News

Traffic and Leases Move Up From Pandemic Low It’s been two months since the initial lockdowns started across the country. This week, we saw a number of other states start to open up, and our industry is showing some positive signs in terms of some leading indicators. On a national basis, both traffic and leases […]

Traffic and Leases Continue Week-Over-Week Improvements During Pandemic As April drew to a close, most of the country was still in lockdown mode. But we have begun to see some states start to lift the restrictions they put in place five to six weeks ago. And although most of us contend it will be a […]

Dear Radix Friends, I hope this week finds you healthy and you are still managing through working from home and the new “normal.”  We are almost a month since most states started lockdowns and we are seeing reverberations across all markets. Also, leading indicators such as traffic and leases that declined precipitously have started stabilizing […]

I hope you are staying healthy, safe, and managing through these difficult times. We are going to make some additional changes to our Rent and Operating Trend Data report we announced a couple of weeks ago. First, we are going to circulate these reports with our clients weekly as opposed to bi-weekly. This is mainly due to […]

Dear Radix Friends, I wanted to share a note with all of you that I sent to our clients last week. We hope you, your families, and your colleagues are well and healthy. These are unprecedented times for all of us.  As we travail through this ambiguity, we at Radix were genuinely asking ourselves how […]

We were thrilled to welcome Jared Wicker to the Radix team last summer. Jared is an apartment industry veteran with invaluable experience in multifamily operations. He will play a critical role at our company as Radix expands its client base and meets the data needs of all of our customers. You may even recall reading […]

When people picture crowdsourcing in action, the apartment industry doesn’t typically come to mind. We’re more inclined to think of big consumer brands getting ideas from their customers and the general public. Like the popular LEGO Ideas platform, through which users can submit their suggestions for new LEGO sets.  Or Waze, which has allowed many […]

Move-ins are done. Students, eager to learn and enjoying their lives away from home, are roaming through your community’s halls. Your onsite teams are kicking butt and taking names when it comes to managing resident life. Things are sitting pretty — at least for a while. Not too long after students move-in and start their […]

2020 is bound to be an exciting year for Radix. We’re poised for significant growth as more apartment owners and operators realize the benefits of our cutting-edge market-survey platform. Adam Harris, our new vice president of sales, will help us strategically manage and maximize that growth. A multifamily veteran with invaluable experience on both the […]

There are numerous benefits to optimizing and streamlining your market survey process. To start with, when you have reliable real-time data about your competitors’ rental and occupancy rates, you understand exactly how your community compares to its comp set and you can make truly informed pricing decisions. Also, when your busy onsite teams use an […]

When apartment operators are evaluating the performance of their communities, data about the surrounding submarket is absolutely critical. But not all submarket data is created equally. Although metro market reports produced by research organizations have an undeniable value in the assessment of a market’s performance, it would be a mistake for operators to rely on […]

When evaluating the pricing of its communities, Alliance Residential likes to use a wealth of information. The operator considers the macro data contained in monthly and quarterly MSA market reports produced by third parties such as Reis and others. But when it comes down to it, it’s impossible to top the importance of micro data. […]

Recently I’ve heard many people talking about the wonders of scraping websites and how it will solve all of our data gathering problems. And unfortunately, I must disagree. But before delving into why I believe web scraping is a flawed practice, it is important to truly understand what it is. While web scraping can be […]

The multifamily software, which surveys multifamily comps, has reached 2 million apartment homes. Multifamily software company Radix has grown its portfolio to 2 million apartment homes. The cloud-based software has reached 2 million active apartment homes. Company leadership says that the benchmark is a testament to the firm’s ability to transform the creation of market […]

The new name reflects company’s mission of being the source of apartment comp data SCOTTSDALE, Ariz. – Sept. 17, 2019 – Radix, the provider of an innovative, cloud-based market-survey solution that produces true apples-to-apples comparisons between multifamily comps, today announced it has reached 2 million active apartment homes. The company, formerly known as BI:Radix, also […]

When it comes to apartment market data, it’s important to make a distinction between “macro” and “micro.” Macro data refers to statistics like a metro area’s average rent or its occupancy rate. Micro data refers to the average rent or vacancy rate of a competitive set of communities. Think of it in terms of a […]

When it comes to understanding your apartment community’s performance, it certainly doesn’t hurt to look at as much market data as possible. Monthly and quarterly market reports compiled by research and brokerage firms about your metro area are worth reviewing, but they also have limitations. By the time they arrive on your desk or in […]

When Redwood Capital Group decided to launch its management division, Redwood Residential, Mary Herrold knew the new company could benefit from a departure from the traditional market survey process. She knew they needed something simple, innovative, comprehensive and streamlined. A multifamily veteran with nearly 30 years of experience in the industry, she is all too […]

Here’s how multifamily managers can use a third-party cloud database to streamline their market survey process. Executives at Alliance Residential Co. recognize the indispensable role regular market surveys play in getting pricing right. That’s why, some time ago, they decided the company had to move away from the traditional Excel-based approach to the surveys. These […]

When it comes to successfully pricing your apartment homes, it’s critical to know who your competitors are and what rental rates they are charging. Unfortunately, though, too many operators don’t have a true, clear-eyed understanding of their properties’ comp sets. Below are some common mistakes property managers make when trying to determine who the competition […]

“Life moves pretty fast.” So said the wise philosopher Ferris Bueller in the 1986 classic movie. I can’t help but think of that line sometimes when thinking about apartment rental rates. They move pretty fast, too. In fact, they’re changing on an almost daily basis. To make the most effective decisions regarding pricing and concessions, apartment communities […]

Everyone knows how important it is to capture asking rents from competing apartment communities. And conducting weekly market surveys is the most common practice to secure this vital business intelligence. When done right, market surveys can provide invaluable insight into whether a community’s rental rates are too high, too low or competitive. A key part […]

Shelton-Cook utilizing the BI:Radix platform has been able to get more accurate market survey data faster while streamlining the process, proactively managing rents, and improving communications with internal teams and owners. BI:Radix recently had the opportunity to sit down with two of Shelton-Cook’s platform users — Sharon Kuhlman, Regional Portfolio Director,and Lavina Spivey, Property Manager […]

BI:Radix, the nation’s fastest growing multifamily market survey (BI) platform, today announced that it has surpassed one million participating apartment units in the U.S. since launching the innovative platform in 2015. “We are incredibly excited with how quickly the industry has embraced a better way to obtain actionable market data” says Blerim Zeqiri, co-founder and […]

Voyage phoenix met with our CEO Blerim Zeqiri in Scottsdale . Here are some of the question he answered in the interview: So, before we jump into specific questions about the business, why don’t you give us some details about you and your story. Overall, has it been relatively smooth? If not, what were some […]

An Owner’s Perspective A conversation with Raintree Partners and BI:Radix “We care a great deal about historic and current real estate performance trends which help us understand both micro and macro market behaviors; BI:Radix is a tool which measures such, allowing us to be more predictive and proactive with our assets strategies.” Annette Thurman, Senior […]

Wood Partners goes beyond giving people a better place to live: distinctive communities of lasting value are created, a solid return for investors is delivered, and a culture of respect and empowerment is forged for its employees. Wood Residential Services, the in-house division of Wood Partners specializing in property management, highlights a unique aspect of […]

Early adopters of the BI:Radix automated business intelligence solution include, among others, Alliance Residential Company, AEW, Cirrus Asset Management, JP Morgan Asset Management, Raintree Capital, Sares-Regis, Trion Properties, The Sobrato Organization, and Woodmont Real Estate Services. BI:Radix is excited to introduce its cloud-based market survey platform, providing the most accurate and actionable competitive data to […]