Housing production in St. Paul, Minn., has deteriorated to levels not seen since the recovery of the Great Recession nearly 15 years ago. The Pioneer Press cites data from the U.S. Department of Housing and Urban Development (HUD) that shows building permits are a fraction of what they were a year…
Industry Insider
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Greystar Enters Two New Markets
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Greystar is expanding its Marlowe by Greystar brand. The real estate company announced Marlowe Palomar Heights and Marlowe Naples in September, both new areas of operations. Marlowe Palomar Heights is the first of its brand in California, with move-ins expected this fall.
“Marlowe Palomar Heights…
Loyalty and Rewards are Key to Attract Residents
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Residents are searching for the best experience possible when it comes to living in rental housing. New data from RealPage shows residents want similar consumer experiences in their community offerings. According to the report, 96% of respondents belong to at least one loyalty program, but only 16…
HUD, President Biden Celebrate 50 Years of Assisting Families
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Department of Housing and Urban Development (HUD) Acting Secretary Adrianne Todman has been traveling the nation with stops in North Carolina and Wisconsin to discuss lowering housing costs, eliminating housing barriers and growing supply. This surrounds the celebration of the 50th anniversary of…
QuadReal Expands in Four Metros
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QuadReal Property Group is 1,400 units larger after acquiring four Class A communities. The company announced the transaction in August and that it would lead the operations, leasing and capital investment in the property—property management will be outsourced.
“Multifamily residential is an area…
Budget Impacts on High-Rise Operations
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FirstService Residential is taking a deeper dive into high-rise operations. Its inaugural BENCHMARK reviews insights regarding amenities, insurance, maintenance and staffing and how these areas impact rental housing. There were two major trends found: New legislation following the collapse of a…
Lack of Tech a Dealbreaker for Some Residents
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Nearly three-fourths of residents somewhat or strongly agree that advanced technology can sway their decision-making when it comes time for choosing their next rental unit. According to a new resident experience survey from Capterra, 48% of residents also reported not having access to tech at their…
Renter Population Outpacing Homeowners
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The cost of owning a home is impacting the greater population. Redfin reports the number of renter households grew by 1.9% in the second quarter of 2024 compared to homeowners, who increased by 0.6%. According to the study, asking rents are up 23% from before the pandemic compared to mortgage…
Equity Residential Acquires 11 Properties
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Equity Residential is growing is footprint in three metros. It was announced in August that the company agreed to acquire 11 properties from Blackstone Real Estate in separate transactions.
The new portfolio has 11 communities totaling 3,572 apartment units that are eight years old, on average.…
NAA’s Eviction Moratorium Lawsuit Moves Forward
By Mark Poist | | Updated
On August 7, 2024, the U.S. Court of Appeals for the Federal Circuit (Court of Appeals) overturned the U.S. Court of Federal Claims’ dismissal of Darby Development Company Inc. v. United States in a 2-1 decision. The case, brought by several rental housing providers, seeks to determine whether the…