120 East Liberty Drive
Wheaton, Illinois 60187
Written by: Patrick Clark In 2007, Arlington (Va.)-based property management company AvalonBay Communities made a seemingly obvious decision. The company stopped accepting rent at its apartment buildings, and started making tenants send payments to a centralized office. Renters could put checks in the mail or use a new online system to transfer payments from one…
Multifamily properties are thriving! According to Freddie Mac’s mid-year multifamily outlook, the U.S. market has vacancy rates at a 13-year low. So, why the increase of demand for multifamily properties? Joint Center for Housing Studies of Harvard University states that there are several factors to look at that could be contributing to the rise of…
By: Ian Ritter Now that the millennial generation has entered the workforce in a big way, there is a lot of talk about its impact on commercial real estate. We heard a lot about this recently at Connect Los Angeles and it’s clear they are influencing every facet of the industry. This sentiment was echoed…
Here are 10 fun facts about commercial real estate that will surprise you!
With an estimated 300,000 new apartment units being built every year, older apartment complexes can be a turn off to renters, especially if they are outdated. New apartment complexes are being built with all the bells and whistles to attract millennials who tend to have high expectations of living arrangements. So, while these Class A…