A bracket of the must-know multifamily March news
It’s go-time! The Forum kicks off in just a few weeks and we are thrilled to see so many (nearly 100 of you) believers in a better operating model at Terranea soon. ICYMI, The Forum is SOLD OUT, but you can still join the waitlist.
Other headlines from the past month: revenue management class action lawsuits enter the hospitality space, housing costs are impacting inflation, another major acquisition, and the trend of legislation focused around short-term housing affordability measures which may limit both affordability and supply long term.
Let’s get into it.
IN THE NEWS
Pretium to Acquire BH Management Services to Expand Residential Real Estate Footprint
🚀 TL;DR: Congratulations to our partner, BH , and to Pretium. This demonstrates more consolidation in the market and the continued rise of mega managers. Read more.
Housing Costs Are Running Hot, but Is the Data Missing a Cooling Trend?
🚨 Dampens FED’s appetite for rate cuts: Overall inflation eased substantially over the past year. But housing has proved a tenacious — and surprising — exception. Read more.
Hilton, Hyatt Among Hotel Chains Hit With Room Price-Fixing Suit
📈 Why it matters: This is similar to the class-action lawsuits hitting multifamily regarding revenue management. Read more.
Funnel CRO, Johnny Hanna, named a 2024 CRE Tech Influencer by GlobeSt. Real Estate Forum
🥳 FIWIW: The winners of this award are recognized for their role in assisting companies to innovate processes through their technological expertise and leveraging new/improved technologies. Hanna is one of the industry’s best-known revenue leaders and co-founders. Read more.
20 conversations with senior multifamily executives about the outlook for 2024 and beyond
👀 Why you should care: Revenue growth is the biggest concern as record new supply continues to arrive across many markets + most people surveyed expect this year to be worse than last year. Read more.
CLIENT WINS
Kane Realty Corporation unveils new flexible operating model for their 4,000 unit portfolio
Stephanie Versin, SVP, Head of Marketing and Leasing at Veritas Investments shares how they think about technology and centralization with their geographically dense portfolio.
FUNNEL FRESHEST
Product Tour | FunnelSecure identity verification
FunnelSecure increases efficiency and saves your teams of application specialists or leasing agents time through the application process. No more time wasted tracking down documents, or verifying their accuracy. See it in action below.
MULTI-FUNNIES
THE CORNER OFFICE
The Report
Tune in to hear Alex Howe and I talk about the latest news in multifamily.
— BH’s acquisition
— Dom Beveridge’s brand new 20 for 20
— Revenue management lawsuits in the hotel industry
— AirCanada + the curious AI chatbot case
— New state-level lawsuits + legislation
— The latest on inflation and housing costs
THE PODCAST
The Response
To encourage healthy debate in multifamily we kicked off a new series — The Response — to our segment The Report in which Alex Howe and I discuss the latest news surrounding the multifamily industry.
Dom Beveridge shared his insights on what's happening in litigation and legislation, particularly in Colorado. Jake Holzman 🏡 discussed the intricacies of rent reporting.
Listen to this week’s Report (above), and send me a message if you have a unique perspective on any of the topics covered.
UPCOMING EVENTS
Forum = sold out
The inaugural Forum — for believers in a better operating model — is sold out. You can still join the waitlist, to join nearly 100 multifamily leaders for two and a half days of in-depth, actionable conversations, about multifamily toughest challenges (slow rent growth, needed efficiencies, talent churn, and rising costs).
If you have big plans for AI, automation, centralization, and creating an ideal renter experience, you don’t want to miss the conversation.
When: March 27-29, 2024
Where: Terranea Resort.
How: Join the waitlist
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