Personal Development A New Multifamily Amenity

Value-add in the multifamily space usually means interior upgrades to apartments in the form of granite countertops and stainless steel appliances.  

But CAF Funds, a new division launched under the umbrella of CAF Cos., has a different definition of what qualifies as a strategic upgrade when acquiring older apartment communities.

This new CAF investment platform was created to acquire older workforce housing apartments across Texas and add educational and personal-development programs on-site to improve residents’ quality of life. “We are excited about adding CAF Funds Division to our portfolio and feel this is a great way to not only invest in our…

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A Rent Control Comeback Is Breathing Down The Neck Of The Apartment Industry

Though the U.S. apartment industry is still in good shape, the prospect of new rent control measures, some of them at the state level, threaten to put a crimp in future revenue in the longer run. 

The effort to enact rent control has gained traction in recent years as apartments in many cities have become increasingly unaffordable, the Wall Street Journal reports, citing Oregon's recently enacted law capping rent increases to 7% plus the local inflation rate, efforts in Colorado to…

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Developer Sees Future For Less-Dense Multifamily Projects Built Using Next-Gen Construction Methods

The phrase “we need more affordable housing” has turned into a cliche across the U.S. as apartment rents continue to escalate. 

DFW-based multifamily developer JPI is no stranger to the need for more affordable apartments, but the firm's executive leadership said the solution to create less expensive apartments lies not with developers, but with the construction methods deployed. 

“We certainly see demand for affordable housing, and we see that locally and nationally. We want to be part of the solution,” JPI CEO Bobby Page said. Page, who will be speaking alongside JPI Chief Development Officer Brad Taylor at Bisnow’s Multifamily Annual Conference on May 2 in Dallas, said the deployment…

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Modular Housing May Help Bridge The Affordable Housing Gap

The need for more affordable housing was one of the most-discussed issues of Chicago’s recent mayoral campaign, but creating enough units to satisfy that need still seems like an elusive goal.

And the challenge of building units efficiently and inexpensively is likely to be brought to the forefront this year with the probable launching of a series of new megadevelopments on the periphery of downtown, such as Sterling Bay’s Lincoln Yards and Related Midwest’s The 78, all of which must include hundreds of affordable housing units as part of their deals with the city.

Skender, a Chicago-based firm, thinks it has at least one piece of the puzzle, and can help developers meet those requirements even as a chronic labor shortage keeps pushing up construction costs.Company officials say they plan to begin construction in the next few months…

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Advocates Hope New State Legislation Spurs Condo Development

Deadly Silver Spring Apartment Blast Caused By Failed Gas Vent, Investigator Concludes