The Latest

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    Jason Finn via Getty Images
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    Tracker

    Problem loans: Tracking the biggest multifamily delinquencies of the year

    From New York to San Francisco, apartment owners are struggling to pay their lenders. Multifamily Dive rounds up the companies and portfolios that are facing issues.

    Updated Nov. 3, 2023
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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 to come. Multifamily Dive has you covered with a full list of the industry conferences, expos and meetings on tap for 2024.

    Updated Nov. 3, 2023
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    Permission granted by LG
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    PRODUCTS

    November 2023 roundup: New multifamily products

    Induction cooktops, an ADA-accessible sink and a variety of services for apartment operators hit the market this month.

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    ipopba via Getty Images
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    Analysts downgrade 3 REITs on heightened supply concerns

    Multiple investment banks have cut Camden, UDR and MAA as bad debt and interest rate increases also pose problems.

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    Surette Media Group

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    Q&A

    Luxury condo owners want ‘full-service homes’

    Cocktail bars, coffee lounges, curated furniture packages and more are in demand with high-end buyers, according to designer Linda Zarifi.

  • A red construction frame in front of a high-rise building under construction.
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    JARAMA via Getty Images
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    Apartment starts plummet nearly 32%

    Completions of new buildings rose 14.3% as supply became a bigger issue in some markets.

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    Goodboy Picture Co. via Getty Images
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    Opinion

    NMHC survey reveals renters’ top preferences

    Prospects are most drawn to practical features such as air conditioning and in-unit washers and dryers, according to a new report.

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    robertcicchetti via Getty Images
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    DOJ: RealPage suit should move forward

    The Justice Department said the use of a shared algorithm would be illegal under antitrust law if allegations brought by renters are true.

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    Permission granted by Buckingham Cos.
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    Q&A

    Inside a Midwestern owner’s move into third-party management

    Buckingham brings Ian Bingham on board as it continues to explore centralization.

  • Glass building with Fannie Mae sign.
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    Retrieved from Fannie Mae on November 20, 2023
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    Fannie Mae extends Positive Rent Payment program

    In just over a year, the program has helped 23,000 renters establish a credit score.

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    Permission granted by Ascendant Development
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    PROJECT SPOTLIGHT

    Ascendant Development expands its Dallas-area footprint

    Haven at Mansfield adds 257 units to a strong, high-growth submarket.

  • Glass building with Fannie Mae sign.
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    Retrieved from Fannie Mae on November 20, 2023
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    FHFA reduces lending caps again for Fannie, Freddie

    Loans that support workforce housing will be exempt from the volume limits.

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    Mlenny via Getty Images
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    Rents continue falling amid recession concerns

    Northeast and Midwest markets are growing, while the West and Sun Belt see rent declines related to new supply.

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    Svetlana123 via Getty Images
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    MSCI: Apartment sales fall for 14th straight month

    Multifamily transactions declined 72% year over year to $6.2 billion, while prices dropped 13.7%.

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    Courtesy of Toll Brothers Apartment Living
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    DEALS + STARTS

    2 Toll properties break ground a week apart in Arizona

    With Navona and Lumara underway, the firm’s multifamily division now has four properties and 1,317 units in its Phoenix metro pipeline.

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    franckreporter via Getty Images
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    REIT Report

    EQR reports strength on the East Coast

    Washington, New York City and Boston thrive, while Seattle and San Francisco struggle. 

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    elxeneize via Getty Images
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    Multifamily originations fall 50%

    Fannie Mae and Freddie Mac see volume decline 27% in Q3, as underwriting remains difficult and transactions continue to drop.

  • Downtown skyline view of high-rise buildings in Phoenix, Arizona.
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    4kodiak via Getty Images
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    Phoenix office-to-apartment conversion goes to foreclosure

    The former BMO Harris bank tower could be auctioned later this month after the owner defaulted on a $71.3 million loan.

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    RoschetzkyIstockPhoto/iStock/Getty Images Plus via Getty Images
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    Austin, Texas, removes most parking requirements for multifamily buildings

    Several U.S. cities have now made this move, citing construction costs and climate concerns.

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    Pgiam via Getty Images
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    REIT Report

    Essex sees delinquencies drop in October

    The REIT predicts growth potential from tech jobs in its West Coast markets, with limited new supply competition.

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    Maudib via Getty Images
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    ‘Mild recession’ expected to dampen future multifamily deliveries

    Tight financing, economic weakness and record levels of new supply are taking a toll on construction estimates, Yardi says.

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    Permission granted by BIG and Bucharest Studio
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    Billionaire-planned smart cities in the US: What’s the latest?

    To date, most of these grand plans have made little progress and face scrutiny from residents, local governments and states.

  • A lobby area with white chairs. Someone is behind the front desk and another person is walking a dog.
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    Tom Harris

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    How to integrate the arts into new multifamily projects

    Developers are engaging current and potential residents by featuring original work from local artists and offering creative amenities.

  • A view of the buildings at Florida State University from the observation deck of the Florida Capitol building.
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    Michael Warren via Getty Images
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    DEALS + STARTS

    Landmark assembles 20 parcels for Florida project

    The developer is building an 859-unit luxury student housing project in Tallahassee.

  • A rendering of a four-story new apartment building next to a river.
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    Permission granted by Flaherty & Collins
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    Q&A

    Public-private partnerships help fill Indianapolis developer’s pipeline

    Flaherty & Collins Properties has carved out a niche as a company that helps Midwestern towns attract new residents.