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Chicagoland Apartment Association's concealed carry panel recap
Titan Security Group
On Feb. 28, more than 75 members attended the Chicagoland Apartment Association panel regarding "The Effect of Concealed Carry on Rental Property Policies." The panelists discussed the statute and broke it down as it applies to apartment properties, tenants and employees.
Some of the key topics were:
Prior to determining your policy you should consider:
Consulting with legal counsel to assess liability
Consulting with risk management regarding any impact on coverage and premiums
Consulting with your marketing/leasing team to understand any implications to your target residences
Consulting with your security services provider regarding the enforcement of the policy and procedures you may adopt
The implications on the culture of the building and the lobby experience
For a recap of the panel from the Chicago Sun-Times, please click here.
New-home building is shifting to apartments
The Wall Street Journal
The share of new homes being built as rental apartments is at the highest level in at least four decades, as an improving jobs picture spurs younger Americans to form their own households but tighter lending standards make it more difficult to buy.
4 reasons Americans are losing interest in owning a home
The housing recovery ought to be gathering steam, since the economy is improving, the unemployment rate is falling and banks are easing up on lending standards. Yet the opposite seems to be happening, with home price gains flattening out and sales of existing homes — the vast majority of all sales — dipping.
What lies ahead for the multifamily market?
After several years of white-hot performance, the nation's multifamily sector is beginning to post more normalized numbers. Rents and occupancy continued to rise throughout 2013, but rates of growth were a bit lower compared to the previous year. Still, make no mistake about it: with demand from millennials and echo boomers expected to remain strong, 2014 should be another good year for the multifamily market.
When you were born says plenty about your housing needs
Not too long ago, builders followed a one-size-fits-all approach with prospective homebuyers.
Basic, plain vanilla floor plans were designed for a diverse group of people.
Now, demographics are driving housing styles and choices. Generation Y, Generation X and baby boomers have all sorts of ideas about their dream home. And homebuilders and multifamily housing developers are catering to these segments to expand their market share.
Everything is a rental now
The idea of "buying" a home in this economy is reserved for people who are richer, more responsible, and luckier than you. For you, the average American, the only choice is to rent. Which is good, because they're building rentals faster than you can say "But will you allow my dog, Baxter?"
Why demand for apartments is expected to go up and up
Albany Business Review
The Albany, N.Y., region isn't the only place in the United States on an apartment-building binge.
The whole country is riding the same wave.
Every wave crashes.
Will this one?
Chicago investor buys 238 apartments in west suburbs
Crain's Chicago Business
A Chicago apartment investor that has focused on buying distressed buildings in the city is taking another swing in the suburbs, paying nearly $13 million for 238 apartments in Glen Ellyn and Addison.
Ventures of Windy City RE LLC paid about $6.9 million for the 120-unit Parkside complex at 16-24 Parkside Ave. in Glen Ellyn and $5.8 million for 118 units in seven out of the 13 buildings at the Villa Brook Apartments at 107 S. Villa Ave. in Addison, said Milan Rubenstein, a Windy City principal. The firm plans to fix up the properties and raise rents.
Multifamily glass half empty, half full
There was no lack of multifamily gurus at RealShare Apartments East. Conference attendees filled a banquet hall at Eden Roc Miami in Miami Beach to hear what multifamily industry experts had to say about everything from the capital stack to the condo boom and beyond. In one panel, "Industry Leaders: View From the Top," multifamily insiders offered their perspectives from 30,000 feet on what's going on in apartments from Miami to Boston.
Missed last week's issue? See which articles your colleagues read most.
CAA In Focus
Colby Horton, Vice President of Publishing, 469.420.2601
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Ashley Whipple, Senior Content Editor, 469.420.2642
Chicagoland Apartment Association
557 W. Randolph St. #201 Chicago, 60661
Phone: 312-207-1890/Fax: 312-207-1890
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