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 -
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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Multifamily deal volume drops 25%
The apartment sector has posted year-over-year transaction declines for seven consecutive quarters.
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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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Apartment starts fall more than 43%
Completions rose 4.6% as developers added more than 500,000 units in March.
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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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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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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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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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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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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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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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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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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.