Multifamily Executive

Delivering news and business insights for owners, developers, and managers of apartments and condominiums.

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NAA Shares Policy Momentum for Rental Housing

2 days ago | multifamilyexecutive.com | Christine Serlin

Adobe Stock Greg Brown, senior vice president, government affairs, at the National Apartment Association With a new presidential administration and Congress, the National Apartment Association (NAA) has been keeping its rental housing policy priorities at the forefront so far this year. At its annual advocacy conference in March, the NAA and its members had over 270 meetings with members of Congress in a single day.
AHF Top 25 Lenders: Uncertain for Longer

2 days ago | multifamilyexecutive.com | Bendix Anderson

With financing from Citi Community Capital, the 341-unit View at San Bruno is being developed by Jemcor Development Partners in San Bruno, California. KTGY Top lenders are planning to close billions of dollars in financing to affordable housing properties in 2025. However, interest rates, construction costs, low-income housing tax credit (LIHTC) pricing, and even federal policy have become more unpredictable.
From 1,400 to 100,000 Units: Morgan Properties Accelerates Growth

6 days ago | multifamilyexecutive.com | Christine Serlin

Over the past 40 years, Pennsylvania-based Morgan Properties has grown into one of the nation’s largest owners of multifamily housing. Ranked No. 3 on this year’s National Multifamily Housing Council’s top 50 apartment owners, its portfolio held 96,277 units as of Jan. 1, up from nearly 93,000 the prior year.
Essex Property Trust Builds Momentum on the West Coast

6 days ago | multifamilyexecutive.com | Christine Serlin

Essex Property Trust, a publicly traded REIT based in San Mateo, California, shifted to growth mode last year, acquiring and increasing its ownership interest in 13 apartment communities for a total contract price of approximately $1.4 billion on a gross basis. Angela Kleiman, president and CEO, Essex Property Trust With 62,510 multifamily units owned as of Jan. 1, Essex ranks No. 13 on this year’s National Multifamily Housing Council top 50 owners list.
Bozzuto Scales With Purpose

6 days ago | multifamilyexecutive.com | Christine Serlin

Courtesy Bozzuto Stephanie L. Williams, president, Bozzuto Management Co. Bozzuto’s continued growth in 2024 was driven not by a pursuit of scale, but by a commitment to quality, trust, and operational excellence, according to Stephanie L. Williams, president of Bozzuto Management Co. Ranked No. 9 on the National Multifamily Housing Council’s top apartment managers, the Maryland-based company added over 27,000 units to its management portfolio last year.
Roers Cos. Charts Rapid Rise in Multifamily Housing

6 days ago | multifamilyexecutive.com | Christine Serlin

Courtesy Roers Cos. Since founding Roers Cos. in 2012, Kent (left) and Brian Roers have grown the development footprint to $3.7 billion in real estate across over a dozen states. In just over a decade, Plymouth, Minnesota-based Roers Cos. has grown into a leading multifamily and affordable housing developer. In 2012, brothers Kent and Brian Roers stepped away from their careers as a certified financial planner and an accountant, respectively, to take on housing development full time.
Hillpointe Launches Nonprofit to Tackle Attainable Workforce Housing Challenges

6 days ago | multifamilyexecutive.com | Leah Draffen

Courtesy HAWCS Kelly Barnhill, co-founder and executive director, Housing and Workforce Collective Solutions (HAWCS) Attainable workforce housing developer and builder Hillpointe, which ranks No. 4 on the National Multifamily Housing Council's top developers list and No. 6 on the top builders list this year, has launched the Housing and Workforce Collective Solutions (HAWCS), a nonprofit committed to tackling affordable housing issues head-on.
The Garrett Cos. Rides Growth Wave

6 days ago | multifamilyexecutive.com | Leah Draffen

Courtesy The Garrett Cos. In Lutz, Florida, Maeva Modern Apartments features an expansive pool and outdoor amenity area for its 260 units. As No. 7 on the National Multifamily Housing Council’s Top 25 Developers list and No. 9 on the Top 25 Builders list, The Garrett Cos. has been on the move. With roughly 7,300 units in the pipeline, over 4,500 were under construction heading into the year, and another 2,300 have either started or are soon to start.
Kari Downes Steers Enterprise Housing Credit Investments

6 days ago | multifamilyexecutive.com | Donna Kimura

Kari Downes took on a new role last year—president of Enterprise Community Partners’ low-income housing tax credit (LIHTC) syndication business. Enterprise Housing Credit Investments is one of the nation’s leading housing credit equity providers, helping to finance affordable housing across the country. This year, it ranks No. 5 on the National Multifamily Housing Council’s list of syndicators.
San Francisco Leads the Way in Micro Living

1 week ago | multifamilyexecutive.com | Leah Draffen

Adobe Stock / Javier Brosch San Francisco, California Micro apartments are often half the price of traditional apartments, which is a huge perk in today’s economy. According to StorageCafe's latest look at micro-housing availability across the United States, Western cities claim seven of the top 10 metros. San Francisco tops the list with 15% of its rental units being under 415 square feet and some as small as 124 square feet.