The Latest
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Multifamily events for the second half of 2023
It's time to plan for the rest of this year. Multifamily Dive has you covered with a full list of the industry conferences, expos and meetings coming up.
Updated July 19, 2023 -
Study: Unused parking adds over $2M to typical multifamily projects
A new white paper from Rutgers University found that reducing parking spaces could save money and minimize environmental impact.
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DEALS + STARTS
240 units break ground near Gainesville, Florida, mall
The Evergreen Westside will make use of a site rezoned for residential development in 2019.
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DEALS + STARTS
CP Capital’s suburban strategy pays off in Chicago
Tax issues slowed the sale of The Monarch, but the firm was still satisfied with the outcome.
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PROJECT SPOTLIGHT
Leasing begins at 200-unit, 27-story tower in the Bronx
Maven, located in the Mott Haven neighborhood, features custom artwork panels by local and international artists.
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Top legislative priorities for multifamily pros
Lobbyists are keeping an eye on legislation such as the Choice in Affordable Housing Act, the YIMBY Act and the repeal of the CARES Act’s 30-day notice to vacate.
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Apartment execs react to another interest rate pause
The multifamily market seeks stability, but another increase looms on the horizon.
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Starts plummet 41%
Permits for five-plus-unit buildings also dropped last month, while completions picked up as developers finished off existing projects.
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Lendlease names head of development for Americas
Meg Spriggs will oversee the region’s $21 billion pipeline, which includes projects in New York City, Boston and Chicago.
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San Francisco apartments face financial challenges
One-third of the apartment properties on Trepp’s delinquency watchlist are in the city.
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DEALS + STARTS
$338M high-rise breaks ground in Jersey City’s booming Journal Square
499 Summit Avenue’s 53-story tower will add 605 units to over 20,000 that are newly built or in development nearby.
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How to retain maintenance workers in a competitive market
With a few simple steps, owners and operators can hold on to their repair staff.
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Sticker shock: Expenses jump almost 10%
Insurance, repairs and maintenance are helping to drive the increases at multifamily properties, according to a Yardi report.
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Impact Council releases finalized investing guidance
The Multifamily Impact Framework creates a roadmap for socially motivated private capital to invest in affordable and sustainable rental housing.
Updated Sept. 20, 2023 -
Returns for apartments continue to fall
A report from NCREIF ranks the areas of the country with the most and least returns for multifamily investors.
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DEALS + STARTS
UDR buys 6 properties in Texas for $402M
The deal shows how companies with centralized platforms can squeeze extra efficiencies out of new acquisitions.
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HUD awards funding for green, resilient retrofit projects
The first round of the $4.8 billion GRRP covers upgrades for 28 rent-assisted properties.
Updated Sept. 15, 2023 -
Q&A
Texas developer leverages construction pipeline to beef up its management platform
Embrey Partners is also building out its third-party platform and weighing the role of centralization.
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DEALS + STARTS
New transit-oriented district breaks ground near Dallas
The first phase will include the 340-unit Lofts iThirty multifamily project, built on land originally zoned for a Sam’s Club.
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Yardi, 18 managers hit with antitrust lawsuit
The class-action complaint cites research showing that operators using the firm’s pricing software had rents 6% higher than the market rate in some cities.
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Water Street Tampa achieves WELL Gold Community Certification
The neighborhood, which includes 1,200 rental units across three properties, is the first in North America to attain this standard.
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Extreme heat disproportionately threatens Black renters, experts say
Black renters disproportionately experience energy insecurity, which stems from an inability to pay energy bills, and federal policy falls short in addressing it, a Brookings Metro report says.
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RangeWater hits 100,000 units
A senior executive with the Atlanta-based firm explains what drove its growth.
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DEALS + STARTS
Why this California investor is shifting to newer apartment properties
Plenty of Places Apartment Homes sees value-add returns shrinking and an opportunity to cater to residents' needs.
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While demand remains strong, rent growth continues to fall
Operating expenses are on the rise across the country, driven by insurance costs, according to Yardi Matrix.