Operations

Property Owners Must be Proactive to Mitigate Flood Risk

by Channing Hamilton October 28, 2024

Hurricane season is in full swing. As heavy rains and powerful winds tear through the Southeast, flooding has quickly become a major concern for multifamily owners and operators. Flooding is the most common and costly type of natural hazard in the nation. According to the Department of Homeland Security, 90 percent of natural disasters within the United States involve flooding. Additionally, flood risk is intensifying as the number and severity of storms increase. The National Oceanic and Atmospheric Administration (NOAA) predicted an 85 percent chance of a more destructive than average hurricane season in …

October 28, 2024

California Company News Investment Sales News Operations People News Western

Colliers Appoints Christian Prelle as Executive Vice President, Head of Office Agency

by Channing Hamilton October 23, 2024

SAN JOSE, CALIF. — Colliers has appointed Christian Prelle as executive vice president and head of office agency at the firm’s San Francisco Bay Area brokerage. In this role, Prelle will expand Colliers’ office agency practice and lead strategic initiatives to enhance the company’s market position in the Bay Area. Prior to joining Colliers, Prelle served as executive managing director at Newmark, where he led the Palo Alto office for 6 years and oversaw roughly 55 brokers and staff.

October 23, 2024

Multifamily TheGuarantors Eben MacNeille

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Renter Profiles Are Changing – How Multifamily Operators Can Minimize the Risks of Rent Default and More

by Sarah Daniels October 23, 2024

Despite the persistent housing shortage, landlords are having a more difficult time qualifying potential residents, especially non-traditional applicants who don’t check the usual boxes for credit and employment history. Renters are also facing bigger hurdles for income, credit and up-front deposits. “It has become increasingly expensive and challenging to rent an apartment in the United States,” says Eben MacNeille, senior director of sales at TheGuarantors. The New York-based financial technology company serves the multifamily industry by providing lease guarantees, security deposit replacements and renters insurance and compliance solutions. Today’s renter …

October 23, 2024

Company News Finance Investment Sales News Operations People News Texas

IPA Capital Markets Hires Harry Krieger as Managing Director

by Channing Hamilton October 22, 2024

DALLAS — IPA Capital Markets, a division of Marcus & Millichap, has hired Harry Krieger to the position of managing director. In this new role, Krieger will be responsible for placing debt for institutional clients. He will be based in Dallas but part of the firm’s Los Angeles-based IPA Capital Markets team, which is led by Brian Eisendrath and Cameron Chalfant. He will collaborate with the firm’s Texas-based IPA multifamily investment sales team — led by Drew Kile and Will Balthrope — to provide clients with capital markets services. Krieger …

October 22, 2024

Company News Development Leasing & Marketing News Operations Texas

LV Collective Appoints Alex Perkins as President of Multifamily

by Channing Hamilton October 22, 2024

AUSTIN, TEXAS — LV Collective has hired Alex Perkins as president of multifamily. In this role, he will define and execute the Austin, Texas-based firm’s multifamily platform, overseeing strategy, development, capital markets, operations and asset management. Prior to joining LV Collective, Perkins served as a director for Greystar Development and Construction Services. He is a member of the advisory council for the University of Texas Real Estate Center, where he advises on program strategy and curriculum design.

October 22, 2024

Affordable Housing Industry Voices Leasing & Marketing Midwest Northeast Operations Southeast Texas Western

Technology Clears Operational Roadblocks for Affordable Housing Managers

by Channing Hamilton October 21, 2024

There is an urgent need for more affordable housing in the United States. For every 100 extremely low-income renter households, there are just 36 affordable units available for rent, according to a March 2024 report from the National Low Income Housing Coalition (NLIHC). Despite widespread attention on this issue — including at the state and federal levels — the supply shortage has continued. Municipalities across the United States continue to struggle to address symptoms of the affordable housing crisis, such as homelessness and rising housing costs. The NLIHC reports that there is …

October 21, 2024

Illinois Leasing & Marketing Midwest News Operations

29th Street Capital Expands into Third-Party Property Management

by Channing Hamilton October 10, 2024

CHICAGO — 29th Street Living, the property management division of 29th Street Capital (29SC), has expanded into third-party property management services. The division currently manages more than 55 properties across 23 markets. According to 29SC, 29th Street Living has a resident-first approach and is focused on providing cutting-edge technology and streamlining operations. 29SC is an investment management firm based in Chicago with back-office support in Louisville, Kentucky. The firm has acquired and developed more than 158 properties throughout the nation.

October 10, 2024

Features Midwest Northeast Operations Southeast Technology Texas Western

How Multifamily Owners Can Guard Against Renter Fraud

by Channing Hamilton October 7, 2024

Scammers lurk in the background of virtually every industry, and the multifamily sector is no exception. Some renters will leap at the chance to exploit loopholes in the system and take advantage of unprepared landlords. “As a baseline definition, we classify rent fraud as any act of intentional deception by a renter to deceive the property owners to gain financial or personal benefit,” says Josh Albrechtsen, senior vice president and general manager of front office solutions at RealPage. “Fraud is evolving constantly. This is not a one-and-done problem solve. The …

October 7, 2024

Colorado News Operations People News Western

RADCO Residential Appoints Amie Robertshaw as Vice President of Client Services

by Channing Hamilton September 23, 2024

DENVER — Property management company RADCO Residential has appointed Amie Robertshaw to the role of vice president of client services. In this position, Robertshaw will be responsible for expanding the company’s third-party management portfolio and will work with department leads during management transitions, acquisitions and more. She will be based in Denver. Prior to joining RADCO Residential, Robertshaw served as vice president of client services at Asset Living. She also has held positions at Avanti Residential (previously known as Capital Real Estate LLC). She currently serves as the president of …

September 23, 2024

Affordable Housing Industry Voices New York Northeast Operations

A Developer’s Thoughts on Recent Changes to New York Laws Regarding Rent-Stabilized Apartments

by Channing Hamilton September 20, 2024

The recent changes to New York laws regarding rent-stabilized apartments, included in the 2024 budget legislation and signed into law by Gov. Kathy Hochul, are a step in the right direction. Unfortunately, the step is so small that the effect will be the same as standing still. Much of the initial commentary on 2024 housing law updates was about the so-called “good cause eviction” provisions, which have little to do with eviction but are instead a rebranding of rent control. In 2019, the legislature made significant changes to the rules …

September 20, 2024

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