How developers are adapting to residents’ new live-work-play lifestyles, By Joe Bousquin, Multifamily Executive

Key Excerpt:

“The idea of a live–work lifestyle is nothing new. In fact, it was the norm in America before the advent of the automobile. But developers of both for-sale and rental homes say that trend is now reversing itself at breakneck speed, as technology has altered the concept of work as a place and demographics have changed residents’ lifestyle demands. These shifts, they say, are rapidly transforming the development landscape—and the strategy developers apply to their business—in ways that would have been anathema just 10 or 15 years ago.”

 

Tech startup seeks to boost performance of CRE investments, By John Egan, NREIOnline.com

Key Excerpt:

“Frank and Barillas are co-founders of Stratafolio, a Cedar Rapids, Iowa-based tech start-up aiming to modernize the way commercial real estate investors analyze and act on data. Frank is CEO of Stratafolio, and Barillas is chief technology officer; the entrepreneurs are married to one another. Stratafolio’s technology enables investors to view portfolio data from various sources in one dashboard or to look at data in a single asset class, delivering insights into past, present and future performance of real estate holdings.”

 

Rate of multifamily rent growth in U.S. slowing, By Brett Widness, Urban Land Magazine

Key Excerpt:

“U.S. multifamily rents increased in May for the third month in a row, according to Yardi Matrix’s monthly survey of 121 markets, but the rate of growth continues to decelerate. On a year-over-year basis, U.S. monthly rents were up 1.5 percent nationwide in May, down 40 basis points from April, well below the 5.3 percent growth rate of a year ago. The year-over-year growth rate has decreased for 13 straight months since peaking at 5.4 percent in April 2016. The last time the year-over-year increase was as low as 1.5 percent was in April 2011.”

 

Industrious eyes suburban growth in Atlanta, By Jarred Schenke, Bisnow

Key Excerpt:

“As Industrious inks its fourth Atlanta deal — a 19,000-square-foot lease at Stockyards, a 142,500-square-foot adaptive reuse project in West Midtown in a joint venture between Federal Capital Partners and Westbridge — CEO and co-founder Jamie Hodari said its growth in Atlanta is far from done, with the firm eyeing potential locations in Central Perimeter, the Cumberland/Galleria area or even Decatur.”

 

Atlanta hotels projected to be even more profitable in 2017, 2018, By Jarred Schenke, Bisnow

Key Excerpt:

“A recent CBRE Hotel Horizons report predicts Atlanta hotel RevPAR, or revenue per available room, will increase by 4.4 percent during 2017, mainly on the shoulders of a 4 percent average daily room rate gain. Much of that will be seen in the lower-priced hotel segment.”