The DC region remains one of multifamily's hottest markets, but with so much product coming online soon, it's also one of the most competitive, says Equity Residential VP of development Greg White, who handles projects in DC and Boston. There may be short-term pain due to the high volume of units delivering in the next 12 to 24 months, he says, forcing some owners to offer concessions duringleasingin select submarkets. (Give and take to reach your goal--something owners obviously didn't learn from Congress.) But Greg ultimately remains bullish on DC because of the high number of residents moving into the region. Owners will likely fill units, "it's just a question of how long it takes and at what rate," he tells us.

JLL superbroker Al Cissel (flanked by colleagues Scott Melnick and Shawn McDonald) shared a hot investment trend: buying properties still under construction. That avoidsa DC law which allows tenants the right to purchase by forming an association, which he says sometimes takes over a year to complete. So buildings in hot submarkets that haven't delivered are in demand. One example is Sky House, a two-tower, 530-unit property under construction his team just put on the market. (Al thinks it could trade for up to $185M.) They've also just listed two Philly assets: 2040 Market St in Center City and Avenel at Montgomery Square in North Wales.

Age has its advantages. Too bad I can't remember what they are. Send your news to Catie Dixon, catie@bisnow.com, or Tonie Auer, tonie@bisnow.com.