Moody's forecasted that inventory levels will pick up for the next school year, and expects increases in vacancy rates and rental rate growth.

The firm acquired more than 5,000 apartment units last year, growing its portfolio to 35,000 units.

"I think the key to successful business development is to advise your clients as though you are their internal counsel, and regard their issues as though they are your own," says Jennifer M. Kiely of Mintz.

"Remaining focused on accomplishing clients' goals has helped me move through this difficult period and feel like I have contributed to the well-being of my clients, and the survival of the city I grew up in, and love dearly," says Mindy H. Stern of Schwartz Sladkus Reich Greenberg Atlas.