Multifamily Revenue Growth to Continue Decelerating

According to the Census Bureau, approximately 620,000 multifamily units are under construction as of April. This is the highest level of new construction since October 1974.  This growth is a 9% uptick year over year and a 23% increase from two years ago. The steady climb of employment growth has been the main driver of […]

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Units Trump Cover 2017 08

Trump’s Effect on Multifamily

In this month’s issue of Units, the National Apartment Association’s magazine, industry leaders sound off on the state of the multifamily industry amid a Congress and President struggling to pass a business-friendly agenda.  Click here for the full article.  Here are some quotes from the piece. Camden Chairman and CEO Ric Campo said, “If Trump […]

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FEI Awards 2017 Seegmiller

Scott Seegmiller named CFO of the Year in Real Estate & Construction

Congratulations to Scott Seegmiller, Las Vegas’ CFO of the Year for real estate and construction! Scott recently received the distinction at an awards program hosted by the Las Vegas chapter of FEI (Financial Executives International) and Vegas Inc magazine.  Scott has worked in accounting throughout his 27-year property management career. Check out the Vegas Inc […]

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Preparing to Improve your Budget Process

It is mid-May and in four months you should begin budget planning for 2018.  Okay, I am starting this way too early but if you want to make a big improvement in how your company implements budgeting, you’ll need to start laying a good foundation now. Have you been getting the value out of your […]

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Property Manager: Time To Start Your Own Firm?

A few weeks ago, we sent an email with tips on how outsourced accounting can help VPs and regional managers within larger management firms start their own companies. We must have hit a nerve. We received dozens of responses from all over the country.  It appears to us that the big firms keep getting bigger…but […]

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Denver Cherry Creek

Ascent in Denver

Ascent partners Scott Seegmiller and Mike Ballard were in Denver for BisNow’s Denver Multifamily & Mixed Use event. The standing room only crowd of almost 400 people came to learn about the Mile High City’s hot projects and real estate trends. Mike moderated a lively discussion entitled 2017 Capital Markets Forecast. Speakers included Ken Cope, CIO of Sagebrush; Charlie […]

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Scott w group Mt Rainier

A View From The Top: What I Learned from 14,000 Feet

Last summer, I was invited to climb Mount Rainier by Ben Zimmer, CEO of Entrata, a fast growing property management software maker. Mount Rainier is the third most prominent mountain peak in the United States. With a summit of 14,410 feet, Mount Rainier is not only an active volcano, but it is also the most glaciated peak in […]

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Freddie Mac’s Multifamily Index Indicates Investing Fundamentals Stronger

For the third consecutive quarter, multifamily investing fundamentals grew stronger in the third quarter, according to the Freddie Mac Multifamily Apartment Investment Market Index (AMLI), both nationally and in each of the 13 metro markets it tracks. AMLI combines multifamily rental income growth, property price growth, and mortgage rates to provide a single index that […]

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