Other Multifamily News

ILoveLeasing.com® Spherexx.com® CRM+ was announced as a winner of a Bronze Stevie® Award in the Customer Service Department of the Year - Computer Services and Software in the 15th Annual International Business Awards®. The Tulsa, OK based company developed ILoveLeasing.com® in 2006 as one of its software offerings and it has been serving the multifamily industry since with lead management, marketing analytics, cost analysis and seamless integrations with popular property management accounting software and services. Other IBA winners in this category include Rimini Street, Carbonite, Inc., Cvent Inc., Zype, and Diligent Corporation.

Commercial Acoustics, a company that develops a number of products aimed at reducing sound transmission in commercial and multifamily buildings, is the winner of the 2018 NMHC Innovation Challenge.

LIVEbe, a premier apartment developer and operator, today announced that Jennifer Rucker, vice president of operations, has been named the John M. Gallagher, CPM Property Management Professional of the Year by the Property Management Association.

HOUSTON, TX – November 12, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces financing totaling $800.45 million for a 23-property multifamily portfolio consisting of 7,289 units across eight states.

SAN DIEGO, CA – November 8, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $14.5 million in financing for Luna Sol Apartments, a 52-unit, podium-style apartment community in Kirkland, Washington.

Statement from National Multifamily Housing Council (NMHC) CEO Doug Bibby on California Ballot Initiative Proposition 10:

“California voters sent a resounding message yesterday that rent control is not the answer to solving the housing affordability crisis. Rent control exacerbates the very problem it attempts to solve—results nearly universally recognized in academic literature.

“While it is clear rent control is the wrong path, more needs to be done to alleviate housing affordability challenges across the country. Addressing this crisis will require a three-pronged approach. First, we must address the tremendous shortage of homes and remove barriers to adding more supply. Without doing so we will never meet the demand for 4.6 million new apartments by 2030. Second, local governments must take the lead and find innovative, public-private partnership opportunities to bring the price point down to create more affordable housing. Third, we must use targeted subsidies to help the neediest families today.

“Proposition 10 was an example of short-term, wrongheaded policy. However, it also highlights the very real affordability problems that families are facing. NMHC will continue to work to put forward creative, unique ideas and policies while remaining vigilant against proposals like Proposition 10 that would inhibit growth and deepen the affordability crisis.” 

Learn more about rent control at nmhc.org/rentcontrol

#1 HUD Lending Platform Sees Boost from 150% Increase in YOY Bridge Loan Volume

#1 HUD Lending Platform Sees Boost from 150% Increase in YOY Bridge Loan Volume

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