Regions

Waters Edge at Harbison, Columbia, S.C. In the midst of massive local layoffs that caused multifamily vacancy in the area to skyrocket, the community held the line through stepped-up resident engagement and new programs. Image courtesy of Lloyd Jones LLC

What Do Asset Managers Want from Property Managers?

In a competitive, fast-changing environment, meeting client expectations calls for unprecedented sophistication about business strategy, finance and other areas. Experts name five key areas to focus on.

Multifamily Marketing’s New Skill Set: Psychology Plus Data Science

Digital technologies are revolutionizing multifamily marketing and leasing, as well as the skills needed by professionals. But effective marketing still hinges on understanding customers and their decision-making process.

Bridge Investment Pays $70M for Phoenix Community

The seller of the 460-unit Class B asset purchased the apartments in mid-2014 as part of a nearly $170 million portfolio deal.

Boston’s Population Pipeline Keeps Multifamily Resilient

Extreme challenges―like construction pricing and the land use process―will help push the metro’s deliveries steadily down over the next four years, according to new projections.

HFF Secures $135M Loan for 6 Student Housing Assets

The properties in the portfolio include University Downs Apartments and Condos, University View, Hillcrest Oakwood, Colonie Apartments, Southgate Apartments and Ella Lofts.

Largest US Student Housing Project Breaks Ground

Developed by the Michaels Organization and designed by Stantec, the $575 million UC Davis West Village community will have a total of 3,300 beds, with 1,000 scheduled for delivery by fall 2020.

Philadelphia Matrix MF report Image by Chris Boswell iStockphoto.com

Philadelphia Multifamily Report – Winter 2019

Rent growth began to accelerate in the fourth quarter, closing 2018 at 2.9 percent year-over-year, while investors boosted annual deal volume to $1.4 billion.

Affordable VA Community Commands $10M

Community Preservation Partners intends to renovate Royal Arms, a 144-unit property in Front Royal. The deal marks the rehabilitation company’s second affordable housing purchase in the state.

MA Senior Housing Asset Extends Affordability With $45M Refi

Non-profit B’nai B’rith Housing intends to execute a capital improvement program on 200 units at Covenant House in Brighton and ensure rental affordability for the next three decades.

Brooklyn Development Reaches Leasing Milestone

The Rheingold, the largest multifamily development in Bushwick, is 60 percent leased after four months. The property features 500 units and was designed by ODA Architects.