Tag: multifamily

SACRAMENTO, CA – AECOM-Canyon Partners, in a joint venture with The Martin Group, announced the closing of a $73.3 million senior construction loan from Pacific Western Bank to begin the transit-oriented development of Wexler on 65th, a mid-rise student housing project near California State University, Sacramento. The development will bring much needed housing to Sacramento…
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The resident’s customer journey is being turned on its head during the unprecedented Covid-19 circumstances. Apartment marketers are faced with new challenges on how to “set themselves apart” from the competition. Sure, social media and other marketing trends continue to evolve, but when it comes down to the resident signing the lease, it’s the pricing…
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This five-point plan would increase the number of African-American homeowners and help close the persistent gap in homeownership rates between whites and African-Americans.

SEATTLE, WA – Skyrocketing unemployment across the U.S. has prompted millions of adults to move back in with their parents. A new Zillow analysis shows potential rent lost from Gen Z alone could total an estimated $726 million, and the ripple effects of their next move could have far-reaching consequences for the housing market. The…
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  Apartment maintenance staff may receive reasonable modification requests because of their direct contact with residents. Therefore, it’s important that they are educated on how to respond to such requests. Maintenance Employees & Customer Service Residents may discuss their needs for reasonable accommodations or modifications with maintenance employees prior to mentioning their needs to anyone…
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DENVER, CO – ReyLenn Properties announced the opening of Solana Stapleton, a new luxury rental community in the Stapleton submarket of Denver. The community is the first market rate rental community developed by a third party in the master-planned Stapleton community. The 280-unit development includes a mix of one, two, and three-bedroom residences, with rental…
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At the national level, housing affordability remained promising in April 2020 compared to a year ago and rose compared to March.

Since the COVID-19 pandemic began, LeaseLock has been tracking its effects on rent payments. Using actual transaction data sourced in real-time from multifamily property management systems, we have completed our analysis of rent payments through the June grace period (June 1-5). Below is a summary of our major findings: June Rent Payments Hold Steady The…
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MEMPHIS, TN – Elevation Financial Group announces the acquisition by Elevation Real Property Fund VII of Kennington Pointe, a 155-unit senior property located in Memphis, Tennessee. The $2.2 million purchase represents the seventh acquisition by the fund in the past ten months and is the latest example of Elevation’s mission to create and support quality…
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Younger Boomers: Longest Search for Forever Home Younger boomers searched the longest of any age group for a median of 12 weeks, and viewed a median of 10 homes. By:  Matt Christopherson