Operations

Elevate-at-Heubner-Grove-San-Antonio
NewsOperationsTexas

Viking Capital Taps Lynd to Manage Huebner Grove in San Antonio

by Lynn Peisner

SAN ANTONIO — Locally based Lynd Management Group, the property management division of The Lynd Group, has been selected to manage Elevate at Huebner Grove in Northwest San Antonio. The 210-unit property offers one- and two-bedroom apartments featuring quartz or granite countertops, stainless steel appliances, fireplaces and private patios or balconies overlooking the community’s pool or garden grounds. In addition to the resort-style pool, amenities include grills, picnic areas, a fire pit, pickleball court, soccer practice area, 24-hour fitness center, coffee bar, dog park and on-site laundry facilities. Originally constructed …

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8-Carlisle-Manhattan
Company NewsDevelopmentFinanceNewsNortheastOperations

JLL Arranges $617M in Financing for Grubb Properties

by Lynn Peisner

NEW YORK CITY AND CHARLOTTE, N.C. — JLL has arranged $617 million in financing for Charlotte, North Carolina-based Grubb Properties, supporting the formation of a new real estate investment trust and the completion of a 64-story apartment tower in Manhattan’s Financial District. JLL’s mergers and acquisitions and corporate advisory group first advised on the merger of several legacy Grubb Properties funds and their rebranding as Link Apartments REIT. The approximately $1.9 billion Grubb Properties-managed REIT has a portfolio of 45 properties, including more than 5,600 multifamily units. In conjunction with …

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Maren-McCabe-TRC
Affordable HousingCaliforniaIndustry VoicesOperationsSustainable/LEED

Five Benefits Of Energy Upgrades in Affordable Housing

by Lynn Peisner

For people who live in, own or manage affordable housing, energy efficiency can offer significant benefits beyond energy savings. Research from the U.S. Dept. of Energy (DOE) shows that owners of affordable housing properties struggle to sustain truly affordable rental housing for low-income families because they are often faced with high energy bills and maintenance costs. This disparity impacts residents, too. According to the DOE’s Low-Income Energy Affordability Data (LEAD) Tool, the average percentage of income spent on energy costs for low-income households is three times higher than for non-low-income …

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Marti-Burrows-Asset-Living
Company NewsNewsOperationsPeople NewsTexas

Marti Burrows Appointed COO of Asset Living

by Lynn Peisner

HOUSTON — Asset Living has appointed Marti Burrows to chief operating officer to oversee operations across Asset Living’s national portfolio. Asset is ranked second on The National Multifamily Housing Council’s Top 50 Managers list. The Houston-based company manages approximately 450,000 units nationally. Prior to joining Asset Living, Burrows served as managing director and head of asset management for housing and alternatives at Nuveen Real Estate. She previously held executive leadership roles at Greystar, where she helped expand the firm’s owned asset platform and launched its build-to-rent single-family rental platform. Burrows …

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Reserve-at-Three-Ridges-Knoxville
Build-to-RentDevelopmentLeasing & MarketingNewsOperationsSoutheastTennessee

ARK Homes for Rent Begins Pre-Leasing at Knoxville BTR Project

by Lynn Peisner

KNOXVILLE, TENN. — ARK Homes for Rent has begun pre-leasing at The Reserve at Three Ridges in Northeast Knoxville. The 126-unit community is comprised of two-story townhomes in three- and four-bedroom floor plans with attached garages, open layouts, granite countertops and stainless steel appliances in kitchens, smart home features and walk-in closets. Amenities include a clubhouse, pool, playground and pet park. A construction completion date was not disclosed.

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Robert-E-Cuttle-Wendover
Affordable HousingIndustry VoicesOperations

Preparing for Hurricane Season: A Guide for Owners and Operators

by Lynn Peisner

Hurricane season officially began on June 1, and for property owners and managers across the Gulf Coast and Southeast, preparation should already be underway. While the National Oceanic and Atmospheric Administration (NOAA) predicts less hurricane activity this summer, it only takes one storm to put residents, properties and entire communities at risk. Storm preparedness is about more than asset protection. It is about protecting the people who call these communities home; residents who, when a property is damaged or destroyed, can be left displaced, vulnerable and without access to the …

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Jeff-Goll-Hillpointe
Affordable HousingDevelopmentIndustry VoicesInvestment SalesOperations

Multifamily Market Moves Past Supply Shock

by Lynn Peisner

By Jeff Goll The headlines on multifamily have not caught up to the data. After two years of being the asset class everyone wanted to disparage, the U.S. apartment market quietly began to rebalance in the first quarter of 2026. New deliveries are collapsing, demand is returning faster than most forecasts expected, occupancy and renewal rates are improving, and the construction pipeline has thinned to a level that effectively guarantees a tighter market for years to come. For well-capitalized developers and operators with discipline and a low-cost basis, the setup …

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Avilla-Foothills-Surprise
ArizonaBuild-to-RentDevelopmentNewsOperationsWestern

NexMetro Opens Avilla Foothills BTR Project in Metro Phoenix

by Lynn Peisner

SURPRISE, ARIZ. — NexMetro Communities has completed and opened Avilla Foothills, a 108-unit build-to-rent development in Surprise, about 28 miles northwest of Phoenix. Avilla Foothills is comprised of single-level homes, some with optional garages, and amenities such as a resort-style pool and hot tub, outdoor kitchen and grills, landscaped open spaces, covered parking, a 24-hour maintenance team, pet parks and no breed or size restrictions for pets.

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Jackson-Bailey-TDC
FeaturesLeasing & MarketingOperations

The Operational Standard Residents Expect — And Why It’s Higher Than Ever

by Lynn Peisner

By Crystal Jackson and Aryne Bailey In conventional multifamily, it’s easy to assume that competition is driven by what residents can see: upgraded finishes, new amenity packages or the latest design trends. While those elements still play a role in attracting residents, they are no longer the primary drivers of long-term satisfaction. What matters most today is far less visible — and far more difficult to execute consistently. Communication, safety and cleanliness have emerged as the defining factors of the resident experience. These are not new concepts, but resident expectations …

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Riverhouse-9-Weehawken
Company NewsMassachusettsNew JerseyNewsNortheastOperations

RHO Residential Tapped to Manage Former Veris Residential Portfolio

by Lynn Peisner

ROSELAND, N.J. — RHO Residential has been selected by the new ownership of Veris Residential to manage 15 properties in New Jersey and greater Boston. Veris Residential (NYSE: VRE) was taken private in an acquisition finalized in May. Craig Solomon of Affinius Capital in partnership with Vista Hill Partners, a real estate investment and development group headed by Bradford Klatt and Jonathan Kushner, bought the REIT for $3.5 billion. The assignment nearly doubles RHO Residential’s unit count to just under 12,000 apartments across 40 communities as well as approximately 182,000 …

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