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IMN’s Multifamily Newsletter: June Edition
 
 
 
Welcome to the latest edition of IMN's Multifamily Newsletter! In this issue you can find the latest details for participating in our upcoming Short-Term Rental and Multifamily Operations & Technology Webcasts. Additionally, IMN is pleased to announce our Multifamily Operations & Technology Virtual Conference, September 23 - be sure to keep scrolling for details!

That's not to mention an exclusive interview between Doug MacGinnitie, CEO of River Oak Risk, and Scott Stettler, CFO of Wasatch Property Management. The two had a candid chat (at social distance!) on Minimizing Costs, Improving NOI & Property Value. Also below is a podcast with Jonathan Brundige, Chief of Portfolio Management at Waypoint Residential discussing some of his firm's latest activities and his outlook for the multifamily market. Lastly, be sure to check out an interview with Nitya Capital's General Counsel, Mark Pearson, and a variety of the industry's latest headlines to keep your thumb on the pulse of today's unpredictable market.
 
 
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'Short-Term Rental: The Comeback' Webcast
Monday, June 29 | 2PM Eastern | Register for free
 
 
 
 
After 3 years of 100% growth the $87 billion dollar Short Term Rental market has had to take a pause to re-assess its best practices to reflect the new reality of Covid-19. Will the industry revive its fast-paced growth or will a retrenchment be necessary? IMN has recruited some of the top names in the field to discuss the changes in market growth, regulations, acquisitions, financing, property management, regulatory compliance and most importantly the future of the industry for all market participants.
 
 
 
 
'Multifamily Operations & Technology' Webcast
Tuesday, July 14 | 2PM Eastern | Register for free
 
 
 
 
Over the course of the last four months, the multifamily ecosystem has endured a historic level of unprecedented macroeconomic forces shaking the industry.  Multifamily professionals have remained light on their feet as they navigate new murky waters of virtual tours, regulatory changes, and mass migration out of large cities.  Which strong tactical adjustments will position property managers, owners, operators, and investors for success?
 
 
 
 
JUST ANNOUNCED:
Multifamily Operations & Technology Virtual Conference
Tuesday, October 6 | Full day | Learn more and register
 
 
 
Speaking and sponsorship opportunities are now available. Please contact Todd Rosenberg at trosenberg@imn.org for more information.
 
 
 
IMN is pleased to announce a first of its kind virtual gathering for senior operational professionals in the Multifamily industry! Built upon a best-in-class, user friendly platform, and structured to replicate our industry leading Middle-Market Multifamily Forums, our Multifamily Operations & Technology Virtual Conference features a day packed with educational thought leadership, networking and business development opportunities. Mark your calendar for Tuesday, October 6 to be sure you don't miss this must attend event. Learn more and register at www.imn.org/multifamilyops.
 
 
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CANDID CONVERSATION: 
Increasing NOI and Reducing Costs with River Oak Risk

Doug MacGinnitie, CEO of River Oak Risk, sat down with Wasatch Property Management CFO Scott Stettler for a candid conversation on captive programs and the operational benefits that come along with them. Read the full interview here or click below to watch their recorded conversation.
 
 
 
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PODCAST: IMN's Steve Glener speaks with Jonathan Brundige, Chief of Portfolio Management for Waypoint Residential

Steve and Jonathan discuss Waypoint's recent activities and the multifamily specialist's outlook on the current market landscape.
 
 
 
Listen to the podcast
 
 
 
 
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Q&A: IMN interviewed Nitya Capital's Mark Pearson, Managing Director & General Counsel

IMN: Have you been actively looking for acquisitions and have your due diligence procedures been updated?
Mark Pearson: We have several properties under contract or in negotiation. Our activity slowed for a bit, but...
 
 
 
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Q&A: IMN interviewed David Valger, President of DVO Real Estate
IMN: Can you tell me a little about DVO and its investment strategy?
David Valger: We invest in core plus, value add & ground up development multifamily opportunities. We invest via two structures...
 
 
 
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In the news
 
 
 
Multifamily Companies Ramp Up Staffing
"Multifamily companies are ramping up recruitment during the pandemic. The COVID-19 crisis and the subsequent economic fallout has catalyzed increased staffing efforts in property management, business development and client services, according to RETS Associates. Augmenting these departments will help companies respond to changing market dynamics.
“As the economy begins its recovery from COVID-19, the multifamily sector is expected to fare better than many..."

[Read full article]
When Will Building New Units Make Sense Again? Apartment Developers Remain Uncertain

"Some lucky multifamily developers will start work on new apartment projects at the perfect time, as the U.S. begins to recover from the economic crisis caused by the COVID pandemic.
They will likely pay far below last year’s prices for development sites. They should have an easy time negotiating with construction contractors. Their apartment units will open just as..."
[Read full article]
Multifamily Owners and Operators Navigate the Reopening of States
"As states begin reopening in phases after stay-at-home orders blanketed the nation due to the COVID-19 pandemic, apartment owners and operators are heeding guidance, prioritizing communication, and making decisions based on the market.
“To say there’s no playbook for this is an understatement on so many levels,” says Mike Gomes, chief experience officer at Cortland. “I’m so proud of how the organization has reacted."
[Read full article]
Rent Payments Reach 89 Percent
"Rental payments in the U.S. hit 89 percent as of June 13, a jump of more than 8 percent from the previous week, according to the latest report from the National Multifamily Housing Council.
By comparison, during the same time period last year, 88 percent of renters paid full or partial rent payments by June 13, 2019. The figure is a 1.3 percent increase from the share of rental payments tracked during the same time period last month. Last week’s report from NMHC, which gave the first look at June’s numbers, showed that 80.8 percent of renters had"
[Read full article]
 
 
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IMN has a variety of digital offerings that enable your brand to showcase its thought leadership and industry services. Contact Todd Rosenberg at trosenberg@imn.org to see what opportunities are available.
 
 
 
   
 
 
 
CONTACT US:

Information Management Network (IMN)

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Call: +1 212 901-0506 | Email: events@imn.org