In response to the sweeping energy regulations introduced by the city and county of Denver, the Apartment Association of Metro Denver (AAMD) and Colorado Apartment Association (CAA) have taken proactive steps to navigate the challenges posed by the Energize Denver program. These FAQs are... Continue Reading
Teo Nicolais was recently named the 2023 Certified Property Manager (CPM) of the Year by the Institute of Real Estate Management (IREM) Greater Denver for his work on Academic Engagement. Teo represented the property management industry at events at the University of Denver, served as a... Continue Reading
Starting Jan. 1, 2024, covered building owners must have implemented the energy efficiency measures necessary to meet their first interim building performance standard requirement. The new year brings with it new legal expectations from the city and county of Denver that require all... Continue Reading
As you’re probably aware by now, the State of Colorado and the City of Denver through erroneous regulations and benchmarking are effectively outlawing natural gas in buildings over 50,000 square feet (State) and 25,000 square feet (Denver). This will impact an estimated 8,000 buildings in... Continue Reading
Monthly rent payments are more than just a transaction between a resident and a rental housing provider. It's a pivotal contribution to the American economy, community growth and the backbone of the rental housing industry. Rent payments directly support 17.5 million jobs. They also finance local... Continue Reading
Organization focused on reducing situational homelessness names Kit Baker-Carr as Executive Director and selects City Advisory Board; AAMD donates $20,000 to launch the organization Continue Reading
Expand for Table of Contents (QuickLinks) Table of Contents Most Outstanding Leasing Experience Most Captivating Amenity Experience Most Impactful Community Renovation Most Innovative Resident Lifestyle Experience Most Outstanding Executive Most Outstanding Regional Management... Continue Reading
It is with a heavy heart that we share the news that Debbie Wilson passed away last weekend (May 5, 2023). Debbie’s extensive involvement and deep contributions with the Apartment Association were absolutely incredible. She was a fundamental part of everything we stand for through... Continue Reading
Recently the Metro Denver apartment market surpassed 400,000 apartment homes! This landmark gives us the opportunity to take a look back at the history of Denver’s housing development, a look forward to what’s next, a close look at who’s building in Denver, and an evaluation of... Continue Reading
From December 2022 to February 2023, the National Apartment Association (NAA) commissioned ndp | analytics to conduct interviews with housing providers and developers from three different markets impacted by rent control policies and proposals: St. Paul, Minn; Santa Ana/Santa Barbara; Calif; and... Continue Reading
AAMD Members can now post Open Positions for Free on ProApartments.com Continue Reading
What does 2023 have in store for Gen Z job seekers? If it’s anything like 2022, change is guaranteed. We have entered a year defined by record inflation, economic uncertainty, hybrid workplaces, and the influx of Gen Z — the largest generation to enter the workforce. Considering... Continue Reading
In response to the Colorado State House introducing bill HB23-1115, which would allow municipalities to enact rent control to the detriment of their communities, Drew Hamrick, general counsel and senior VP of government affairs, of the Colorado Apartment Association issued the following... Continue Reading
The Apartment Association of Metro Denver has conducted an industry compensation study every other year since 1999. Compensation data was collected from 32 different management companies, and included specific data for 3,354 individual people who work in the Metro Denver apartment industry. The... Continue Reading
Carol Levey (1946-2022) was one of the most uniquely powerful and warm hearted individuals I’ve ever known. She was a force for education in the apartment industry and touched tens of thousands of industry professionals during her 50+ year career. Carol’s impact on our local... Continue Reading
We are so proud and excited to announce the selection of Brandon Rich and Reed Rice into the AAMD Hall of Fame! Two very deserving individuals who have both made an enormous contributions to the Apartment Association of Metro Denver and our great industry in Colorado. Brandon and Reed will be... Continue Reading
Last month, AAMD hosted hundreds of industry professionals at ECON 2022, its annual economic forecasting conference for the Denver multifamily housing industry. With presenters from Governor Jared Polis to economist Bryan Kaplan pronouncing the need for new housing, the conference’s... Continue Reading
Vacancies Remain Low as the Apartment Market Stabilizes This week, the Apartment Association of Metro Denver (AAMD) released 2021 fourth quarter results from the Denver Metro Area Apartment Vacancy and Rent Survey, conducted by the University of Denver’s Daniels College of Business and... Continue Reading
The Colorado Apartment Association (CAA) is launching a housing directory (https://www.caahq.org/available-apartments-for-displaced-families) for residents displaced by the Marshall Fire, helping them locate vacant rental housing units available for immediate move-in. CAA will also make an... Continue Reading
DENVER (Oct. 27, 2021) – This week, the Apartment Association of Metro Denver (AAMD) released 2021 third quarter results from the Denver Metro Area Apartment Vacancy and Rent Survey, conducted by the University of Denver’s Daniels College of Business and Colorado Economic Management... Continue Reading
The order applies to counties with high COVID-19 cases. While the Order is "new," it is essentially an extension of the previous CDC Order that has been in place since September 2020. Continue Reading
Rental market remains a good value for renters, as costs of goods and real estate spike Continue Reading
Today, Governor Polis announced Executive Order 120, extending for the third time the requirement for landlords to serve 30-day rent demands instead of 10-day rent demands. In addition, the new order keeps EO-110 in effect, which requires landlords to serve the DOLA FAQs with every type of... Continue Reading
On June 25, AAMD Hall of Fame Chair Terry Simone annouced the 2021 Hall of Fame Inductees. The induction will take place at the Conference Kick off at the Education Conference & Trade Show on July 28 at 8:45 a.m. Carrie Gillis As an association icon and legislative warrior for our business... Continue Reading
Colorado’s rent collection rate 0.9 percentage points higher than the national rate DENVER (June 10, 2021) – Colorado’s rent collection rate was 97.9% as of May 27, 2021, which is 1.1% higher than rent collections from the previous year, with a 96.8% rate recorded in May... Continue Reading
The Apartment Association of Metro Denver’s quarterly report on vacancy and rental rates shows a 2.2% uptick in average rent and a slight decrease in vacancy for the first quarter of 2021. The average monthly rent in the Denver metro area is $1,544, compared to $1,510 one quarter ago.... Continue Reading
There exists a misconception that rental housing owners enjoy large margins and can continue operating in the absence of rent payments, and with so much discussion around rents during COVID-19, the National Apartment Association (NAA) has released resources that help explain the breakdown of $1 of... Continue Reading
Rent collections in Colorado continue to exceed national rates with mid-90s for eleventh month in a row Continue Reading
Rent collections in Colorado continue to exceed national rates with mid-90s for tenth month in a row. Continue Reading
Renters have additional housing inventory and flat rent rates going into 2021 Continue Reading
Anticipation for the COVID-19 vaccine is quickly growing following the Food and Drug Administration’s (FDA) December11 approval of an emergency use authorization for the first vaccine candidate. Healthcare workers across the country received the first doses just days later, but many are... Continue Reading
Rent collections in Colorado continues to exceed national rent payments levels Continue Reading
The Apartment Association of Metro Denver released Q3 2020 results from the quarterly Denver Metro Area Apartment Vacancy and Rent Survey conducted by the University of Denver’s Daniels College of Business and Colorado Economic Management Associates. The report showed a strong rental market... Continue Reading
A good multifamily professional knows that resident retention is key to the success of the community and bottom line. Retaining residents is just as important, if not more so, than getting new ones. Reducing resident turnover doesn’t only make financial sense, but it can also lead to... Continue Reading
Suggesting how members vote on ballot propositions is always a dicey affair. These issues are heavily publicized, often contentious, and highly partisan. We will avoid weighing in on most of the proposals, (even though they are very interesting issues) because things like whether noncitizens... Continue Reading
Colorado ballots will soon be mailed to voters. There is one question that has the potential to impact nearly every Coloradan, especially multi-family property owners – Amendment B. This $500 million property tax increase would raise property taxes at a time when the multi-family industry... Continue Reading
High rates of rent payments and low eviction rates show ‘eviction crisis’ is not on the horizon Continue Reading
The administrative order does nothing to help renters pay rent or help rental housing providers. Continue Reading
Rena's GoFundMe project raised over $10,000 to help Colorado Residents who needed help paying rent amid COVID-19 Continue Reading
HOW TO APPLY FOR EMERGENCY RENTAL ASSISTANCE FOR PROPERTY OWNERS (POP) DOWNLOAD PDF VERSION 1. Visit the Eviction and Foreclosure Prevention page on the Colorado Department of Local Affairs (DOLA) website: https://cdola.colorado.gov/housing-covid19-eviction 2. Click the blue drop down menu: ... Continue Reading
Colorado Apartment Association and its members partnered with the Resident Relief Fund, which now has more than $120,000 in donations to help Coloradans pay rent. Rena Brittan, a 13-year-old in Denver announced in June that as part of her bat mitzvah project she was going to raise funds for... Continue Reading
Denver (July 21, 2020) – Today, the Apartment Association of Metro Denver released Q2 2020 results from the quarterly Denver Metro Area Apartment Vacancy and Rent Survey conducted by the University of Denver’s Daniels College of Business and Colorado Economic Management... Continue Reading
Effective July 17, 2020 there is a mandatory statewide mask order, requiring all people in Colorado over age ten to wear a face covering over their nose and mouth in any public indoor space to alleviate the spread of COVID-19. The order is currently in effect through November 12, 2020 but could... Continue Reading
Apartment operators spend thousands of dollars and thousands of hours training their onsite leasing professionals. Faced with the new (temporary) normal of reliance on virtual leasing tours, there’s no reason to rely on guesswork and your agent’s smartphone to get this right. Virtual... Continue Reading
Being inundated with leads? Here’s a look at how marketing automation for multifamily properties can help in popular markets like the Denver area. The Greater Denver area leads the nation in population and rental growth as the local market continues to prosper. With such high renter... Continue Reading
DENVER (June 30, 2020) – RealPage, a data analytics firm for the real estate industry, reported that Colorado’s rent collection percentage for June was 95.4% as of June 23. RealPage’s analytics show Colorado rent collections ranking No. 9 out of the 47 states that reported... 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
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
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
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
What if one day you woke up and the entire country closed down?? Wait….that did happen! However, many suppliers to the apartment industry didn’t close down, we just changed everything! As suppliers to an essential industry, we had to act quickly to modify our operations and ensure... Continue Reading
Data collected through March 11 and is not inclusive of coronavirus impact Denver (April 24, 2020) – Today the Apartment Association of Metro Denver released results from thequarterly Denver Metro Area Apartment Vacancy and Rent Survey conducted by the University ofDenver’s Daniels... Continue Reading
Last month, Governor Jared Polis provided an update on how the state is responding to COVID-19 and provided further clarification on what the Safer-at-Home phase of the pandemic will look like for Coloradans. “I want to reiterate, the Safer-at-Home phase is not going back to life as normal.... Continue Reading
DENVER (April 17, 2020) – The Colorado Apartment Association is reporting that approximately 91% ofColorado renters were able to pay their April rent on time. CAA reports that the April rent delinquency rate was 9%, which is 1.8% higher than the average Januaryand February delinquency... Continue Reading
DENVER (April 13, 2020) – The Colorado Apartment Association has concerns about the Denver CityCouncil’s Proclamation No. 20-0350, set to be considered during tonight’s Denver City Council meeting. “Colorado Apartment Association’s top concerns are the health and... Continue Reading
Last month, the AAMD Hall of Fame elected to induct the following three individuals to the Hall of Fame based on their experience, leadership and impact on the Denver multifamily industry. The induction is scheduled to be held at June Awards on June 25, 2020 at the Vehicle Vault in... Continue Reading
DENVER (April 7, 2020) – The Colorado Apartment Association issued the following statement fromMark Williams, executive vice president of the Colorado Apartment Association, in response to the rentstrike protest during today’s town hall meeting with Governor Polis and KUSA... Continue Reading
DENVER (April 8, 2020) – The Colorado Apartment Association today reported that 17.3% of residentswere late on rent as of April 6. The results came from a rent collection poll to which 44 housingorganizations responded representing approximately 80,000 units throughout Colorado. This... Continue Reading
Am I responsible to make sure residents at my community wear face masks? No member’s existing lease explicitly requires residents to wear a mask. Consequently, in order to plausibly claim that a resident has an obligation to wear a mask, the owner would have to rely on the unlawful... Continue Reading
Dear Supplier Members, The Governor (on a statewide level), the Mayors of Denver and Boulder (on local levels) and the Tri-County Health Depart (for Arapahoe, Douglas and Adams Counties) have issued orders that affect the operations of businesses. The issue is fairly straight forward for... Continue Reading
DENVER (March 24, 2020) – Today the Colorado Apartment Association’s COVID-19 task force, which is made up of representatives from nearly 45 medium and large housing communities and housing providers throughout the state, announced its recommendations for Colorado rental housing... Continue Reading
The below are best practices gleaned from various rental housing management companies throughout the region and do not represent recommendations from the Colorado Apartment Association or any of its subsidiaries. CORPORATE MANAGEMENT OFFICE ATTENDANCE Use remote and flexible working... Continue Reading
DENVER (March 17, 2020) – Following news of mandated closures throughout Colorado in therestaurant and hospitality industry, the Colorado Apartment Association has created a guide to helpColorado renters in the face of income shortfalls. “The basic shutdown of much of our economy in... Continue Reading
Every management company will do things differently – mindful that their top priority is the health and wellbeing of their residents and employees. The Centers for Disease Control and Colorado Department of Public Health and Environment have the most up-to-date guidelines and information... Continue Reading
DENVER (March 10, 2020) – Today, Drew Hamrick, senior vice president and general counsel at theColorado Apartment Association, offered a statement regarding Broomfield Ordinance 2100, LocalGovernment Authority Promotes Affordable Housing Units: “Tonight, the Broomfield City Council... Continue Reading
Click here for the latest AAMD statement on emergency prepardeness (3/11/2020) Table of Contents NMHC: Coronavirus Preparedness for Apartment Firms NAA: Statement and Position NMHC: Coronavirus Preparedness for Apartment Firms The Center for Disease Control (CDC) is currently... Continue Reading
There has never been a more important time to invest in your teams. According to the Colorado Department of Labor and Employment, the current unemployment rate in Colorado is at an all-time low of 2.6 percent compared to the National Average of 3.5 percent. What does this mean for you? It means... Continue Reading
It’s time for the 2020 Census. Landlords have certain legal duties to assist with the Census and it is also in our industry’s best interest to help. The data collected will determine how approximately $675 billion in federal funding is distributed each year for things like... Continue Reading
Quarterly results are the lowest growth in rents since 2011, but a worrisome slowdown in newunits could impact renters’ gains Denver (January 22, 2020) – Average rents across the Denver Metro area decreased slightly to $1,503 inthe fourth quarter of 2019, according to the Denver Metro... Continue Reading
National Model Shows that Denver Would Lose Estimated $462 Million in Property Value and $3.5 Million in Tax Revenue Denver (January 8, 2020) – Denver area population has grown dramatically faster than construction of new housing units. Just under 500,000 new people have mover to the... Continue Reading
Average rents decreased slightly to $1,506 during the third quarter of 2019, according to the Denver Metro Area Apartment Vacancy and Rent survey published today. The total reflects a 2.8% increase in average rents from the same quarter last year. This marks the fourth consecutive year in which... Continue Reading
Denver City Councilwoman Robin Kniech recently expressed concern about housing affordability in Colorado in a commentary published by Colorado Politics ("Let's restore local governments' power to regulate rent," Aug. 30). We share Kniech’s concerns about the lack of attainable housing in the... Continue Reading
The record-breaking amount of new apartment construction in the last several years has yielded exactly what economists would predict: rent growth has fallen from double digit highs earlier this decade to below the rate of inflation over the last 12 months. You read that right: average rents are... Continue Reading
The Apartment Association of Metro Denver hosted its annual conference Summer Econ 2019. Every year, the conference attracts industry leaders and professionals as participants, presenters and sponsors, and serves as an educational opportunity to understand the Colorado housing environment. This... Continue Reading
In conjunction with the 2019 Education Conference and Trade Show, the Apartment Association of Metro Denver officially launched Housing4Colorado.org, a platform which provides various resources, housing news, and frequently asked questions to help Colorado renters and home seekers find attainable... Continue Reading
The First Regular Session of the Seventy-first General Assembly convened on Jan. 4, 2019 and adjourned on May 3, 2019. Below please find a recap of the 120-day legislative session. Highlights Despite adjourning quietly late on Friday afternoon, the 2019 legislative session will be remembered for... Continue Reading
The Colorado Apartment Association Maintains Opposition to Rent Control Legislation Today, the Colorado Apartment Association announced its support of four new pieces of legislation that aim to address the state’s housing affordability and access crisis, while maintaining firm opposition to... Continue Reading
The Board of Public Health & Environment will hold a public hearing and vote on adopting the Rules and Regulations Governing the Green Building Ordinance at their meeting on May 9th (NOTE NEW DATE). Only very minor clarifications and corrections have been made since the last version that was... Continue Reading
The Colorado Apartment Association today released the results of a poll commissioned in late March that indicates strong public opposition to the enactment of rent control policies as a solution for addressing housing affordability in Colorado. The results come on the heels of a rent control bill,... Continue Reading
Average rents declined to $1,456 and average vacancy increased to 5.8% in the Denver metro area during the fourth quarter of 2018 according to the Denver Metro Area Apartment Vacancy and Rent survey published today. The construction of 12,324 new apartments in 2018 – a volume nearly three... Continue Reading
As of January 1, 2019, if a Section 8 voucher holder is a good candidate, most Denver Landlords will be required to accept the voucher and cooperate with the Denver Housing Authority (DHA) rules, HUD regulations, inspections and policies. Many Landlords do not accept Section 8 voucher holders, as... Continue Reading
We face real challenges to the affordable housing issue. In both the public and political arena, the increase in demand for attainable housing, coupled with hurdles to create more housing, is a growing problem. Limited government funding, headwinds of increased regulatory requirements such as... Continue Reading
Over fifty awards presented to top-performing individuals, suppliers and communities across Metro Denver’s rental property communities On November 9, the Apartment Association of Metro Denver (AAMD) hosted over 1,300 members and allies from across the region for its 2018 Tributes Awards... Continue Reading
Apartments built in the 1970s lease for 42% less on average than apartments built in this decade and an estimated 29,051 apartments in the Denver metro area rent for $1,000 or less. Average rents in Denver fell by $19 per month in the third quarter of 2018, continuing a three-year trend in... Continue Reading
Is 2018 the year that Congress finally passes housing finance reform and puts an end to the conservatorship of Fannie Mae and Freddie Mac? Housing finance reform is at the forefront of a full slate of issues that Congress may tackle in 2018. Both the House and Senate are actively working on... Continue Reading
Average rents in Denver fell for the second quarter in a row, dropping to $1,396 at the end of 2017 down from $1,420 three months prior. “After including average concessions valued at $65, the average effective rent for an apartment in Denver fell to $1,331 per month at the end of... Continue Reading
As we (Denver Community Planning & Development) prepare to implement the Denver Green Roofs Ordinance beginning January 1, we have drafted a "rules and regulations" document to help guide CPD's administration of the ordinance. The draft rules and regulations aim to clarify key terms and... Continue Reading
We are proud to partner with the City of Denver’s new LIVE Denver affordable housing program. The City of Denver has issued a “Call for Units” If you would like more information on how to participate in this one of a kind public private partnership, please click the logo below: Continue Reading
Vacancy Up, Rents Down Amid Record Construction Levels Average rents fell $8 between the second and third quarter of 2017 and average vacancy increased from 5.0% to 5.4% over the same period, according to the report. “Housing cost may be soaring in Denver’s single-family home and... Continue Reading
Legislative advocacy is one of the primary pillars of the association. From time to time, we have to call on our members to stand up and fight against bills or initiatives that would harm our industry, livelihoods and residents. Denver Ballot Initiative #300 is one of those initiatives. This... Continue Reading
Over the past few years, our state’s multifamily rental housing industry has observed significant increased demand, especially in the Denver metro area. Colorado has the lowest unemployment in the country at 2.3 percent and people are moving here as a result. According to the Colorado State... Continue Reading
Vacancy rates dipped and rents edged up as Denver set another record in apartment construction in the first three months of 2017, according to the Denver Metro Area Apartment Vacancy and Rent Report released today. “Denver saw 3,246 new apartments delivered in the first quarter,”... Continue Reading
Quarterly decrease is the largest dollar amount decrease ever in Metro Denver by Christopher Dean For the second quarter in a row the average cost of renting an apartment in Denver has decreased, according to the Denver Metro Area Apartment Vacancy and Rent Report released today. The survey... Continue Reading
by Christopher Dean Denver-metro rents decreased for the first time in nearly three years. Average rents fell from $1,371 to $1,368 during the third quarter according to the Denver Metro Area Apartment Vacancy and Rent Report released today. Apartment rents rarely decrease during... Continue Reading
A robust Denver metro area apartment market is good news for job seekers as the Apartment Association of Metro Denver (AAMD) promotes an aggressive recruitment initiative to fill employment opportunities within the apartment living industry. Those efforts are coming to a crescendo with open... Continue Reading
