Here is some good news about the tax reform package for statessuch as Texas, according to Cushman & Wakefield: “The overalleconomies and commercial real estate outlooks of both high- andlow-tax states and regions will benefit from tax reform,” saidDavid Bitner, head of capital markets research for Cushman &Wakefield. And, there is a related benefit to multifamily owners aswell. “The broader, positive economic effects of the tax packagesupport income and job growth, and ultimately presents a tremendousopportunity for multifamily owners and investors,” says RevathiGreenwood, the firm's head of Americas research. “We expect to seegreater demand for larger, suburban units and single-familyrentals, particularly in areas with great schools.”—Lisa Brown

NEWS AND NOTABLES

AUSTIN, TX—AHV Communities, the leader in thedevelopment and construction of purpose-built single-family rentalhome communities, welcomes Jason Elliot as director of constructionand Russell Smith as director of purchasing. Elliot is responsiblefor operational management of the production of homes includingmanaging AHV's field teams and trade relationships. Smith overseespricing procurement and contracting for the company's numerousactive and planned communities within Central Texas. Both newemployees are based out of AHV's regional New Braunfels and Austinoffices, reporting to Lance Carosello, executive vice president ofthe Texas division.