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
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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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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