TruAmerica Multifamily

Multifamily Leadership Unveils Gables Residential as a Top-Ranked Employer in the Best Place to Work Multifamily® & Multifamily Innovation Community Impact Award

Retrieved on: 
Monday, December 11, 2023

Gables ranked #2 in the Best Places to Work Multifamily® rankings by Multifamily Leadership and recognized with the Community Impact Award at the Multifamily Innovation® Summit in Phoenix, AZ, held December 5-6, 2023.

Key Points: 
  • Gables ranked #2 in the Best Places to Work Multifamily® rankings by Multifamily Leadership and recognized with the Community Impact Award at the Multifamily Innovation® Summit in Phoenix, AZ, held December 5-6, 2023.
  • The Multifamily Innovation Summit served not only as a celebration of accomplishments but also as a valuable platform for industry leaders to participate in the Multifamily Innovation® Showcase.
  • The Best Places to Work Multifamily® initiative shines a spotlight on companies like Gables Residential that excel in cultivating outstanding workplace cultures.
  • For detailed information and registration for the “Best Places to Work Multifamily®” program, visit www.multifamilyleadership.com/awards .

Blake Okland to Lead Cushman & Wakefield’s Multifamily Capital Markets Platform

Retrieved on: 
Thursday, November 30, 2023

While there, he also served on Newmark’s U.S. Operating Committee and its Global Capital Markets Board.

Key Points: 
  • While there, he also served on Newmark’s U.S. Operating Committee and its Global Capital Markets Board.
  • Additionally, he is an Executive Committee member of the National Multifamily Housing Council and a member of ULI’s Multifamily Gold Product Council.
  • Our joint venture with Greystone has contributed to our goal of building the finest multifamily platform in the country,” said Dan Broderick, President, Americas Advisory, Cushman & Wakefield.
  • In 2020, Cushman & Wakefield acquired Pinnacle Property Management, one of the largest multifamily property management firms in the U.S., further contributing to the expanded platform’s capabilities to service the multifamily sector nationwide.

Spherexx.com® Receives Dual Honors for "National Best Places to Work Multifamily®" from the Multifamily Innovation® Summit Awards

Retrieved on: 
Sunday, December 17, 2023

TULSA, Okla., Dec. 17, 2023 /PRNewswire/ -- Multifamily Leadership has awarded its National Best Places to Work Multifamily® awards since 2016. Judging criteria is rigorous based on high levels of employee participation and positive response rates from internal surveys that reflects a transparent and comprehensive view of the companies' levels of employee engagement and satisfaction with their employer.

Key Points: 
  • TULSA, Okla., Dec. 17, 2023 /PRNewswire/ -- Multifamily Leadership has awarded its National Best Places to Work Multifamily® awards since 2016.
  • Spherexx has been a multifamily data science, advertising, marketing, and technology leader since 2000.
  • This prestigious recognition was unveiled at the Multifamily Innovation® Summit in Phoenix, AZ, held on December 5-6, 2023.
  • Fair and Secure Work Environment: 100% believe they are treated fairly and feel secure in their positions at Spherexx.

The REMM Group Secures Top 10 Nationwide Spot on Best Places to Work Multifamily® List for Fourth Year

Retrieved on: 
Monday, December 11, 2023

The award was presented at the Multifamily Innovation® Summit in Phoenix AZ, following meticulous research and interviews by Multifamily Leadership.

Key Points: 
  • The award was presented at the Multifamily Innovation® Summit in Phoenix AZ, following meticulous research and interviews by Multifamily Leadership.
  • This recognition highlights The REMM Group's unwavering commitment to cultivating a positive work culture and driving innovation for an enhanced resident experience.
  • The Best Places to Work Multifamily® ranking assists job seekers in identifying companies prioritizing employee satisfaction.
  • Sara D'Elia, CEO of The REMM Group , expressed gratitude, stating, "We are honored that Multifamily Leadership has ranked us among the top ten Best Places to Work Multifamily Nationally for four consecutive years.

REV™ The Multifamily Leasing Company Promotes Christopher Giottonini to Vice President

Retrieved on: 
Wednesday, November 15, 2023

HOUSTON, Nov. 15, 2023 /PRNewswire/ -- REV™ The Multifamily Leasing Company, the industry leader in leasing management and optimization, announced the promotion of Christopher Giottonini to the position of Vice President. Giottonini, formerly the Director of Technology and R&D at REV, has been pivotal in driving the company's technological advancements and strategic growth.

Key Points: 
  • HOUSTON, Nov. 15, 2023 /PRNewswire/ -- REV™ The Multifamily Leasing Company, the industry leader in leasing management and optimization, announced the promotion of Christopher Giottonini to the position of Vice President.
  • Giottonini has also overseen multiple leasing projects, ensuring the effectiveness of REV leasing professionals and aligning client goals with data-driven leasing strategies.
  • As Vice President, Giottonini will continue to drive innovation and efficiency in the multifamily leasing industry.
  • Giottonini's technology and leasing management expertise uniquely positions him to lead this initiative and help clients achieve their leasing goals.

Fannie Mae Announces Leadership Changes

Retrieved on: 
Tuesday, November 14, 2023

WASHINGTON, Nov. 14, 2023 /PRNewswire/ -- Fannie Mae (FNMA/OTCQB) today announced a series of leadership changes following decisions by two veteran executives that they will soon retire from the company.

Key Points: 
  • WASHINGTON, Nov. 14, 2023 /PRNewswire/ -- Fannie Mae (FNMA/OTCQB) today announced a series of leadership changes following decisions by two veteran executives that they will soon retire from the company.
  • In addition, Chief Administrative Officer Jeffery Hayward announced his intention to retire as of December 31, 2023, after 36 years with Fannie Mae during which he also led the company's Multifamily business and its National Servicing Organization.
  • "We're deeply grateful to both Dave and Jeff for their leadership and decades of service," said Michael Heid, Chair of Fannie Mae's Board of Directors.
  • "Fannie Mae is well prepared for these transitions thanks to thoughtful succession planning and the strong leadership corps that Dave, Jeff, and others have helped develop through the years.

Jetty Extends the Positive Rent Payment Pilot with Fannie Mae

Retrieved on: 
Tuesday, November 14, 2023

NEW YORK, Nov. 14, 2023 /PRNewswire/ -- Jetty, the financial services company on a mission to make renting a home more affordable and flexible, today announced the extension of its work with Fannie Mae to give renters more opportunities to establish or improve their credit history with Jetty Credit, a service that reports rent payments to all three credit bureaus.

Key Points: 
  • As part of the extension and encourage adoption of Fannie Mae's Positive Rent Payment pilot, Fannie Mae is offering more multifamily property owner-operators the opportunity to participate through December 2024 by collecting and disseminating rent payment data for a 12-month period.
  • "Jetty Credit gives renters the opportunity to build and improve credit for the rent they're already paying," said Mike Rudoy, Jetty's Co-Founder and Chief Executive Officer.
  • "Working with Fannie Mae to offer Jetty Credit as a part of our existing financial platform has allowed us to reach a wider audience of renters, and we're delighted to extend our partnership."
  • Alongside the Fannie Mae pilot, Jetty will continue to offer Jetty Credit across its entire partner network, as well as the broader property ecosystem.

Newmark Names Sharon Karaffa as President, Multifamily Debt & Structured Finance

Retrieved on: 
Monday, November 13, 2023

NEW YORK, Nov. 13, 2023 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate adviser and service provider to large institutional investors, global corporations, and other owners and occupiers announces the appointment of Newmark's Sharon Karaffa as President, Multifamily Debt & Structured Finance. Karaffa will serve next to Chief Strategy Officer and President, Multifamily Capital Markets Jeff Day through year-end, concurrent with Day's planned retirement effective December 31, 2023. Karaffa will lead Multifamily Capital Markets in partnership with Chad Lavender, President of North America Capital Markets, who will serve as interim Head of Multifamily Investment Sales.

Key Points: 
  • NEW YORK, Nov. 13, 2023 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate adviser and service provider to large institutional investors, global corporations, and other owners and occupiers announces the appointment of Newmark's Sharon Karaffa as President, Multifamily Debt & Structured Finance.
  • Karaffa will lead Multifamily Capital Markets in partnership with Chad Lavender, President of North America Capital Markets, who will serve as interim Head of Multifamily Investment Sales.
  • In her new role, Karaffa will oversee all aspects of Multifamily Debt & Structured Finance, focusing on revenue growth, business development and client and lender relationships while also leading Newmark's Fannie Mae, Freddie Mac and FHA lending platforms.
  • Karaffa has over 20 years of experience, the majority of which has been in multifamily finance.

Apartments.com Publishes October 2023 Multifamily Rent Report

Retrieved on: 
Tuesday, November 7, 2023

Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent trends for October 2023.

Key Points: 
  • Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent trends for October 2023.
  • “All regions saw rents fall in October, but markets in the West and South experienced the steepest losses.”
    In October 2023, multifamily rents fell by 0.4% over the previous month, compared to a 0.5% decline in September.
  • Over the same period, Louisville saw rents increase by 0.3% and Las Vegas, Cleveland and Cincinnati experienced 0.1% rent increases.
  • Annual rent growth in October held positive in more than half of the top 50 markets.

Community WiFi Report: Only 1% of Renters Have the Internet Service They Want

Retrieved on: 
Tuesday, October 31, 2023

Highlights include the importance of Wi-Fi service selection, renter preferences, insights from operators and opportunities to create operational efficiencies via Community WiFi.

Key Points: 
  • Highlights include the importance of Wi-Fi service selection, renter preferences, insights from operators and opportunities to create operational efficiencies via Community WiFi.
  • “As an industry, rental housing is falling short of renters’ Wi-Fi needs and expectations, and those demands will only continue to grow,” said SmartRent CEO Lucas Haldeman.
  • “Renters not only need reliable service, but the flexibility to move about their communities without losing connectivity.
  • Among market rate renters, 48% reported a willingness to pay $79.99 a month for a gigabit Wi-Fi service.