Operations: Page 7

  • A row of glass high-rises on the right and boats docked on the left.
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    Permission granted by Hoffman & Associates
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    EXECUTIVE MOVES

    Hoffman & Associates names new CEO

    JLL alum Brian Dawson will step into the role, replacing Mark Dorigan at the Washington, D.C.,-based developer.

    By • June 10, 2024
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    simpson33 via Getty Images
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    Staff matters, new survey of 400,000 online reviews says

    More than 60% of positive property reviews — and 18% of negative ones — make mention of on-site teams, according to an AI-powered study.

    By • June 6, 2024
  • a couple looks out over an apartment balcony Explore the Trendline➔
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    skynesher via Getty Images
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    Trendline

    Resident Retention

    Property managers have a variety of approaches to keep tenants satisfied.

    By Multifamily Dive staff
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    Permission granted by AvalonBay Communities
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    Q&A

    Inside AvalonBay’s strategy to woo residents who work from home

    The REIT has redesigned dining spaces, bedrooms, common areas and even operations to accommodate renters who work remotely.

    By • May 28, 2024
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    Courtesy of Flournoy Development
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    Flournoy launches new high-end multifamily brand

    Ellison by Flournoy has seven projects in development, many of them in the Southeast.

    By • May 28, 2024
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    _ultraforma_ via Getty Images
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    Sustainability is a ‘differentiator’ for multifamily developers

    With regulations and incentives now widespread, experts encourage looking at energy-efficient features with an entrepreneurial lens.

    By • May 23, 2024
  • The Wall Street sign in the Financial District of Lower Manhattan in New York City.
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    hapabapa via Getty Images
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    REITs beat expectations in Q1

    Strong occupancy and resident retention set the stage for outperformance.

    By • May 23, 2024
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    AndreyPopov via Getty Images
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    The industry positions with the highest — and lowest — base salaries

    Executive pay averages in the hundreds of thousands, while on-site and maintenance personnel salaries trend below the national average, according to a new report.

    By • May 22, 2024
  • Tables and chairs among greenery on a rooftop.
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    Salvi Media

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    Consumer interest in wellness has reached a critical mass

    Health-focused features drive value and revenue at multifamily properties, according to speakers at the Wellness Real Estate and Communities Symposium.

    By • May 21, 2024
  • Overhead picture of apartment communities and a pool.
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    Permission granted by Harbor Group International
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    Q&A

    Harbor Group eyes more buys

    The nation’s No. 19 apartment owner thinks the window is open to acquire newly built assets.

    By • May 21, 2024
  • Wall Street sign with american flags and New York Stock Exchange
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    lucky-photographer via Getty Images
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    REIT Report

    Renewal and new lease rates diverge for MAA

    The REIT’s existing residents paid 5% more YOY in Q1, but supply pushed new rents down 6.2%.

    By • May 20, 2024
  • A mid-rise apartment building with "Culebra" written on the side.
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    Courtesy of Lynd
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    EXECUTIVE MOVES

    Lynd expands third-party management services with new data tools

    The owner-operator has also rehired Josué Garza as president of property management.

    By • May 17, 2024
  • A street sign marks the intersection of Wall and Broad Streets in Manhattan.
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    rabbit75_ist/iStock/Getty Images Plus via Getty Images
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    REIT Report

    Camden sees favorable trends in insurance, taxes and bad debt

    Although supply remains a problem, demand is durable in the REIT’s markets.

    By • May 15, 2024
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    sonsam via Getty Images
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    Dogs and cats are priority No. 1 for potential renters

    Apartments that will accommodate pets are more in demand than air conditioning or in-unit laundry, according to Zillow.

    By • May 15, 2024
  • View from the the ground looking up at high rises and Wall St. and Front St. signs.
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    franckreporter via Getty Images
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    REIT Report

    UDR plans to back off of high occupancy to boost rents

    Despite solid results, the REIT isn’t raising its full-year guidance.

    By • May 13, 2024
  • A group of low-rise apartment buildings situated on a green lawn on a sunny day.
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    Google Maps

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    Owner, manager sued for death of 2 children in Mississippi apartment fire

    The smoke alarms at the William Bell Apartments were not functional at the time of the incident, according to officials.

    By • May 13, 2024
  • Five-story white apartments surrounded by palm tress and cars
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    Permission granted by American Landmark
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    DEALS + STARTS

    American Landmark grabs a 444-unit deal in Tampa

    The apartment owner was able to secure lower insurance than its competitors, which helped it purchase the waterfront property.

    By • May 13, 2024
  • The hallway of a home with white walls, with a thermostat that reads "70" on the wall. Above it is a panel that reads "Year-Round Comfort & Savings."
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    Dylan Slagle, BGE

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    EPA launches new Energy Star residential standard

    The Energy Star NextGen Certification for New Homes and Apartments builds on the foundation set by the existing program.

    By • May 9, 2024
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    lucky-photographer via Getty Images
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    REIT Report

    Essex raises revenue guidance

    Improvement in delinquencies helped power the REIT’s better-than-expected first-quarter numbers.

    By • May 8, 2024
  • A home with a dark brick exterior.
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    Permission granted by Core Spaces
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    EXECUTIVE MOVES

    Core Spaces launches wealth management platform

    The student housing firm has tapped brothers Tom and John Dine to lead the investment vehicle as managing directors.

    By • May 8, 2024
  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
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    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
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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 • May 6, 2024
  • A professional headshot of JoAnn Blaylock.
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    Permission granted by Birchstone Residential
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    EXECUTIVE MOVES

    Quarterra Living exec leaves Lennar for Ashcroft Capital

    JoAnn Blaylock is now president of Birchstone Residential, Ashcroft’s in-house property firm.

    By • May 6, 2024
  • Brown brick apartment buildings with streets in the foreground.
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    Permission granted by Carleton Cos.
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    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 • May 6, 2024
  • 3D Render of the clouds of Hurricane Ida (Aug 28, 2021) on a Topographic Map of the Gulf of Mexico
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    FrankRamspott via Getty Images
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    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 • May 6, 2024
  • Photo looking up at high rises and Wall Street sign.
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    franckreporter via Getty Images
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    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 • May 1, 2024
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    echoevg via Getty Images
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    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 • April 30, 2024