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April 1, 2016
Amenity Evolution
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Location may still trump nearly every other factor during a prospective resident’s leasing decision, but in competitive markets, community amenities are increasingly part of the equation. As a result, apartment companies are dedicating more time, resources and square footage to their amenity programming.

“The bar’s being raised higher and higher on these communal amenities,” said Bill Greene, senior design manager, Central region, for Atlanta-based Wood Partners in a recent article in MFE.

But for as much as amenities can be a differentiating factor, there’s some consistency as to what residents want, according to data from NMHC/Kingsley Associates' resident preferences survey. Find out which amenities earned residents’ unswerving marks.

Read more

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Top News


Holland Testifies on Affordability

Testifying on behalf of NMHC/NAA before a key House subcommittee, Holland Partner Group Chairman and CEO Clyde Holland outlined the key reasons why America faces a growing affordability problem, along with potential solutions.


New Fair Housing White Paper, Webinar Scheduled for April 28

NMHC/NAA recently published the white paper, “Fair Housing: Familial Status and Occupancy,” which discusses fair housing protections for families and reviews seemingly routine business practices that could give rise to FHA complaints. Register now for a related webinar on Thursday, April 28 from 2:00pm to 3:15pm EDT.


Banks Tap the Brakes on Multifamily Construction Lending

One reason for lenders’ more cautious approach is the increasingly complex regulatory environment as certain banking rules that relate to Dodd-Frank and Basel III, such as High Volatility Commercial Real Estate loans, kick in. 


Middle Market Assets Enjoy Higher Than Average Rent Growth

While some investors are putting their money into highly amentized student housing communities, other are putting their money into older, less expensive student housing communities—and achieving higher than average rent growth.


This Pre-Fab Apartment Turns Empty Offices into Affordable Housing

Drop the Hub into a shuttered office or abandoned factory and—just like that—you have a place to live.


Next Speaker Series Event on May 18 Focuses on Chicago's Tech Scene

Get plugged into Chicago’s burgeoning tech scene on May 18 with an insider’s look at Elmspring, a real estate-focused tech accelerator. In addition to hearing from Elmspring CEO Bob Gillespie, the evening will include pitches from three firms currently working at the accelerator. 
In Case You Missed It
A hand-selected collection of noteworthy articles on a wide variety of issues of interest to apartment executives.
Why Banks Are Better Off Than You Think, And Real Estate Isn’t (paywall)

Rents and Medical Costs Drive Inflation’s Rise

More Americans Are Again Moving to Suburbs Than Cities

Urban Institute Launches Housing Finance Reform Incubator

Cantwell Launches Campaign to Expand, Reform LIHTC Program

Navigating the Empowered Consumer (by NMHC’s Rick Haughey)

The Art and Science of Property Classifications

Micro Apartments Could Help Cities Retain Diversity, Says Ian Schrager

Heavyweight Developers Stephen Ross and Rob Speyer Nearly Came to Blows over 421-a

How to Handle Residents’ Data  (by NMHC’s Kevin Donnelly and Julianne Goodfellow)

New Student Loan Goes Straight to Mom and Dad (paywall)

The Mess at Nest Echoes the Mess in the Smart Home

How One Community Is Rethinking How It Uses Storm Water

Multifamily Market Dashboard

The Apartment Executive's Guide to the President's Budget

NMHC’s government affairs staff dug through all the details of President Obama’s 182-page proposed budget for FY2017 to come up with the short list of items of interest to multifamily. While the proposed budget has a snowball’s chance in you-know-what of being enacted in its entirety, it’s possible that some provisions could surface in other legislative proposals—for better or worse.
So, from tax reform to technology and beyond, here’s your pictorial guide to what’s at stake in the budget for the apartment industry. 

Upcoming Meetings
2016 NMHC Research Forum

 April 6-7, 2016 The Omni Hotel in Chicago, IL

2016 NMHC Spring Board of Directors Meeting

May 18-20, 2016 The Four Seasons in Chicago, IL
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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