Operations

Colibri-Commons-East-Palo-Alto
Affordable HousingCaliforniaDevelopmentNewsOperationsWestern

MidPen, EPACANDO Open Colibri Commons, a 136-Unit Affordable Housing Community in East Palo Alto, California

by Lynn Peisner

EAST PALO ALTO, CALIF. — MidPen Housing and the East Palo Alto Community Alliance Neighborhood Organization (EPACANDO) have opened Colibri Commons, a 136-unit affordable housing community at 965 Weeks St. in East Palo Alto. Units are reserved for tenants earning no more than 30 and 60 percent of area median income. Units range from studio to four-bedroom floor plans. Amenities include a community room, an outdoor play area and free onsite services such as nutrition classes, adult education and after-school programming. MidPen Property Management is the property manager. Financing for …

Continue Reading
0 FacebookTwitterLinkedinEmail
C-on-Pico-Los-Angeles
Affordable HousingCompany NewsDevelopmentInvestment SalesOperations

$69M Apartment REIT Megamerger: AvalonBay, Equity Residential Agree to Join Forces

by Lynn Peisner

CHICAGO and ARLINGTON, VA. — Equity Residential (NYSE: EQR) and AvalonBay Communities (NYSE: AVB) have agreed to merge, creating the largest publicly traded apartment REIT in the United States with a combined portfolio of more than 180,000 rental apartments. The deal is expected to close in the second half of 2026, at which time the company’s new name and stock symbol will be announced.  Based on the National Multifamily Housing Council’s 2026 Top 50 Owners rankings, the owned portfolio of the newly combined AvalonBay and Equity Residential entity will exceed …

Continue Reading
0 FacebookTwitterLinkedinEmail
Manors-Matteson
IllinoisMidwestNewsOperations

Haven Realty Sells Manors at Brookmere in Metro Chicago for $26.4M

by Lynn Peisner

MATTESON, ILL. — Haven Realty Capital has sold The Manors at Brookmere in Matteson to Haven Realty Capital for $26.4 million. Cushman & Wakefield’s Brad Smith, Jack Maloney and Anna Lovell represented Haven in the transaction. Haven subsequently tapped Daniel Management Group (DMG) to manage the property. The Manors at Brookmere is a 108-unit build-to-rent townhome community in Matteson, 31 miles south of Chicago. Units are offered in two- and three-bedroom layouts and include one- or two-car garage options and full-sized washers and dryers. The community, built in 2021 by …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Point-at-Deerfield-Plano
ColoradoCompany NewsNewsOperationsTexasWestern

The Paskin Group Selects Asset Living to Manage 17-Property Portfolio

by Lynn Peisner

HOUSTON, TEXAS — Asset Living has assumed management of a 17-property portfolio owned by The Paskin Group. Thirteen of the 17 communities are in Texas and transitioned to Asset Living’s managed portfolio on May 13. The remaining properties are in Colorado. Asset Living will assume management of those communities in August. The Paskin Group is a Santa Barbara, California-based real estate investment company focused on acquiring value-add multifamily properties. Asset Living was ranked second in the National Multifamily Housing Council’s 2026 Top 25 with 288,665 units under management. The Houston-based …

Continue Reading
0 FacebookTwitterLinkedinEmail
Jay-Sawmiller
Industry VoicesOperations

Here’s How Multifamily Owners, Operators Can Minimize Liability Claims Exposure

by Lynn Peisner

By Jay Sawmiller For multifamily and mixed-income housing owners and operators, liability claims are no longer rare, isolated events — they’re a growing operational challenge. From tenant injuries and environmental hazards to cyber incidents and employment-related liability exposures, a wide spectrum of risks is surfacing that can threaten financial stability and reputational standing. The stakes are especially high for developers, owners and operators managing affordable housing, where tighter budgets and regulatory scrutiny demand more robust risk management. Liability losses from premises-related injuries can vary, with some claims escalating into six- …

Continue Reading
0 FacebookTwitterLinkedinEmail
The real cost of those choices plays out over years: in maintenance calls, turnover time, mold remediation, resident complaints and, ultimately, rent premiums lost or captured. — Melissa Schroeder, VP of Business Development, Mincey Marble
Content PartnerDevelopmentIndustry ContentOperations

Beyond the Bid: Why Bathroom Material Choices Follow You for 15 Years

by Jaime Lackey

Developers building new multifamily projects scrutinize every line item — and bathroom materials are no exception. But the bid price on tile, fiberglass or cast marble shower panels and pans tells only part of the story. The real cost of those choices plays out over years: in maintenance calls, turnover time, mold remediation, resident complaints and, ultimately, rent premiums lost or captured. Over a 10- to 15-year hold period, bathroom material selection impacts maintenance budgets, unit turnover speed, resident satisfaction and asset value. And yet it’s still treated as a …

Continue Reading
0 FacebookTwitterLinkedinEmail
PromenadeNewnanCrossing-Newnan
FeaturesFinanceInvestment SalesOperations

You Built It. Your Kids Don’t Want to Run It: A Tax Strategy Most Investors Are Missing

by Lynn Peisner

By Ben Roper and Hal Reinauer There’s a conversation happening in estate attorneys’ offices and around family dinner tables across the country, and it usually goes something like this: an owner of a multifamily property, often held for decades, begins to think seriously about what happens next. The asset has been good to them. It generates income. It carries emotional weight. And the plan, loosely held, is to pass it along the same way it arrived: intact, appreciated and relatively uncomplicated. What most owners never fully reckon with, and what is …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Buckley-Plano
DevelopmentNewsOperationsTexas

Rosewood Property Co. Begins Leasing at The Buckley in Plano, Texas

by Lynn Peisner

PLANO, TEXAS — Dallas-based Rosewood Property Co. and development partner MetLife Investment Management have begun leasing at The Buckley, a 338-unit community located at 600 Kissimmee Drive within Plano’s Heritage Creekside mixed-use development. The four-story mid-rise is comprised of studios, one-, two- and three-bedroom units and amenities such as a resort-style pool, multiple lounge areas, a club lounge and card room, a fitness center with individual workout pods, coworking areas within a library setting, a dog park and courtyards. The 156-acre Heritage Creek was also developed and is owned by …

Continue Reading
0 FacebookTwitterLinkedinEmail
Modera-Chandler
ArizonaDevelopmentNewsOperationsWestern

Mill Creek Residential Pre-Leasing at Modera Chandler

by Lynn Peisner

CHANDLER, ARIZ. — Mill Creek Residential has begun pre-leasing at Modera Chandler, a 345-unit property in Chandler that Mill Creek began developing in July 2024. Modera Chandler is comprised of one-, two- and three-bedroom homes, some with dens. Amenities include a resort-style pool with cabanas, a hot tub and sauna, grilling area, fire pit, outdoor dining, a clubroom with gathering space, landscaped courtyards, coworking space with private pods, a conference room, resident lounge with library, pet park, playground and a two-story fitness center. The community also features 24-hour digital self-serve …

Continue Reading
0 FacebookTwitterLinkedinEmail
Shelly Peterson, Smart Package Room
Content PartnerIndustry ContentOperations

What Package Wrangling Is Really Costing Your Team

by Jaime Lackey

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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2026 France Publications, dba France Media Inc.