Retrofitting multifamily properties for energy-efficient upgrades may not be a favorite financial topic for property owners and managers, particularly when existing building systems appear to be functioning adequately and the costs of new systems entail substantial capital investments.
In a striking shift, the year 2024 is witnessing a remarkable surge in the conversion of office buildings into apartment units across major U.S. cities. According to RentCafe, the number of apartment units expected to be converted has soared to over 55,000, marking a substantial increase from 12,100 in 2021.
In the ever-evolving landscape of real estate, timeshares continue to be a popular choice for individuals seeking vacation flexibility and shared ownership. As we step into 2024, the focus on multifamily interior renovations has never been more crucial. This blog post explores the latest trends and considerations for enhancing the interior spaces of timeshares to meet the changing preferences of owners and guests alike.
Discover the latest findings from the 2024 National Multifamily Housing Council/Grace Hill Renter Preferences Survey Report, shedding light on the evolving needs of today's apartment residents.
The Texas real estate market has always been dynamic, and as we look ahead to 2024, multifamily property owners are exploring ways to enhance their investments. One key strategy that promises significant returns is interior renovations.
Christina Steeg, who assumed the role of Senior Vice President of Marketing and Communications at Waterton in July 2022, elaborates, "We are in the process of updating all our virtual floor plans to highlight unique alcoves and dens as potential work-from-home spaces. We are also capturing new virtual tours of our communal co-working areas to ensure we integrate this aspect into all our marketing efforts."
As the rapid surge in demand witnessed in recent years begins to taper off and fresh supplies flood the market, multifamily communities are doubling down on their efforts to enhance resident retention.
Thanks to historically low mortgage rates that spurred increased investment in second homes during 2020 and 2021, Zillow economists anticipated a surge of first-time landlords in 2023.
In the realm of multifamily housing, amidst the ever-shifting landscape, one steadfast factor remains the crucial role of maintenance teams in resident retention and lease conversions. The community's maintenance squad forms the heart of operational efficiency, not only within individual units but also spanning communal spaces and beyond.
Inspire, Powered by FAA, the Annual Conference & Trade Show, is the premier state conference for the apartment industry. More than 1,200 multifamily housing industry professionals across Florida will converge in central Florida for FAA's biggest event of the year.
According to a report by CBRE, the overall multifamily vacancy rate increased by 30 basis points (bps) quarter-over-quarter in Q1 2023 to 4.9%, which was less than the 70-bp increase in Q4 2022 and the 90-bp jump in Q2 2022. Learn more now.
This annual fishing tournament is our newest fundraiser, benefiting the Children’s Home Network. This inshore catch and release photo tournament also features an online auction, breakfast, angler giveaways, and a catered awards luncheon.
Action is necessary to combat the growing problem of childhood hunger. Learn how Think Construction Services assists with child hunger with Coregiving.
New rental apartments are outpacing new construction, according to RentCafe’s Adaptive Reuse Report. The report shows that the number of adaptive projects grew 25% from pre-SARS years and almost doubled during the three-year period between 2020 and 2021. This growth is largely due to office-to-residential conversions as well as emerging niches like former healthcare and religious buildings.
Action is necessary to combat the growing problem of childhood hunger. Learn how Think Construction Services assists with child hunger with Coregiving.
Starting January 1, 2023, new HVAC regulations will come into effect and I'm sure you're wondering how this changes. These changes will increase the required minimum efficiencies for residential and commercial HVAC (packaged unitary rooftops, split systems, Mini-VRF, and mini-splits) equipment starting on January 1st, 2023
Covid-19 generated new behavioral patterns in the workplace, with work-from-home becoming widely accepted. Learn about ways to motivate your leasing office today.
With Cap Rates for Multifamily Apartment properties holding at historical lows, value Add Acquisitions are priced at an all-time high averaging a 5.5 cap.
Multifamily properties, those with apartment or condominium buildings, present a tremendous opportunity for energy savings. Learn to about Multifamily Energy Efficiency Programs today.
While there are many ways to protect yourself and your property when using fireworks, serious fires during Independence Day celebrations continue to rob people of their homes and cause costly losses.
The spread of COVID-19 is changing how we all operate, and our business is no exception. Think Construction Services follows CDC guidelines to protect your residents, your staff, our staff.