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— Multifamily Properties Quarterly — April 2015

CONTENTS

Letter from the Editor

T

he Colorado multifam-

ily market is off and run-

ning once again, picking up

where it left off last year.

Development and construc-

tion continue throughout the state,

while vacancy rates stay low and

rents remain high. It may sound

like a broken record, but for many it

is sweet music to

their ears.

Colorado Real

Estate Journal is

proud to present

our second issue

of Multifamily

Properties Quar-

terly. This quarterly

aims to provide

an in-depth look at the apartment

and condominium community with

trends, market features and profiles

from the best in the industry.

The buzz around the industry is

not letting up and many experts

predict 2015 to be another good

year. Learn about the effect the

multifamily industry has on Den-

ver’s economy in an article by Kim

Duty from the National Multifamily

Housing Council on Page 4.

The state is also a national leader

in green building per capita. Many

developers are realizing the benefits

of producing LEED-certified proj-

ects, and savvy renters are asking

for these buildings when consider-

ing where to live. Denizen, a multi-

family project pursuing LEED Plati-

num certification, is highlighted in

this issue.

Architect Bobby Long from Keph-

art also weighs in on apartment

amenities and how developments

are taking location into consid-

eration when placing amenities

throughout a complex.

Thank you to everyone who con-

tributed articles, sat down for inter-

views and helped to provide the

great content found throughout this

publication. Without the assistance

of these industry experts, this spe-

cial section would not be possible.

As you read this publication,

please don’t hesitate to contact

me with thoughts or ideas for

articles that you would like to see

in upcoming issues of Multifamily

Properties Quarterly.

Thanks for reading,

Ryan Gager

rgager@crej.com The multifamily market continues its hot streak Rental boom is boon to Denver economy Kim Duty Median home prices surpass $830,000 in 2034 Craig Stack Exciting times for multifamily investment in Boulder Todd Walsh and Miles King Slowing acceleration despite continued strength Brian Mannlein Boost in employment impacts thriving market Saul Levy and Kevin McKenna Financing green rehab for multifamily properties Ravi Malhotra Colorado’s consciousness toward energy efficiency Ryan Gager A look at single-family versus apartment living Patricia Parish Closing the gap in affordable housing development Peter Wessel Amenity wars: Bigger isn’t better, better is better Bobby Long A free EV charging station? No thanks! Jim Burness Myths about apartment spring cleaning Tom Wanberg and John Blackshire Change perspectives when identifying talent Lynett Brockman 4 5 6 8 10 12 14 16 17 18 19 20 21