    Image attribution tooltip
    Insurance Issues

    NMHC: Multifamily insurance costs up 26%

    Property coverage has become much more expensive in recent years, according to a new report from the National Multifamily Housing Council.

    By • June 8, 2023
  • hurricane
    Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip
    Insurance Issues

    Insurance costs are skyrocketing. Why?

    Climate-related events aren’t the only thing pushing premiums to unprecedented levels for multifamily owners.

    By • June 6, 2023
  • A block of apartment complexes Explore the Trendline➔
    Image attribution tooltip
    Arturo Rosenow via Getty Images
    Image attribution tooltip
    Trendline

    Top 5 stories from Multifamily Dive

    A roundup of some of Multifamily Dive’s top stories of 2024.

    By Multifamily Dive staff
  • Aerial view of apartment community with trees in the background.
    Image attribution tooltip
    Permission granted by Revitate Cherry Tree
    Image attribution tooltip
    DEALS + STARTS

    West Coast investor continues to build its workforce portfolio in the Midwest

    With the purchase of a property outside of Cincinnati, Revitate Cherry Tree closes out the acquisitions from its first fund.

    By • June 5, 2023
  • Aerial picture of single-family homes next to a street with trees in the background.
    Image attribution tooltip
    Permission granted by Allen & Rocks
    Image attribution tooltip
    Q&A

    Maryland SFR development catches on ‘like wildfire’ with active adults

    Allen & Rocks moved into single-family rentals at two Brookfield communities, and it learned that a 55-and-over crowd will lease remotely.

    By • June 2, 2023
  • A mid-rise apartment building with a sign that reads "Ltd. by Greystar."
    Image attribution tooltip
    Courtesy of Greystar
    Image attribution tooltip

    Greystar launches attainable housing brand

    With some built in the company’s newly opened modular factory, Ltd. by Greystar apartments will limit future rent increases for existing residents.

    By • May 30, 2023
  • A mid-rise apartment building in front of a lawn.
    Image attribution tooltip
    Permission granted by ANF Group
    Image attribution tooltip

    Deals + Starts: May 2023

    SPI Advisory, ECI Group, Neology and more were in the news this month.

    By Multifamily Dive Staff • May 25, 2023
  • Real estate agent and customer walking between apartment buildings.
    Image attribution tooltip
    gremlin via Getty Images
    Image attribution tooltip

    Virginia-based owner plans to add property management services

    As other firms have scaled back their management presence, Capital Square is jumping into operations.

    By • May 23, 2023
  • A person in a blue shirt holding a package.
    Image attribution tooltip
    BongkarnThanyakij via Getty Images
    Image attribution tooltip

    These are the amenities renters prefer most

    The most coveted features include front desk attendants and secure package services, while pools and fitness centers have fallen a few steps.

    By • May 22, 2023
  • A mid-rise apartment building in front of a lawn.
    Image attribution tooltip
    Permission granted by ANF Group
    Image attribution tooltip
    DEALS + STARTS

    Affordable senior development underway near Miami

    At 410 units, the Douglas Gardens Residences will be the largest property of its kind in Broward County.

    By • May 19, 2023
  • Street signs for the intersection of Wall St. and Broad St., with the stripes of an American flag in the background.
    Image attribution tooltip
    Michael Santiago/Getty Images via Getty Images
    Image attribution tooltip

    REITs report positive momentum

    On first quarter earnings calls, executives expressed optimism, though there are pockets of weakness.

    By • May 19, 2023
  • The Space Needle stands over the Seattle skyline as Mt. Rainier is seen in the background
    Image attribution tooltip
    John Moore via Getty Images
    Image attribution tooltip
    REIT Report

    Essex predicts rebound in West Coast markets

    Although it is monitoring other areas for expansion, the REIT is comfortable with its regional focus, according to CEO Angela L. Kleiman.

    By • May 17, 2023
  • People walk down Wall Street January 22, 2008 in New York City
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip
    REIT Report

    Camden’s move-outs to homeownership drop amid strong rent growth

    Even though more than 400,000 new units are expected to hit its markets in the next two years, the REIT downplayed the impact of new supply on a recent earnings call.

    By • May 15, 2023
  • Congressional leaders at the White House
    Image attribution tooltip
    Anna Moneymaker via Getty Images
    Image attribution tooltip

    Business, multifamily leaders urge quick resolution to looming debt ‘catastrophe’

    President Joe Biden and congressional leaders will continue talks on Friday as the threat of a default on the country’s $31.4 trillion debt grows.

    By • May 12, 2023
  • An apartment lobby from the exterior.
    Image attribution tooltip
    Courtesy of Moris Moreno
    Image attribution tooltip
    PROJECT SPOTLIGHT

    Portland, Oregon’s Alta ART Tower designed to connect with artistic neighbors

    The building’s expansive lobby hosts theater performances and gallery events in collaboration with the Artist Repertory Theater next door.

    By • May 11, 2023
  • A tour bus passes the Wall Street bull.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip
    REIT Report

    As development projects are abandoned, AVB sees an opportunity to buy land

    The REIT is partnering with third-party apartment builders and offering mezzanine loans for construction.

    By • May 10, 2023
  • Five-story apartment building surrounding a pool.
    Image attribution tooltip
    Permission granted by Centerspace
    Image attribution tooltip
    Q&A

    Centerspace’s new CEO outlines her priorities

    Anne Olson’s first focus will be property operations and centralization.

    By • May 9, 2023
  • A set of white apartment buildings near a waterfront.
    Image attribution tooltip
    Permission granted by Integra Investments
    Image attribution tooltip
    PROJECT SPOTLIGHT

    Largest Key West, Florida, workforce housing in 50 years opens on Stock Island

    Wrecker’s Cay Apartments from Integra Investments adds 280 low- and moderate-income units near the Florida Keys’ connecting highway.

    By • May 8, 2023
  • New grey apartment community
    Image attribution tooltip
    Permission granted by Alliance Residential
    Image attribution tooltip

    The multifamily industry’s top firms

    From syndicators and owners to builders and managers, these rankings from the National Multifamily Housing Council are much anticipated each year.

    By • May 4, 2023
  • A man walks by the New York Stock Exchange (NYSE) in New York City.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip
    REIT Report

    3 trends driving MAA’s performance

    The REIT’s portfolio is insulated from new supply, CEO Eric Bolton said on last week’s earnings call.

    By • May 3, 2023
  • Tall high-rise apartment building.
    Image attribution tooltip
    Permission granted by Gables Residential
    Image attribution tooltip

    AvalonBay to provide Gables with back-office support services

    The Atlanta-based manager will continue to manage its portfolio and properties.

    By • May 3, 2023
  • photo of volumetric building companies construction site
    Image attribution tooltip
    Permission granted by Volumetric Building Companies
    Image attribution tooltip

    Katerra factory buyer sees affordable housing uptick

    Vaughan Buckley, CEO at Volumetric Building Companies, said amid widespread finance jitters, there is more funding stability in the sector due to government grants.

    By Sebastian Obando • May 2, 2023
  • Photo of stock exchange letters.
    Image attribution tooltip
    Pgiam via Getty Images
    Image attribution tooltip
    REIT Report

    Equity Residential’s same-store revenue is better than anticipated

    New York posts 19% growth, but California floods drive up expenses and San Francisco and Seattle struggle with concessions.

    By • April 28, 2023
  • A rendering of a mid-rise apartment building.
    Image attribution tooltip
    Permission granted by Hunt Midwest
    Image attribution tooltip

    Deals + Starts: April 2023

    Beacon, Bonaventure, Lendlease and more were in the news.

    By Multifamily Dive Staff • April 27, 2023
  • 61 Banks
    Image attribution tooltip
    Permission granted by Draper and Kramer
    Image attribution tooltip

    Size, location matter most to wealthy renters

    Affluent tenants expect that their larger rent payments will translate into larger units, multifamily developers say.

    By Robyn Griggs Lawrence • April 24, 2023
  • Closeup of a Houston map with a red pin.
    Image attribution tooltip
    zimmytws via Getty Images
    Image attribution tooltip

    Texas foreclosures foreshadow Class C troubles

    The Applesway Investment Group portfolio suffered from neglect and changing market conditions.

    By • April 24, 2023