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- š Smart Access Demand Drives Acquisition in Multifamily Sector
š Smart Access Demand Drives Acquisition in Multifamily Sector
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š Data Point
Smart Access Demand Drives Acquisition in Multifamily Sector
Allegion has acquired Gatewise, a provider of cloud-based smart access solutions for multifamily properties. This move highlights growing demand for integrated, smartphone-based entry systems in mid- to large-scale rental communities. Gatewise serves over 80,000 units across the U.S., showing how access control technology is becoming a core feature in multifamily developments. Read more.
š§ Market Watch
Bellingham, WA Gains Investor Attention
CEP Multifamily has acquired the 196-unit Kerf Apartments in Bellingham, Washington. The city, located between Seattle and Vancouver, is attracting interest due to its livability, growing population, and lower cost compared to major urban hubs. The newly built community includes one- and two-bedroom units and offers residents high-end finishes and access to the outdoors.
š§¾ Rule of the Day
Loss to Lease
Loss to Lease (LTL) is the gap between market rent and the actual rent being collected on a property. It shows how much income is lost because existing tenants are paying below-market rates, often due to older leases or rent concessions.
Formula: Loss to Lease = (Market Rent ā Actual Rent) x Number of Units
LTL helps owners measure how much potential revenue theyāre leaving on the table.
š± Green Build
Quality of Living Now Central to Housing Sustainability
A new ULI study across Asia-Pacific markets found that renters increasingly associate sustainability with personal comfort, health, and access to public spaces. Developers are now focusing on air quality, natural light, noise reduction, and community designārather than just energy efficiency. These insights are shifting how multifamily buildings are planned and marketed worldwide. Know more.
š Deal Radar
Washington, DC This 4-unit property is located in the heart of Trinidad neighborhood of Washington DC. Built in 1940, this property was recently renovated and comes with updated systems, low-maintenance interiors, and modern finishes. | St.Croix, VI Built in 1989, this multifamily property is a hillside retreat with exceptional views of the Carribbean. With four bedrooms and four baths, it has a private pool, wet bar, and split cooling. | Olivehurst, CA Spread across three stories, this 12-unit property is situated across the street from a school. it is also minutes away from major retail stories like Costco and Walmart, and essential services like hospitals. |
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