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September 2, 2021

Amazon Exec On Crystal House Deal: 'We Were Mortified' By Idea Of Luxury Rentals

With housing prices rising throughout the D.C. region, government agencies and large private sector and nonprofit players are working on new ways to finance the preservation of affordable housing in high-growth areas. 

Hundreds of millions of dollars have been committed this year from the public and private sector to finance affordable housing, but developers say jurisdictions still need to remove regulatory hurdles to help projects break ground faster.

Why Amazon Is Doing Affordable Housing Lending, And Why HUD Is Using D.C. As A Model

Few areas are expected to grow faster in the coming years than the National Landing neighborhood around Amazon's second headquarters, and the tech giant closed a deal this year for a major affordable housing project near its new home. Amazon Head of Community Development

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A New Group For Women In Real Estate Is Expanding Across The Country

A new organization that aims to help women network, learn and support each other as they work to advance their careers in the real estate industry is beginning to expand across the country.

A New Group For Women In Real Estate Is Expanding Across The Country

The group, called Women in Real Estate, or W.I.R.E., started by hosting audio chat rooms on social media app Clubhouse, where it now has 55,000 members. It has expanded this year into an official organization with paying members, corporate sponsors and ticketed live events. W.I.R.E. was founded by Kelani Blackwell, a Columbus,…

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More Hurricanes, More Fires: Multifamily Managers Cope With Heightened Risk

As Hurricane Ida made landfall on the Louisiana coast on Monday, half a continent away, residents of South Lake Tahoe, California, were leaving under a mandatory evacuation order in response to the massive Caldor Fire, one of a number of large fires bedeviling the West. 

Disasters happen every year, but their frequency has been edging upward in recent years. For multifamily property managers, preparing for the worst is a more critical part of their job than ever, even if the worst never happens in most places.

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After Selling Billions In Apartments, RADCO Is Jumping Into Hotels

 

A prolific Southeastern multifamily investor and operator, RADCO Cos. has taken advantage of the demand for apartments and sold $3B of its portfolio since 2019. Now RADCO is pivoting to an asset class with a lot less stability: hotels.

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Origin Stories: Bright Power's Caitlin Rood On The Hard Work Of Blending Affordable Housing And Sustainability

This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

When Caitlin Rood entered the affordable housing industry in 2013 as an experienced sustainability professional, she had a plan. She would start with low-hanging fruit, accumulate savings, reinvest in deeper opportunities and repeat across the portfolio of Mercy Housing, which she ended up serving as national director of sustainability.

It was a strategy that worked for her in other industries. But she soon learned affordable housing is a little different.

Rood doubled down on learning the intricacies of her new industry and started making inroads in Mercy Housing's portfolio, eventually guiding it in 2020 to become the first national multifamily housing organization recognized in the U.S. Department of Energy and Department of Housing and Urban Development's Better Buildings Challenge for achieving energy savings of 24%. She is now the chair of the Multifamily Sector Steering Committee for that same Better Buildings Challenge.

This year, Rood left Mercy for Bright Power where she will continue to focus on decreasing operating expenses and lowering energy and water consumption at affordable and supportive housing.

Rood said she is seeing increased attention to environmental sustainability and hopes that indicates the world community is starting to move in a different, greener direction.

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