As the U.S. Population Ages, Multifamily Managers Will Need to Adjust

Americans are growing older, but they are not going away. Far from being consigned to nursing homes and retirement communities, those age 55 and older have in recent years shown a desire to be where the action is, and will want that again, after the coronavirus pandemic subsides. They want a connection, not only with [...]

How To Know When The Rent ISN’T Too Darn High

The challenge facing the owners of rental properties was underscored by a man named Jimmy McMillan, who once ran for governor of New York on the-rent-is-too-(darn)-high platform. In fact, that was what he dubbed his party: The Rent Is Too (Darn) High. (Footnote: He was later evicted from his rent-controlled apartment in New York City [...]

What to do When Your Multifamily Property Turns Out To Be Historic

The phrase “George Washington slept here,” a reference to a long-ago play and motion picture, has also been used, tongue-in-cheek style, in connection with any property that might have historical significance. But what if that is really the case? What if George Washington (or, for that matter, Gen. George Patton, or George Santayana) really did [...]

Preserving the Past, while Facing the Future

The Wrigley Building, one of Chicago’s iconic structures, dates back to the early 1920s, when William Wrigley Jr. settled on a site along Michigan Avenue, hard by the Chicago River, for the headquarters of his chewing-gum empire. It has loomed over the city’s skyline ever since, though it underwent a makeover after being purchased in [...]