Running a leasing and management office and running a mailroom are two different jobs. At many multifamily communities, one team is doing both. But manually processing an increasing volume of parcels can consume untold staff hours and pull people away from leasing, marketing and other priorities — driving up costs and dragging down the operational efficiency needed to maximize occupancy and protect NOI. With last year’s slumping rent growth dampening operators’ revenue expectations, more multifamily owners are seeking help to turn package management from a labor-intensive cost center into a …
Operations
By Sandy Jack When you think about technology in multifamily, conversations have historically focused on solving one problem at a time. If you needed a lock, for example, you bought a lock. If you needed Wi-Fi, you found a provider. Each of those individual tech decisions might have made sense in the moment, but none of those decisions was connected to the others. Operators are redefining technology by shifting the question from, “What do I need to invest in today?” to “How do these tools work together to better …
NEW ORLEANS — The Lynd Group has closed on $49 million in financing to support renovations for a 1,512-unit, four-property portfolio acquired out of bankruptcy in New Orleans earlier this year. The unit renovations will include new appliances and updated flooring and countertops. Privacy gates, security cameras and on-site security staff also will be added, as will new community services and amenities, such as pools, fitness centers, playgrounds, community centers, sports courts and after-school programming. Current rents across the portfolio range from approximately $950 to $1,430 per month. Following renovations, …
ATLANTA — Cortland, an Atlanta-based multifamily investment, development and property management company, has appointed Meredith Barry to the role of vice president of business development. In this role, Barry will lead expansion of Cortland’s third-party property management portfolio, focusing on securing new partnerships with property owners, institutional investors and developers. Barry will report to Brad Hamel, executive vice president of community operations. Prior to this role, Barry was the vice president of client services at The Bozzuto Group.
FREDERICK, MD. — JAG Management Co. has been selected by Couloir Ventures to manage the build-to-rent (BTR) townhome community The Foundry at Renn Quarter in Frederick. Couloir is a Bethesda, Maryland-based developer focused on building BTR projects in the metro Washington, D.C., area. JAG Management provides property management services for both Jefferson Apartment Group (JAG)-owned assets as well as third-party-owned communities on the East Coast. JAG is headquartered in McLean, Virginia. A portion of the residences at The Foundry at Renn Quarter are now complete, and residents have begun moving …
NEW YORK CITY — The Moinian Group has begun leasing at ARIA 7 Platt, a 38-story luxury apartment tower in Manhattan’s Financial District. Construction was led by AECOM Tishman, Hill West was the architect, and Rockwell Group provided interior design services. The 250,000-square-foot, 38-story glass-clad tower features 250 units in a mix of studio, one- and two-bedroom layouts and penthouse residences with a dedicated lounge area. Amenities include a fitness center, library, work areas, lounges, private dining spaces with outdoor terrace access, a gaming area, laundry facilities and a communal …
HALLANDALE BEACH, FLA. — Miami-based developer 13th Floor Investments has completed the first two residential buildings in its Parks at Hallandale project in Hallandale Beach and obtained a temporary certificate of occupancy allowing the first residents to move into the property. The community offers a mix of studio through three-bedroom floor plans across what will be seven residential buildings on a 15.5-acre site. The remaining five buildings are expected to be complete by this summer. Unit size ranges from 600 to 1,400 square feet, while monthly asking rents begin at …
By Wendy Dorchester Pet-friendliness is one of the ultimate differentiators at rental communities, and the difference is obvious the moment you walk a truly pet-inclusive property. Residents bond over their pets, often knowing the names of each other’s dogs before they know the names of their neighbors. Communities that embrace this reality benefit from stronger renewal rates, more engaged residents and an environment that feels welcoming to a wider pool of renters. But while the industry has made significant progress over the past decade, the recent 2026 State of Pets …
By Nellie Day For nearly all renters, Wi-Fi, that four-letter word, has evolved from a nice-to-have perk into a necessity. “Wi-Fi is now treated like the ‘fourth utility,’” says Taylor Jones, co-founder, president and chief technology officer of Elauwit Connection. The other three vital services, of course, are electricity, water and gas. “It is as essential as hot running water,” adds Sandy Jack, vice president of strategic relations, multifamily, at Vingcard and Nomadix, two brands that fall under parent company ASSA ABLOY Global Solutions. Jack views Wi-Fi as such for good …
By Ari Pearl Branded luxury in the South Florida multifamily market has moved from fad to fundamental. A branded luxury multifamily community is a high-end apartment or condo building that’s marketed under a well-known luxury brand — often a hotel, fashion, auto or lifestyle brand. Examples include Miami’s Porsche Design tower, which features an elevator transporting both the tenant and their car up to their high-rise unit. Bentley, Fendi and Armani also have lent their name to multifamily development through various partnerships. Today, premium multifamily renters will pay for a …