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On the Hunt: Conference to draw 600

Terrance Hunt sums up his prediction for the Denver area apartment market with four words: “more of the same.” And while “more of the same” at first blush might sound pretty boring, it’s actually pretty great. That’s because absorption has defied skeptics who have feared the Denver apartment market has been on the brink of…

Kris Oppermann Stern

March 1, 2019

10,000 making waves in apartment circles

Ten Thousand Waves is a world-class resort on a mountain road in Santa Fe. But what is really making waves in Denver apartment circles is the number 10,000. Specifically, the observation by apartment guru Cary Bruteig that developers can’t build much more than 10,000 units in the Denver area has given developers much more confidence…

Kris Oppermann Stern

October 1, 2018

Rental-shoe-dropping silence

Rental-shoe-dropping silence. The sound you are not hearing is the other shoe dropping regarding the local rental housing market. For several years, even some industry leaders have been projecting that Denver’s bull market for rental units was going to run out of steam. With an apartment crane seemingly on every block, overbuilding would lead to…

Kris Oppermann Stern

July 16, 2018

Absorption for apartments strong

Absorption. The late George Wallace, founder of the Denver Tech Center, told me in the 1980s that the absorption rate was the single most important metric for measuring the health of a real estate market. That was an era when Denver’s economy was being hammered by a drop in oil prices and changes in tax…

Kris Oppermann Stern

November 8, 2017

Bruteig brings ‘cold, hard facts’ to CREJ conference

Bruteig’s bully pulpit. Cary Bruteig, the go-to apartment authority for everyone in the multifamily business, book-ended the half-day multifamily conference last week that drew about 500 brokers, lenders, developers and others on the ground floor of the Front Range apartment market. Bruteig not only provided a detailed analysis of where the Denver-area and Front Range…

Kris Oppermann Stern

October 25, 2017