Multifamily Goes to the Dogs
Twenty-five percent of AMLI Residential's DFW residents are dog owners, EVP Taylor Bowen said at this morning's fifth annual Bisnow DFW Multifamily Summit. That's changing the way local developers design their projects. (Using paint that smells like snausages?)
Here's IPA Texas director Drew Kile, Milestone Apartments REIT COO Steve Lamberti, Behringer CIO of multifamily funds Bob Poynter, Embrey EVP John Kirk, and Taylor. Drew says that people are willing to pay extra for their pets; he jokes you can get rid of playgrounds on multifamily properties and put in dog parks instead. (Kids don't need playgrounds anymore, they have iPads.)
But maybe he's not far off—Steve knows one developer who built a pet daycare in his complex and charges $22/day to walk and feed the dogs. It's been an amazing success. If you weren't one of the more than 400 people in this crowd, you can check out full coverage from our event on Monday.
