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
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    Permission granted by National Apartment Association
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    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
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    Permission granted by Makellos Cabinetry
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    PRODUCTS

    April 2024 roundup: New multifamily products

    Offerings this month range from an AI-powered maintenance management platform to vacuum-insulated window glass.

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    Elena Alex photo via Getty Images
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    Multifamily deal volume drops 25%

    The apartment sector has posted year-over-year transaction declines for seven consecutive quarters.

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    Permission granted by Embrey
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    Q&A

    Embrey exec encourages women to consider a career in building

    Helena P. Finley is currently leading the construction of 20 projects in eight regions for the San Antonio-based firm.

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    Maudib via Getty Images
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    Apartment starts fall more than 43%

    Completions rose 4.6% as developers added more than 500,000 units in March.

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    Permission granted by Mast Capital
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    DEALS + STARTS

    Mast Capital starts 320 units in high-growth Florida market

    Hancock Bridge Square is set to take advantage of rapidly rising rents in Fort Myers.

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    Permission granted by Summit Contracting Group
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    Q&A

    The country’s top apartment builder says higher prices are here to stay

    Summit Contracting Group’s Marc Padgett sees business picking up, but says that construction costs remain stubborn.

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    Permission granted by Value Cos.
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    EXECUTIVE MOVES

    Value Cos. names Matthew Mirman executive vice president

    The former sports betting VP will focus on the New Jersey multifamily owner’s portfolio expansion and third-party management affiliate.

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    DEALS + STARTS

    San Diego-area apartment trades for $82M

    Jackson Square Properties sold a 233-unit community in Chula Vista to Pacific Urban Investors.

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    Michael Vi via Getty Images
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    Gen Z to pay $145K in rent by age 30

    While millennials paid less for rent in their 20s than their younger counterparts, they also earned less on average.

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    4 questions about the Blackstone-AIR deal

    Analysts talk about the implications of last week's acquisition and the potential for more M&A on the horizon.

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    PROJECT SPOTLIGHT

    Tech-focused apartment tower set to open in Oakland

    Managed by Bozzuto, 1900 Broadway will offer office space, coworking options, a fleet of Teslas and amenity access through an integrated mobile app.

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    MEB Management Services merges with Weller

    The combined company, Bryten Real Estate Partners, will operate nearly 47,000 units across the U.S.

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    Solidago via Getty Images
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    The multifamily markets where expenses are rising the fastest

    While total operating cost growth has slowed somewhat, insurance premiums are increasing, especially in disaster-prone areas.

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    Kameleon007 via Getty Images
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    S&P puts AIR on watch after Blackstone deal

    The rating agency is concerned that the investment manager is “likely to continue to saddle aggressive debt leverage upon its portfolio companies.”

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    California manager settles for over $1M in security deposit case

    The state attorney general alleges that Arnel Management Co. deducted pre-set cleaning fees regardless of unit condition.

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    Hines enters the BTR market

    The Houston-based CRE giant believes the sector will thrive during the  “higher-for-longer” interest rate environment.

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    Permission granted by Halstead
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    Q&A

    Upcoming 325-unit property spotlights artistry in Huntsville, Alabama

    Bordering two historic districts, Stella at Five Points is positioned to take advantage of a changing market.

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    graphiknation via Getty Images
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    DEALS + STARTS

    RPM Living pays $85M for Atlanta-area asset

    The Austin, Texas-based firm bought the 407-unit apartment complex from Willow Bridge Property Co.

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    Q&A

    Hillpointe rises to the top

    The firm’s fully integrated approach provides a unique competitive advantage, according to co-founder Steven Campisi.

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    Greystar, Summit Contracting take top spots on construction lists

    Mill Creek Residential and Trammell Crow Residential moved up to the No. 2 and No. 3 spots on the developer chart.

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    Kirpal Kooner via Getty Images
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    Rent growth sees largest gain in 20 months

    The national average rent rose $8 in March, and demand for units remains strong.

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    Biden has proposed ‘the boldest housing plan in a generation,’ his economic advisor says

    The plan would expand tax credits for affordable housing developers, a proven way to boost supply, National Economic Advisor Lael Brainard said.

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    Rising rental fraud comes at a cost for property managers

    Falsified applications have reduced income or increased expenses by at least 10% for most operators, according to a new report.