The Latest

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    Jason Finn via Getty Images
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    Tracker

    Problem loans: Tracking the biggest multifamily delinquencies

    Recent distressed transactions occurred in San Francisco, Washington, D.C. and Atlanta.

    Updated May 1, 2024
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    Permission granted by National Apartment Association
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    2024’s top multifamily events

    Multifamily Dive has you covered with a full list of the industry conferences, expos and meetings for the rest of the year.

    Updated April 30, 2024
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    Permission granted by American Landmark
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    DEALS + STARTS

    American Landmark grabs a 444-unit deal in Tampa

    The apartment owner was able to secure lower insurance than its competitors, which helped it purchase the waterfront property.

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    Google Maps

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    Owner, manager sued for death of 2 children in Mississippi apartment fire

    The smoke alarms at the William Bell Apartments were not functional at the time of the incident, according to officials.

  • Silicon Valley as viewed from Hunter's Point in Fremont Older Open Space Preserve. The cities of San Jose, Santa Clara, Sunnyvale, and Cupertino are visible.
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    Bill-Dally via Getty Images
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    Essex assumes ownership of California asset

    The REIT had provided a $14.7 million preferred investment in the 75-unit community in Sunnyvale.

  • A mid-rise apartment building with a mural on the front, next to a street.
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    Courtesy of Bolour
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    DEALS + STARTS

    Grubb plans 3 retail redevelopments in Southern California

    The Los Angeles properties, formerly a Dollar Tree, a movie theater and other retail storefronts, will deliver a total of 375 new apartments.

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    lucky-photographer via Getty Images
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    REIT Report

    Essex raises revenue guidance

    Improvement in delinquencies helped power the REIT’s better-than-expected first-quarter numbers.

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    Permission granted by Core Spaces
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    EXECUTIVE MOVES

    Core Spaces launches wealth management platform

    The student housing firm has tapped brothers Tom and John Dine to lead the investment vehicle as managing directors.

  • Workers in front of heavy equipment stand with a beam that reads "Barton Malow" on top of a tall building.
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    Courtesy of Barton Malow
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    $1.4B Detroit mixed-use tower tops out

    The 685-foot-tall skyscraper is the city’s first in decades, and its second-tallest building.

  • Four-level multi-colored apartment building with trees in the foreground.
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    Permission granted by Bozzuto
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    DEALS + STARTS

    Bozzuto makes first acquisition in 16 years with Gables purchase

    With development becoming more difficult to underwrite, the company is focused on buying stabilized properties on the East Coast.

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    Courtesy of Aptitude Development
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    Aptitude Development to offer mental health support at its student housing

    Residents will have free access to the Counslr app.

  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
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    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
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    REIT Report

    AVB beats estimates, raises guidance

    Strong occupancy and low move-outs to buy homes gave the REIT pricing power into spring leasing season.

  • A professional headshot of JoAnn Blaylock.
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    Permission granted by Birchstone Residential
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    EXECUTIVE MOVES

    Quarterra Living exec leaves Lennar for Ashcroft Capital

    JoAnn Blaylock is now president of Birchstone Residential, Ashcroft’s in-house property firm.

  • 3D Render of the clouds of Hurricane Ida (Aug 28, 2021) on a Topographic Map of the Gulf of Mexico
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    FrankRamspott via Getty Images
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    HUD raises max deductibles for wind and named storm coverage

    The updates are intended to reduce costs for owners and provide more flexibility in negotiations with insurance providers.

  • Brown brick apartment buildings with streets in the foreground.
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    Permission granted by Carleton Cos.
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    Q&A

    Carleton Management Services’ new CEO sees a path for midsize firms

    As operators go through a period of consolidation, Tasha Krawiec says some owners prefer smaller firms.

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    miroslav_1 via Getty Images
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    MLG Capital uses unique approach to make $51M buy in Denver

    The Wisconsin-based firm bought Lowry North in a transaction that provided tax benefits to the seller.

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    franckreporter via Getty Images
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    REIT Report

    EQR continues trend of record-low turnover

    The REIT’s expenses rose only 1.3% thanks to lower maintenance and utility costs.

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    PeterPhoto via Getty Images
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    Colorado’s for-cause eviction bill signed into law

    The final edition, which the state apartment association called “government overreach,” expands the list of conditions for a no-fault eviction.

  • San Francisco skyline at night
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    iStock/Getty via Getty Images
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    $1.5B San Francisco loan heads to servicing

    Maximus Real Estate Partners owns Parkmerced, a 3,221-unit housing complex in San Francisco.

  • Financial details under magnifying glass
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    echoevg via Getty Images
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    Q&A

    ‘Synthetic’ fraud is on the rise. Are you prepared?

    Criminals are using identities composed of a mix of real and fake information to get past traditional detection methods, according to a new report.

  • Washington DC skyline
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    Vito Palmisano via Getty Images
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    Washington, DC, apartment building heads to auction

    Ranger Properties’ new 110-unit project in the Union Market neighborhood was recently foreclosed upon.

  • Two people with their faces hidden are on either side of a table, on which lies a piece of paper on a clipboard and a model of a building.
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    ArLawKa AungTun via Getty Images
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    New Freddie Mac policies address underwriting, fraud detection

    New or inexperienced multifamily borrowers will now need additional due diligence.

  • Rear view of two university students walk down campus stairs at sunset
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    ferrantraite via Getty Images
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    KKR buys student portfolio from Blackstone for $1.64B

    With this acquisition, University Partners will have more than 25,000 units under management.

  • A detached single-family home.
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    Permission granted by Greystar
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    Q&A

    Greystar eyes build-to-rent expansion

    The multifamily giant has 4,500 BTR homes in development and 2,000 more in the planning stages.

  • A rendering provides an aerial view of modern buildings and an entertainment venue.
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    Courtesy of SED Development, JMA Ventures, Machete Group.
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    $500M mixed-use project coming to downtown Orlando

    The development, adjacent to the Orlando Magic’s arena, includes a hotel, housing and an entertainment venue and is set to break ground this year.