Survey Shows Multifamily Residents Want Green Buildings & Services

A survey conducted in 2017 among AMLI residents revealed that a large majority of them saw living in a sustainable multifamily property as “very important.” While we wrote recently about how seeking so-called green financing can benefit investors and developers, it would seem that designing a green, sustainable property is important and inviting to residents – and that could pay off for investors as well.

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Elizabeth Wheeler
New Floor-Plans & More Space: What's Next for Multifamily Developers & Investors

Within the next decade, the multifamily industry will see more Baby Boomers retire and downsize, more multigenerational families, more renters opting for roommates, and more young and immigrant families: what does this all mean for new property construction? According to recent data in a piece in MultiFamilyExecutive online, all these groups are finding the traditional studio and one-bedroom apartments undesirable in a quest for more livable space.

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Elizabeth Wheeler
Baby Boomers to Gen Z: Creating an Appealing Property for Renters from Any Generation

If you've paid attention to all the hype about Millenial renters, you might miss out on other demographics which are also signing leases in significant numbers; making sure you market and plan for a wide variety of tenants is the best way to ensure higher occupancy. A recent article in Multi-HousingNews (MHN) addresses this and points out that there are ways for rental communities to appeal to any renter.

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Elizabeth Wheeler
Indianapolis Chosen for Transportation Initiative that Has Implications for Multifamily Market

As the IBJ reported recently, Indianapolis was chosen to take part in a collaborative venture with other cities to improve transportation. The Transportation for America's Smart Cities Collaborative encourages cities to work together and use innovative technology and policies to improve city transportation. As we've mentioned previously, renters in urban areas appreciate transportation options as part of the reason they may relocate or even stay in their current lease.

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Elizabeth Wheeler
Moving Into Spring: Care & Maintenance Steps Property Managers Should Take

With the mercury rising and spring just around the corner, there are a few steps for those in the multifamily industry to get their properties in shape for the warmer weather ahead! BAM put together some tips for property managers to implement once the long winter is finally in the rear-view mirror. By being proactive this spring season, you'll ensure that your property is in top shape and that your residents will enjoy calling it home all year 'round.

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Elizabeth Wheeler
Predictions for The Changing Multifamily Market in the Year Ahead

If the multifamily industry had a motto, it might be “the only constant is change.” This year there are some changes ahead that industry players should heed, according to a new piece in Forbes online. From rental changes to emerging tech, the real estate pros who are dialed in with what is likely to shift this year will be ahead of the game. BAM looked at the expert predictions of factors like...

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Elizabeth Wheeler
BAM Looks at the Rising Cost in Construction for Multifamily Development

In one of our recent blog articles, (LINK) we wrote about markets that multifamily developers might  head to this year, as well as the amount of increased inventory that those markets are demanding. One problem that might stand in the way of progress: rising construction costs for the industry. According to information we found on a variety of sources, this year the cost of delivering the units that many booming markets demand is only going up. BAM looked at what costs more and what it may mean for the multifamily market.

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Elizabeth Wheeler
Innovative Multifamily Tech Options that Tenants Will Appreciate

Tech-savvy multifamily property owners know that in order to appeal to a broad variety of potential residents, they must embrace technology innovations that will benefit both tenant and landlord alike. Looking at articles in both National Real Estate Investor (NREI)  and Real Estate Tech News, we spotted some tech trends that could be a good investment and free up valuable time for busy property managers.

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Elizabeth Wheeler