The Latest
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Tracker
Problem loans: Tracking the biggest multifamily delinquencies
Recent distressed transactions involve major players, including Greystar, UDR and Mill Creek.
Updated March 14, 2024 -
2024’s top multifamily events
It’s time to plan for the year ahead. Multifamily Dive has you covered with a full list of the industry conferences, expos and meetings in 2024.
Updated Feb. 20, 2024 -
The cities with the largest volume of loan maturities
Atlanta, Dallas and Denver lead the way, as $525 billion in overall apartment loans are expected to mature by 2029.
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Renter competition runs hot in Midwest, Sun Belt markets
In some cities, demand for units is high and new supply is low or even nonexistent.
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Report: DOJ opens criminal probe into RealPage, multiple landlords
The Justice Department also has an ongoing civil investigation into the data and software provider.
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PROJECT SPOTLIGHT
New California property mixes traditional elements, modern design
Located in San Jose’s Japantown neighborhood, Sixth and Jackson aims to preserve the area’s history — and displays archaeological relics found on site.
Updated March 26, 2024 -
DEALS + STARTS
Centerspace sells 2 properties for $19M total
Last year, the REIT jettisoned 13 communities for $226.8 million as it focused on repaying debt.
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EXECUTIVE MOVES
NRP Group names Patrick Carino vice president of development
Carino, previously at RMS Cos., will focus on market-rate multifamily development in the Northeast.
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Properties serve up creative food, beverage offerings
Concepts include drinks on tap, grab-and-go markets and bar spaces open to the public.
Updated March 21, 2024 -
Florida family sues Highmark, Starwood entity after fatal explosion
Mikeanesha Moore’s Orlando apartment, which was newly leased, was found to have an uncapped and unplugged gas line, according to a lawsuit.
Updated March 21, 2024 -
$1.5B Detroit mixed-use project delayed
District Detroit, developed by the Related Cos. and Olympia Development of Michigan, was initially scheduled to start construction last summer.
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Brooklyn properties transferred to servicing
Three of Conway Capital’s New York City properties are delinquent despite strong occupancy.
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6 multifamily projects showcase award-winning design
The National Association of Home Builders recognized developments from across the country in its recent awards program.
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Multifamily logs biggest jump in distress in 18 months
The sector’s 80 bps increase was higher than any other commercial real estate segment.
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Rents rise slightly, ending 7-month decline
Market trends are in flux, with deliveries on the rise and occupancy falling.
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Q&A
Student housing firm sets sights on Power Five conference schools
Champion Real Estate avoids the amenity wars by purchasing and renovating older properties.
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DEALS + STARTS
Venterra Realty joins 3,200-acre master-plan near Houston
The developer’s Camber Ridge is one of two multifamily properties at Cross Creek Ranch.
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Balfour Beatty, C.J. Coakley sued for alleged wage theft on Virginia apartment project
A class action lawsuit alleges that Coakley failed to pay its workers on time and in some cases not at all, while Balfour Beatty was aware of the issues.
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Q&A
How operators can use big data
A framework for analyzing disparate data sets can help providers notice and take advantage of patterns, according to a tech consultant.
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REITs see hurdles for new acquisitions
With asking cap rates still around 5% in many markets, most executives think sellers need to adjust prices.
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EXECUTIVE MOVES
Capital Square names Jay Olander as president and CFO
A 40-year real estate veteran, Olander will also serve as CFO and treasurer of Capital Square’s REIT.
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Shoreham Capital sells SFR community near Orlando, Florida
The developer went under contract over two years ago with a state pension fund for the 175-home community.
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PROJECT SPOTLIGHT
Hoboken Point caters to NYC-area ‘hybrid’ professionals
The Weehawken, New Jersey, property that will be managed by Greystar includes a 5,200-square-foot coworking center.
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More Veritas apartments hit the market in San Francisco
The owner has defaulted on $1 billion worth of loans that were backed by more than 2,450 apartments across the city.
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Family of man slain at DC apartment files $25M lawsuit against owner, manager
The suit alleges CIH Properties did not provide adequate security at the complex.