Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO—Supply-chain management issues have a firm grip on the apartment renovation business as operators and suppliers struggle to deal with item shortages and rising prices. Circumstances and solutions and other trends were discussed Tuesday at National Apartment Association’s Apartmentalize Conference in Chicago.

John Kirchmann, Executive Vice President & Chief Financial Officer at Centerspace, said when development companies begin “hoarding” supplies, the supply shortage only worsens. “But the show must go on,” he said. “We have to be more flexible in terms of brands and colors, and find multiple suppliers to do business with.”


GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.