CHARLOTTE, N.C. — RKW Residential has been awarded new property management assignments at three communities. In Pineville, North Carolina, RKW is now managing ABODE at Miller Farm, a 98-unit build-to-rent townhome property owned by Edgewater Ventures. On behalf of owner Quadrant Communities, RKW is also managing two 240-unit properties operated under The Edison brand — The Edison at the Shores in Foley, Alabama, and The Edison at Colonnade Crossing in Oxford, Mississippi.
By Mark English One of the most famous illustrations of the Dunning–Kruger effect dates back to 1995 in Pittsburgh where two men robbed a bank in broad daylight without wearing masks, sunglasses, fake mustaches or any form of disguise. Unsurprisingly, they were quickly identified on closed-circuit television and arrested. What stunned law enforcement — and later the academic community — was the explanation the suspects offered. They genuinely believed that by rubbing lemon juice on their faces, they would be invisible to security cameras. Their reasoning was that lemon juice …
NEW YORK CITY — The New York City Department of Housing Preservation and Development (HPD) has selected Slate Property Group, Xenolith Partners and Communilife to develop La Ostra on a vacant lot in Inwood, the northern-most neighborhood in Manhattan. The project will include 600 units, 200 of which will be reserved for seniors. All apartments will offer affordable rents. Specific income restrictions were not disclosed. The developers will also build a marine science and STEM education center that will be operated by the Billion Oyster Project, a nonprofit founded in …
CHARLOTTE, N.C. — Crescent Communities has hired RKW Residential to third-party manage the developer’s NOVEL River District, a newly completed 318-unit property located within The River District, a 1,400-acre master-planned community in West Charlotte. NOVEL River District was the first project to be completed on the site. At full-build-out, The River District will include approximately 2,350 multifamily units as well as single-family, for-sale homes. NOVEL River District offers studio, one- and two-bedroom apartments and amenities such as a resort-style pool, fitness center, a plant room, outdoor recreation areas, dog park, …
I grew up around real estate. That meant summers power washing roofs in brutal heat, ripping out old carpet, painting benches and learning early that nothing about buildings is abstract. Someone pays for every decision. Someone lives with every mistake. My father and uncle ran a real estate company started by their father. From a young age, the rules were simple: work hard, study hard, be grateful. If you do those things, the system will reward you. For a long time, I believed housing worked the same way. As a …
The multifamily sector closed 2025 with clear signs of transition. National occupancy dipped to 94.6 percent, effective rents stalled or fell in several markets year over year, and absorption slowed alongside cooling job growth, according to RealPage. As of December 2025, national effective rents grew by 0.4 percent year over year. The supply story is shifting just as quickly. Developers delivered about 409,000 units last year — roughly 30 percent less than in 2024 — setting the stage for a very different leasing environment in 2026. To unpack what with …
The recent arrest and extradition of Venezuelan leader Nicolás Maduro has once again put political instability in Latin America back in the headlines. For many people in the U.S., it’s just another international news story. For Latin American investors, it’s a reminder of something they’ve lived with for years: Political and economic conditions can change quickly, and when they do, the impact on currency, regulation and personal wealth can be immediate. That reality has long shaped how and where capital moves. When uncertainty rises, investors tend to look for places …
DENVER — Urban Land Conservancy (ULC), a Denver-based affordable housing nonprofit, has completed construction and opened The Irving at Mile High Vista in Denver’s West Colfax neighborhood. Located at 3.270 W. Colfax Ave., the 102-unit community serves households earning up to 20 to 80 percent of area median income. With ULC’s ownership of the land through a community land trust, affordability is guaranteed for 99 years. The Irving is adjacent to the Denver Public Library’s Corky Gonzales branch. The architect was Studio Completiva, and the general contractor was Pinkard Construction. …
Artificial intelligence use cases are increasing across many sectors, including housing. Potential deployment of AI can involve a wide range of uses, including AI-enabled customer service, rental analytics and internal operations efficiency, among others. As adoption continues, and regulators and legislators focus their attention on AI, the regulatory landscape involving privacy and housing-related issues is becoming increasingly complex. AI tools can raise a wide range of privacy and security concerns. Multifamily owners who have a working knowledge of AI-related federal and state policy issues will be set up for success, …
PHILADELPHIA — Brown Hill Development has hired Rose Associates to lease and manage Bridge on Race in Philadelphia. This deal marks the New York City-based development and property management company’s first third-party management assignment in Philadelphia. The LEED Gold-certified, 145-unit building opened in 2017. Located in the Old City area of Center City, Bridge on Race is comprised of studios, one- and two-bedroom units as well as four street-level retail spaces, an 8,000-square-foot landscaped terrace with private grilling and dining areas, a fitness center, resident lounge with billiards, a pet …
