Vacancy rates rose slightly as new supply came online in the third quarter. This could spell trouble for leasing up in the future. However, supply of apartment homes is still expected to lag demand for years to come.
The pending purchase of an apartment community outside of Nashville, Tennessee, is one of nearly 40 acquisitions in the area this year, with total sales of more than $800 million. See whats driving investors to seek out property in this area.
U.S. demographics have changed significantly in the past 50 years, following enactment of the 1965 Immigration and Nationality Act. The number of immigrants is expected to rise, and the nations demographics will continue to change in the next 50 years. What will that mean for apartment communities?
Atlanta; Kansas City, Mo.; Milwaukee, Wis.; Memphis, Tenn.; and Sacramento, Calif., have each received a five-year $30 million grant to help refurbish low-income housing areas in their cities. We highlight the neighborhoods these cities plan to rebuild and how they plan to do so.
With easy access to new office and retail developments and the University of Texas, San Antonios Northwest neighborhood is drawing large numbers of potential renters. And new Class A developments should be primed to capitalize on such growth.
Following a pilot program last summer, Oakland is now providing carts for its Zero Waste program to all properties with at least five apartment homes to reduce recyclable items in landfills to less than 10 percent by 2020. See what cities are already seeing success with similar programs.
NAA members have the benefit of receiving special offers and savings for products and services from top companies through NAAs Open Door program. The association vets its preferred companies and negotiates prices to provide this benefit to its 68,000-plus members. See what offers are available today.
Got creative solutions to todays problems? Submit a topic proposal for the 2016 NAA Education Conference & Exposition, being held June 15-18 at the Moscone Convention Center in San Francisco. This is a great opportunity to share insights on challenges and trends in the apartment-community industry. Proposals are due, via our online form, by 11:59 p.m. EST on Oct. 16.
Save $300 by signing up now for NAAs 2016 Student Housing Conference & Exposition, taking place Feb. 16-17 at the Hyatt Regency in Chicago. Or sign up with a group of five or more to save an additional $75 each. Come and learn from industry leaders, meet top suppliers and network with your peers.
The MAXIMIZE: 2015 Multifamily Asset Management Conference (Oct. 12-14 at the Omni Amelia Island Plantation Resort in Amelia Island, Fla.) is the best source for insights on improving returns from assets and portfolios. Sign up today to learn more about expense management strategies, performance benchmarking, sustainability practices and more.