The Latest
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January 2023 roundup: New multifamily products
This month’s highlights range from ultra-thin showerheads to insulated corner sheathing.
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DEALS + STARTS
Wolfson breaks ground on rental townhomes in Orlando, Florida
Encanto Isla is set to deliver its first units in the third quarter.
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OUTLOOK 2023
3 reasons why labor, material and land prices may ease in 2023
Construction costs for developers should moderate this year, experts say.
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Apartment demand drops to lowest level since 2009
Market indicators point to higher absorption in 2023, but consumer confidence needs a rebound first.
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2023’s biggest multifamily events
It’s time to plan for this year. Multifamily Dive has you covered with a full list of the industry conferences, expos and meetings coming up.
Updated Jan. 9, 2023 -
$448M loan backing 62 San Francisco properties goes into default
Veritas, the city’s biggest landlord, is looking for a partner to help recapitalize the assets.
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DEALS + STARTS
Fogelman makes a purchase near the University of Georgia
The Memphis, Tennessee-based firm acquired 1,660 units, totaling $291 million, in 2022.
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Deep Dive
Recession watch: Why the next one will be different
Executives from Skanska, Lendlease, Suffolk and others see unique characteristics in an economic slowdown this year.
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OUTLOOK 2023
3 questions about REITs in 2023
The public companies could see an opportunity to get more aggressive in the new year, but deteriorating fundamentals may provide challenges.
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2 longtime DC real estate firms join forces
By acquiring Borger, Donohoe adds a residential management division.
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Flexible rent payment options gain popularity as affordability decreases
Buy now, pay later programs save property managers time and help struggling renters stay up to date.
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Q&A
Chicago rent growth will moderate in 2023, owner says
Peak Properties’ Mike Zucker is focusing on retaining both employees and residents this year.
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OUTLOOK 2023
Apartment investors look for discounts in 2023
With $249 billion in debt maturing in the next two years, some owners may have to sell regardless of whether they’re ready.
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DEALS + STARTS
Fifield Cos. starts transit-oriented development in Denver suburb
The 302-unit Arden Englewood Apartments takes design cues from the surrounding neighborhood.
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DEALS + STARTS
Trion scores 37% rate of return on Oregon deal
The company sold Fox Meadows in Portland for $19.35 million after holding it for two years.
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Best of Builders’ Show program highlights new products
See which products from the International Builders’ Show have potential for the multifamily sector.
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OUTLOOK 2023
Capital challenges squeeze apartment developers
With financing harder to obtain, some firms may press pause on construction in 2023.
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Retrieved from Flickr/Eric E Castro.
After a strong 2022, rent growth expected to slow this year
Rents rose 6.2% in 2022, posting a second straight year of rapid growth — but that has decelerated in recent months, according to Yardi Matrix.
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CMBS delinquency rate rises in December
Multifamily’s 36-basis-point increase topped all commercial real estate sectors.
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OUTLOOK 2023
Managers prepare for a challenging year
Expense control and retention will be priorities amid concerns about inflation and the economy.
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DEALS + STARTS
Mosaic, Atlantic Jasper break ground on large-scale BTR community in Northern Arizona
The Flats at Jasper will consist of 240 horizontal apartment-style units.
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PROJECT SPOTLIGHT
Washington, D.C., apartments offer art-focused amenities
Gallery 64 is co-located with the Rubell Museum DC and features a makerspace and recording studio.
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Q&A
Dallas developer takes ‘pet friendly’ to the next level
Steve Bardack’s Fidus Pet Concierge Communities aims to purchase and renovate garden-style properties with pet-friendly features.
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Q&A
As lending dries up, single-family BTR draws in young professionals
Difficulties with loans raise the appeal of amenity-rich rental communities for would-be buyers, says Bryan Moore of DBA Architects.