CLEMSON, SC – Campus Apartments, one of the nation’s largest providers of on- and off-campus student housing, announced the opening of 114 Earle, a new pedestrian-to-campus mixed-use community with market-leading amenities serving Clemson University.

Located in the heart of Clemson’s retail and nightlife corridor, the property offers fully furnished studio through five-bedroom units. Shared amenities include a two-tale clubhouse with an internal playground-style stairway slide; a state-of-the-art fitness center; a resort-style swimming pool with jumbo TV; and a variety of study spaces.

“We’re excited to be entering the Clemson market and helping to energize its downtown,” said Daniel Bernstein, President and Chief Investment Officer at Campus Apartments. “114 Earle has been met with incredible reviews thus far, as both students and their parents have been blown away by the quality of the property and the overall experience that it offers.”

114 Earle is one of the latest investments of the Campus-Clarion Student Housing Partners, LP Fund. The fund targets investments in university-related real estate through acquisition and development, both on- and off-campus, throughout the U.S.

The project was completed in partnership with Collegiate Development Group.

Campus Apartments is one of the nation’s largest providers of on- and off-campus student housing. As a vertically integrated firm, Campus Apartments is experienced in all facets of the student housing industry. The company has $2 billion in assets under management in 24 states, serving more than 70 colleges and universities.

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SEATTLE, WA – Rental houses have been in high demand since the housing market crashed, but a lack of supply has made renting those homes more expensive. According to a new Zillow analysis, the median monthly rent for single-family homes is rising quicker than the median monthly rent for apartments.

While rents for both houses and apartments have slowed significantly over the past year, median rent for houses rose 1.3 percent annually to a monthly rent payment of $1,404, but median rent for apartments rose 0.5 percent, to a monthly rent payment of $1,551.

There are fewer single-family homes to rent than a decade ago. When the housing market crashed, investors scooped up many single-family homes lost to foreclosure and turned them into rentals. Nearly 20 percent of all single-family homes across the U.S. were rented in 2016, up from 13.5 percent 10 years prior.

Meanwhile, rentals are in increasingly high demand because many aspiring homeowners don’t have enough money to buy a home. A 20 percent down payment on a typical U.S. home costs more than two-thirds of the median household income, but can cost up to 180 percent of the median household income in pricier housing markets like San Jose and Los Angeles.

According to the 2017 Zillow Group Consumer Housing Trends Report (ZGR) coming out this fall, 45 percent of all recent renters consider renting a single-family home, but just 28 percent really finished up renting one. The report also found that half of all buyers with children at home consider renting instead of buying during their home search, and according to the Census Bureau, 40 percent of families with children still living at home are renters. 

In half of the 50 largest U.S. metros, median rent for houses is rising quicker than median rent for apartments. The most extreme example of this trend is in Portland, Ore., New Orleans and Chicago.  In Portland, monthly rent for houses is rising at nearly 4.5 percent annually, but monthly rent for apartments is falling. Over the past year, median rent for Portland apartments fell just over 1 percent, to a monthly payment of $1,536. Median rent for Chicago apartments is also falling, while rent for houses is rising just over 1 percent annually.

“When the market crashed, many families lost homes they owned during the foreclosure crisis, and now may not be able to afford to buy another as home prices rise,” said Zillow Chief Economist Dr. Svenja Gudell. “Those who want to buy are finding it hard to find the right one, or may need a bit more time to come up with a down payment, but still want the advantage of space that single-family residences often provide. This, coupled with the foreclosure crisis turning millions of homeowners into renters, is a huge reason why demand for single-family rental homes has risen over the last few years. Even though rental homes are in high demand, apartment living remains an attractive option for many young renters who want to be close to work and amenities, like restaurants and grocery stores.”

Generation X renters (ages 38-52) are significantly more likely to rent a single-family home than any other home type. Just over 40 percent of Generation X renters rent a single-family home, compared to 25 percent of millennials (ages 18-37) and just 10 percent of Silent Generation renters (ages 73 and over).

Single-family rental homes are a well loved choice among Generation X, but millennial and Silent Generation renters are more apt to rent an apartment. Over 50 percent of millennials and 62 percent of Silent Generation renters surveyed in Zillow’s 2017 Consumer Housing Trends Report currently rent an apartment.

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NEW ORLEANS, LA – The multifamily housing industry is a highly fragmented market, which has seen a vast array of changes over the last decade. Economic shifts, technological innovations, and changing social trends have disrupted the status quo, but the market is still thriving. Today, 39 million Americans call an apartment home, and the industry is responsible for contributing over $3.5 billion to the economy daily.

Through it all, two multifamily industry thought-leaders— both with unique positions in the market— have gotten together monthly for the past ten years to discuss the rapid changes as they happen. On Wednesday, September 13, 2017 at 3:00 PM ET on MultifamilyBiz.com, the largest media platform in the multifamily housing industry, the pair will present their 100th webcast together, reaching a truly iconic milestone in their passion project.

Property management expert, Ernest F. Oriente, of PowerHour and multifamily technology innovator, Kerry W. Kirby, CEO of 365 Connect will launch their Centennial Edition Webcast, Tech Trends and Topics, to discuss the shifts they have seen in the market over their decade long collaboration. The webcast will explore topics the duo has delved into over the years including mobile, social media, UX design, SEO, vendor relationships, and recruiting.

Kirby clarified, “Ernest and I have been sitting in a front row seat for the past decade, watching the trends in the market. We started this journey with a mission to not only provide information on the latest trends, but also to deliver an educational component. There are over 12 million professionals that serve our industry, and we have been both honored and humbled by the magnitude of audience attendance each month, as well as by those who utilize our webcast’s material to better prepare themselves for the evolving changes in the multifamily housing industry.”

Oriente responded, “We both continue to learn new innovations in the industry as we highlight time-tested methods that better serve residents, build teams, and manage processes. We strive to bring a balance of diverse content to our audience so they may accommodate the unprecedented growth in the industry, fueled by the next generation of renters.”

In their special centennial webcast, the duo plans to examine the significance of technology in modern multifamily housing operations and innovative growth strategies for gaining traction in the market; all while nostalgically recalling their hot, and not-so-hot predictions of the past. With a combined experience of nearly 50 years in the multifamily housing industry, Oriente and Kirby are pleased to present the 100th episode of their informative, thorough, and thought-provoking webcast.

Registration for the webcast is available at MultifamilyBiz.com.

MULTIFAMILYBIZ.COM + POWERHOUR WEBCAST SERIES: Founded by multifamily housing industry thought-leaders Kerry W. Kirby and Ernest F. Oriente, the MultifamilyBiz.com + PowerHour Webcast is a monthly series of comprehensive, educational, and leading-edge programming. The webcasts are presented and hosted on MultifamilyBiz.com, the largest media platform for the multifamily housing industry, which delivers news, events, and resources to more than one million monthly visitors. Explore: www.MultifamilyBiz.com  

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