Operations

Bridge-on-Race-Philadelphia
NewsNortheastOperationsPennsylvania

Rose Associates Tapped to Manage Bridge on Race in Philadelphia

by Lynn Peisner

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 …

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Dan-McGue-Coldwell-Banker
CaliforniaFinanceIndustry VoicesInvestment SalesOperationsWestern

Why Renter Demand Is Surging Across the San Francisco Bay Area

by Lynn Peisner

After several years of uncertainty, the San Francisco metro area multifamily housing market is showing clear signs of recovery. The first half of 2025 brought the largest expansion in multifamily demand in years. The 12-month trailing absorption surged to 3,700 units as of the third quarter, one of the highest levels in a decade. Vacancy rates have dropped to 5.1 percent, the lowest since 2014, and apartment rents are up 5.6 percent, placing San Francisco among the top metros in the nation for rent growth. Although sale prices had remained …

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Brent-Maier
DevelopmentIndustry VoicesInvestment SalesOperations

Will Strong Net Absorption Continue in 2026?

by Lynn Peisner

As 2025 ended, net absorption of multifamily units was on track for its third strongest year since 2000. More than 102,000 units were absorbed in the third quarter, marking the third straight quarter of more than 100,000 net units absorbed. Fourth quarter estimates are coming in around 55,000 units. Multifamily absorption measures the net change in occupied apartment units over a given period, indicating whether demand is keeping pace with new supply. As experts review the final numbers of how many apartment units were newly occupied or leased in 2025 …

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Fetch
FeaturesFrom the MagazinesOperations

Thinking Outside the Box to Solve Package Delivery Issues

by Lynn Peisner

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, …

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MFTX-Leasing-Management-Panel
Conference CoverageFeaturesOperationsTechnology

InterFace Panel: AI Has Infiltrated Multifamily Management Without Compromising The Human Touch

by Lynn Peisner

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 …

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Mariam-Walker
Industry VoicesOperationsTechnology

The Technology Gap That’s Costing You Residents

by Lynn Peisner

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 …

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Village-at-Cedar-Hills-Jacksonville
Affordable HousingDevelopmentFloridaNewsOperationsSoutheast

Ability Housing Opens $31 Million Affordable Community in Jacksonville

by Lynn Peisner

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 …

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The-Bellevue-Hyattsville
DevelopmentMarylandNewsNortheastOperationsWashington, D.C.

EJF Capital Completes The Bellevue in Hyattsville, Maryland

by Lynn Peisner

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.

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CieloView-St-Cloud
DevelopmentFloridaNewsOperationsSoutheast

Alliance Residential Opens Cielo View in St. Cloud, Florida

by Lynn Peisner

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 …

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AVARA-Miami
DevelopmentFloridaNewsOperationsSoutheast

Mast Capital, Rockpoint Complete AVARA Miami Beach

by Lynn Peisner

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 …

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