AZCREW’s Post

I was excited to attend the Bisnow - Multifamily Annual Conference in Austin yesterday. A few key takeaways from the event: In the next 12 months, the market shows a shift towards tax-advantaged opportunities, with an expectation of quieter than recent traditional development activity. Developers must drive reduction of construction costs where possible without sacrificing quality while navigating significant challenges such as escalating insurance costs. Despite these obstacles, Austin's long-term viability remains strong, as evidenced by robust buyer interest on limited seller options. There is a scarcity of available properties and a notable number of observers on the sidelines. As it relates to mixed-use developments, it's all about location, location, location in fostering pedestrian-centric communities. Addressing challenges such as parking minimums/maximums while aligning with lender requirements underscores the need for thoughtful urban planning. Looking forward, a resurgence in project activity is anticipated in 2025, guided by strategic shifts towards affordable housing development and transit-oriented design to accommodate Austin's evolving landscape.

𝗧𝗼𝗽 𝟯 𝗥𝗲𝗮𝘀𝗼𝗻𝘀 𝗪𝗵𝘆 𝗔𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴𝘀 𝗔𝗿𝗲 𝗮 𝗦𝗺𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝟭. 𝗦𝘁𝗮𝗯𝗹𝗲 𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄 Even if one tenant leaves, others are still paying rent. Apartment buildings typically offer a consistent and reliable stream of rental income. 𝟮. 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗲𝘀 𝗼𝗳 𝗦𝗰𝗮𝗹𝗲 Investing in apartment buildings allows for economies of scale. Managing one building instead of multiple houses means lower costs and fewer headaches. 𝟯. 𝗔𝗽𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗩𝗮𝗹𝘂𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 Apartment buildings have a strong potential for long-term appreciation. With smart upgrades, your building’s value grows, and so does your wealth. For someone like me who didn’t want to give up medicine, but still wanted generational wealth, 𝗮𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 𝗯𝘂𝗶𝗹𝗱𝗶𝗻𝗴𝘀 𝘄𝗲𝗿𝗲 𝘁𝗵𝗲 𝗮𝗻𝘀𝘄𝗲𝗿. 𝗗𝗿𝗼𝗽 𝗮 💯 𝗶𝗻 𝘁𝗵𝗲 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀 𝗼𝗿 𝗵𝗶𝘁 𝘁𝗵𝗲 𝗹𝗶𝗻𝗸 𝗶𝗻 𝗺𝘆 𝗯𝗶𝗼 𝘁𝗼 𝘀𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗮 𝗰𝗮𝗹𝗹 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲!

How can professional commercial landscaping drive return on investment? The answer varies based on which type of business or institution you operate! See which features make the biggest impact for school campuses, multifamily living, restaurants, retail, and more in our latest article 🌲 https://loom.ly/FE91YyI

💡 Trends in Multifamily Development in the Twin Cities 🏗️ A surge of over 46,000 new multifamily units, driven by pandemic-era low interest rates, have transformed the Twin Cities landscape since early 2020.

This 76-page special report from BD+C is overflowing with insights on the multifamily housing construction sector, including the top 10 trends in the Multifamily, Student, Seniors and Affordable sub-sectors, their 2024 “Multifamily Construction Outlook” and 4th “Multifamily Amenities Survey,” plus exclusive research, continuing education and MORE! READ AND DOWNLOAD THE REPORT HERE: https://lnkd.in/gwhbDK36 #AffordableHousingTrends #MultifamilyHousingTrends #StudentHousingTrends #SeniorHousingTrends #MultifamilyHousingConstructionTrends

Interesting article on what technology residents in multifamily developments are really looking for in their homes. The Hudson will check these boxes and more. High Speed internet- ✅ by Google Community WiFi - ✅ by Google Reliable cell coverage- ✅ Internet ready on Move-in day - ✅ by Google Smart Thermostats- ✅ by Geokey Leak Detection- ✅ by Geokey Unit Smart Locks - ✅ by Geokey Common Area access control - ✅ by Geokey Lots of planning has gone into this phase of the project which will help our residents in their daily lives while living at The Hudson.

Fantastic article in regard to retrofitting properties with proper proptech solutions. Analyzing the capabilities of an advanced technical solution to upgrade a property is crucial for proper implementation. With the expense of adding new amenities to a property, many owners/managers are looking at tech to upgrade the community giving it higher attractiveness and increasing NOI. But as we know not all are alike and the analysis has to happen first. Thanks Whitney Kidd for the amazing insight here!

🚀 The Future of Multifamily: Positioning Condos and Co-ops for Success in DC and NYC 🌆 Are you involved in the multifamily housing sector? Join us for a crucial webinar on navigating the current Building Performance Standards (BPS) landscape in Washington, DC, and New York City. Event Details: 🗓️ Date: November 7, 2024 💻 Format: Virtual 💰 Cost: Free This event, hosted by the Building Energy Exchange, Building Performance Partnership, will feature insights on how condos and co-ops can strategically prepare for compliance with evolving regulations. Hear from industry experts, including real case studies from NYC and DC, followed by a moderated discussion with service providers and condo board members. Why Attend? ✔ Understand the unique challenges condos and co-ops face in meeting BPS compliance. ✔ Learn best practices and actionable strategies for short- and long-term success. ✔ Network with peers and gain insights from experienced professionals. Presenters: Thomas Ostrowski, Co-op Board President, 172 E. 4th Street @Nigel Twose, Co-op Board President, Shoreham West Panelists: Max Bremner Bremmer, Senior Energy & Decarbonization Project Manager, Baumann Consulting Darren Johnson, Account Manager, Bright Power, Inc. And more! Institute for Market Transformation Don’t miss out on this opportunity to position your property for success in the evolving multifamily landscape! 👉 Register now: https://lnkd.in/eVGHCAAs #Benchmarking #BEPS #BestPractices #CoOps #CondoToolkit #MultiFamily #BuildingPerformance #Sustainability #Webinar #EnergyEfficiency

Are you an explorer within the world of multifamily? If so, this webinar (that goes live tomorrow) is for you 👇!

Curious about how Delta Peerless and Brizo can help you and your needs in the Multifamily Space? Follow our new Multifamily Page to keep up to date with who we are, what we offer, and where we are going.