Insights
Housing 2.0: Creating the Next Generation of Housing
While technology has transformed nearly every industry, housing is still built much as it was a century ago. This insight explores how modern building practices can create healthier, more sustainable, and higher-performing multifamily communities.
High Performance Buildings: Cost vs Value
The lowest construction cost doesn’t always produce the greatest return. The true measure of a project isn’t what it costs to construct—it’s how well it performs over decades of ownership and the value it delivers as a result. This insight explores how thoughtful design, durable
materials, and high-performance building practices can lower operating expenses, enhance asset value, and improve long-term investment performance.
Sustainability: A Guiding Principle, Not an Added Cost
Sustainability begins long before construction starts and is more than an environmental objective—it’s a philosophy of responsible stewardship. When thoughtfully integrated throughout the development process, it can enhance building performance, resident experience, and long-term value without increasing overall project cost.
The Yin & Yang of Multifamily Development
Affordability and luxury are often viewed as competing priorities. This insight explores how efficient planning, intelligent design, and strategic investment can create multifamily communities that deliver exceptional resident experiences without unnecessary cost.
Cap Rates, Quality & Value: The Ford vs. Ferrari Effect
Sophisticated investors don’t simply buy buildings—they price risk. Not all multifamily properties are created or valued equally. This insight explores how superior design, construction quality, and long-term building performance can reduce perceived investment risk, resulting in lower cap rates and higher valuations than merchant-built projects in the same
location.
Yield on Cost: Part I
Yield on Cost is one of the most important metrics in multifamily development, yet it is often misunderstood. This insight explores what the metric really measures—and why understanding the assumptions behind the calculation is just as important as the number itself.
Yield on Cost: Part II
Yield on Cost is an important development metric, but it measures cost—not value. This insight explores why higher land and construction costs can produce superior investment outcomes by creating more desirable, lower-risk assets that command lower exit cap rates and higher long-
term valuations.
Yield on Cost: Part III
Don’t optimize for a metric—optimize for value creation. This insight explains why sophisticated investors evaluate the relationship between Yield on Cost and Exit Valuation, recognizing that higher-quality, lower-risk assets often justify a higher cost because they create greater
investment value.