New research from the Urban Land Institute shows that the population of urban neighborhoods in many metropolitan areas is growing as quickly or nearly as quickly as that of suburban neighborhoods, reflecting ongoing consumer demand – particularly among younger households — for living environments that are convenient to jobs, transit, and urban amenities, and which are highly […]
Earlier this month, I was in New York City at the IMN Middle Market Multifamily Conference moderating a panel discussion for property owners who are considering creating their own management firms. As a partner in one of the industry’s larger outsourced accounting firms, I help clients make that decision every day. The discussion included some […]
On Tuesday, February 13th, the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) awarded $3.5 billion in New Markets Tax Credit allocation to 73 community development entities throughout the country. Based on the terms of the awards, it is expected that approximately $2.47 billion of allocation will be deployed to support businesses in […]
Multi-Housing News Discusses Multifamily Trend Years ago, the Harvard Business Review reported that “Outsourcing is not just a trend; it is an integral part of how smart companies do business.” Whether or not outsourcing is a trend, multifamily operations are beginning to adopt outsourcing in a big way. As reported in last month’s Multi-Housing News, […]
I was speaking with the Owner/CEO of the third party management firm who outsourced his back office with Ascent Multifamily in March 2016. At the time that he began outsourcing with us, he had 18 properties and 4,600 units. (Today he has more than 6,000 units.) He called me to tell me that he appreciated […]
I came across this article about investing in multifamily and taxes that I felt I should share. It relate how $20 million of capital can be leveraged to produce $210 million in multifamily assets over 20 years. It would throw off $131 million in cash flow (to the investor) from years 11 through 20. Even […]
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 […]
The CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, published a brief about the multifamily market that states the demand is set to decline in the apartment market. As Millennials get married, start having families, and begin buying homes, demand will decline as a result of this trend. They report […]
RealPage chief economist Greg Willett shares what is driving the widening gap between A and C product, and how apartment rent growth is likely to progress in the next year or two. Across the 100 largest metro areas in the US, the asking rent gap between the top end and the bottom layer of the […]
