Monday, September 12, 2016
Every day, my staff walks past a poster I hung over a decade ago. It says: “If You Don’t Take Care of the Customer, Someone Else Will.” For me, it’s not a cliché. It’s part of what I learned growing up an Irish Catholic kid in South Boston: how you decide to treat people is a simple but determinative driver of your own success.
I am retiring later this year, after 17 years at NAA. In...
Wednesday, September 7, 2016
No one would deny that the lack of affordable housing in the United States is a serious problem. Housing affordability is all over the headlines, as is the gender pay gap, but when you couple them together with some basic demographic information, the stark economic inequality for women becomes even more evident. Between 2009 and 2014, the U.S. Census Bureau reports that more than a million...
Monday, August 15, 2016
Moderation is the word across several apartment market metrics through the first half of 2016. According to MPF Research, annual rent growth slowed somewhat to 4.5%, compared to 4.9% at this time last year. This is still an impressive figure given the duration of the growth cycle, as well as the 15-year average growth rate of 2.4%. Absorption outstripped new supply and occupancy rates inched up...
Tuesday, August 2, 2016
Shrewd apartment owners understand that the greatest financial value in an apartment transaction can be had during the acquisition—not the exit.Industry veteran Ian Mattingly, President of LumaCorp in Dallas, speaks from experience. He is part of a management team that carries more than 90 years of investor experience when it comes to applying due diligence. LumaCorp owns 24 communities that...