Business Specialties
‘What Renters Want’ with Jessica Fiur: The Futility of Marketing Apartments to Gen Y
Gen Y is getting older, and might want different amenities than they used to. So how should property managers market their apartments?
TODAY’S DEALS: Becker + Becker Lands $37.2M for Connecticut Office-to-Apartments Rehab
Becker + Becker lands office-to-apartment conversion financing; Madison Realty Capital buys a three-loan portfolio secured by Brooklyn properties; and NorthMarq Capital finalizes a $24.95 million interest-only refinance.
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.
The FMIC: The Future of Fannie Mae and Freddie Mac
Some government officials believe Fannie Mae and Freddie Mac have outlived their usefulness, which has prompted one senator to introduce legislation that would essentially do away with them.
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).
Development & Design: What’s ‘New’ in New Urbanism
While New Urbanist developments are not the only types of multi-housing projects that are being built today, the movement’s precepts have swept the industry over the past 20 years or more, and become common wisdom among multifamily developers, big and small alike.
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.