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It’s no secret that the push for more transit-oriented development (TOD) has been a priority of the Obama administration. The administration created the Office of Sustainable Housing and Communities under Director Shelley J. Poticha to allow HUD and the U.S. Department of Transportation to focus on...
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For more than a year now, multifamily equity funds, owners, and brokers have complained about the “extend and pretend” policy in the banking industry that have allowed owners with troubled loans to keep their assets. Yesterday, at the 2010 ULI Fall Meeting, Shelia Bair, Sheila Bair, chairman of the...
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A huge number of Generation Y renters may be poised to enter the renter pool, but it would be a mistake for multifamily owners and managers to focus on their needs and interests to the detriment of attracting a broad base of renters.
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With interest rates low, apartment starts on the rise, owners pushing rents, and net operating income rising, things are definitely looking up in the multifamily industry. Nowhere was this sense of optimism more apparent at this week’s 2010 Multifamily Executive Conference in Las Vegas than in the...
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A panel of economists at the MFE Conference held in Las Vegas last week reinforced the sentiment of the entire event: Multifamily is a good place to be with a future that is brighter than expected.
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What will the apartment of the future look like to accommodate the needs of the looming wave of Echo Boomers and Gen Y renters?
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The unpredictability of rent fundamental improvements and NIMBYism continue to impact underwriting for multifamily land acquisition even as market conditions become favorable to apartment development, said a panel on land strategies at the MFE Conference last week in Las Vegas.
Citing low labor and material costs, recovering fundamentals, and a dire lack of competitive market supply, the progressive multifamily mindset says construction starts now.
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Over the past decade, Atlanta-based Wood Partners has built about 3,500 apartment and condo units per year, according to company managing partner Jerry Durkin. In 2009, the company closed on a single development deal—in December. “Lack of debt and equity is crippling the private companies’ ability...
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Despite a landmark fair housing settlement between the National Fair Housing Alliance and the A.G. Spanos Cos. announced earlier this month, the pace of fair housing lawsuits levied against multifamily developers is likely to continue unabated, said a panel of experts at the International Builder...