September 25, 2007 | Vol. 5 No. 19

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Volume 5 - Number 19 | September 25, 2007

TOP STORY: Compensation, Turnover Improves, but Healthcare Costs Still Burden
By Sule Aygoren Carranza
Professionals working in the multifamily industry can expect small merit-based pay increases this year. That was one of the findings of the National Multi Housing Council’s recent survey.

Data Points: Outlook Cloudy as Key Indicators Remain Mixed
By Sule Aygoren Carranza
Apartment REITs may get less of a boost than expected from declining home sales, thanks to slowing job growth and an excess supply of single-family homes and condo reversions.

Industry Mourns Death of Multifamily’s MVP
By Connie Gore
Don Ostroff, one of the most inspirational and well-respected multifamily brokers in the State of Texas, died suddenly. He was most recently senior director of Cushman & Wakefield of Texas Inc.

Deal Watch: Empire American Snaps Up Gibraltar’s Apartment Holdings
By Sule Aygoren Carranza
Marking its exit from the multifamily sector, Gibraltar Properties Inc. shed nine apartment communities in Indianapolis, Fort Wayne, IN and Omaha, NE.

Insight: Multifamily in the Mix
By Bob Voelker

Countrywide CEO Keynotes Apartment Confab
By Bob Howard

Short Takes: Tarragon Closes Asset Sales, Retires Outstanding Debt

Executive Moves: Freddie Mac Taps Saylor as Multifamily Sourcing VP

Recent Transactions: $191M Gives Carmel Six New West Coast Assets