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Page 2 — Multifamily Properties Quarterly — February 2017
Letter from the Editor
W e’re starting the year with
an issue chock-full of
articles addressing some
of the hottest topics in our
industry: the lack of afford-
able housing continues to plague
conversations about Denver’s market
and demand for sustainable practices
continues to grow.
The city of Denver wrote an article
on Page 18 that rounds up many of the
affordable projects with a handy map
to see the locations
and sizes of these
developments.
Further, on Page
26, Erik Okland
with Cuningham
Group Architecture
shares his perspec-
tive working on
Northfield at Staple-
ton Apartments, a
project that used Denver’s Revolving
Affordable Housing Loan Fund. The
project features 840 affordable units
designed to blend in with market-rate
apartments in the Stapleton neighbor-
hood. The article offers great insight
into how this type of project comes
together.
Okland’s team put great emphasis
on ensuring the project met energy-
efficiency goals. On Page 12, RayWhite
with JLL writes why he believes the
green movement is not some pass-
ing fad, but rather a new standard for
Colorado multifamily properties.
To further supportWhite’s argu-
ment, 2017 ushers in new require-
ments for water fixtures. All fix-
tures sold in Colorado now must be
approved to meet the Environmental
Protection Agency’sWaterSense certi-
fication. Read about how it will affect
your future project on Page 14.
One more way energy efficiency is
leaving its mark on the multifamily
market is within the realm of con-
struction. Satyen Patel writes that
there is a building materials evolution
occurring due to a desire to embrace
sustainable practices, which is a good
thing, considering that construction
and demolition debris accounted for
more than 66 percent of the total
waste generated in the U.S. in 2014,
according to a study released by the
EPA.
Over the past few months, some
headlines regarding the national mul-
tifamily market caught my attention.
TheWall Street Journal pondered if
the luxury apartment boom faces a
glut, while the NewYork Times won-
dered if the millennial migration had
peaked. Both theories would undoubt-
edly impact our market. I will watch
for indicators to confirm or reject
these musings. I’d love to hear your
opinions on both of these topics.
I hope to see many of you at the
Colorado Real Estate Journal’s 2017
Multifamily Development and Invest-
ment Conference March ve
moved locations to the Hyatt Regency
Aurora-Denver Conference Center.
Visit our website to see
the agenda and purchase tickets for
this event.
Thank you to all the authors who
helped make this issue such a well-
rounded one.Your input is invaluable.
303-623-1148, Ext. 104
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