APARTMENT FINANCE TODAY

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Shabnam Mogharabi, Editor
smogharabi@hanleywood.com

Today, the name of the game is conserving cash and generating new sources of income, and multifamily CFOs are employing every trick in the book to accomplish just that. Interestingly, the tactics they are using spread the gamut. According to a recent survey conducted by Apartment Finance Today, 37 percent of firms looking to boost net operating income (NOI) are choosing to pass utility costs on to residents. An additional 18 percent are reworking their revenue management system, while 15 percent are opting to resell cable or sell renters’ insurance. What was most surprising, however, was that nearly a quarter of respondents (23 percent) are employing no new strategies to grow NOI. That’s a shame, especially in the current economic environment, where every single dollar matters and creative solutions are a necessity of the job. Want more? Stay tuned: These findings and more results from the AFT survey will be available in the September/October issue of the magazine. Keep an eye out for it, and you’ll be sure to glean a few more nuggets of wisdom.

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WEB EXCLUSIVES

GSEs Tighten Up On Student Housing Deals

While the student housing market has been a bright spot for the multifamily industry this year, lenders are growing more conservative in their approach to the sector.
FULL ARTICLE

Citi Brings $1 Billion to the Tax Credit Market

Citi Community Capital has rolled out a $1 billion program, a combined debt and equity fund, to re-engage the low-income housing tax credit market in a big way.
FULL ARTICLE

Freddie Mac's CME Program Lives Large

In September 2008, after Lehman Bros. collapsed and as all hell was breaking loose in the capital markets, Todd Trehubenko received a call from a long-time client.
FULL ARTICLE

Speculation Grows on Freddie LIHTC Sale

The prospect of Fannie Mae or Freddie Mac selling their low-income housing tax credit portfolios has sent chills through a tax credit industry already struggling to attract investors. But now, it looks like the companies may be ready to cash out.
FULL ARTICLE

Kaplan Management Company is now accepting fee management assignments

Led by a group of seasoned professionals, Kaplan Management Company has more than 31 years of experience in property management.

To inquire about how Kaplan can exceed your expectations, contact Michael Kaplan or Geoff Simpson. (713) 977-5699
Kaplan@KapCorp.com KapCorp.com

Owners in the New Economy: Grappling with Insurance Costs

Who says multifamily rent fundamentals are soft? Memphis, Tenn.-based Mid-America Apartment Communities just hit company records for occupancy (95.6 percent) and funds from operations ($29.8 million) for the second quarter, according to earnings released by the REIT on August 5.
FULL ARTICLE

Bill Seeks to Extend NMTCs

Legislation that would extend the New Markets Tax Credit has been introduced by Sen. Jay Rockefeller (D-W.Va.).
FULL ARTICLE

Citi, Fannie Mae Close $512 Million Seniors Deal

Fannie Mae financed its largest seniors housing deal of the year—and third-largest in its history—with a $512.9 million credit facility for Senior Housing Properties Trust.
FULL ARTICLE

RealPage Hires Exec to Steer Expansion into Niche Markets

This month, Carrollton, Texas-based multifamily technology firm RealPage announced its hire of Michael Britti as senior vice president of the company’s newly formed mergers and acquisitions group. Britti will immediately assume all major RealPage M&A efforts from RealPage founder and CEO Steve Winn.
FULL ARTICLE

Amid massive dislocation in America's and the world's economy, development of communities got swept up in the vortex of frozen credit, gun-shy lenders, and a general stigma on real estate among investors and other sources of capital. At the 2009 Developer Conference, find out where opportunities will surface earliest, learn how to leverage design sustainability, energy and water conservation credits, and build a response to the tough challenges facing developers today. Register Now!

APARTMENT FINANCE TODAY

HOUSING FINANCE BLOG

Read about deals, subsidies, gossip, taxes, and sneaky fine print in the world of rental real estate, from the editors and writers of APARTMENT FINANCE TODAY here.

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Contact

To reach APARTMENT FINANCE TODAY Editor Shabnam Mogharabi, please e-mail smogharabi@hanleywood.com

To reach APARTMENT FINANCE TODAY online Web Producer Spencer Markey,
e-mail smarkey@hanleywood.com

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