Operations: Page 2

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    Google Maps

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    Owner, manager sued for death of 2 children in Mississippi apartment fire

    The smoke alarms at the William Bell Apartments were not functional at the time of the incident, according to officials.

    By • May 13, 2024
  • Five-story white apartments surrounded by palm tress and cars
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    Permission granted by American Landmark
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    DEALS + STARTS

    American Landmark grabs a 444-unit deal in Tampa

    The apartment owner was able to secure lower insurance than its competitors, which helped it purchase the waterfront property.

    By • May 13, 2024
  • Lexion Explore the Trendline➔
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    Laurence Dutton via Getty Images
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    Trendline

    Artificial Intelligence

    Multifamily Dive breaks down the pros and cons of this nascent technology for apartment owners, operators and managers.  

    By Multifamily Dive staff
  • The hallway of a home with white walls, with a thermostat that reads "70" on the wall. Above it is a panel that reads "Year-Round Comfort & Savings."
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    Dylan Slagle, BGE

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    EPA launches new Energy Star residential standard

    The Energy Star NextGen Certification for New Homes and Apartments builds on the foundation set by the existing program.

    By • May 9, 2024
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    lucky-photographer via Getty Images
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    REIT Report

    Essex raises revenue guidance

    Improvement in delinquencies helped power the REIT’s better-than-expected first-quarter numbers.

    By • May 8, 2024
  • A home with a dark brick exterior.
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    Permission granted by Core Spaces
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    EXECUTIVE MOVES

    Core Spaces launches wealth management platform

    The student housing firm has tapped brothers Tom and John Dine to lead the investment vehicle as managing directors.

    By • May 8, 2024
  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
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    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
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    REIT Report

    AVB beats estimates, raises guidance

    Strong occupancy and low move-outs to buy homes gave the REIT pricing power into spring leasing season.

    By • May 6, 2024
  • A professional headshot of JoAnn Blaylock.
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    Permission granted by Birchstone Residential
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    EXECUTIVE MOVES

    Quarterra Living exec leaves Lennar for Ashcroft Capital

    JoAnn Blaylock is now president of Birchstone Residential, Ashcroft’s in-house property firm.

    By • May 6, 2024
  • Brown brick apartment buildings with streets in the foreground.
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    Permission granted by Carleton Cos.
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    Q&A

    Carleton Management Services’ new CEO sees a path for midsize firms

    As operators go through a period of consolidation, Tasha Krawiec says some owners prefer smaller firms.

    By • May 6, 2024
  • 3D Render of the clouds of Hurricane Ida (Aug 28, 2021) on a Topographic Map of the Gulf of Mexico
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    FrankRamspott via Getty Images
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    HUD raises max deductibles for wind and named storm coverage

    The updates are intended to reduce costs for owners and provide more flexibility in negotiations with insurance providers.

    By • May 6, 2024
  • Photo looking up at high rises and Wall Street sign.
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    franckreporter via Getty Images
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    REIT Report

    EQR continues trend of record-low turnover

    The REIT’s expenses rose only 1.3% thanks to lower maintenance and utility costs.

    By • May 1, 2024
  • Financial details under magnifying glass
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    echoevg via Getty Images
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    Q&A

    ‘Synthetic’ fraud is on the rise. Are you prepared?

    Criminals are using identities composed of a mix of real and fake information to get past traditional detection methods, according to a new report.

    By • April 30, 2024
  • Two people with their faces hidden are on either side of a table, on which lies a piece of paper on a clipboard and a model of a building.
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    ArLawKa AungTun via Getty Images
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    New Freddie Mac policies address underwriting, fraud detection

    New or inexperienced multifamily borrowers will now need additional due diligence.

    By • April 29, 2024
  • A detached single-family home.
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    Permission granted by Greystar
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    Q&A

    Greystar eyes build-to-rent expansion

    The multifamily giant has 4,500 BTR homes in development and 2,000 more in the planning stages.

    By • April 26, 2024
  • The Spokane, Washington, cityscape.
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    Solidago via Getty Images
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    The multifamily markets where expenses are rising the fastest

    While total operating cost growth has slowed somewhat, insurance premiums are increasing, especially in disaster-prone areas.

    By • April 16, 2024
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    Permission granted by Bryten Real Estate Partners
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    MEB Management Services merges with Weller

    The combined company, Bryten Real Estate Partners, will operate nearly 47,000 units across the U.S.

    By • April 16, 2024
  • A rendering of a mid-rise apartment building.
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    Permission granted by Halstead
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    Q&A

    Upcoming 325-unit property spotlights artistry in Huntsville, Alabama

    Bordering two historic districts, Stella at Five Points is positioned to take advantage of a changing market.

    By • April 12, 2024
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    graphiknation via Getty Images
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    DEALS + STARTS

    RPM Living pays $85M for Atlanta-area asset

    The Austin, Texas-based firm bought the 407-unit apartment complex from Willow Bridge Property Co.

    By • April 11, 2024
  • A clubroom with hanging lights, tables and seating.
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    Permission granted by Hillpointe
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    Q&A

    Hillpointe rises to the top

    The firm’s fully integrated approach provides a unique competitive advantage, according to co-founder Steven Campisi.

    By • April 11, 2024
  • Business, technology, internet and networking concept. Young businessman working on his laptop in the office, select the icon Fraud prevention on the virtual display
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    putilich via Getty Images
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    Rising rental fraud comes at a cost for property managers

    Falsified applications have reduced income or increased expenses by at least 10% for most operators, according to a new report.

    By • April 9, 2024
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    monkeybusinessimages via Getty Images
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    Opinion

    Survey says operators should focus on community over frills

    More than luxurious amenities, renters want to be treated with a welcoming attitude by staff and other tenants, according to a new NMHC report.

    By Sarah Yaussi • April 9, 2024
  • A modern, high-rise apartment building with balconies and glass walls.
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    Permission granted by Mike Kelley
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    Greystar takes the top spot on owners’, managers’ and developers’ lists

    Asset Living and RPM Living are No. 2 and No. 3 respectively on the managers’ list, while MAA and Morgan Properties hold the same spots on the owners’ list.

    By • April 8, 2024
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    Google Maps

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    Maryland Supreme Court rules against Kushner Cos.

    The lawsuit alleges Kushner-owned Westminster Management charged fees above the state’s legal limit.

    By • April 2, 2024
  • Brick, three-story apartment building with grass and trees in the foreground.
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    Permission granted by Interra Realty
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    DEALS + STARTS

    Chicago deal fetches a near-decade high price for its submarket

    Icarus Investment Group snagged Madison Terrace in the Garfield Park neighborhood for $11 million.

    By • March 28, 2024
  • Three-story brown brick apartments surrounded by grass and trees
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    Permission granted by JLL
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    DEALS + STARTS

    Centerspace sells 2 properties for $19M total

    Last year, the REIT jettisoned 13 communities for $226.8 million as it focused on repaying debt.

    By • March 21, 2024
  • A lounge and bar area.
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    Permission granted by Mary Cook Associates
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    Properties serve up creative food, beverage offerings

    Concepts include drinks on tap, grab-and-go markets and bar spaces open to the public.

    By • Updated March 21, 2024