Apartment Business Update

A quarterly newsletter covering investment trends in the apartment industry.

Apartment Market Conditions Weaken in Q3

November, 2022 | Updated November, 2022

Apartment sales and financing are among market conditions showing a slowdown in the third quarter of 2022. The latest Quarterly Survey of Apartment Market Conditions from the National Multifamily Housing Council (NMHC) reports market tightness, sales volumes, equity financing and debt financing…

Renter Voter Turnout Increasing

October, 2022 | Updated November, 2022

Renters are closing the gap with homeowners regarding voter turnout. The midterm elections are next week, and Apartment List reviewed voting habits between the two cohorts. While the gap between homeowners and renters has been larger in midterm elections, presidential election years have also…

Former NAA Chairman Rick Graf Retiring

October, 2022 | Updated November, 2022

Former National Apartment Association (NAA) Chairman of the Board Rick Graf is retiring. His last day as President, Multifamily, Asset Services at Cushman & Wakefield will be Dec. 31. Woody Stone was promoted to serve as President of U.S. Multifamily Asset Services, according to a release from…

Navigating the Ins and Outs of Data Privacy

October, 2022 | Updated November, 2022

New state-level data privacy laws in California, Colorado, Connecticut, Utah and Virginia go into effect in 2023. These changes will have a direct impact on companies in the multifamily housing space. To inform members of these upcoming changes, NAA’s Legal Affairs team hosted “Navigating the Ins…

Updates on the Biden Administration’s Housing Supply Action Plan

October, 2022 | Updated November, 2022

On Friday October 7, 2022, the Biden Administration announced its progress toward the implementation of the Housing Supply Action Plan previously announced earlier this year. The plan outlined goals aimed at closing the housing supply shortfall in five years, beginning with the creation and…

Greystar Expands into Multifamily Lending

October, 2022 | Updated October, 2022

Greystar Real Estate Partners, LLC has announced it will expand its reach within the rental housing industry with senior mortgages, mezzanine loans and preferred equity to multifamily owners and developers in the U.S.Because of its initial venture into the credit world in 2018, “we are well-…

Powering Up: Providing Charging Stations for EVs at Your Property

By Andrew Ruhland | October, 2022 | Updated October, 2022

Increased demand for EV charging is just around the corner; owners and management companies must be prepared for the potential uptick of EVs at communities. As climate change continues to alter the environment, people are becoming more conscious of their personal impact on the planet and…

Smart Sustainability: Navigating the Path to Business Resilience

By Doug Pike | October, 2022 | Updated October, 2022

Finding sustainable solutions that deliver measurable results, then duplicating them across the portfolio, is essential to maximizing ROI.   Sustainability initiatives were gaining traction prior to the pandemic but took a temporary backseat to the operational efficiency movement as…

Proptech: Empowering and Evolving Teams

By Doug Pike | October, 2022 | Updated October, 2022

If the goal is to meet customers where they are – whether it’s online, via chatbot or in person – teams must be prepared and equipped to keep pace. PropTech has exploded in multifamily housing, providing an opportunity to transform lean teams into nimble, efficient machines. During the 2022…

Apartment Demand Sinks in Q3

October, 2022 | Updated October, 2022

For the first time ever, RealPage reports negative apartment demand in a third quarter.Apartment demand in the third quarter of 2022 plunged, continuing the pullback in demand that was seen in Q2. This is the first time in the 30-year history of RealPage’s tracking that Q3 has witnessed negative…