Do you Philly love your renters? The news you need to know before Apartmentalize

If you’re like us, you’re gearing up for the City of Brotherly Love and Apartmentalize — the largest multifamily event of the season. ?

We’ve got you covered with the latest multifamily news. Let's get into it.?

IN THE NEWS

GlobeSt — More Renters Are Staying Put Longer

?? The great stay: One in six are now staying in their rental unit for 10 years or more. However, the lion's share of renters stay put for one to four years, just over two in five (41.8%). Read more.

Commercial Observer — Elle Fashion Brand Launching Condo in Miami

?? TL;DR: Development will be Miami’s first building branded after a fashion magazine. Major luxury brands have been lining up to attach their brands and styling to condo projects in South Florida. Why we care: if you can brand condos, branding apartments where 16.6% of renters stay more than 10 years just makes sense. Read more.

GlobeSt — Multifamily Absorption Skyrockets in Q1

?? FWIW: Absorption, time on the market, applications, and new supply are all at historic highs. Read more.

CLIENT WINS

Multifamily Executive — Pretium Completes Acquisition of BH Management Services, Bolstering Residential Ecosystem

BH CEO Joanna Zabriskie discusses the benefits the company will see post-acquisition. Read more.

RKW Residential — How Tech and AI Trends are Shaping Real Estate

JT Capital interviewed Funnel partner, Sarah Randolph , RKW Director of Marketing Technology, on their webcast, Buy Sell Chat! Listen to learn how RKW Residential is a high-touch high-tech company and how investing in tech differentiates the customer experience.

Watch the video to learn more.

Essex Property Trust shared their 2023 Environmental Social Governance (ESG) Report

The sixth annual report highlights notable progress towards the goals they introduced in the 2022 ESG Report and their recent commitment to setting science-based, near-term greenhouse gas reduction targets through the Science Based Targets initiative. Additionally, the report includes notable statistics about our leadership representation spotlighting 61% of women holding managerial positions and maintaining gender pay parity for the third consecutive year. Read the full report.

Camden is among the winners of the inaugural annual Glassdoor Award List of Best-Led Companies in 2024

The award is entirely based on the feedback Camden team members voluntarily and anonymously shared on Glassdoor. ?Read more.

FUNNEL FRESHEST

Make move-ins a breeze

Start your customer’s experience as a renewing resident or new renter off on the right foot with MoveIn. Renters can set up insurance, utilities, and more in one convenient checklist keeping onsite teams and future residents on the same page every step of the way. Anyone who has worked on site will tell you that renters ask them the MOST questions during the move-in process. A dedicated workflow that welcomes new residents into their new home, and decreases move-in-related follow-up for teams is a non-negotiable for a smooth renter experience. Retention efforts shouldn't start during renewal notices, MoveIn also creates a smooth renewal process for current residents.?

MULTI-FUNNIES

Learn more about our approach to AI.

THE CORNER OFFICE

Forum panel recap: Crack the Code: Boost Renter Sentiment and Drive Retention

The competition for resident loyalty has never been greater. Renter expectations are rapidly evolving, it’s a daunting task to keep up.?

This Forum panel moderated by Sara Scarborough Graham featured leaders championing an excellent customer experience through implementing elements of the new operating model. Learn from Noah Echols , VP of Customer Experience, The RMR Group; Susan G. , VP of Property Marketing, Lantower Residential; Brandon Gaeta , Director of Operations, Morgan Properties ; and Laurel Zacher , VP of Marketing + Customer Engagement, Security Properties and their discussion on competing for renters through excellent customer experiences. Read more.

Donald Davidoff — Multifamily’s data pioneer

Bridging numbers and people through data. Donald Davidoff — multifamily industry veteran, Godfather of revenue management, and CEO of Real Estate Business Analytics (REBA) — dropped some truth ??'s with Johnny Hanna?? in this episode of Multifamily Unpacked. Donald discusses how to bridge the gap between numbers and people through data.?

UPCOMING EVENTS

Apartmentalize — Put Out the Fire: Stop Burning Out Top Performers

Then, run do not walk to the “Put Out the Fire: Stop Burning Out Top Performers” session on Thursday 2:15 - 3:15 PM and — learn how to do all that from Allison Cargol Dunavant SVP Human Resources at Camden Property Trust , Noah Echols SVP Marketing + CX at The RMR Group , and Peter Lynch Chief People Officer at Cardinal Group Companies .?

When: Thursday, June 20, 2:15-3:15 PM

Where: Room 121ABC

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