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3 min read

Bringing It All Back Home

A permanent pedestrian mall in downtown Salt Lake City on Main Street? Really? Hopefully. A personal note: my son attended the University of Iowa in Iowa City. As one of his college tours, we arrived late on a Friday night for events that weekend. We checked in to …

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3 min read

Thawing Out

A fantastic treatise on the status of the multifamily sales market in 2Q2024. The article puts today’s market in perspective relative to how divergent the sale of multifamily properties has been over the past three or four years, all stemming from the …

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3 min read

Real Estate Cycle Defined

From JP Morgan Chase, the real estate cycle broken down with a focus on multifamily investing. The article stresses absolute importance in understanding the real estate cycle as a means to project returns and define future value. The article addresses …

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Staying Put

Redfin provides an interesting statistic: ending in 2022, the percentage of renters who stayed in their units for 10+ years increased from 13.9% in 2012 to nearly 17% in 2022. There were similar increases in other lengths of rental terms. One of the reasons is …

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3 min read

Reward Your Residents

I’ve been advocating for months the importance of owners retaining their existing residents. We’re in a sea change of new units coming online, occupancies are flat or declining, rents have plateaued and concessions are back. A few months ago …

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More Units

Ms. Carol Nelson is a highly respected multifamily property management professional in Utah. So when Carol talks, you need to listen. Carol cites strong economies and vast recreational opportunities as two of the primary drawing cards in attracting people …

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Unique Multifamily

The article focuses on three major trends occurring in multifamily at this time: the supply/demand imbalance, economic unpredictability, and demographic changes. Ms. Marcie Williams, CEO of RKW Residential, a firm that manages 33,000 units …

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3 min read

Prop Tech in 2024

I know that not all older properties can be retrofitted to accommodate technology upgrades regarding HVAC, security and internet access. But many can, and should, as 90% of 172,000 survey respondents ranked high-speed internet as their #3 priority …

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3 min read

Asking Rents Down in SLC

Salt Lake City is mentioned in the article as a market where rental rates have started to decline over the past few months. Not surprising given the number of new units either in lease up or under construction. I’ve seen the unit totals for those two classes …

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