Developers Pop the Cork on Top-Shelf Amenities
Aug. 27, 2014
Looking for the latest trends in apartment community amenities? Look no further than Dallas-based Trammell Crow Residential (TCR). Read more.
MAXIMIZE Session Inside Look: Data Analytics Strategies
Aug. 20, 2014
Will multifamily eventually become a big data industry? With millions of units in play and terabytes of prospect, lease and resident information lodged in our disparate systems, the promise of big data and actionable analytics seems to be a real one, even if our transaction velocity of 12-15 months pales compared to the airline, rental car, restaurant and hotel industries that close thousands of deals daily. Read more.
Pure Energy: Saving Millions on Apartment Operating Costs
Aug. 14, 2014
Take a quick guess at what the United States Department of Housing and Urban Development (HUD) spends 13 percent of its annual agency budget on. Here's a hint: the line item adds up to $6.4 billion. Give up? That's the amount the agency foots for operating costs attributable to energy and water consumption at the nation's public and assisted housing communities. Read more.
Resident Friendly Ancillary Revenue
Aug. 6, 2014
Incredible rent increases won’t last forever. For asset managers, the inflexion point when market rents plateau is often accompanied by a pivot into ancillary revenue opportunities. In fact, smart multifamily operators are already re-examining fee structures, charge-backs, and creative ways to pass a portion of community management costs respectfully through to the renter. Read more.
Video: Technology-Based Opportunities at Maximize
July 30, 2014
If you’re reading this, you’re probably like me: you love multifamily real estate, and even more, love the things that make it run. For asset managers, the technologies available to move the needle of property performance have come a long way. Consider that just 15 years ago, being technically adroit in multifamily meant knowing how to run cable lines and hardwire assets behind the wall. Read more.
10 Reasons Value-Add is an Apartment Managers's Number One Job
July 24, 2014
With all of the new apartment supply hitting the market, it’s no surprise investors not in the merchant building game are turning tovalue-add rehab opportunities in multifamily. In fact, repositioning is so hot in the disposition space, forward pricing on class B value-add is practically approaching class A apartment real estate, with sub-five cap rates popping in major markets across the country. Read more.
Can You Run New Multifamily Assets Like a Spaceship?
July 23, 2014
Multifamily development is back in a big way. With all of the advances in building systems and technologies, apartment asset managers might wonder how sophisticated the new communities coming online are from an operational standpoint. Read more.
Top Challenges for Multifamily Asset Managers in Today's Deal and Development-Driven Economy
July 24, 2014
Underwriting isn't what it used to be. Case in point: this humorous video from Steve Lefkovits on where deal flow might be taking today’s multifamily asset manager. As co-producer with the National Apartment Association of Maximize: 2014 Multifamily Asset Management Conference, Lefkovits explains that—regardless of how high rents grow or how low cap rates drop—the emerging class of multifamily asset managers, pricing professionals, data analysts, and operations professionals will be ultimately tasked with creating value from the estate. Read more.
Is Multifamily Asset Management Ready for Big Data?
July 17, 2014
This October marks the launch of Maximize: the 2014 Multifamily Asset Management Conference, the industry's first event singularly focused on apartment asset management and value-creation from multifamily communities. From revenue management to predictive analytics, business intelligence, environmentally sustainable building, utilities management and building performance, Maximize is dedicated to providing full insight into the tools, techniques and tactics for today’s asset manager to gain NOI improvement through savings and new revenue. Read more.
Contemplating the Opportunities of Asset Management
July 9, 2014
In planning for Maximize: the 2014 Multifamily Asset Management Conference, we recently came across a rather compelling property. Purchased out of auction in September 2012, the 404-unit property just completed an $85 million renovation, and is preparing to implement a web-based customer service portal shared by the other 60 properties in its portfolio. Read more.
Learn How to Maximize Your Assets
June 25, 2014
Word is out about the apartment industry’s newest conference. The 2014 Maximize: Multifamily Asset Management Conference is coming Oct. 13-15 to the Omni Amelia Island Plantation Resort in Florida. But what is Maximize? It’s innovation in operations. It’s sustainable design and development. It’s revenue management and systems benchmarking. It’s about extracting total value and return from multifamily real estate assets and portfolios. Read more.