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 June 13, 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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    Feverpitched via Getty Images
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    Average rent rises to all-time high despite slow YOY growth

    While market performance is following normal seasonal patterns, large delivery pipelines are a headwind on rents in the Sun Belt and other markets, according to Yardi.

  • A table with chairs in a common area in a luxury apartment building
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    Permission granted by Cushman & Wakefield Multifamily Asset Services
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    Q&A

    Woody Stone sees more M&A coming in the management space

    The president of Cushman & Wakefield Multifamily Asset Services says some larger owners are moving to limit the number of operators they work with.

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    Permission granted by CBRE
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    DEALS + STARTS

    Nuveen lands Minneapolis-area property for almost $50M

    Capreit sold the four-building, 282-unit complex that was built in 1998.

  • The entrance to an apartment property by the road. Heavy tree cover is located on either side.
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    Google Maps

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    Bellingham, Washington, apartment owner asks to join suit against ‘Walmart encampment’

    Management claims that its tenants are leaving due to health and safety concerns related to a nearby settlement of people experiencing homelessness.

  • A row of glass high-rises on the right and boats docked on the left.
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    Permission granted by Hoffman & Associates
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    EXECUTIVE MOVES

    Hoffman & Associates names new CEO

    JLL alum Brian Dawson will step into the role, replacing Mark Dorigan at the Washington, D.C.,-based developer.

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    Moya Design Partners, Montgomery County Planning Board

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    Developer backs out of apartment project near DC Metro station

    JLB Partners’ recently approved plan in Silver Spring, Maryland, called for 390 apartments over commercial space.

  • A park between two apartment buildings, with a farmers' market at the near end.
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    Hunter Pasteur Homes

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    DEALS + STARTS

    Former racetrack makes way for master-plan near Detroit

    The Downs will contain 174 apartments, 53 condos and 245 homes and townhomes at full buildout, plus retail and parking spaces.

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    Retrieved from Tribeca NoMa.
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    Another DC building heads to auction

    A second apartment in Washington’s NoMa neighborhood faces foreclosure.

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    drnadig via Getty Images
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    FBI raids Cortland office

    The Atlanta-based owner and operator confirmed the search but said the company and its employees are not targets of the investigation.

  • Real estate agent holding keys to new flat.
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    simpson33 via Getty Images
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    Staff matters, new survey of 400,000 online reviews says

    More than 60% of positive property reviews — and 18% of negative ones — make mention of on-site teams, according to an AI-powered study.

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    nathaphat via Getty Images
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    AvalonBay released from Washington, D.C., RealPage litigation

    Dismissal requests from Highmark Residential and JBG were rejected in the antitrust suit.

  • Light colored modern apartment building with a grocery on the ground floor
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    Permission granted by Bozzuto
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    Q&A

    How Bozzuto evaluates new construction projects

    President of development Mike Henehan says the company is looking at location, partners and the overall structure of deals.

  • Four story building with Peets Coffee on the ground floor
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    Permission granted by Cityview
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    DEALS + STARTS

    Cityview, Greystar sell California property

    Although a buyer wasn’t named, the 164-unit asset in Mountain View is now listed on Essex Property Trust’s website.

  • A rendering of a pool deck and oceanfront.
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    Permission granted by 390 Ocean Owner LLC
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    DEALS + STARTS

    Beachfront condos underway on rare Jersey Shore plot

    The 132-unit Atlantic Club in Long Branch, New Jersey, will encompass units ranging from one to five bedrooms and 993 to 4,246 square feet in size.

  • Ranger Properties’ Washington, DC, building sold at auction

    HH Fund bought the 110-unit project in the city’s Union Market neighborhood for $38.3 million.

  • An apartment with a kitchen next to a bed and a sofa.
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    Permission granted by Riaz Capital
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    Hotel conversions take top spot in adaptive reuse

    Over 151,000 units converted from other building uses are in progress across the country — of which 34,000 are coming from hospitality.

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    Colin Miller

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    PROJECT SPOTLIGHT

    Philadelphia redevelopment exudes Scandinavian vibe

    Piazza Alta is the latest apartment complex in a former industrial center in the city’s Northern Liberties neighborhood.

    Updated June 12, 2024
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    Permission granted by Harbor Group
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    Thought Leaders: May 2024

    Executives from Harbor Group, Greystar, AvalonBay and more talk about their latest challenges and successes.

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    Spencer Platt via Getty Images
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    ‘Worst’ yet to come for commercial real estate: Conference Board

    Many banks have pursued a policy of “extend and pretend” to avoid writing off troubled commercial real estate loans, according to a Conference Board economist.

  • Two-story brown, brick apartments with grass and tree in the foreground.
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    Permission granted by Lion Real Estate Group
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    DEALS + STARTS

    Lion Real Estate Group moves into Charlotte, North Carolina

    The real estate investment and asset management firm has acquired a 225-unit apartment complex in the northern part of the the city.

  • A sliding patio door leading onto a deck.
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    Permission granted by Cornerstone Building Brands
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    PRODUCTS

    May 2024 roundup: New multifamily products

    Payment management and resident tech support are among the new services available this spring.

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    Permission granted by AvalonBay Communities
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    Q&A

    Inside AvalonBay’s strategy to woo residents who work from home

    The REIT has redesigned dining spaces, bedrooms, common areas and even operations to accommodate renters who work remotely.

  • The New York state capitol building, a white building with multiple towers.
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    4nadia via Getty Images
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    States see wave of squatting-related legislation

    Florida, New York and other states passed laws this spring enabling removal of illegal residents, and similar bills are being considered in other jurisdictions.