Industry News

Congress Passes Tax Reform

NMHC, December 20, 2017. “Although every piece of complex legislation includes positive and negative provisions, NMHC/NAA believe the Tax Cuts and Jobs Act largely reflects the industry’s priorities and keeps intact the critical elements of the multifamily business model.”

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Baby boomers, like millennials, are flocking to rentals offering a ‘hands-free’ lifestyle.

CNBC, November 25, 2017. “Like millennials, many boomers want amenity-rich apartments in good neighborhoods as they downsize from bigger houses. “.

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Long-Term Outlook for Rental Apartments Remains Positive

NREI, August 24, 2017. “Strong demand will continue over the next decade, according to a NMHC/NAA report.”.

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Elevated Demand for Apts. Expected to Remain Due to Household Formation and Lack of Affordable Housing Options

CoStar, June 22,2017. “Separate studies issued this week share the same conclusion that demand for rental apartments and other housing options will stay at elevated levels”.

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Multifamily: It’s All About the Fundamentals

Freddie Mac, May 09,2017. Despite recent reports about softness in a few very high-cost markets, multifamily continues to be robust, as indicated by steadily rising rents in most markets.

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Jed B. Millburn named a finalist in the 2017 Entrepreneur Of The Year® program!

Jed B. Millburn, Founding Principal and CEO of Millburn & Company, was recently announced as a finalist in the Entrepreneur Of The Year 2017 Utah Region Awards program.

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2017 Forecast: Rent Growth to Match Long-Term Average Performance will Strengthen in 2018 and 2019

Axiometrics, April 7, 2017. The latest forecast estimates average rent growth of 2.3% this year, equaling the average rate from 1995-2016 and actually 10 basis points (bps) higher than the previous forecast’s estimate. .

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Yardi: Rent Gains Return in March, but Growth Continues to Moderate

Multifamily Executive, April 6, 2017. March’s $6 gain marked the first positive change in the average U.S. monthly rent in five months and the most significant gain since last June.

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Apartment Returns Shifting to Secondary Markets

John Burns Real Estate Consulting, April 5, 2017. Secondary apartment markets and what we call surban™ locations (desirable suburban locations with urban amenities) have shifted to become outperformers.

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U.S. added 235,000 jobs in February; unemployment rate dropped to 4.7 percent

The Washington Post, March 10, 2017. The U.S. economy added a healthy 235,000 jobs in February, according to government data released Friday, surpassing economists’ expectations.

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