• The art of the simplified portfolio

    • 2015-09-23
    • Wendy Broffman

    Would you rather have more of something worth less or less of something worth more? Execs at Denver, Colo.-based apartment REIT Aimco pondered that question as the collapse of the housing market and the loss of some 8.5 million jobs during the Great Recession triggered a cultural shift toward renting.

    The massive loss of American homes t


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  • MHP Reflections

    • 2015-09-23
    • Michael W. Rudy, Editor-in-Chief

    We are a country divided. We will eventually need to deal with that in a meaningful way.

    A 2014 historical study suggests that not since the Civil War have we been so polarized as a nation. Climate change, immigration, Fair Housing law. The issues are many, and both the emotions, and stakes, are high.

    Much hangs in the balan


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  • Man on a multifamily mission

    • 2015-09-23
    • Wendy Broffman

    Considine has held a variety of leadership positions in the business and political arenas and continues to run several companies, while still devoting time to philanthropic activities.

    He was drawn to the multifamily industry while studying law at Harvard University in the late 1960s, when he established a REIT under the sponsorship of t


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  • Now what?

    • 2015-09-23
    • Benjamin Gilad

    The first requirement for being competitive is to know what others in your space are offering or plan to offer so you can judge the unique value proposition of your moves. This is just common sense.

    The second requirement is to anticipate response to your competitive moves so that they are not derailed by unexpected reactions. That's jus


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  • One is the loneliest number

    • 2015-09-23
    • Tim Leberecht

    Research shows it's terrible for our health; it diminishes cognitive performance and the immune system, increases the risk of heart disease and dementia and hastens early death. And the psychological effects are just as bad; studies show that people need strong social connections to feel happy and find meaning in their lives, and that many of us wo


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  • As rent skyrockets, more cities look to cap it

    • 2015-09-23
    • Teresa Wiltz

    In Seattle, where activists say some renters complain their rent has increased by as much as 150 percent, two city council members hosted a packed town hall meeting to debate whether to impose rent control-a move that could put the city at odds with the state.

    Similar proposals to limit what apartment managers can charge each month are e


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  • Resident ambassador

    • 2015-09-23
    • Amy Baxter

    For some, the resident participation has helped with more authentic messaging, which has led to a boost in referrals and a competitive edge against other housing providers. At leas four senior living providers include residents in their marketing and sales processes through personalized collateral and ambassador programs. The positive reactions fro


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  • Walking on sunshine

    • 2015-09-23
    • Gary Fauth and Kevin Peterson

    The recently released MIT study, "The Future of Solar Energy," takes an in-depth look at the solar power industry, and provides up-to-date information on the costs and expected savings from residential solar installation. Despite solar generation being at a considerable cost disadvantage to more conventional electricity generation, there are a mult


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  • Second life renters

    • 2015-09-23
    • Dave Sherbal

    Since the end of the recent recession, apartment owners have been gaining back some of the deep discounts they made to keep properties full. According to data collected by the Washington, D.C.-based National Multi Housing Council, average rents between 2009 and 2013 increased from $1.10 to $1.26 per sq. ft.-a 14.5 percent recoup for the average pro


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  • Living in the digital age

    • 2015-09-23
    • Peggy Shaw

    "Our new Camden technology package with Internet service is rolling out as scheduled and, for the second quarter, contributed approximately 45 basis points to our same-store revenue growth, 100 basis points to our expense growth and 20 basis points to our NOI growth, all in line with expectations," said Camden CFO and Treasurer Alexander Jessett du


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  • The story of rising rents

    • 2015-09-23
    • Bendix Anderson

    "Across most markets, renters are paying a higher percentage of their incomes in rent," says Luis Mejia, director of U.S. multifamily research with the portfolio strategy division of research firm CoStar.

    That's not stopping apartment rents from going up. That's partly because the average income is surprisingly high for households living


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  • The next target in California's drought? Renters.

    • 2015-09-23
    • Steve Scauzillo

    The result amounted to a savings in water use in June of 23 percent, just below the mandate required by the governor.

    But while single-family homeowners sacrifice their lawns and are saving water, multifamily residents are lagging far behind.

    A study from software provider WegoWise, a Boston-based company that helps large util


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  • Product placement finds an apartment

    • 2015-09-23
    • Laura Kusisto

    Many students arriving at their new student apartments this fall are being greeted by corporate promotions ranging from concert invitations to discounts on Uber rides.

    The deals typically are structured with little money exchanged between the managers and companies, although in some cases the managers pay for the products or services. <


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  • How to handle stress in the moment

    • 2015-09-23
    • Rebecca Knight

    What the experts say
    Eighty percent of Americans are stressed at work, according to a recent study by Nielsen for Everest College. Low pay, unreasonable workloads, and hectic commutes were the top sources of tension, followed closely by obnoxious coworkers. What exacerbates the problem is that "people walk into work already laden with s


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  • Should hiring be based on gut-or data?

    • 2015-09-23

    These are questions a lot of companies would like better answers to, considering the critical importance of people to a business's success and the high costs associated with recruiting, onboarding, hiring and firing. At a recent Wharton People Analytics Conference, panelists from business and academia talked about some innovative new ways to apply


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  • 21 signs that you're mentally stronger than average

    • 2015-09-23
    • Steven Benna

    How do you know where you fall on the spectrum? Psychotherapist Amy Morin, the author of 13 Things Mentally Strong People Don't Do, lists the following attributes as indicative of a person who is mentally stronger than average:

    1. You balance emotions with logic. Mentally strong people understand how their emotions can infl


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  • The Closer

    • 2015-09-23

    An opinion article in The Wall Street Journal, "Obama Wants to Pick the Clintons' Neighbors," examined a new HUD initiative to effectively manufacture residential diversity in communities across the nation. The regulations mandate that roughly 1,250 affluent communities around the nation build new affordable housing that specifically targets


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  • Court ruling on cybersecurity impacts how multifamily does business

    • 2015-09-28
    • Julianne Goodfellow, National Multi Housing Council

    In the case Federal Trade Commission v. Wyndham Worldwide Corporation, the court ruled in favor of the Federal Trade Commission's (FTC) statutory authority to bring enforcement actions against companies for "unfair or deceptive acts or practices in or affecting commerce" under the FTC Act.

    This decision upholds FTC's authority to pursue


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