insights

RAW MATERIALS SHORTAGE: IS THERE A LIGHT AT THE END OF THE TUNNEL? A large portion of delays in construction project completion is due to the lack of raw materials.   This issue first came about shortly after the onset of COVID.  Manufacturing facilities and warehouses were closed due to COVID...

NEW TREND: RETROFITTING & REMODELING AMENITIES Sales of multifamily assets have been increasing substantially, especially over the past year.  New owners are looking for ways to make their community stand out, to offer attractive amenities that will lure prospective renters to their leasing office as opposed to the competitors’. Below...

Anyone who owns or manages a multifamily property understands how crucial it is to maintain high occupancy rates. With so much competition out there, it can be challenging to set your property apart from the rest. That is where amenities come into play.  Adding to or upgrading existing amenities is...

2021 MULTIFAMILY INTERIOR DESIGN TRENDS A lot of the multifamily design trends for 2021 have come about due to the pandemic (think comfort and work-from-home), with others evolving from fashion or practicality. Style Style, in general, depends on the geographic location as well as demographics of the target tenant.  Although...

LAA’s “Where Are We Wednesdays” Property Member Spotlight: Halsey Flats Halsey Flats was recently highlighted in the Louisville Apartment Association’s weekly Property Member spotlight series, “Where Are We Wednesdays”! “Halsey Flats is a 50-year-old community located in a prime St. Matthews neighborhood, directly behind Mall St. Matthews!   In 2019, they...

2021 MULTIFAMILY AMENITY TRENDS If we were back in 2019 and looking ahead to 2020 and beyond, it is doubtful that we could have pinpointed what would be in terms of multifamily community living – especially amenities. Gone are the days of large indoor gathering areas and in-unit washer and...

5 ADVANTAGES TO HIRING A SELF-PERFORMING NATIONAL GENERAL CONTRACTOR VS. A LOCAL GENERAL CONTRACTOR Choosing a general contractor for your new renovation project is probably the second most important decision you will have to make, aside from the actual decision to purchase the asset.   One question that may come to mind...

HOW TO VALUE ENGINEER YOUR SCOPE OF WORK  You have the ideal scope of work complete with everything you would like, but after reviewing the proposals received you realize that something’s got to give.  Your budget will not allow for all of the things on your “wishlist” scope, so what...