News
Comforting Sophistication for Your Walls
Sustainable Materials has a new innovation to make your walls sophisticated yet inviting.
DEAL OF THE DAY: National Investor Nabs Tempe Student Housing
One of the largest student housing assets serving ASU trades hands.
Condo Prices Decrease in Key Areas in July
The Mark Co. examines condo pricing in some major markets.
What if Your Home Had Superpowers?
Think 200 square feet is too small to live in? Think again.
Wangard Partners Hires Chief Financial Officer
Milwaukee—Wangard Partners has added a chief financial officer to achieve their strategic goal of lean operations. Beth L. Schumacher, CPA, a resident of Menomonee Falls, has joined the staff and will help drive the effort of providing enhanced services to the company’s many clients and industry partners. Schumacher brings over 30 years of expertise in the areas of finance and accounting for property development and management to Wangard Partners. She has broad expertise in developing effective internal and external reporting, systems implementation, insurance as well as cash and risk management. As chief financial officer for Wangard Partners, Schumacher is leading financial and…
Jonathan Rose Companies Names Chauhan New CFO
New York—Jonathan Rose Companies LLC, a green real estate development, investment and project management firm, has named Sanjay Chauhan chief financial officer. In addition to his responsibilities as CFO, he will manage investor relations and oversee the firm’s investment funds. Most recently, Chauhan served as CFO and asset management leader at Urban American, a New Jersey-based real estate firm focused on acquiring, improving, and managing workforce housing. During his time there, Chauhan played an integral role in the company’s expansion in the multifamily sector. Chauhan earned a Bachelor of Arts in Economics & Politics and a Master of Arts from…
Jefferson Apartment Group Names New Senior VP of Acquisitions
McLean, Va.—Jefferson Apartment Group (JAG) recently named Kevin Smith as their senior vice president of acquisitions. Smith will lead the effort to build a multifamily acquisition platform within JAG’s core markets, including Washington D.C., Boston, Florida and Philadelphia. As JAG continues to broaden their acquisition scope, Smith will aim to reach $200 million-$300 million in new acquisitions annually. Smith joins JAG as a seasoned professional with more than 20 years of experience in commercial real estate. During his career, he has closed more than $4 billion in transactions with $400 million specifically attributed to the acquisition of existing multifamily assets. Smith’s previous experience includes condominium conversions,…
Veteran Developer Joins Wood Partners
Denver—Wood Partners LLC announced that Jack Kachadurian, a multifamily investment and development specialist, has been hired as vice president of development for the Denver and Rocky Mountain markets. Kachadurian is based in Wood Partners’ Denver office. Since launching its Denver office eight years ago, Wood Partners has developed six apartment communities with more than 1,300 units in the Denver metro area and plans to close a seventh. After a brief respite to analyze absorption rates and the current market, Wood Partners is prepared to increase its development pipeline. A graduate of Regis University in Denver, Kachadurian is pleased to return to…
Appealing to Tech-Savvy Renters
By Jeffrey Steele, Contributing Editor These days, it’s hard to find anyone who doesn’t have a mobile device seemingly glued to his or her fingers. Having leapfrogged fixed Internet usage, mobile usage will surely continue gobbling share from all other forms of access. Little wonder that mobile advertising spending is projected to more than double between 2015 and 2019, as reported in a study this year by eMarketer. The multifamily industry is responding and, in the process, growing increasingly conversant with terms and concepts like geofencing, snackable content, social sign-ins, mobile responsiveness and stopping the thumb. The opportunities for marketers of apartment communities…
Foreign Flight Capital Favors U.S. Multi-Housing
Don’t discount the risks associated with foreign capital flocking to multifamily.