Ben Bruns of the Weitz Co. says that in some ways the construction industry was more efficient before World War II. Erecting buildings just didn’t take so long. At a recent student housing conference, the company’s national development director pointed to the Empire State Building as an example. Built in 1931, the wondrous tower stretched[…]
The eyes of a prospective renter walking into the apartment at Acacia Pointe are immediately focused on living area. Plenty of light streams into the room, where neutral tones soften walls bordered by wide crown molding. A comfy couch and long ottoman look and relaxing, the back door opens to a balcony that promises fresh[…]
As an apartment operator, do you know what residents think amenities are worth? In this amenity crazed market, multifamily housing leaders need to understand what features like hardwood floors, appliances types – even a unit with a view of the swimming pool – mean to property performance and leasing. Factoring key influences and property amenity[…]
Energy Star began identifying energy efficient computers and printers in 1995, and the rest is history. Today, it has rated thousands of apartment properties across the country through its Portfolio Manager benchmarking tool, most recently adding waste to its lineup. Most importantly, it’s fast becoming the catalyst for local legislatures to mandate benchmarking to drive[…]
Green roofs—solar, garden and combination—are making their way across the country, with the latest ordinance now in effect in Denver, Colo. As owners and operators assess what such measures add to the cost of multifamily construction and retrofits, many wonder about the benefits, detriments and pay-offs of this latest regulatory trend. Green roofs are nothing[…]
“The unemployment rate is dropping, and finding and retaining good people has become a really big deal to us,” says Samuel Brooks, VP of Technology and Innovation at KMG Prestige. With over 900 employees needed at hundreds of sites, it’s quite a challenge. The company suggests an investment opportunity that also serves as a solution:[…]
Looks can be deceiving, whether from a prospective resident’s perspective while viewing a community for the first time or an accountant who is glancing at spreadsheets trying to understand the financial property health. A freshly painted exterior may suggest to a prospect that the apartments inside are clean and function flawlessly. To a financial analyst,[…]
You’re sitting on a student housing gold mine. But you might not even be aware of it. No, we’re not talking about your student properties themselves. We mean the data they’re spinning off day in and day out that can help you optimize asset and portfolio performance. Only in the past decade has this become possible,[…]
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With the rising cost of utilities, saving every penny counts now more than ever. Monitoring your property’s utility bills month to month trying to pinch pennies and catch variations in utility bills can be both time consuming and ineffective. Even with the best intentions and careful attention to details, all too often looking at only[…]
A picture is said to be worth a thousand words. But when it comes to photography in multifamily, a shot featuring the property shouldn’t be that verbose. The right picture with the right angle, the right composition and the right lighting should send the very concise message to prospective renters that this is the place[…]
The Internet of Things (IoT) has taken the nation by storm. However, its value to an apartment operation is as varied as the nation’s rental product itself. While home chore automation and security have inspired a surge of innovation and enthusiasm, a more direct and obvious driver of cost recovery is already in place for[…]
Earnings matter. This is as true in energy, industrials and consumer staples as it is in real estate...
Congratulations! You have a fantastic product. Newsflash! Your competitor has a fantastic product, t...
Multifamily owners will sometimes find themselves non-compliant because of a misinterpretation of th...
An automated vending machine generating $2,500 in weekly revenue is most likely not selling just can...
When it officially stamps hoarding as a disorder in May, the American Psychiatric Association will c...
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