Nicholas Dunlap
Wait for the Win-Win I've said it before and I'll say it again: if you want a different take or opinion on the same study or statistics, just hire a different economist. But for those involved in the investment, acquisition and operation of multifamily housing, the recent "Cost to Rent Growing at a Slower Rate" … Continue reading Wait for the Win-Win
New Units Needed Now Multifamily occupancy rates are up from 94% in 1995 to 95.4% today. And while this incremental growth is positive, it does not reflect the roller coaster ride that was 2007-2011. Today, we see a 4.6% vacancy rate, which translates to more than 11,000 apartment homes in Orange County sitting vacant and … Continue reading New Units Needed Now
My Friend Dean Eight years ago, I joined my first volunteer committee at the Apartment Association of Orange County and after proving myself to my colleagues, I became a board member. Having grown up in the apartment business and around our association, I can remember being a kid in my 20s around some of the … Continue reading My Friend Dean
A Shift to Renterdom Just about everywhere you look nowadays, housing makes its way into the headlines. And whether the topic is rents, market values, new development, buying or selling, columnists and economists are generally alike in their shared enthusiasm that something “big” is happening. But what’s going on today in 2015 is not the … Continue reading A Shift to Renterdom
It's Like Deja Vu All Over Again By: Nicholas A. Dunlap RIP Yogi 1925-2015 I'm sorry, have we met? Wait a minute - I am certain that I have been here before. It's deja vu all over again! Or as the late Yankee great Yogi Berra put it: "it's like deja vu all over again". But … Continue reading It’s Like Deja Vu All Over Again
Service Driven Sales You see, it's not just me. Other industry professionals, journalists and experts involved in the multifamily industry share in my distaste for LRO and other such revenue management programs. Included below is an excerpt of an email I sent to Multifamily Executive (MFE) Editor Jerry Ascierto in response to his column summarizing … Continue reading Service Driven Sales
Life Lessons As a kid, my dad taught me lots of lessons. And one lesson he taught me over and over was to avoid putting my pride or ego so close to a decision I had made or was making that it became difficult or impossible to change my mind without hurting my pride. Think … Continue reading Life Lessons
Win One for Vin I can't be the first person to say this and I know I'm not the first person to think it. Everywhere I go, whether it's a meeting, business event or backyard party, frustration over the inability to watch the boys in blue fills the air. Unless, of course, you're one of … Continue reading Win One for Vin
I Survived The Audit! About five years ago, I had a large corporate client who owned around 400k square feet of industrial, retail and office space (outside of their normal business that involved a different kind of real estate). This was a fun portfolio to manage simply based on its diverse makeup and geography, but … Continue reading I Survived the Audit !
Feeling the Pinch - Responding to a Slant Piece As an apartment owner/operator, I couldn’t help but cringe as I read Jeff Collins’ recent “Feeling the Pinch…” article. In what appears to be an attempt at explaining the rising costs of rent in Orange County, the article instead vilifies landlords and depicts a public forced … Continue reading Feeling the Pinch – Responding to a Slant Piece
OC Real Estate Market Insight 