A Student of the Real Estate Game (ASotREG)

Apartments, Hotels, What’s the Difference!?

by Joe Stampone | Sep 16, 2019 | Development, Innovation, Multifamily

The way people are living, and traveling has fundamentally changed and the lines between apartments and hotels have blurred. Guests and renters are no longer constrained by a market flooded with watered-down options and brands dictating the experience.  Today, renters...

Bringing a Hospitality Mindset to Multifamily Development

by Joe Stampone | Aug 5, 2019 | Development, Innovation, Multifamily

We’re in the midst of a multifamily development boom. If you’ve been to any major city over the past few years, you see ‘stumpy’ midrise developments everywhere. The forgettable stick-frame buildings all look similar. They are relatively cheap to construct, go up...

The Key to Multifamily Asset Management: Controlling Costs and Creatively Adding Value

by Joe Stampone | Jul 14, 2019 | Asset Management, Career, Entrepreneurship, Innovation, Technology

Every so often I scan through the real estate forum on Wall Street Oasis and I recently came across an interesting thread titled ‘Contrarian Thesis: Acquisitions is the Least Interesting Job in Real Estate’.  The post argued that acquisitions is a repetitive job...

The Multifamily ‘Amenities Arms Race’ Shows no Signs of Slowing

by Joe Stampone | Jun 4, 2019 | Asset Management, Development, Entrepreneurship, Innovation, Multifamily

Multifamily development has picked up considerably over the past few years, as the demand for high-quality apartment communities near major employment centers and entertainment has increased. Driven by demographics, couples getting married and having kids later,...

Do We Need to Change the Way we Think About Homeownership?

by Joe Stampone | Apr 27, 2019 | Development, Innovation, Multifamily, Technology

My answer to the question posed in the title is ‘I have no idea’. However, I’m a firm believer that homeownership is not the best path for everyone and that the role of homeownership in the U.S. has been skewed in a way that is dangerous. The term ‘American Dream’...

The Key to an Effective Value-Add Strategy: Hands-On Oversight

by Joe Stampone | Mar 31, 2019 | Asset Management, Career, Entrepreneurship, Innovation, Multifamily, Technology, Value-Add

In my role at Atlas, I oversee our value-add multifamily strategy. We buy 1970’s – 1990’s class B value-add properties and seek assets that are priced below replacement cost and comparable sales, where we can add value at then property level, and that are in markets...