New Indian River State College charter prepares Indiantown students for college, careers or trades
College isn’t for everyone, but nearly all of us have to work. To find the right path students need a guide. Operated by Indian River State College in partnership with the Martin County School District, the school's curriculum is focused on college preparedness as well as career and workforce education. Students will be prepared to enter the workforce trained in a specific trade skill, or they can get college credits through dual enrollment at IRSC. Read more here.
June 22, 2023.
What Multifamily Can Learn About Customer Experience
Other industries are years ahead of multifamily when it comes to the customer experience. Sports, entertainment, travel, and hospitality are just a few examples of industries that have excelled at elevating experiences for their customers and set the bar for digital interaction. The article says, “The quality of resident experience, beginning with the apartment search, impacts the customers that you're currently serving and potentially affects their decision to renew.“ Read more here.
June 20, 2023.
A multifamily expert provides insights on pipeline projections, office conversions, and townhome trends.
This expert breaks down what’s happening in the market.
1. Stabilized Concessions Remain Low
2. Pipeline Projections
3. Back to the Basics
4. Office Conversion Considerations
5. Townhome Trends
Read more here.
June 15, 2023.
Market Outlook: Multifamily Sector Remains Resilient
Continued demand strength, limited competition from both new apartment supply and single-family home ownership, and durable employment trends contributed to strong results in the first quarter for public real estate investment trusts (REITs). This article outlines multi-family market resiliency. Read more here.
June 13, 2023.
Zoning Changes Have Small Impact on Housing Supply
Some people have said that changing zoning can help with the housing supply. According to Governing magazine that’s not the case. A new report from the Urban Institute attempts to measure the impact of a broad array of zoning reforms on housing supply and cost. The effects are significant but very small, researchers found. Read more here.
June 8, 2023.
Florida real estate: Treasure Coast home prices, cash sales, closed sales up in March
Cash for a house? That is the thing now. And things are looking up for sellers, but for buyers? Getting harder. Tighter inventory. Still, not everyone wants to own one. Teaser: a new rental community coming to Indiantown soon. In the meantime, this story gives you a snapshot of the market. Read more here.
June 6, 2023.
LMM properties and people are recognized by the multifamily industry.
We’re so proud of our people and properties. Multiple Central Florida properties and our excellent staff from Lincoln Property Management have been recognized with Gold Medallion Awards. Congratulations, and thank you.
Above and Beyond Award- Ashley Bauer, LM at Sabal Club
Assistant Manager of the Year- Holly Hartel, The Addison on Millenia
Spirit of Lincoln- Christi Ballard, BM at The Crosby at Towne Center
BM Coaching & Ops Mentors- Christi Ballard and Robyn Atkins
Admin-Nominated Superstar Awards - Alex Marlon, Floating Maintenance Technician & Jorge Salgado, Service Manager at Sun Lake
Exceptional Team Performance - Sun Lake
People's Choice- Robyn Atkins, BM at Sabal Club
Century Club (100+ leases in 2022)- Kavaris Henderson, LMP at Sun Lake with 118 leases Sondra Sanchez, LMP at Sun Lake with 102 leases
Multifamily housing investors favoring properties in the Sun Belt
Multifamily housing investors are gravitating toward Sun Belt markets with strong job and population growth, according to new research from Yardi Matrix.
Despite a sharp second-half slowdown, last year’s nationwide $187 billion transaction volume was the second-highest annual total ever. In 2022, multifamily sales volume was paced by Atlanta, Phoenix, Dallas, Houston, Miami, and Orlando, Fla. The Southeast, Southwest, and West regions accounted for $148 billion of sales in 2022, 79% of the total.
Read more here.
May 11, 2023.
Real Estate Tech Trends for 2023
Making it easy for you with a list. It’s not everything, but it’s a start.
Multifamily Operators Will Focus on Technologies With Clear ROIs
Multifamily Tech Users Will Be Discerning About Vendors’ Corporate Stability
Real Estate Technology Will See Significant Consolidation
Read more here.
May 9, 2023.
Practices to Add Ancillary Revenue Streams
Always something to think about. This writer proposes a framework of four steps.
Think of Tenant Needs and Monetize Them
Stay Ahead of the Curve
Have the Right Foundation
Be Careful How You Bill It
Critical to whatever you do renter relationships. People will pay for what they want, but they will resent paying for what they think should be included. Read more here.
May 4, 2023.
There’s still a housing deficit for both rental and for-sale homes.
The last two years have pushed many homes into the “unaffordable” category. It is a crisis. Even with rising starts, there is insufficient supply in the pipeline to meet current and projected demand. Same thing with rentals, too. The industry projects that three million units will be needed by 2035 but even with 900,000 under construction, rentals fall far short of demand. One answer? Local elected officials need to carefully review rules and regulations to ensure there are as few blocks to progress as possible. Read more here.
May 2, 2023
Those Who Can’t Afford a Single-Family House Are Increasingly Turning to Build-To-Rent Communities.
Renters who want more space or a different lifestyle but who cannot afford to buy are turning increasingly to rentals. Developers across the U.S. are working to meet that growing need. Rental communities were around before but interest in them exploded as multi-family members sought more space and privacy and more people working remotely. Over the past few decades, three percent of single-family starts were developed as rentals. By third quarter 2022, that number has jumped to 12 percent, according to the National Association of Home Builders. Read more here.
April 27, 2023
Build-to-rent more becoming more popular.
Arizona, Texas, Florida, and other places where there is insufficient workforce housing are turning to build-to-rent models. These rental communities are home to firefighters and teachers, sales professionals and bankers, and others who either can’t find homes or don’t want home ownership. Properly managed rental communities leave families to family time while things like maintenance are left to others. There’s also a generational thing. More of the forty and under generations simply don’t have the same desire to own a home, many preferring apartments or other multi-family living situations. The single-family rental market is developing but shows tremendous promise. Read more here.
April 25, 2023
Trains, planes and automobiles
How to affordably tame high-impact noise zones. How many times have you found a great parcel only to find it’s near an airport, rail line or highway, sometimes all three. In this story, the property was close to all three. But using ICF, insulated concrete form, a building system that uses lightweight foam blocks stacked Lego-like to form a steel-reinforced cast-in-place concrete wall with remarkable noise-blocking characteristics. ICF isn’t right for every multifamily project. But when the conditions call for an affordable and proven noise mitigation solution, ICF could be a prime option for optimizing net operating income and profitably transforming a challenging location. Read more here.
April 20, 2023
Construction delays, process and other issues increase risk, and threaten profits.
The National Multifamily Housing Council quarterly survey between March 7 and 30 of this year and found 79 percent of developer respondents reported construction delays, still, which was down from 84 percent in December, 90 percent in September, and 97 percent in June. Cost fluctuations and labor availability, while significant, are substantially approved. The organization suggests that as pandemic-caused issues subside leaders need to stay focused on policies that support increased housing development. Read more here.
April 18, 2023
Multifamily Investors Fight Rising Rates by Pursuing Properties with Assumable Debt
By assuming existing loans, investors can mitigate the risk from rising interest rates and ultimately underwrite a greater leveraged return. Interest rates are volatile—creating a risk, but assumable mortgages quantify interest rate risk and allow owners to focus on fundamentals. Read more here.
April 13, 2023
JPMorgan Launching Multifamily Management Platform
JPMorgan Chase is launching a digital commercial real estate management platform called Story. The new platform, being rolled out next year, aims to help multifamily property owners and operators simplify and streamline the management of their portfolios — and also scale their businesses. Read more here.
April 4, 2023
Managing Real Estate Assets Through inflation
Like every other business, when inflation is a factor, you have to manage expenses and optimize revenue. That’s not rocket science, it's practical advice and a useful reminder of things that need to be leveraged, like technology to assist with management and expense management. Read more here.
March 30, 2023
Navigating the untapped potential of multifamily EV charging
Does your property have a charging station or more, yet? In many places across the country, this is no longer an amenity but an essential service. Electric vehicle sales are surging and given new government regulations and the issues with fossil fuels, this trend is continuing. Heck, even Ford with big trucks is driving the future with electric. Preparing for that new future must be factored into property planning. Read more here.
March 28, 2023
What’s Next For The Multifamily Industry?
This writer sees three main considerations for multi-family properties in 2023: Heading into 2023; the writer sees three developing focus areas for property owners and managers: addressing new government regulations, improving staff satisfaction/retention, and garnering more brand loyalty from residents. There’s also brand/demand and new government regulations. Read more here.
March 21, 2023
Optimizing Your Property Website for Google’s Latest Algorithm
Google makes regular changes to its magical algorithm, keeping developers mindful of the changes. Their latest update is to “Page Experience,” which accounts for a variety of ways users interact with your site. Most of these are technically oriented with site owners likely in need of professional help to manage them. Still, content is king, as is the need for great organic search position. This is for every business, not just multi-family. Read more here.
February 28, 2023
See the Future: Multi-family Markets in 2023
Heading into the new year, multifamily experts are concerned about how the industry will be impacted by the rise in interest rates as the Federal Reserve continues its efforts to cool inflation. While the industry benefited from strong rent growth and low interest rates during the pandemic, a deceleration in rents, although gradually, has been seen across rent reports toward the end of 2022. Read more here.
February 23, 2023
Apartment Market Continues to Loosen
Interest rate hikes continue to impact the multifamily industry, according to the National Multifamily Housing Council’s quarterly survey of apartment market conditions for January. An economist for NMHC said rate hikes also are resulting in the higher cost of debt financing, which is causing buyers to seek a higher rate of return. Read more here.
February 21, 2023
Why Residential Conversions Are More Commonplace
A report released in March by the NAIOP Research Foundation found that, since 2010, 885 office buildings throughout the country have been converted to multi-family residences. Conversions are typically 15 to 20 percent less expensive than new apartment buildings, the report said, with faster completion times and lower material and labor costs. These conversions are happening all over the country, too. Office buildings account for most conversions, but hotels and motels are also part of the equation. Read more here.
February 14, 2023
Multifamily as a hedge against inflation
Inflation. When it hangs in, everyone is affected, consumers (at the end of the chain) but business and developers, too. This article suggests that when inflation is a problem, multi-family investment is a hedge against it. Is now a smart time to invest in commercial real estate, the writer asks.
His answer? Oh yes.
Read more here.
January 5, 2023
Happy New Year!
We made it! Here’s to you and yours and 2023 that surpasses our expectations in every positive way.
January 1, 2023
Multi-family and the Interest Rate Hikes
While the Fed has signaled a slowdown in boosting interest rates, the existing rate hikes have successfully curtailed funding availability and raised the cost of borrowing. Some sectors are seeing a slowdown as a consequence, but not all. And developers who can self-finance have a distinct advantage. Read more here.
December 22, 2022
Multi-family and modular construction
Supply chain issues have driven builders and developers to move beyond traditional methods to alternatives. Like modular. Long considered “less than” other options. While, this article says, there are no real cost savings, use of prefabricated pieces can enhance project delivery times while quality remains high. Read more here.
December 20, 2022
Multi-family and Retail Center Revival
I’ve written before about downtown areas revitalizing business districts by adding housing. Now, no less a group than the Urban Land Institute says that the same can happen for suburban shopping malls and retail centers. Over the last few years, we’ve seen these older, large complexes morph into churches, recreation centers (think Flying Squirrel) and other venues. But, adding housing can give new life to retail, as well. Read more here.
December 15, 2022
Jessica Martinez Wins the Golden Key
Congratulations to Jessica Martinez who received the Assistant Manager of the Year 2022 from the Apartment Association of Greater Orlando. The Golden Key Awards are presented annually, and our entire Sun Lake team was there to support this honor. We’re so proud of Jessica and our teams at every property.
December 13, 2022
Zoning and multi-family
Sure, location is primary, but why and how does a location become more attractive to both developers and residents? Access to shopping, dining and transportation hubs are part of the equation. These things are controlled by local governments advised by planners. Hendersonville, North Carolina, is listening to a California developer who is ready to make an investment in downtown redevelopment there. Read more here.
December 8, 2022
Work is changing - Multi-family layouts have to change, too.
COVID changed a lot about real estate. From management software to security and common areas. Those changes are still coming as business responds to the new normal, work-from-home demands of employees. In our industry, the latest trend is floor plans. Whether they work from home one day per week or all of them, residents' needs have shifted. This article is from Grand Rapids, but they are by no means alone in this shift. Read ithere.
December 6, 2022
Happy Holidays from Lindemann Multifamily Management
December kicks off the annual holiday season. Whatever your faith and however you celebrate your holiday, we wish you health and happiness in the coming month.
December 1, 2022
Multifamily construction on the rise
Real estate is kind of like polling before the election: there are a lot of hand-wringing and doomsday predictions that may or may not materialize. Politics, like real estate is location-based. As interest rates were increased to help manage inflation, there were prognosticators who saw an across-the-board slowdown in real estate. Not so, we now learn. According to the National Association of Realtors, multi-family construction is on the rise. Read more here.
November 29, 2022
Thanksgiving Day
It has been a challenging few years for the entire world. And, for whatever is coming next, it’s good to take a moment to be thankful for having made it through thus far and to anticipate the upcoming holiday season where we can once again (carefully) see friends and family. We are thankful that we have great management and staff at all of our properties. We’re thankful for their hard work and loyalty and thankful that we can all look forward to another year together.
November 24, 2022
Celebrating our leadership team
Each year (Pandemic notwithstanding), we have a property manager’s retreat for Lindemann Multifamily Management’s awesome leadership team. It’s a chance to recognize excellent work, share great ideas and see some terrific properties. This year the team visited Asheville, North Carolina: a lovely meeting place, especially with a guided tour of the Biltmore.
Representing our properties (Sun Lake, The Crosby at Towne Center, One Metrocenter, The Lakes Bellevue, Cherry Creek, San Marcos, Mizner Court, Overton Row, and Sabal Club) are: Gretel, Laura & Aggie, Bailey, Corrine, Jay, Kirsten, Melissa, Teena, Julie, Melissa, Jud, George, and Tim
November 17, 2022
10 Industry Trends
We cannot resist making predictions. Maybe there is a different between predicting the future and watching market trends? Or maybe not.
This article looks at 10 trends in American real estate. Read it here.
November 15, 2022
Installing EV Charging Infrastructure In Condos And Apartments Remains A Huge Challenge
Adding charging infrastructure to communal living is more challenging than it appears. Demand for electric vehicles is growing exponentially, but all those electric vehicles have to be charged. Older properties need to be retrofitted and charging needs to be designed into new construction. There is a cost for the equipment, but there is also a cost for the electricity. The present administration has made electric infrastructure a priority but there is much to be done. This article looks at some of the same issues in Texas. Read more here.
November 10, 2022
Townhomes under construction in Asheville, North Carolina // John Boyle Citizen Times
Asheville seeks solutions for 'missing middle housing': townhomes, duplexes, multiplexes
In yet another form of concern about housing, Asheville, North Carolina is emphasizing developments of townhomes, duplexes, and multiplexes. Ashville calls this missing middle housing. The city is trying to understand if this type of housing will be more affordable and more accessible than single family homes and large apartment or condo properties. Read more here.
November 8, 2022
Indoor-air-quality-management system displayed at the Portland Incubator Experiment (PIE) Demo Day
Technology is critical to the multi-family housing industry, from operational software through resident relationships and, of course, operations. The technology in this article measures indoor air quality to identify issues early and claims to save energy as a bonus! Read more here.
November 3, 2022
Predicting the Multi-family Market Future
Not long ago it seemed that every market report was overflowing with great news for the housing sector. These days, everyone is feeling the shift as the Federal Reserve deals with inflation and the pandemic hangover lingers. This article lists just a few of the issues then explores what market leaders think might happen. Read more here.
November 1, 2022
Biden-Harris Administration Announces Progress in Implementing its Housing Supply Action Plan
Housing has been a growing issue for decades. Finally, thanks to the confluence of the pandemic and the economy and changing values and lifestyles (for some) the feds are finally paying attention. This is a link to the plan offered by the current administration. Read more here.
October 27, 2022
Location. Location. Location. Matters, but the big question is, rent or buy?
This rapidly changing real estate market is being buffered by forces well beyond individual properties or even sectors. Multi-family and single-family holdings are affected. Owners and buyers/renters are feeling it too, from simply out-of-pocket costs to mortgaging. Here’s one take on the rent/buy conundrum. Watch here.
October 25, 2022
Five social media mistakes
Having watched our excellent social media coordinators at a few of our Orlando properties, I can tell you to do exactly the opposite of this. Further, I suggest that you don’t have to hire outside to manage your social media, find an employee who is both enthusiastic about the property and social media. Our initiatives have won regional awards!
Being too impersonal
Avoiding engagement
Not analyzing performance trends
Ignoring updates & new features
Inconsistency
It’s not rocket science. It’s not even social science. It’s relationship development and it takes time. Read more here.
October 6, 2022
Culture starts with people
The culture of an organization resides in the relationships between people. The article says, “When employees, business partners and residents all rally around the same views, there’s no limit to how much a multifamily company can grow.” That’s important, but it’s not that simple. Culture resides in an organization in the administrative processes, as well. Learn about how a handful of executives approach this important quality of life facet. Read more here.
October 4, 2022
Six tips for resident retention
This writer at Multi-Housing News thinks that customer service is the path to retaining residents. She covers these main points:
Touring
Extra Level Care
Resident Investment
Routine Maintenance
Human Connection
Building a Community
Of course, it’s more complicated than that, but this is a good-start list. Read more here.
September 29, 2022
Labor shortages. Competitive markets. Supply chain.
Is modular construction the answer to the need for flexibility? The benefit here is that modular buildings can be developed in less time. They also require less experienced construction crews. That helps developers who are struggling with supply chain disruptions and a lack of skilled labor. Real Estate Journal says maybe so. Read more here.
September 27, 2022
Why adaptive reuse is on the rise in multifamily housing
The article says that 25 percent of all jobs will be remote by the end of 2023. According to the article, “When you change where you work, and how you work, it changes your life.” That, it says, leaves a whole lot of commercial/office property that isn’t going to be used by employees. If office space isn’t needed, but living space is, does conversion make sense? Read more here.
September 22, 2022
Multi-family is doing well
Is multi-family investment a hedge against inflation? This article says these three things make the investment desirable:
Ability to Adjust Rents
Growing Demand
Value-Add
Real estate has (almost always) been a resilient investment. In this rapidly changing market, opportunities abound. Even if you can’t afford an entire building, there are other ways to enter the market, according to this story. Read more from Kevin Vandenboss at Yahoo Finance here.
September 20, 2022
Multi-family beyond the sunbelt
The Midwest and mountain regions are looking good for multi-family investment, according to Northmarq. Urban and coastal areas are showing promise of growth. Here’s some additional thinking about possibilities. Read more here.
September 15, 2022
Despite rising rates, multi-family is still hot
Occupancy rates are high and rents are solid. The latest reports from the National Multi-family Housing Council and the National Apartment Association suggest that there is a national shortfall of 600,000 apartments, and that rent rates are up 12.6% for existing units. It’s a promising market—so far. Read more here.
September 13, 2022
Balancing tech with personal engagement in property management
Technology has replaced a number of the functions of staff, but can they do it all? Hurried along by the pandemic, things have rapidly changed. More people work from home now, but has the industry adapted apply human touch when necessary and desirable? As technology evolves it is imperative to continue to monitor changes. Read more here.
September 8, 2022
Nasdaq Trade Talk Podcast-Why demand is outpacing supply (5 min listen)
Supply. Demand. Yeah, basic economics - but something else is at work now between the pandemic, the supply chain issues, political tensions, and so much more. Inflation, too, which some indicators suggest that new start construction is slowing. So, demand outpaces supply and then what? Listen here.
September 6, 2022
Invest in a Qualified Opportunity Zone: Diversify Your Investments While Creating a Positive Community Impact
Opportunity. We all look for it. The US Government has created a vehicle to allow investors to do well by doing good. Investing your money into Qualified Opportunity Zones allows you to diversify investments, while also impacting your community. We have invested in an opportunity zone for several years now, and can attest to the strength and the great outcomes of this kind of investment. Read more about them here.
September 1, 2022
How apartments are merging technology and pets
Here’s where we are: more people own pets than did in 2020 and this is causing some unfortunate problems for multi-family housing.
One solution: pet DNA registration services identify specific pets for a particular reason, whether it’s identifying a pet owner who left unscooped pet waste in a community or one that lost a dog. Read more here.
August 30, 2022
How Multi-family is adjusting to increasing interest rates
It’s no secret that increased interest rates are decreasing the number of people buying homes, and therefore taking out home loans.
According to the article, “Potential buyers are likely to want to cut the amount they are willing to pay, relative to the income from the property—but it is still too early to tell how much and whether sellers will want to renegotiate.” Is it worth it? Read more here.
August 25, 2022
Making use of data in Multi-Family
With creepy AI watching software coupled with efficient management, this is what is produced. But in this case, efficient management wins for both the resident and management. When do people come and go, and are they safe as they do? How about contact tracing in a health emergency? These data help manage energy consumption, too. Read more here.
August 23, 2022
The Modern Value-Add Approach for Locking in Renters
Location? Yes, but it’s not everything right now. Amenities, service, and high-speed wi-fi can keep tenants in your properties.
Introducing renters by choice: residents who have the financial wherewithal to purchase a home or condominium but instead elect to live the renter lifestyle. Read more here.
August 18, 2022
Are New Credit Concerns Coming to Multifamily?
Credit washing? Seriously? Credit companies “bullied” (I hate trendy terms) into scrubbing bad debt. Who knew such a thing existed? But it does, and as credit checks are run for new guest tenants, owners and managers need to be aware. From fake employers through false credentials, let the leaser beware. Read more here.
August 16, 2022
We can be proud, can’t we?
This year, several of our properties were recognized by their peers for excellence. The Gold Medallion awards in the central Florida area included:
Maintenance Newcomer of the Year - Joshua Williford, Sabal Club
BM Coaching & OPS Mentor - Robyn Atkins, Sabal Club
Assistant Manager of the Year - Eddie Washington, The Crosby
Reputation Management Excellence - The Sabal Club Team
Spirit of Lincoln - Abner Torres Trinidad, Sabal Club
Lincoln to the Core Outstanding Performance - Robyn Atkins, Sabal Club
What they do isn’t always so obvious to untrained eyes, but it always makes a difference! Read more here.
August 11, 2022
Two birds, one solution: Can we solve urban last-mile distribution and housing challenges at the same time?
Before, I have written that we need to think beyond what we have done before to deal with our workforce housing shortage. This writer has an interesting concept, “Is it feasible to design and build a solution that houses both residential tenants and the complex operations of a last-mile distribution center, one that allows them to coexist in the same building in harmony, without the two worlds interfering with or disturbing one another?”
One thing is certain: one solution doesn’t fit all. Read more here.
August 9, 2022
Why local real estate investors are critical to housing affordability
This writer points out that local investors are uniquely positioned to help alleviate some of the housing crisis, particularly for lower and middle-income families.
In a shocking reveal, the writer finds that for every 100 families needing affordable housing, 37 units are available. Flipping, he says, can help locally. He says, “Renovation, repositioning, and refurbishment of workforce housing in some of the country’s poorest areas can help to meet desperate housing needs, and profitability can encourage further development and devotion of investor time and resources.” Read more here.
August 4, 2022
Multi-family housing construction starts plunge in May
Early indications suggest that multi-family construction project starts are down. The report includes properties of five or more units. It’s something to pay attention to, but the report finds that “Nationally, the three-month weighted moving average for permits issued for multi-family housing in May was down three percent from April but was 18 percent higher than May 2021.” Read more here.
August 2, 2022
Construction costs for multi-family rise by half
With interest rates and all the components of construction costing much more than they did a year ago—when they can be found at all-supply chain issues are just the beginning of the rise in multi-family construction costs. Slower construction also increases costs, making it hard to find and keep labor. The bottom line is that these costs will be passed on to buyers increasing housing costs for everyone. Read more here.
July 28, 2022
Multi-family housing projects in Bradenton, Ellenton, and Lakewood Ranch move forward
Multi-family developments are, of course, not always workforce housing. Elected officials in Manatee County, Florida, have approved new projects that serve various needs. It’s pretty clear that all kinds of housing are needed virtually everywhere. Read more here.
July 26, 2022
The ‘time-honored tradition’ of opposing affordable multi-family housing in US cities
We read a lot about the need for affordable housing, but typically, existing neighborhoods don’t want to live near “affordable housing.” Zoning is critical, and acceptance is desirable, but types of multi-family housing is also an issue.
This article includes a discussion of “co-living” properties in which unrelated adults share living space, for example, a home that has been remodeled to accommodate separate spaces. Affordable housing is a huge challenge and we must move beyond what we’ve done before to meet the challenge. Read more here.
July 21, 2022
Big landlords jump into the homebuilding as demand for single-family rentals surges
Single-family rental home construction has increased 63 percent from a year ago. As people have more flexibility in work, they seek different accommodations. Even though single-family rental residences represent only five percent of the market, it will likely grow as people look for bigger spaces with access to recreation. Read more here.
July 19, 2022
Why there’s so much new multifamily construction right now
While demand for single-family homes remains high, demand for rental units has been increasing, too. There is a lot of construction and it’s happening in suburbs and exurbs, too. It’s happening despite supply chain and labor issues. This writer, Justin Ho, expects that as more inventory is added to the market, rents will stabilize. Read more here.
June 27, 2022
Is Now the Time to Invest in Multifamily Real Estate?
The Motley Fool writer Barbara Bellesi Zito claims three key things to be considered:
The tight housing market is forcing many to remain renters longer, some forever.
Rents are high and are vacancies low
Adaptive reuse is good news for the housing market and investor bottom-lines
In a word and in answer to her own title: Yes. Now is a good time to invest. Read more here.
June 24, 2022
Three Tips to Attract and Maintain Quality Property Managers
It’s been major news as of late that many businesses are struggling to fill positions. Retail, restaurants, office work, and, yes, property management. The best advice from this author is to hire smart, then work hard to keep your good people. Here are 3 tips on how to do that:
Property Differences: Take note of how your property differs from others and what sets it apart.
Company Values: What makes your property or company a great place to work? How can you make sure these are known publicly?
Maintaining Relationships: Once you’ve hired the right talent, make sure that they know they are valued and appreciated.
Read more here.
June 16, 2022
Multi-family moves: Innovative Property Management is Here to Stay
The COVID-19 Pandemic changed a lot for all of us. We may not have reached “the new normal” yet, but one thing that is going to stay, and likely advance even further, is innovative property management. Leveraging technology including leasing and prospective resident brochures, enhancing accessibility, digital communication, and so much more. Contemporary multi-family housing management is here to stay. Read more here.
June 14, 2022
How Biden Administration’s Housing Action Plan Impacts Multifamily
The housing market has been tight. After that year of lockdown and another of uncertainty, this year is one of change. Needs are changing. So are amenities. Biden’s plan is a good start, but several industry experts say that local and state legislation can enhance provisions in the plan. Read more here.
June 10, 2022
Indiantown High School taking applications for first freshman class at Indian River State College charter school
Success may start at home, but there’s no question that good schools help build communities. We’re developing a rental community in Indiantown, Martin County. Indiantown is a newly-formed city making choices to create the kind of community they want. Access to quality education is a solid step for everyone. Read more here.
June 7, 2022
Overton Row Wins Big
Congratulations to the staff at Overton Row in Charlotte, North Carolina for earning industry recognition for your great work. At the Southeast Mid-Atlantic Gold Medallion event, Overton Row was recognized for their engaging social media program, and Christine Wallace received a Century Club Award for 100 net leases. A great team, a great place to live, and great results to prove it.
Mid-Atlantic Social Media Award 2021: Amy Ford, Christine Wallace, Sarah Hirsh, & Kristina Lally
Century Club for 100 net leases in 2021: Christine Wallace
June 2, 2022
How AN infrastructure bill could boost apartment development
Funds have poured into local governments from COVID-19 response legislation and the infrastructure bill. Good infrastructure supports a vibrant development context for roads, transit, railroads, bridges, airports, and new buildings. They add value to nearby multi-family properties as well. Read more here.
May 31, 2022
The Natural Disaster Threat
It’s no secret that climate change has made the weather crazy. From bigger, stronger and more frequent tornadoes and hurricanes, to earthquakes and sinkholes, Mother Earth has been on a tear and shows no sign of mellowing any time soon. How we make our communities more resilient has the effect of reducing loss in case of disaster, but also, in some instances, improves operational efficiency. Read more here.
May 26, 2022
How Work-from-home has changed multi-family Housing
Amenities, more space (or at least the feeling of it), soundproofing, reliable high-speed Internet.
The list goes on because when a person is spending the bulk of their time in their apartment, they need to do it without suffering claustrophobia, feeling trapped, or listening to their neighbors. With data taken from the Renter Preferences Survey from Jan 2022 through the National Multifamily Housing Council, we see a major shift in what renters are now considering to be non-negotiable. Read more here.
May 24, 2022
How Multi-family Design is Going Evergreen
More developers and builders are turning to sustainable construction. Materials, products, and design are just some of the facets that are turning green. Appliances are part of the equation, too, but their efficiencies are required by the government. No matter what, the turn to sustainability inside and out is a good one. Read more here.
May 19, 2022
Four Keys To Assembling A Strong Property Management Team
Experience, Communication, Customer Service, Good Contractors
That’s the list according to this writer, who also says that owners have roughly three paths:
Do the work of ownership/management yourself
Engage a property management company
Assemble a team to handle property demands.
Read more here.
May 17. 2022
What Impact Will Short-Term Leases Have on the Multifamily Sector?
It’s year three of the great changeover. We’re already seeing that work-from-home seeking greater leasing flexibility. Last September, short-term rental demand was up more than 100 percent. If trends continue, the story says 20 percent of workers will continue from home, embracing a new kind of freedom. Still, short term leases can benefit property owners, too. Read more here.
May 12, 2022
Baseline Energy Efficiency Standards Update for New Federal Commercial and Multi-Family High-Rise Residential Buildings
The Government Accountability Office has prepared an analysis of new energy efficiency standards for commercial and multi-family high-rise properties. According to the report, the Department of Energy estimates that this will result in about $32.7 million in increased equipment costs per year, while the estimated annual benefits are $52.5 million in reduced equipment operating costs, $19.1 million in climate benefits, and $18.1 million in health benefits. Costs and benefits. Read more here.
May 10, 2022
Every Multifamily Marketer Should Begin With On-Page SEO to gain Traffic to Their Websites
This is really great advice, and the author provides step-by-step instructions on how and why. The most important “why,” though, is that using search engine optimization (SEO) to boost your property or multi-family website in search results will help to improve your rankings. You want to be listed as high in rankings as possible. Read more here.
May 5, 2022
Monetizing Invisible Data Revenue
Digital Dust. Data mining. By any other name it’s a way to understand and track the online behavior of tenants and prospects. The author concludes that, “Data has become a highly valuable asset, and over the last few years, data volumes have grown massively. Businesses that leveraged data to better understand their customers and improve their decision-making are the ones that are outperforming everyone else.” Read more here.
May 3, 2022
Automation in Leasing: It’s the Future.
Automation technologies help simplify and maximize the leasing process for both customers and management teams. Satisfaction continues to grow. The writer says, “Automation coupled with CRMs (customer relationship management software) has been one of the most influential tech combinations when it comes to attracting, engaging, and retaining new residents.” Automation provides opportunity to communicate directly with possible residents then continues to communicate with them after they move in. It’s efficient and effective. Read more here.
April 21, 2022
Self-Service Technology Has Become Mainstream in Multifamily Housing - Renters Demand Instant Everything
The author thinks that chatbots, already in use to answer applicant questions, assist in operations and serve residents. Driving this, he says, is Millennials who have no aversion to chatbots, interacting with them daily. They like instantaneous everything. Generation Z lives online with 89 percent doing banking exclusively online. Chatbots have moved from nice-to-have to must-have technology while COVID raged. Beyond trend, this is going to be a way of doing business. Read more here.
April 19, 2022
Social Media for Multi-family
Social media marketing can be a cost-effective way to attract new guests. This article suggests five quick steps to jump start (or expand) your outreach. The writer says concentrate on photos and videos and be ready to pay for promotion. We’ve found that social media also helps build community, which is always great for marketing. Read more here.
April 14, 2022
The Sabal Club Community takes home Reputation.com 800 award
The Sabal Club community has been recognized by Reputation.com’s 800 Award. We’re proud of this wonderful community, the staff, management, and residents that make it a great place to live.
Here are some of the highlights at the Sabal Club Community:
845/1000 Score
87/100 ORA Score (highest scoring community in the region to date)
80% Renewal Rate for the month of January
In addition, three Lindemann Multifamily properties were recognized including One Metrocenter which received 868 points, The Lakes Bellevue with 824 points, and Mizner Court with 800 points.
We are so proud of them all. Read more here.
Indiantown
A new, charter high school with the help of a $10 million anonymous donation and the support of the Board of Trustees and the Martin County Commission. The school will focus on career and technical education. Surely our new single-family rental community will provide a great place to live right near a great new school. Little Indiantown is making all the right moves. Read more here.
April 5, 2022
Single Family Home Rentals: All About the land
Single family home rentals are being written about a whole lot. We are building a single-family rental community in Indiantown, Florida. It's all about the land. Read more here.
March 10, 2022
Finding growth in affordable housing
Workforce housing. Affordable housing. Housing by any other name fills a critical square for employers and employees. The cost of everything is rising affecting available inventory and the development of new product. Read more here.
March 2, 2022
Are banks ready for another boom?
Banks are peering into the future and see higher interest rates. All the same, the banks have necessary liquidity to support the commercial real estate market. Stimulus money bolstered deposit growth while loans have not grown. Read more here.
February 23, 2022
Does Bakersfield, CA speak for the rest of the country?
Not every expert sees continual expansion for the multi-family market. Inflation, interest rates and construction costs will affect projects. While talking specifically about the Bakersfield, CA market the concerns could apply across the country. Read more here.
February 18, 2022
Like other economic sectors, labor is an issue.
Remember location, location, location? The new watch words are labor, labor, labor. Worker and materials acquisition will affect new and existing properties in the coming year. Read more here.
February 8, 2022
Multi-family remains strong, but…
A continued strong market forecast with some choppy waves is expected in 2022. The National Multi-family Housing Council held their annual event in Orlando, Florida in January and concluded that the market will likely remain strong while preparing for challenges like labor shortages, increased interest rates, and changes in resident preferences. Read more here.
February 2, 2022
Marcia Edwards, Business Manager of The Addison, one of our properties in Orlando, recently won a Golden Key award from the Apartment Association of Greater Orlando award for her social media work.
The most important ingredient to her success? Enthusiasm. Month over month our Instagram gains impressions. Marcia makes videos of the properties, the residents, and the maintenance crew, posting every day. Contests like best Christmas door decorations or cutest pet punctuate her daily posts, along with how-to videos like how to change your filter and good-to-know tips like finding and returning a shopping cart to a nearby store (and reminding residents that carts need to stay with the store). We proud to have Marcia and other committed staff at our properties!
January 26, 2022
Renting during coronavirus has changed the market significantly. The pandemic has boosted rental prices in virtually every market, but it’s done something else, as well. Yes, the prices are due to supply and demand and exodus from urban centers. However, the report in the story notes that month-to-month leasing is increasingly popular over amenities and other perks. This is being driven by the renter side since owners typically prefer long-term stability. Still, an interesting story. Read more here.
October 28, 2021
How Multifamily Marketers Can Make the Most of Social Media Engagements
Strategies for reaching tech-savvy, sophisticated Gen Z renters.
Gen Z is tech-savvy, diverse and well educated. A survey by the National Apartment Association found that 94 percent of Gen Z said that internet connection inside the apartment is a significant factor in choosing where to live. You could say that Generation Z is addicted to social media, as they spend about 4.5 hours per day on various social platforms. In this context, multi-family marketing needs to know where these potential tenants can be found and how to engage them. This article provides some ideas. Read more here.
October 21, 2021
How Flexible Work Arrangements Will Impact Demand For Multifamily Amenities
Last week the news was about renters wanting more space, dedicated workspace for their remote working. This week, the talk is amenities. This article lists a number of things to consider in this new post-COVID world. People will need enhanced connectivity including high speed building wifi, teleconferencing and smooth wifi transitions with devices. Common areas and units need to be reconsidered. Features like flex-space or mixed-use amenities space will appeal to renters. With wellness a priority, properly equipped fitness centers, space for yoga, running/walking paths and even grilling provide access to a balanced life. Finally, working from home will require well-lit space and more insulation (for quiet). And that’s not all. Read more here.
October 14, 2021
Multifamily Design Adapts To Changing Work/Life Patterns
Before COVID, the apartment or condo was a sanctuary, a place to relax away from work, but according to this writer, that has changed. Coronavirus has jump-started the era of remote work. Now, renters of all ages are considering work from home space. As employers are more flexible about time and location, this will likely continue. Across the board renters of studios, one and two bedroom units want more space to accommodate a dedicated workspace for remote work. Read more here
October 7, 2021
More Than $40 Billion in Federal Rental Assistance Remains Unclaimed
Just over $4 billion has been distributed of the $46 billion allocated for renters and landlords. Some owners say there are too many strings attached to the money like preventing them from ousting difficult tenants. Then, there is the paperwork. Florida has expended two percent while New York scores none. There are clearly many issues and complexities surrounding federal rental assistance programs. Read more here
September 30, 2021
Multifamily construction picks up in smaller cities
In the wake of coronavirus multi-family construction in smaller cities and suburbs has grown. According to this report, residential multi-family construction grew by more than 14 percent in small metropolitan cores. In small metro urban core growth surpasses 25 percent. Covid-19 has had a very real impact on real estate trends across the country. Read more here
September 23, 2021
THE HIGHS AND LOWS OF MULTI-FAMILY
According to this writer citing Realtor.com 44 of the 50 largest metro areas broke records for prices. In 2021, there are apartment shortages across the country and rents are climbing at the fastest rate in decades, says Real Page. On the other hand, renters are being squeezed out of less expensive properties, leaving housing deficits for everyone. The housing industry, owners, managers, and government need to collaborate for solutions that work for everyone. Now is the time to pass effective, common sense housing legislation. Read more here.
September 16, 2021
Healthy, Wealthy and Wise - Boomers move to senior living
Throughout their entire lives Boomers haven’t just wanted much, they wanted more. That hasn’t changed as they transition into senior housing. They want all the amenities and then some, both the developed (Pilates workout spaces) and social (think wine and craft beer tastings). The luxury senior lifestyle market is growing and these seniors don’t just want the amenities, they want green, sustainable homes near and accessible to nature. Creating green, sustainable living environments for seniors will be vital moving forward. Read more here.
September 7, 2021
Single-family home rents spike amid strong multifamily comeback
Multi-family housing rents grew $12 in May 2021, nearly one percent over the prior year, according to Yardi Matrix which provided comprehensive market intelligence tool for investment professionals. Growth based on demand continues to be hot in both metro and non-metro areas. A multi-family property investment continues to be a smart choice. Read more here.
September 2, 2021
A new report suggests that the market for multifamily green building is declining. This is related to general market shake up during the COVID pandemic. The report also found that “green” will recover by 2023. I think it will recover and gain even more market share. Reducing greenhouse gasses, reducing energy use, water and energy efficiencies are significant to owners and residents alike and additionally will result in eco-friendly tourism. Read more here.
August 6, 2021
If COVID didn’t get you sick, you’re probably sick of hearing about how it put everything on hold for 16 months. Except it didn’t. Throughout the pandemic, multi-family investments held value especially outside the urban areas, in part because of COVID-19 federal relief aid and programs. Read more here.
July 29, 2021
In LA, downtown has not lost its luster according to the Business Journal. Rents are rising, despite construction, product is tight as it feels like a housing shortage is gripping LA County. This is good for multi-family property owners and investors and may point to a more national trend in urban centers. Read more here.
July 22, 2021
According to Globe Street, multifamily property investment is driving the boom in commercial real estate. This sector has liquidity in the market, citing investment management firm Jones Lang LaSalle(JLL). As the pandemic subsides and the single-family housing market continues its boom. Read more here.
July 15, 2021
Investments in multi-family properties can be either active or passive investing. Active investors do the work, there are dozens of things to be done from finding the property to finding and qualifying tenants, and those are probably the easiest among them. Passive investment still has to get all that and more done, but typically it’s done by a real estate investment company. Finding the right one can be a challenge on its own. Read more here.
July 8, 2021
Commercial properties can qualify for PACE programs. Commercial Property Assessed Clean Energy (C-PACE) financing benefits owners and residents alike. It’s a win-win-win situation for the property, the residents (who pay lower energy bills) and for the environment. It can be a competitive advantage. Read more here.
July 1, 2021
Single family rentals have taught multi-family properties a few tricks. Smart door locks, scheduling systems and connected thermostats are among the strategies used in both to the satisfaction of renters, owners and their representatives. Read more here.
June 24, 2021
COVID-19 has brought a lot of changes, the thing to consider is, what is temporary and what is here to stay?
The writer says that the temporary category contains:
Flight from urban core
Household consolidation
Employment (which is already improving)
Here to stay?
Migration to the sunbelt
Increasing single-family rentals
Leasing technology
While it might not seem volatile, the real estate market is shifting. It’s important to be aware of trends.
June 17, 2021
According to this writer, younger renters tend to rent longer. Then again, it says, 25-40 year-olds face significant challenges to buying a home. While the story is focused on Michigan the lessons apply across the board. The Coronavirus (COVID-19) forced changes in the multi-family real estate market in terms of lifestyles and amenities. Read more here.
June 10, 2021
The past year, with the Coronavirus, has rocked the real estate market. This article talks about deals, competition, debt, returns and more. Of interest, the writer suggests that large deals are being overbid. Read more here.
June 3, 2021
Remote work has changed a lot and it’s pretty clear we’re not all just “going back to normal” after COVID passes and it’s safe. According to a Gallup survey the majority of remote workers today are millennials, aged between 25 and 44 today, and 74 percent do not want to go back to the office full time, reporting that they are more engaged while working from home. Improved engagement is one of the benefits of working remotely.
There are aspects of work-from-home that were good for employers and employees. It will take some time before we really understand it, but in the meantime, multi-family property investors and developers need to think through what this new (home) work environment will need beyond a space to work. This article suggests that flexibility and accommodation will be critical, but that’s no big change. In this new environment what is?
May 27, 2021
Apartment residents and property owners will receive direct and indirect benefits from the $1.9 trillion Rescue American bill passed in February. Rent assistance due to COVID is among the most critical, arguably. Beyond that, funds dispersed to local government can be leveraged to keep people in their homes. This is beyond checks-to-consumers. It’s not perfect, but it is good for multifamily home residents and owners. Read more here.
May 20, 2021
Habitat for Humanity is thinking big these days, building the largest multi-family project ever (for them) in New York City. While Habitat is knowns as a favorite charity of former President Jimmy Carter, it’s also known for building single-family homes with required sweat equity for those who want to find a home through them. Over the years, habitat has changed with the times adding green and multi-family green housing. Now, they are bulking up with the biggest they’ve ever done. The news doesn’t say how the property will be managed, who will be responsible for maintenance or what it will cost. Read more here.
May 13, 2021
Evictions during COVID are an emotional subject. Even without the pandemic residents, owners and property managers struggle with what to do and when. Beyond the big economic impediment of COVID, individual renters can be hit hard times, like the woman in the story. From a business standpoint, no one wants to lose a valued resident for a situational issue like COVID or medical or other issue. And, there are rules in place for owners and property managers who accepted federal bridge funds to get everyone through the worst of it. Then again, there are renters and property managers who’ve taken advantage of the rules and worked the system.. Where a little compassion and compromise are called for, it should be explored. Read more here.
May 6, 2021
The rising popularity of property technology is a strong driver for change in the multifamily sector, propelling us swiftly on a path to a more human-centric, thoughtful future for building ownership, management and residents alike. Technology is part of providing seamless, high-tech building services. The use of technology in property management is here to stay. Read more here.
April 29, 2021
While the numbers aren’t solid, it appears that some major cities have seen residents exit cities in favor of housing outside the urban core and to suburbia. Does this mean that multi-family now has new opportunity? At least one company in Boston thinks so. Read more here.
April 22, 2021
In the last year many businesses adjusted quickly to the pandemic threat, allowing employees to work from home. For single-family residents, it was a mental shift, for multi-family residents, the changes were mental and physical. Before the pandemic roughly 12 percent of the country worked remotely. During the pandemic, the remote work trend started it shot up to 35 percent. Some of this will be permanent. The question is, how will this affect our own employees? Read more here.
April 15, 2021
The real estate industry is worth $18 trillion and real estate contributes to 13 percent of gross domestic product for the United States so when there is a shift in the market, it’s not just real estate that is affected. And, this year’s the tectonic plates of our world shifted. The industry is evaluating the shift from urban multi-family residencies to suburbia. The answer is, it depends. Read more here.
April 8, 2021
Most successful business people read a lot. Truly most successful people read. I read history (been a fan since I studied it in college.) Maybe you don’t have to read to be successful, experience matters in every profession, but reading can help. It can show you how, it can mark the ptifalls, reading about the industry can help you understand the big picture and the operations. To help you along, here’s a list of the best real estate books on investing and commercial real estate from Bankrate.com. Read more here.
March 25, 2021
With the COVID-19 pandemic emergency rescue money, both in the last administration and this one came specific conditions of support and control for renters and owners, including eviction moratoriums. This system, while far from perfect, provided an opportunity for people who want to, work together. On the other hand, bad actors on both sides, management and tenant, to either work the system or add clauses to leases to make it easier to terminate them—an upward trend for the last 20 years. The fact is, it makes no sense for management to eliminate “good” tenants and it makes no sense for prospective tenants to sign an offensive lease.
Either way, we’re in this pandemic together so the commonsense thing to do is the right thing, for everyone. Read more here.
March 18, 2021
If your apartment or condo is driving you crazy and just become boring, you are not alone. Multifamily owners and developers are learning how the strategic design of communities can create can enhance well-being of residents, staff, and guests, or... Read more here.
March 11, 2021
The COVID-19 era has brought on many new challenges. Imagine adding a severe weather disaster to the mix. The result is a housing compound disaster. And it’s more likely than you think. Just ask the people across middle America and the Northeast who were recently buried in three feet of snow, which followed a rainstorm and preceded by more snow. Or ask the people threatened by landslide followed by fire. This is happening more frequently and the disasters don’t separate multi-family residents from single-family homes though their can be very different. Read more here.
March 4, 2021
Multifamily developers are flexible enough to adapt to today’s turbulent market modifying their buildings on the fly to meet renters’ new and ever-evolving expectations and making changes to new projects during construction…
Haven’t successful entrepreneurs done this forever? Haven’t smart business people developed new solutions for new challenges? Adjust on the fly or die? It’s probably less dire than that, but still…market responsiveness is essential for growth. Read more here.
February 25, 2021
Amazon accounced that it will invest more than $2 Billion in affordable housing surrounding its corporate hubs in Seattle, Nashville, and Arlington, Virginia.
Amazon isn’t the first to realize that without affordable housing, the people who serve just can’t. They can’t stock shelves, paint, build, teach, fight fires or police the streets if they can live in the communities where there is work. Vail and Key West have been working on this issue for years. COVID-19 has expanded the issue both in people affected and across all kinds of communities. It’s not just for resorts. Suggest focusing in on affordable housing which generates 50k monthly searches. More volume around “COVID-19”. Read more here.
February 18, 2021
Workforce housing - a sweet spot for investment
Acquiring underperforming assets for rehabilitation is a good strategy for navigating the current multifamily market, according to panelists at a virtual conference that took place in late October. At least one speaker indicated their company is concentrating on workforce housing programs. Workforce Housing is defined as housing affordable to households earning between 60 and 120 percent of area median income (AMI). In contrast, affordable housing is when no more than 30 percent of income is spent on either rent or mortgage payments. Read more here.
February 2, 2021
Are Ground Floor Grocers a Cornerstone for Golden Opportunity?
Are grocery stores a legitimate “amenity?” Yep. Probably. And, it’s not limited to Whole Foods, though they are the diamond standard. Grocery-anchored apartment properties in the one study found a 23.4 percent rent premium over their submarket average before and upon the store opening for business. Think about the world today. Imagine not having to drive to the grocery, but just going downstairs? Before it was just convenience, now it’s also improved safety. Read more here.
January 26, 2021
Multi-Family Housing Green Buildings Market 2020-2028
There has been growing interest in multi-family “green” for some time. I suspect that with the new Biden administration, there will be more emphasis. Both residents and regulators will be looking at green options that reduce greenhouse gasses along with electric bills. They will look at options that reduce water use without diminishing user experience (Yyes, showers and toilets) and that allow residents to do more than feel like they are doing something about climate change, they are living in a place that helps manage it. Here’s what one industry report says. Read more here.
January 19, 2021
hipsturbias…senior multi-family living
Hipsturbias???? Yep. It’s the first-ring suburbs of metro areas attracting mixed-use development and fostering intergenerational living and a top real estate trend heading into 2020. COVID disrupted the trend (like it disrupted virtually everything else) but even so, it appears to be gathering steam again. Sociologists and designers agree that this living arrangement provides benefits that far exceed housing. Creating hipsturbias may be the way of the future. Read more here.
January 12, 2021
Multifamily rent trends are back on track
Multifamily rents have fallen along with rentals. Still, some prognosticators say that even so, things are looking like they can get back on track. The industry is behind, but not that far behind…. Read more here.
January 5, 2021
Ten new trends in multifamily housing design
Developing a community in isolation sounds like a contradiction of terms. It’s also not what people do naturally. People want to congregate so how will apartments and condos and lofts have to rethink to let communities commune while keeping people safe? Here are some thoughts on interior design trends for 2021 from one forward-thinking architect. Read more here.
December 30, 2020
It’s one thing to be isolated at home during the pandemic. It’s a different thing if you live in a multi-family complex or own one. Yet, concerns about safety are exactly the same: keep people healthy and safe from potential coronavirus transmission. This week the American Institute of Architects issued guidance to manage risk. Read more here.
September 24, 2020
Here’s the future for apartment amenities and condo living: More flexible spaces, stronger connection to the outdoors. There will be rethinking of shared amenities, too. Owners need to monitor the industry and listen to the residents. Read more here.
September 17, 2020
Even before the pandemic, leasing offices were trending smaller and reducing paper in the process. COVID19 has accelerated the process. Globe St. claims that this trend could make leasing offices a thing of the past for multi-family properties. What happens when we take people out of the process and move further toward lease automation? Read more here.
September 10, 2020
Whether a multi-family project caters to empty-nesters or Millennials, they are going to share some qualities. Work/play has been a demand for years now, but the coronavirus has put a whole new face on it. More time at home means spaces need to be flexible. And accessible. People need, well, they want to be able to socialize during the pandemic (now safely with social distancing in place) and they want to be outside. Watch for changes to come. Read more here.
August 27, 2020
The coronavirus has changed the multifamily real estate market in ways that will last—urban to suburban, flexible space, easy-to-clean and accessible to outdoors. We’re spending more time than ever at home. Multifamily living is already changing. We have to listen to the market and we have to build accordingly. Read more here.
August 20, 2020
Seventy-two percent of Millennials live in apartments and they like it that way. They are the largest, living generation so multi-family development and lifestyle will be driven by what they want and what they need. Technology driven, they open doors and start cars with their phones. But that’s just the beginning of Millennial real estate. Read more here.
August 13, 2020
A new report suggests that the market for multifamily green building is declining. This is related to general market shake up during the COVID pandemic. The report also found that “green” will recover by 2023. I think it will recover and gain even more market share. Reducing greenhouse gasses, reducing energy use, water and energy efficiencies are significant to owners and residents alike and, green building is good for the environment, too. Bonus! Read more here.
August 6th, 2020
Like the rest of our economy, multi-family properties have felt the consequences of people being out of work for an extended time. Still, investing in multi-family properties is a sensible long-term investment. We find that by working with our residents we’ve not faced some of the worst outcomes. Hopefully, recovery, when it comes and it will, we will all share in it. Read more here.
July 30, 2020
The coronavirus real estate market is tight. The lock downs brought new building to a virtual standstill. When properties are put on the market, they are going quick and often above listing price as buyers have fewer and fewer choices… Even though building has restarted, it’s slow-going as companies (and people) consider their exposure. Read more here.
July 23, 2020
More and more our homes (apartments, condos) have become places where we live, work, play and socialize. The Great Quarantine underscored this for all of us… colors, lighting, sound, and even public areas are getting a re-look. Residents may want a “green” home option or one primarily designed for live/work… Market demands are changing and demonstrating how developers and owners need to make sure they stay in touch with the market and with their existing tenants. Read more here.
July 16, 2020
The old rent vs. buy debate. Low interest rates might make buying a new house more appealing….but in a larger sense people are still turning to rentals for greater flexibility in living circumstances. And Millennials? They don’t want to be tied to a specific geographic location, necessarily. It could be work or just the romantic notion of wanting to “try someplace new.” Read more here.
July 10, 2020
This is good news for Orlando properties. Orlando is lower cost than South Florida, and the house prices are obviously cheaper. The distance from the ocean (about 100 miles) means less insurance and water intrusion risk. Orlando is a great place for you northerners! Read more here.
June 11, 2020
A Wave of ‘build for rent’ communities coming to south florida | Fort Myers Florida weekly
Another interesting article on homes for rent. The ideal size of a community is not yet flushed out, as the model is new. We prefer larger communities because they enjoy economies of scale. One engineer can handle many residents. With smaller complexes the overhead becomes too costly. This is all fascinating and then of course, there is the undetermined COVIDeffect. Read more here.
June 9, 2020
Amid the covid-19 crisis, single-family homes may be the smart investment
It’s hard to tell where the coronavirus will take real estate investments decisions. In the last economic downturn, many investors turned to single-family homes to rent. Given the instability of economics overall, maybe this is just a blip or if it’s a restart on the last investment cycle.
June 2, 2020
Mosby cool springs recently closed
Another strong sale in the Nashville area. This property is near our Viera Cool Springs apartment complex. We purchased Viera six years ago and are thrilled that the area is growing in a methodical, yet strong pace. The town council is pro growth, yet they have a master plan and have done the hard work in forecasting where the right types of development are needed.
February 24, 2020
Taking Advantage Of Multifamily Real Estate
There are lots of benefits to multi-family properties ranging from a steady income stream to the cost of maintenance (as opposed to single-family homes.) Multi-family properties tend to appreciate, too. Even in sketchy economic times, multi-family properties may increase in value and in monthly income. But there are risks, too. This article outlines some of them as well as providing some insight as to whether multi-family may be right for you.
March 16, 2023