Operations

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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Paseo-Austin
DevelopmentNewsOperationsTexas

LV Collective Opens Paseo in Austin

by Lynn Peisner

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 …

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Victoria-Siplin
Affordable HousingIndustry VoicesOperations

Tackling the Loneliness Crisis Through Affordable Housing

by Lynn Peisner

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 …

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Leasing & MarketingNewsOperationsTexasWashington, D.C.

Justice Department, RealPage Settle Lawsuit Over Use of Revenue Management Software in Apartment Rental Pricing

by Lynn Peisner

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 …

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Canopy-at-Babcock-Ranch
Company NewsFloridaIndianaMidwestNewsOperationsSoutheast

Milhaus Acquires Property Management Division of ContraVest

by Lynn Peisner

ALTAMONTE SPRINGS, FLA. — Milhaus, an Indianapolis-based developer, owner and property manager, has acquired the property management division of Altamonte Springs-based developer ContraVest, marking Milhaus’ entry into the third-party property management business and expanding its presence in Florida. Under the agreement, Milhaus will assume residential management at eight multifamily properties. Skyhawk Capital Advisors acted as financial advisor to ContraVest in the transaction. In Florida, Milhaus has developed and manages Canopy at Babcock Ranch, as well as projects in Tampa, such as The Hite and Notch Apartments, Lector 85 and Artistry …

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Sandy-Jack-ASSA-ABLOY
Industry VoicesOperations

How Access Control and Energy Management Systems Can Unlock Multifamily Housing ROI

by Lynn Peisner

In today’s rental housing market, owners and operators share the same dilemma of how to boost property value and operational efficiency. The goal is to simplify business functions without passing on additional costs to residents. Rents have plateaued in many markets and neighborhoods, and new regulations keep piling on the pressure. That is where technology steps in and has become the backbone of smart operations and one of the most effective ways to drive return on investment (ROI). Some of the more impactful tools are access control systems and energy …

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