By Nellie Day It started as a convenience, but now it’s an expectation. Yes, we’re talking about online shopping — or more accurately, the mound of heavy, oddly shaped and ever-delivered boxes that unite multifamily residents with their latest e-commerce obsession. Once considered a tedious operational task, package management has become a daily — sometimes hourly — balancing act between service, space and sanity. Residents expect the same fast, efficient experience they get from Amazon, while owners and managers are left to pick up the pieces, or rather the packages, …
Operations
InterFace Panel: AI Has Infiltrated Multifamily Management Without Compromising The Human Touch
By Taylor Williams DALLAS — Technological innovation has long been a cornerstone of managing and leasing multifamily properties, and that feature of the business has only been augmented in the era of artificial intelligence (AI). But for all the operational conveniences and efficiencies that AI potentially brings to the table, multifamily management has not yet reached the point of phasing out the human element. Almost immediately after the members of the leasing and management panel at the annual InterFace Multifamily Texas conference had introduced themselves, this fundamental premise of multifamily …
The multifamily housing market is growing increasingly competitive. Newer and older properties must vie for renters, and key decisionmakers are looking toward meaningful ways of differentiating their communities. To meet this demand, multifamily properties are increasingly offering smart technology amenities to their residents including a wide variety of technologies such as in-unit smart device amenity packages, access control and smart safety and security solutions, and, increasingly, they are offering bulk internet and managed Wi-Fi. Yet our recent study, conducted jointly by myQ Community, EliseAI and RPM Living, surveyed 2,300 Class A …
JACKSONVILLE, FLA. — Ability Housing has completed Village at Cedar Hills, an affordable housing community in Jacsksonville’s Westside neighborhood. Rent restrictions for the property’s 90 units vary, ranging from 30 to 60 percent of area median income (AMI). Monthly rents are based on household size and income and range from approximately $500 for a one-bedroom unit for a household earning 30 percent or less of AMI to approximately $1,380 for a three-bedroom unit for a household earning up to 60 percent of AMI. Six units are reserved for individuals or …
HYATTSVILLE, MD. — EJF Capital has completed construction of The Bellevue, a 361-unit community in Hyattsville, about 7 miles northwest of Washington, D.C. The Opportunity Zone project was developed in partnership with The NRP Group. The Bellevue features studios, one-, two- and three-bedroom floor plans. Amenities include a fitness center, a coworking lounge, landscaped courtyards and structured parking.
ST. CLOUD, FLA. — Arizona-based Alliance Residential Co. has completed and opened Cielo View, a 311-unit community at 190 Everton Drive in St. Cloud, about 28 miles south of Orlando. Cielo View offers one- and two-bedroom units that feature Samsung stainless steel appliances, granite countertops, white shaker cabinetry with chrome hardware, in-unit washers and dryers and walk-in closets with dedicated linen and storage closets. Amenities include a 24-hour fitness center, a resident lounge with an entertainment kitchen, a mailroom with secure package lockers and a room for overflow packages, a …
MIAMI BEACH — Mast Capital and Rockpoint have opened AVARA, a 178-unit community at 3900 Alton Road in Miami Beach. Monthly asking rents at the eight-story development begin at $3,200 for a junior one-bedroom unit. Floor plans also are offered as two- and three-bedroom configurations as well as penthouses. Arquitectonica was the architect, interior design was provided by CID Design Group, and Within Hults + Partners was the landscape architect. Amenities include a second-floor pool deck overlooking Biscayne Bay that also features an outdoor kitchen with grilling stations. Inside, residents …
AUSTIN, TEXAS — Austin-based developer LV Collective, formerly known as Lincoln Ventures, has completed and opened Paseo, a 48-story tower at 80 Rainey St. in downtown Austin. Paseo offers 498 units in studio, one-, two- and three-bedroom floor plans, as well as four penthouses and a pool, deck and bar on the 12th floor with views of Lady Bird Lake. ROOST Rainey, a 59-room hotel, is located on floors 14 through 17. Residents also have access to Daydreamer, a ground-level café and bar, Amaya, a Mediterranean-inspired restaurant, a fitness center …
The holiday season is a time filled with laughter, celebration and meaningful connections. Families gather, and communities come alive. But amid the joy, the holidays also serve as a powerful reminder of an issue affecting millions of Americans: loneliness. While this season highlights togetherness, it can also intensify the isolation felt by those who lack supportive communities or stable housing, a reality that has become impossible to ignore. According to the U.S. Surgeon General, loneliness is now a public health crisis, affecting half of all U.S. adults. Its effects go …
Justice Department, RealPage Settle Lawsuit Over Use of Revenue Management Software in Apartment Rental Pricing
RICHARDSON, TEXAS — The U.S. Justice Department’s Antitrust Division has reached a settlement with RealPage Inc. as part of its ongoing enforcement against algorithmic coordination, information sharing and other anticompetitive practices in rental housing markets across the country, according to details disclosed in a North Carolina federal court on Monday. The proposed consent judgment, which still requires court approval before it can be implemented, would help restore free market competition in rental markets for millions of American renters, the Justice Department stated in a press release. “Competing companies must make …