Multi-Housing News - February 2009 - (Page 3)

CONTENTS FEBRUARY 2009 12 DEPARTMENTS 6 From the Editor 8 Executive Insight 10 Perspective 18 Products: Security 20 Finance: Structured Financing 26 Technology: Utility Management 14 FEATURES 12 16 Market Forecast: Gulf Coast More than three years after Katrina, the New Orleans apartment industry is in a state of flux and waiting for opportunistic investors 14 Renovating in a Recession: New Rules Upgrades make sense in markets that will support rent increases; but, even here, the usual guidelines don’t apply during a recession 16 Development & Design: Make Way for Modular With some developers struggling to get projects off the ground, the resurgence of modular couldn’t have come at a better time 22 Directory: Multi-Housing Finance Providers MHN’s 2009 list features the industry’s leading finance providers from commercial banks to intermediaries Quote of the Month “Developers will be town founders again, and not an embarrassment to their children.” 8 On the cover: Stellar Management spared few expenses on the renovation of its 1,119-unit Enclave Silver Spring in Silver Spring, Md. (Property Management, page 14). NMHC Washington Outlook 10 Multi-Housing News (ISSN 0146-0919; USPS 891-580), February 2009, Vol. 44, No. 2 is published monthly by Nielsen Business Media, 770 Broadway, New York, N.Y. 10003-9595. The cost of a one-year subscription is $93 in the U.S., $125 in Canada and Mexico, and $240 in all other foreign countries. CUSTOMER SERVICE INQUIRIES: For address changes, single copy sales ($10 per issue, payable in advance), and subscription inquiries, write to Multi-Housing News, P.O. Box 3601, Northbrook, IL 60065-3601. Call 800-697-8859, fax 847-291-4816 or email nmhn@omeda.com. Printed in the USA. Copyright 2009 by Nielsen Business Media, Inc. All rights reserved. Multi-Housing News editorial and advertising offices: 770 Broadway, New York, NY 10003-9595, 646-654-4500. POSTMASTER: Send changes of address to Multi-Housing News, P.O. Box 3601, Northbrook, IL 60065-3601. Canada Post Publications Mail Agreement No. 40031729. Return undeliverable Canadian addresses to: DHL Global Mail, 4960-2 Walker Rd., Windsor, ON N9A 6J3. Periodicals postage paid at New York, NY and additional mailing offices. ADVERTISING/EDITORIAL REPRINTS: Reprints of editorial or ads can be used as effective marketing tools. For details, contact The YGS Group, Mike Shober, 800-290-5460 ext. 129, MHN@theYGSgroup.com PERMISSIONS: One-time use of our content, as a full article, excerpt or chart? Contact Dana Parra, 646-654-4696, dana.parra@billboard.com. LIST RENTAL MANAGER: Nikki Miller, 646-654-7261, nikki.miller@nielsen.com Official Publication of www.multi-housingnews.com | February 2009 3 http://www.multi-housingnews.com

Table of Contents for the Digital Edition of Multi-Housing News - February 2009

Multi-Housing News - February 2009
Contents
From the Editor
Executive Insight
Perspective
NMHC Washington Outlook
Market Forecast: Gulf Coast
Renovating in a Recession: New Rules
Development & Design: Make Way for Modular
Products: Security
Finance: Structured Financing
Directory: Multi-Housing Finance Providers
Technology: Utility Management

Multi-Housing News - February 2009