X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

As multifamily owners continue to add more services and hotel-like experiences, residents are also increasingly interested in property-hosted events. These events help to bring residents together and create a sense of community, which can both lead to better occupancy and less unit turn-over as well as more premium rents.

“Residents love property-hosted events. Communal spaces alone do not equal resident interaction,” Gidi Cohen, founder and CEO of CGI Strategies, tells GlobeSt.com. “Human nature still rules and residents need that extra reason to push them closer together and to catalyze connection. Developers still have creative control of what types of spaces and amenities return the most value in terms of resident satisfaction and willingness to pay a premium rental fee.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.