American Land Ventures Unveils Latest on Fort Lauderdale Development
American Land Ventures, along with joint venture partner MetLife Real Estate Investors, has introduced its newest development project, VU | New River, which is ahead of schedule with construction after topping off in March in Fort Lauderdale, Fla.
From the Editor: On the Cutting Edge of ‘Green’
Before the final decision is made. One amenity that’s sure to get their attention is the on-site vegetable garden. Whether it’s on the roof or at ground level, offering residents the opportunity to grow their own produce is not only the cutting edge thing to do—it also immediately raises your organization’s green profile.
Finance Trends: Multifamily Finance Trends and HUD
While much chatter across the industry speculates as to a current or future bubble, economic indicators show that the sector continues to show strength and that a bubble is not imminent. Investors and developers are active, and demand for units remains steady.
Renters’ Choice: Green Living
The multifamily industry overall has embraced the green movement and made great strides in recent years; but, some apartment communities are doing better than others. This month, MHN partnered with Kingsley Associates to see what residents are saying about their communities’ green features. Electric car charging, drought-resistant landscaping and better insulation are just three features that residents would like to see more of.
Executive Insight: Youthful Insight
Low Income Housing Tax Credit specialists WNC & Associates may have more than 40 years of experience in the affordable housing industry, but the firm isn’t afraid to put youth in the driver’s seat of its rapidly expanding subsidiary, Community Preservation Partners LLC (CPP).
Operations: Green Insurance
Building and operating green multifamily buildings is not only a sound practice from a societal standpoint, it is a smart move from a business point of view. Increasingly, owners and managers view buildings that are green as both more cost-efficient and more attractive to potential renters and buyers.
Products & Services: Green Revolution
Large-scale green building materials companies seem to be burgeoning in the U.S. green construction market, and it is important to note that often, the greenest building supplies are those that come from vendors near the source of a project. Reclaimed materials such as lumber can be repurposed for a variety of different uses including siding, fencing and flooring, just as chunks of ripped out sidewalk from a municipal project can be re-used as retaining walls or stepping stones for pathways.
Cover Story: Green Amenities
Light glistens off of the dew drops that have collected on the rough tops of blue-green Lacinato kale leaves revealing tiny rainbows as it refracts the sun’s rays. A few feet away, fava bean seedlings have pushed through the overwinter compost and have begun their ascent to maturity, and by harvest time they will have helped fix enough nitrogen into the soil to fuel next season’s rotation of leafy greens like rainbow chard, arugula and New Zealand spinach.
Market Report: The Big Apple is Tasty
New York City multifamily assets saw aggressively higher prices throughout all submarkets and pricing metrics in 2013 as demand, driven by rising rents and low interest rates, continued to outpace supply. Average capitalization rates dropped while gross rent multiples, prices per square foot, and prices per unit rose.