Housing Affordability in December 2019
At the national level, housing affordability conditions improved in December 2019 compared to a year ago and fell modestly compared to November.
At the national level, housing affordability conditions improved in December 2019 compared to a year ago and fell modestly compared to November.
(This is the third blog in our current series on amenity pricing) It’s a classic conversation that will be familiar to every revenue manager who has ever had rehab units in their portfolio: Property Manager: “I need to lower my one-bedroom prices” Revenue Manager: “Ok. What, exactly, makes you feel that way? Property Manager: “I’ve got…
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OVERLAND PARK, KS – Sherman Residential announced its acquisition of The Sovereign at Overland Park, a 2013 constructed Class A garden multifamily community located in the southern Kansas City metroplex. The Sovereign is in Johnson County s Blue Valley School District, one of the top-rated districts in the country. With access to major highways and…
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The foot traffic index increased 6.2 points in January from the prior month and was unchanged from one year ago.
The latest month’s decline in housing starts is nothing to be concerned about.
Spending $20 for a toggle bolt? Apartment Managers can become obsessive about saving money on maintenance supplies. Sometimes the efforts to justify pricing from supplier A over supplier B have grown to simply outweigh the savings that might have been achieved. When you evaluate the savings, you need to include the hours of surfing and…
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PHOENIX, AZ – Triumph Properties Group has acquired Deer Creek Village, a 308-unit apartment community located in Phoenix, Arizona. The $49,500,000 acquisition ($160,714 per unit) is Triumph’s first residential acquisition in the Phoenix market. Deer Creek was developed by Evans Withycombe Residential Inc. in 1985 and owned by the Withycombe family for 20 years. The…
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The apartment industry is entering a new era. Operators in markets across the country are weighing the pros and cons of smart home technology, as well as evaluating the best ways to establish a smart operations/buildings platform. They’re asking if they should install doorbell cameras and smart locks. Should they offer smart thermostats and lighting?…
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CHICAGO, IL – Greystar Real Estate Partners, a global leader in the investment, development, and management of high quality rental housing properties, announced that the first wave of apartment homes in the new Highland Ridge community are now available and ready for immediate move-in. Developed by Heartland Real Estate Partners (Heartland) and with property management…
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ATLANTA, GA – LMC, a wholly-owned subsidiary of Lennar Corporation and a leader in apartment development and management, announced the start of preleasing at Gentry, a luxury mixed-use apartment community in the vibrant Buckhead Village neighborhood of Atlanta. The 21-story high-rise, which features 290 apartment homes, approximately 6,000 square feet of ground-floor retail and an…
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