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When It Comes to Multifamily Properties, Bet on Las Vegas

September 10, 2019

Multifamily housing units could be the answer for some families that are unable to find a single-family home that fits their needs. Most multifamily properties are purchased as non-owner occupied investment properties, although adventurous or savvy home buyers are...

As Need for Affordable Housing Grows in Vegas, Solutions Must Come from All Angles

August 26, 2019

The Las Vegas City Council’s decision this past week to use state bond funds to construct an affordable housing project is a needed step for the community. The $22.68 million in bonds go toward a $95 million multifamily housing development that will include 420 units,...

Was Does an Average 1 Bedroom Apartment Rent for in Las Vegas?

August 12, 2019

While San Francisco renters can breathe some relief as one bedroom rent dropped back down to $3,600, New York City renters are on the opposite boat as one bedroom rent reached a new 3-year high of $3,050 (beating out the June 2019 report’s previous record). Some key...

Is Bleutech Park Las Vegas a #FakeNews Mirage?

August 4, 2019

Call us a little skeptical on this one. This one sounds great on paper and reminds us a little of the hey days of crazy in Sin City, right before the housing implosion. A project called "Bleutech Park Las Vegas" will supposedly break ground in the Las Vegas valley...

Las Vegas Market Seen as Affordable

July 29, 2019

The median monthly rent for an apartment in Las Vegas has jumped more in the past year than any other major U.S. metro area, according to a new report. However, Susy Vasquez, executive director for the Nevada State Apartment Association, said the Las Vegas rental...

Affordable Housing Crisis: Longstanding Challenges Call for Non-Traditional Approaches

July 23, 2019

The numbers speak for themselves: With a shortage of 7.2 million affordable and available units for the lowest-earning rental households -- those with incomes at or below the poverty level, or 30 percent of their area median income, according to the National...

Vast Majority of U.S. Renters Use Online Ratings and Reviews in Apartment Search

July 12, 2019

Out of over 1,100 respondents to the 2019 Renter Insight & Digital Engagement survey, conducted by SurveyMonkey Audience for online reputation manager Binary Fountain, 93% of U.S. apartment seekers have used online reviews in their rental property search. A...

New Study Shows NIMBYism is the Biggest Multifamily Construction Barrier

May 12, 2019

According to a new study, NIMBYism is standing in the way of more affordable apartment construction across the U.S. As rents continue to rise, a new study from the National Apartment Association analyzed the factors in 29 major metros that make multifamily apartment...

SLIDESHOW: The Cities with the Most Multifamily Rent Growth

April 19, 2019

Arizona cities dominate the list of the cities that posted the biggest apartment rent jumps in the past year. National average apartment rents continued to go up in March, rising by 3.2 percent to $1,430, according to research firm Yardi Matrix. As always, however,...

Multifamily Real Estate Trends for 2019 and Beyond

April 17, 2019

The ways that architects, developers, and operators design projects, attract tenants, manage costs, and measure success are each flexing as cities change and generations make big shifts in living habits. We’ve observed several trends in the commercial real estate...

Economic Growth, Affordability Drive Las Vegas Multifamily Market

February 8, 2019

Las Vegas has landed at the top of the list for multifamily investment. The city has both economic growth and diversity as well as a significant affordability advantage compared to other Western US markets. Along with Phoenix, Las Vegas has rapidly become a hotspot...

Unprecedented Jewel Awards Three-Peat for Advanced Management Group

December 9, 2018

The Nevada State Apartment Association (NVSAA) held its 12th Annual Jewel Awards on December 8th at Planet Hollywood Resort and Casino, hosted by Fox 5's very own John Huck! The Jewel Awards recognizes excellence in the state of Nevada for multifamily communities,...