Our 2020 legislative efforts saved the industry $252,049,000 during the next year. Many of the legislative victories we achieved this year cannot be easily quantified because the costs are speculative or would have been administrative burdens that are not easy to turn into a monetary impact. ... Continue Reading
In the early stages of the crisis, face masks were one of the most controversial topics. Many experts reported masks were not helpful in preventing the spread, which went against everything we knew. Whether you watched M*A*S*H, General Hospital, E.R., or Grey’s Anatomy growing up, face masks... Continue Reading
In March 2020 the world, and our way of life as we knew it, changed. The Coronavirus pandemic required not only the AAMD to postpone key events and education but threw the industry into a state of confusion. The pandemic created chaos with daily changes to the way the apartment industry –... Continue Reading
On April 24, President Trump signed into law The Paycheck Protection Program (PPP) and Healthcare Enhancement Act (HR 266), allocating an additional $310 billion to the lending program administered by the Small Business Administration (SBA). The bill also provides an additional $60 billion to the... Continue Reading
For many communities, the biggest value-add for leasing up is the resort-style swimming pool, on-site fitness center, Starbucks coffee bar, and community events — all of which must be postponed or shutdown due to the COVID-19 outbreak.While it’s an uncertain time in the multifamily... Continue Reading
DENVER (May 27, 2020) – The Colorado Apartment Association reported that 95.2% of renters paid May rent in full by the end of the month. This is an improvement over April, when approximately 91% of residents had paid by the end of the month. The improvement by over 4 percentage points shows... Continue Reading
At Echelon Property Group, we are seeing firsthand how the economic impact of this crisis is affecting our residents and neighbors. It has been amazing to see how we have all joined together to help our residents and one another during this unprecedented time. What we may not be able to witness,... Continue Reading
DENVER (May 13, 2020) – The Colorado Apartment Association reported that 88.8% of renters paid Mayrent in full by May 5. This is a significant improvement over April, when 83.6% of residents had paid byApril 6 (a 5.2 percentage point increase in rent payment). This shows that, despite... Continue Reading
Aimco, a real estate investment trust (REIT) headquartered in Denver, Colorado, is one of the largest owners and operators of apartment homes in the United States. The company’s shares are included in the S&P 500 and are publicly traded on the New York Stock Exchange under the symbol... Continue Reading
The National Apartment Association (NAA) has tirelessly advocated on behalf of the apartment industry and our members as the nation grapples with COVID-19. On March 13, NAA sent a letter to Congress that expressed our strong opposition to any broad-based moratorium on evictions. Additionally, we... Continue Reading
QOZ. QOF. QOZBP. Most individuals who own or provide services for commercial real estate have heard these terms floating around, nevertheless how many of us truly understand the opportunity and are in a position to use it to our advantage. WHAT & WHY: QOZ & QOF The Qualified Opportunity... Continue Reading
These days, we’re all spending a little bit more time at home, a little less time socializing, and a lot more time distracted by what’s happening in our world. Navigating any crisis, including the COVID-19 pandemic, is challenging when we’re used to building a connected... Continue Reading
