A MESSAGE FROM THE AANC PRESIDENT: Sept. 2023
Greetings!
The country has been preparing for headwinds in multifamily for quite some time, however it’s been described as “resilient” thus far in 2023 as much of our state has continued to outperform expectations. A supply surge is driving vacancy rates up in certain markets or even micro-markets as a result of outpacing demand. Inflation & increased interest rates have contributed to delayed home purchases and kept more people in rental homes. North Carolina continues to experience positive net migration as well as job growth placing the state in the Top 10 growth rate for both.
There is a larger concern in commercial real estate in the Office sector with most institutional owners having substantial write-downs on values, but we may not know the full extent until Q4 2023. For investment capital, this reflects positively for multifamily as a sector. We may see an increase in office building converting to multifamily as a result.
Jon Lowder, Executive Director, AANC officially starts September 5, 2023. Jon is well known in the multifamily industry from his years of service as Executive Director for the Piedmont Triad Apartment Association for 12 years. However, Jon has had a positive impact on several additional AANC affiliates through his dedication to teaching, training, and organizing local association staff members and volunteer leadership.
Jon’s an idea guy without an ego but the panache required to spotlight our association needs and build necessary relationships with elected officials and other interested groups. His strengths are identifying and advocating on regulatory issues impacting the industry, strategic planning and growing membership. He will be the public “face” for our industry in North Carolina and is looking forward leading the way.
I would like publicly thank the Selection Committee for your time, dedication and diligence in serving AANC.
Also, SAVE the DATE and BUDGET NOW for our exciting statewide 2024 Education & Legislation Conference taking place from April 29 to May 1, 2024. LEAP (Linking Education, Advocacy & Partnerships) is this year’s mantra! YOU can help strengthen your association through your involvement. Take advantage of innovative educational sessions (providing 8 CEC's), a phenomenal stand-alone trade show and expand your professional network. WHO should attend? EVERYONE from on-site Leasing, Community Managers and Service Managers to Corporate supervisors, marketing team and owners. Invest in yourself and personal development. The conference will be held in Raleigh Convention Center. Registration will open December 2023 and sponsorship opportunities will open October 2023.
Lisa
Lisa Taylor l Greystar
AANC President
