Giving Season: Multifamily’s impact beyond housing
This time of year over the holidays we want to focus our attention and spotlight organizations who work alongside and within multifamily companies and make the world a little better and brighter:
— HOME by Funnel Inc.’s partnership with Entryway and the impact that incredible organization makes to lift individuals out of homelessness through career training and job placement within our industry. Watch the video.
— MAA’s charity, Open Arms, which provides a home away from home for those who must travel to receive medical treatment.
Organizations like this show how critical housing is to our everyday well-being, and how important our industry is in over one-third of American’s daily life. Let’s get into the news (and the good news) you need to know.
IN THE NEWS
Apartment Renewals Climb in Most Large Markets
Retention continues to be important with current market conditions: More than 54% of renters in market-rate apartments renewed their leases, up 120 basis points from last year. Renewal rates were meaningfully lower in San Diego and Austin, however. Read more.
What’s Next for Affordable Housing?
Why you should care: Experts weigh in on what will shape the sector in the upcoming year. Research by the Harvard Joint Center for Housing Studies shows that the need for affordable housing has never been greater across the country. Read more.
CLIENT WINS
Greystar’s First U.S. Modular Apartment Complex Signals Growth In Once-Fringe Sector
Why you should care: The country’s biggest apartment owner is jumping into what has until now been a niche segment of the housing market with the opening of its first U.S. modular complex. Read more.
Blueprint for Innovation: Piloting and Sustaining New PropTech in Multifamily
TL;DR: BH’s Director of Strategic Solutions, Amy Chien, recently moderated a panel discussion at OPTECH.The panel focused on vetting and implementing technology partners, and gives a great perspective from a respected operator. Read more.
Denver-Based Investors Lead The Charge In Wave Of Multifamily Deals
Shoutout: Avanti Residential, closed on its second Northglenn property. Read more.
MULTI-FUNNIES
FUNNEL FRESHEST
Stop fraud before it gets a foot in the door
Protect your properties and your teams with Funnel’s pre-tour ID verification while also saving your team’s time, consolidating your tech stack and improving the renter experience in the process.
THE CORNER OFFICE
HOME by Funnel Inc’s partnership with Entryway
We are proud that for every new lease signed using our online leasing solution, $1 goes toward HOME, and through HOME to organizations, like our partnership with Entryway, that help families, and individuals. Supporting Entryway ensures families have opportunities to rebuild their lives and end their homelessness.
Donate to HOME by Funnel Inc, Entryway or other organizations that are making a positive impact in our industry.
THE PODCAST
Kylee Lambert — Open Arms — The Heartbeat of MAA
We wanted to give our newsletter subscribers a sneak previews to our FINAL episode of season three of Multifamily Unpacked, with Kylee Lambert, Senior Vice President at MAA, and President of Open Arms. Open Arms provides a home away from home at no cost for those who must travel to receive medical treatment and is the heartbeat of MAA.
Listen on Apple Podcasts, Spotify, or wherever you get your podcasts.
UPCOMING EVENTS
See you at NMHC Annual?
As you decide how to spend your time at Annual this year, our CEO, Tyler Christiansen, would love to connect with you. He'll share insights on how AI and specialization are giving operators the flexibility needed to insulate their businesses from market shifts.
When: January 28-30, 2025
Where: NMHC Annual in Las Vegas
Forum = Epic gift to leaders
Give your leaders a gift they’ll love: Attending the second annual Forum! We’re 2/3 sold out, and are excited to welcome: top-tier global speakers like modern stoic Ryan Holiday and AI-expert Nicholas Thompson, electrifying entertainment including Micah Pueschel from Iration (and friends), and a brand-new user track designed to help you master Funnel and supercharge your career.
Sharing is caring, groups of three or more receive a group discount.
When: April 15-17, 2025
Where: Terranea Resort
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