Property Management News

The conviction of a landlord who was charged with arson after a fatal fire at his rental property has been thrown out. The 72-year-old man has served sixteen years in prison for the crime, according to a news report. He was charged after three of his tenants — a mother and two children — perished in an early morning fire. Investigators determined that the blaze was intentionally set using a chemical accelerant. They alleged the same accelerant was found on the landlord’s shoes. An eviction case was pending at the time of the fire, according to the report. However, the investigators’ findings came under criticism when it was discovered that the chemical they had... Read more

Strong Apartment Demand Driving Near Record Transaction Levels The National Multi Housing Council’s (NMHC) new 2013 NMHC 50, the annual industry ranking of the top 50 apartment owners and managers nationwide, describes an apartment market firing on all cylinders. Boston Capital (155,521 units owned) and Greystar Real Estate Partners LLC (198,533 units managed) remained the nation’s largest apartment owner and manager, respectively, for the third consecutive year. Å“Following the Great Recession, unsettled financial markets, combined with a still-weak job market and considerable uncertainty about near-term political and economic conditions, led many to think apartment... Read more