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the Magazine of the National Apartment Association

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In This Issue


The Pride of Ownership

Affordable rental housing demand is skyrocketing, yet most cities cannot begin to offer enough affordable apartments. In the Chicago area alone, the gap between supply and demand is at least 176,000, and it increases every year. New construction is a...

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Survey: Time to Buy 'More' Apts

Data Insider Apartments have been solid performers in recent years, and investors remain confident that the sector will continue to post favorable results. Seventy-eight percent of investors believe apartment values will rise further during the next year, which is up...

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Trends For Reinvesting In Rental Stock

Analysis of investments in capital expenditures are front and center in the February study, "Improving America's Housing 2015: Emerging Trends in the Remodeling Market," by Harvard University's Joint Center for Housing Studies. In the wake of the housing market crash,...

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Picture-Perfect Apartments

Marketing Insider Just seeing a person in a photo can make the viewer stop. And yet, many apartment communities shun from using people in their marketing materials for fear of fair housing. As reported in the June 2014 issue of...

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Average January Rent in NYC: $3,391

Data Insider Annual effective rent growth in New York City surpassed 5 percent in January for the first time in three years, continuing a season of growth in the nation's largest city, reports Axiometrics. The average New York renter is...

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Do It Yourself

Maintenance Insider Q: I have a double-sink with a garbage disposal, and all the scraps shoot up into the other sink when I use the disposal. The pipes are not clogged because the sinks drain fine otherwise. I have resorted...

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U.S. Rent Growth at 44-Month High

Data Insider Anyone who thought the strength that fundamental apartment market metrics demonstrated in 2014 would suddenly change ith the new year thought wrong. Annual effective rent growth, for one, has reached heights not seen in 44 months, reports Axiometrics...

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Chicago's Tallest Smoke-Free High-Rise

Management Insider Waterton Residential announced in March that Presidential Towers, its 2,346-unit apartment property in Chicago's West Loop neighborhood, has completed its transition to a 100 percent smoke-free residential community, making it the largest rental property in Chicago to prohibit...

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Oil Makes North Dakota Rents Slide

Data Insider Rents in the oil region of North Dakota have fallen by 15 percent to 20 percent in the first two months of 2015 as housing supply has increased. Over the past two years, multiple multifamily communities have opened,...

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Are You NAA's Member Advocate of the Year?

Political Insider "If you don't get involved in issues that affect you, you have no right to complain." - Malcolm Bennett 2014 AIMS Grassroots Member Advocate of the Year Grassroots advocacy is vital to the political efforts of our association...

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Chasing Technology's Latest Innovation

Marketing Insider It's probably not worth chasing the latest marketing technology just for innovation's sake, says Tom Fishburne, Founder of Marketoonist.com. Meerkat (which enables live streaming video on Twitter) was all the rage last month at the renowned SXSW Interactive...

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Maintenance Products: Price vs Value

R.O.E.-Return On Investment Is it price before value? Is it short-term savings or conservation over the long term? Choosing to invest in energy efficiency can come from a range of strategies. Some apartment owners may be looking for a quick...

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Movers and Shakers

Movers and Shakers • Management John DeSantis • VP of Information Technology • Pennrose Management • Philadelphia Pennrose Management Company promoted John DeSantis to Vice President of Information Technology. DeSantis joined Pennrose Management Company in 2011. Pennrose is quickly becoming...

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Leasing Renewal Rate Hits 10-Year High

Marketing Insider U.S. apartment renters are increasingly choosing to stay put rather than move up to new apartments, move to less-expensive units or move out to buy homes, according to MPF Research, a division of RealPage.Apartment resident retention rates hit...

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The Update

Management Insider More often than not, employees who receive work-related electronic correspondence after hours are angered by it, and that can interfere with their personal lives, according to a study released in February from a management researcher at The University...

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