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NMHC Apartment Association Suggests 90-Day Moratorium on Evictions and Rent Increases

WASHINGTON, D.C. – (Realty News Report) – The National Multifamily Housing Council (NMHC), a major apartment industry group, has recommended a halt to evictions and rent increases for the next 90 days due to the COVID-19 outbreak. NHMC recommends apartment firms consider adopting the following principles to help America’s renters retain their housing during this crisis. Halt evictions for 90 ... Read More »

RNR Apartment News Briefs from Realty News Report

  DALLAS DEAL by JLL DALLAS — On behalf of Criterion Property Company and Cypress Real Estate Advisors, JLL’s Capital Markets experts completed the sale of VV&M, a newly developed, luxury multifamily asset in the Addison/Bent Tree Market near the Dallas-Addison line. Mindful Management, LLC, purchased the 310-unit complex. JLL also secured $44.8 million in acquisition financing through Freddie Mac. …………………………………. ... Read More »

Deadline Approaches for NMHC Apartment Technology Competition

DALLAS – The National Multifamily Housing Council has announced the deadline for entering its Launch Pad technology competition is Sept. 11, 2016. The competition will recognize new technology-based solutions for the apartment industry. The winner will be announced at the NMHC OPTECH multifamily conference Nov. 14-16 in Dallas. The OPTECH multifamily conference focuses on property operations, marketing, technology, sustainability and ... Read More »

NMHC Creates Apartment Research Foundation

WASHINGTON, D.C. — A new foundation dedicated to apartment industry research has raised over $2.25 million in cash commitments from NMHC members to kick start the next generation of industry insight and analysis. Created by the National Multifamily Housing Council (NMHC), the new NMHC Research Foundation will address critical voids in apartment data and raise the industry’s standard of performance. ... Read More »

Bull Run in Nation’s Apartment Market; But Texas Multifamily Firms Not High on the Leader Board

(By Dale King)  – Record high demand for rental units nationwide continues to fuel hot apartment industry growth. But the response in Texas is generally unremarkable, as evidenced in the National Multifamily Housing Council’s (NMHC) newly released 2016 NMHC 50, a ranking of the country’s largest apartment owners, managers, developers and contractors. The list shows that many of the nation’s ... Read More »

What Do Apartment Dwellers Really Want for Christmas? … High-Speed Internet, Ample Parking; New Survey Tells All

WASHINGTON, D.C. – What do apartment dwellers want for Christmas? (Well, they probably want these things the other 364 days a year, too.) The latest survey unveils the big items on renters’ wish lists: In addition to a convenient location,  renters say they need lighting fast internet, according to the National Multifamily Housing Council’s (NMHC) 2015 Apartment Resident Preferences Survey.  ... Read More »

New Study: The Economic Impact of the 36 Million Americans Who Live in Apartments

WASHINGTON – Some 36 million people live in apartments in the United States, according to a new study created by two multifamily organizations to measure the economic impact of apartments. Nationally, the apartment industry and 36 million apartment residents contributed $1.3 trillion to the U.S. economy, supporting 12.3 million jobs across the U.S. in 2013. For Houston, the study says, ... Read More »

Apartment Organization Changes Name to National Multifamily Housing Council

WASHINGTON – The National Multi Housing Council, an apartment industry group of owners, managers and developers, has changed to the National Multifamily Housing Council. The new name helps important stakeholders outside of the industry, namely policymakers, better understand the focus of the organization, the organization said in a statement. The organization also unveiled a new logo and a new tagline, ... Read More »

Multifamily Briefs

TEMPE, Ariz. – Transwestern brokered the sale of Dorsey Place, an 84-unit  apartment building on East University Drive in Tempe, Ariz., for nearly $15 million. San Diego, Calif.-based Stratford Partners and Pathfinder Partners, which had purchased the building in 2011, sold the building to a joint venture between Diversified International Partners and Alliance Residential of Phoenix. Diversified International Partners is ... Read More »

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