Christine Serlin

6 days ago | multifamilyexecutive.com | Christine Serlin

Courtesy Wood Partners Ben Hill in southwest Atlanta will comprise 236 attainable apartments. After launching its attainable housing brand a year ago, multifamily developer Wood Partners has expanded its efforts in the Southeast. In the first quarter, the developer started construction on three communities in Atlanta; Nashville, Tennessee; and Palmetto, Florida.

1 week ago | multifamilyexecutive.com | Christine Serlin

The multifamily industry’s record supply wave continued in the first quarter, with 116,092 market-rate units delivered over the last three months. According to RealPage’s first quarter analysis, this is on par with the prior quarter’s record high. Demand also continued to surge as 138,302 units were absorbed in the first quarter. RealPage noted this was the highest first quarter reading ever recorded in its 32-year data set.

1 week ago | multifamilyexecutive.com | Christine Serlin

Multifamily buyer and seller sentiment improved for both core and value-add assets in the first quarter, according to new research from CBRE. For core assets, buyer sentiment increased to 65% positive from 44% in the fourth quarter, while seller sentiment became less negative with 67% neutral sentiment versus 57% in the fourth quarter. For value-add assets, buyers only had slightly improved positive-to-neutral sentiment, while sellers saw a higher concentration of neutral sentiment.

1 week ago | multifamilyexecutive.com | Christine Serlin

The smart lock solutions provider has unveiled the new Interconnect Kit, which enables any Alfred smart deadbolt to function as a code-compliant interconnect lock with single-motion egress functionality—ideal for both retrofit and new installs.

1 week ago | multifamilyexecutive.com | Christine Serlin

California’s South Bay multifamily market, which includes San Jose and Silicon Valley, continues to experience moderate year-over-year rent growth of 0.4% and tight vacancy rates that are expected to stay under 4%, according to Yardi Matrix. “Overall, San Jose’s multifamily market is characterized by steady growth and high demand,” says Doug Ressler, manager of business intelligence at Yardi Matrix.