How Rent Control Limits Owner Profits and Maintenance in Portland, Seattle
A new rent-control modeling study that includes Portland and Seattle shows how the combined effects of limiting rents and deterring new construction work to reduce owner profitability and can limit maintenance.
The National Apartment Association...
Winter Seasonal Slowdown Stalls Multifamily Rent Growth
Rent growth and multifamily demand for housing remains strong and consistent despite a seasonally driven $3 decline in the average rent in November, according to the latest report from Yardi Matrix.
Average rents fell slightly...
Large Apartment Owner Drops Facebook Marketing For Its 260 Properties
A Kirkland, Washington-based owner of apartment homes has decided to drop Facebook marketing its properties to better protect privacy and data for its residents and business operations, according to a release.
Weidner Apartment Homes, the...
Portland Rents Decline for Second Month
Portland rents have declined 0.5 percent over the past month, the second month in a row the city has seen declines, according to the latest report from Apartment List.
Portland's year-over-year rent growth lags the...
Canadian Real Estate Trust Buys 2 Seattle-Area Apartment Complexes for $162 Million
A Canadian real estate trust has purchased the 366-unit Mosaic Hills Apartments in Kent for $81 million and the 336-unit Colby Creek Apartments in Everett for $81.3 million, according to a release.
RISE Properties Trust,...
Salt Lake City Rents Up For Second Month In A Row
Salt Lake City rents have increased 0.2 percent over the past month, the second straight month that the city has seen rent increases after a decline in September, according to the latest report from...
Rents Rise, As Do Political Pressure and Rent Control
Multifamily rents in the United States reached a new high in October, signaling strength and resilience across the industry but also provoking a backlash among advocates for renters and their allies in state governments...
Seattle’s Linden Square Apartments Sold For $52 Million
Two companies have purchased the 186-unit Linden Square Apartments in North Seattle for $52,750,000, according to a release.
RISE Properties Trust (“RISE”) a Canadian real estate trust based in Seattle, and Aegon Real Assets US...
Resident Preferences Show In-Person Tours Of Apartments Before Renting Still Important
Resident preferences show most renters still prefer an in-person tours of apartments with a representative, according to a new resident-preferences report from the National Multifamily Housing Council (NMHC).
“While emerging technologies have allowed communities to...
Demographics Continue To Drive Multifamily Demand
Demographics continue to drive multifamily demand, and along with lifestyle changes, will continue to fuel strong demand and the need for 425,000 multifamily rental units per year, Yardi Matrix experts said in a recent...