Entries by Jaron Witt

, , ,

The Hidden Influence of Storage on Property Value

Why giving residents more closet space could be your smartest capital investment. When developers look to increase the value of their multifamily properties, the focus often falls on flashy amenities—rooftop lounges, resort-style pools, or smart locks with mobile access. But the secret to long-term value creation might be tucked away in a space you’re overlooking: […]

,

Closets Are the New Luxury: Rethinking Storage in Luxury Living

How Elevated Storage Design Enhances Resident Experience and Drives Retention in Premium Communities In luxury communities, residents don’t just expect a nice unit—they expect a seamless lifestyle. And often, it’s the subtle details that shape their experience from the moment they step inside. One of the most overlooked elements? The closet. Closet design may not […]

,

What Today’s Renters Actually Want: Functionality Over Flash

How Practical Design Choices Are Shaping the Future of Multifamily Living For years, multifamily developments have competed to offer the most eye-catching amenities—rooftop pools, coworking lounges, state-of-the-art gyms. But the reality? Residents spend far more time inside their apartments than in these shared spaces. Today’s renters are looking beyond the glitz, prioritizing functionality, convenience, and […]

,

TSMC’s $165B Investment in Phoenix: A Goldmine for Multifamily Developers

The largest foreign direct investment in U.S. history is happening in Phoenix. Taiwan Semiconductor Manufacturing Company (TSMC) is committing $165 billion to build three cutting-edge semiconductor fabrication plants, two advanced packaging facilities, and a sprawling R&D center. Beyond the 40,000+ construction jobs and tens of thousands of permanent high-paying positions, this investment will transform the […]

,

Closets Are the New Selling Point: 5 Storage Trends Reshaping Multifamily

Forget flashy amenities—today’s renters are prioritizing storage that works for their lifestyle. Here’s how better closet design can impact NOI, leasing speed, and resident retention.   Closets might not be the first thing that comes to mind when upgrading a multifamily property, but they’re one of the most used spaces in a home. A well-designed […]

,

Apple’s $500 Billion Investment is a Green Light for Multifamily Growth

Apple’s Historic Investment Set to Drive Housing Demand & Spur Multifamily Development Nationwide   Apple’s massive $500 billion investment into U.S. infrastructure and manufacturing isn’t just a tech industry headline—it’s a game-changer for real estate developers, multifamily operators, and property managers. With new factories, research centers, and training hubs popping up across the country, thousands […]

, ,

Beyond Rent Hikes: How Small Upgrades Unlock NOI Growth

Small But Mighty… And Cost Effective   When property owners think about boosting Net Operating Income (NOI), the first instinct is often raising rents. While rent increases can certainly drive revenue, they aren’t always the best or most sustainable option—especially in today’s market, where renters are more selective and value-driven than ever. But what if there was a […]

,

The Hidden Costs of Turnover: Why It’s Eating Away at Your NOI

Turnover is often treated as a routine expense in multifamily operations, but its impact on NOI (Net Operating Income) is anything but ordinary. With the average unit turnover cost exceeding $5,000, the financial implications can quickly eat away at NOI like a late-night craving for turnovers devours your diet plan. In 2025, focusing on retention […]

5 Closet Design Tips to Maximize Space and Style

Closets are one of the most overlooked but essential features in any home or multi-family unit. A well-designed closet not only keeps things organized but also adds value to the space. Here are five simple tips to make your closet both functional and stylish: 1. Think Vertical Don’t let vertical space go to waste! Add […]

, ,

How Declining Interest Rates Impact the Multi-Family Industry

How Declining Interest Rates Impact the Multi-Family Industry As interest rates start to come down, the multi-family housing industry is poised to experience a variety of shifts. Lower rates affect everything from property financing to tenant dynamics, making this change especially relevant for property developers, owners, and managers alike. Here’s a closer look at what […]