Ranging from 52 to 70 years of age, baby boomers are the newest addition to the senior citizen cohort, and they’re bringing with them a new outlook on aging. Empowered by empty nests and financial freedom, baby boomers are embracing their 55+ years for the opportunities they hold rather than dreading the obstacles present. This outlook, coupled with buying power and declining mortality rates, has sparked a multi-billion dollar market for a group now being termed “active adults.”
As the multifamily industry awaits one of the largest conferences of the year, we take a look at what trending topics to keep an eye out for during the conference and exposition. The NAA Conference in San Francisco kicks off on June 15-18 with an all-star line up of sessions, speakers, and stories. Following a year of innovation and progress in the multifamily space, we’re looking forward to discussing the market outlook. Don’t miss our event recap immediately following the conference!
ResMan, LLC, a leading provider of cloud-based property management software, has secured significant new capital to continue its rapid growth in the multifamily housing software space. The Utah based Wasatch Venture Group has purchased a substantial position in ResMan, LLC.
If you haven’t heard, there’s a new controversial ruling that’s shaking up the apartment industry practices on criminal background checks.
According to the Department of Housing and Urban Development (HUD), a blanket ban of people with criminal records violates the Fair Housing Act (FHA). Therefore, landlords with a blanket policy of denying housing to those with criminal records may be in violation of FHA.
With the warm weather finally making its seasonal debut, it’s the perfect time to start planning resident events for the summertime. The summer season is an important time to show off your property, from the landscaping to the amenities. With careful planning and a few out-of-the-box ideas, you can make your property the obvious choice for warm-weather fun. Here are four tips you may not have thought about yet…
There’s a clear value in adding green amenities to a property, as we’ve discussed in a recent blog post. It attracts residents with green thumbs, reduces energy consumption, and provides a benefit to the community. But while developers spend time wondering what amenities will produce substantial returns, they’re left wondering how environmental friendliness and efficiencies really matter.
The upcoming Education Conference & Trade Show on May 25, 2016 at Denver Mart will be one of the most anticipated industry events this year. ResMan will be in attendance, excited to learn from industry leaders and share insights.
The event will offer multiple featured sessions covering a range of topics and educational programs for the on-site and corporate management attendees. Yet, there are a few topics in particular that caught our eye this year. Let’s have a look!
This blog is a continuation of Part I: C & D Markets: Which Upgrades are Worth the Investment?
We recently published a two-part blog (5 Multifamily Amenities That Promise ROI), where we examined which Class A & B amenities were producing the greatest returns. We found that amenities like bike storage or dog grooming stations required little capital overhead or square footage, yet delivered great value to residents—and sometimes even provided ancillary income.
Sustainability continues to be a leading area of interest in multifamily. From developers to property managers, everyone has a role to play on the ‘greenification’ of the industry. But what does sustainability in multifamily actually look like at the property level?