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September 10, 2015
Spotlight on Student Housing
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College kids have returned to campus, but private, off-campus student housing communities are offering them plenty of attractive living options outside the traditional dorm room. Fortune looks at some of the newest and flashiest student housing developments, including some with infinity pools and tanning rooms. CNBC’s Diana Olick also examines how many of these tricked-out student housing communities are adding up to big developer profits.

NMHC’s annual Student Housing Conference & Exposition, being held September 28-30 at the Arizona Biltmore in Phoenix, will offer attendees plenty of opportunity to hear more on the latest student housing amenities—as well as whether resort-style off-campus living has an effect on students’ ties to campus. Other program topics include top student housing trends going forward, student housing REITs’ investment strategies and DealTank, an investment committee look at some of the sector’s best deals.

Photo Credit: Al Payne of A. F. Payne Photographic Inc.  

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Top News


Breach Baby: Are Thieves Walking Off with Your Data?

Apartment firms have it; hackers want it. How is the multifamily industry—and its third-party service providers—protecting its highly sensitive data? NMHC’s Kevin Donnelly and Julianne Goodfellow offer some insight.


Foreign Investors Buy a Chunk of San Francisco -- and Their Green Card

A boots-on-the-ground look at how the government’s EB-5 foreign investor visa program, which allows immigrants to secure green cards in exchange for sizeable investments in job-producing businesses, is changing the landscape in San Francisco’s Tenderloin neighborhood. On the opposite coast, Related Companies gets fast tracked in the program as its Hudson Yards project spurs criticism of the program.


Chicago Developers Push Back Against New Inclusionary Zoning Rules

Chicago’s plan to increase affordable housing by as many as 1,200 affordable units over five years includes an ordinance that requires developers to designate 20 percent of new units to below-market rates. But lawsuits threaten the city’s new inclusionary zoning laws just two months before they take effect.


EPA Clean Water Rule in Effect Despite Court Ruling

The EPA is going forward with a new federal rule to protect small streams, tributaries and wetlands, despite a court ruling that blocked the measure in 13 states. Opponents of the rule argue that the regulation is overly broad and creates uncertainty for property owners and developers. Click here to see how NMHC has been following the issue.


Apartment Rents Grow Faster Than Incomes

Rents have risen faster than wages and inflation. While many renters in market-rate apartments appear to be able to shoulder the increases, according to researchers, the same can’t be said for the nation’s low-income households. Plus: An interactive look at what things costs in 618 metro and rural areas thanks to the Economic Policy Institutes’ family budget calculator.
In Case You Missed It
A hand-selected collection of noteworthy articles on a wide variety of issues of interest to apartment executives.
REITs Report 12-Year Low in Turnover During 2Q Calls

Forget New York, Rents Are Rising Up to 20% in These Secondary Cities

High-end Rental Housing Market Cooling Off in Boston

Toby Bozzuto Named CEO of The Bozzuto Group

Sustainability on the Rise in Low-Income NYC

Real Estate Is More Accessible and Easier to Navigate Thanks to These Startups

Atlanta Gets Its First Micro Apartments

Omaha Apartment Market Holds Strong, Though Construction Surge Has Slowed

Innovation Districts + Tech Clusters: How the “Open Innovation” Era Is Revitalizing Urban Cores

Louisville’s Plan to Address Its Housing Affordability Challenges

In Santa Fe, Renting Gets Tougher

What HBO’s “Show Me a Hero” Got Wrong About Public Housing

Go Green Rebates Available for Multifamily
Multifamily Market Dashboard

GSE Multifamily Mortgage Lending Rebounds Dramatically

Over the last 12 months combined (TTM), mortgage debt outstanding (MDO) grew by $83.8 billion, the biggest increase in seven years. With this increased lending volume, Fannie Mae and Freddie Mac (GSE) lending has rebounded sharply. From mid-2014 to mid-2015, the GSEs’ MDO shrank by $6.0 billion. In the three quarters since then, GSE net lending increased by $26.5 billion, only a little less than depository institution volume (shown as “Banks” in the chart).

The TTM figures show banks are still clearly the leading lenders, extending a net $38.0 billion in the four quarters ending in March. The GSEs moved back into second place. Ginnie Mae net lending contracted slightly in the first quarter, and its TTM volume decreased to $5.9 billion, the lowest in almost five years. On the other side of the ledger, CMBS net credit continued its decline, now for the 27th quarter.

Catch up on more industry fundamentals in the latest issue of Market Trends.

Upcoming Meetings


2015 NMHC Fall Board of Directors and Advisory Committee Meeting

September 15–17, 2015 The Fairmont Hotel in Washington, DC

2015 NMHC Emerging Leaders Speaker Series — Washington, D.C.

September 16, 2015 Provision 14 in Washington, DC

2015 NMHC Student Housing Conference & Exposition

September 28–30, 2015 The Arizona Biltmore in Phoenix, AZ


2015 NMHC Emerging Leaders Speaker Series — Denver, CO

October 15, 2015 The The Platform at Union Station in Denver, CO
About Apartment Wire
A must-read for top apartment industry professionals, Apartment Wire is a timely review of emerging trends in apartment finance, development, management and technology and more, featuring both exclusive content from NMHC's staff of experts and provocative articles from across the web.
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