Investors who skip operational and local analysis risk overlooking issues that erode asset performance over time.

Still, leasing was strong.

Once a leasing draw, unused gyms and lounges now drain resources for building owners.

The Santa Ana market offers strong renter demand supported by job diversity and limited for-sale affordability.

Unrealistic assumptions about occupancy, revenue, and retention can skew the business case.

There's concern about what it might do to future housing supply and the vagueness around the legislation.

Executives explain how transparency and accountability foster success.

Also, vacancy fell to the lowest level in nearly a decade.