Amenities in Multifamily Real Estate — An Increasingly Vital Factor

After graduating from Carnegie Mellon University with a BS in business, Vito Dragone worked at Oxford Realty Financial Group before founding Dragone Realty Investments, which deals with acquiring, rehabilitating, and managing multifamily investments in Washington, DC. At the company, Vito Dragone manages construction and renovation projects, which include adding modern amenities to properties.

With the increase in multifamily development projects, tenants have plenty of options when deciding the properties they will settle for. According to the National Multifamily Housing Council, many renters weigh on the amenities available in buildings and how these cater to their needs and contribute to their comfort.

Some of the trends in amenities that property managers and developers consider to attract tenants enhance their experience and save time. Many upscale apartments today are designed with community amenities such as package lockers, laundry facilities, fitness centers, and concierge services in mind. For instance, The Milano Apartments in Maryland boasts features like a fitness center, onsite laundry, and a resort-style pool. Additionally, the apartments have incorporated technology systems such as controlled building access for security.