Page 2 — Multifamily Properties Quarterly — November 2023 3 The upside of uncertainty is a buying opportunity Kevin Brinkman 6 Northern Colorado Class A market holding steady Jake Hallauer 8 An alternative narrative: Denver’s MF supply pipeline Rob Bova & Jackson Lomis 10 Addressing Denver’s workforce housing crisis Greg Glade 12 Pulse check: Buying opportunities lie ahead Carl Riggins 14 The ugly side of 1031s: Time is not on your side Jon Hilley 16 BTR townhomes: Pushing in the right direction Bill Ramsey CONTENTS 18 Art of neighboring: Establish community culture Elizabeth Meyers 19 Dive into success: Balancing pool appeal, safety John Helm 20 Build healthier communities, increase revenue Angela Nichols 21 Benchmarking, energy performance requirements Diana Jenkins 22 Measure social, economic impact of healthy design Brian J. Levitt 24 Bringing new talent to commercial real estate Lynett Brockman 30-32 Affordable housing Apartment Appraisers & Consultants Full details of 1,400 properties surveyed quarterly since 2004 New construction pipeline, rents, vacancy, owners, managers Denver, Colorado Springs, and Fort Collins/Greeley Appraisals and Market Studies Fannie Mae, Freddie Mac, FHA/HUD Colorado Front Range Cities Since 1992