The Latest

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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 ahead. Multifamily Dive has you covered with a full list of the industry conferences, expos and meetings in 2024.

    Updated Feb. 20, 2024
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    Jason Finn via Getty Images
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    Tracker

    Problem loans: Tracking the biggest multifamily delinquencies

    Distressed loans continue to pile up in 2024, as 28 New York City properties go to servicing.

    Updated Jan. 4, 2024
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    ribeirorocha via Getty Images
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    Apartment starts fall 38%

    Developers completed 538,000 units during January, a 53.7% YOY jump.

  • Two American Staffordshire Terriers are lying in the grass.
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    hamikus via Getty Images
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    Arizona bill prohibits dog breed restrictions at multifamily properties

    Another proposal in California would require property owners to accept all common pets.

  • A rendering of a streetscape with The Field Residences written on one of the buildings.
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    Courtesy of Riverside Investment & Development
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    5 of the largest office conversions underway across the US

    Over 55,000 residential units are in the pipeline, concentrated in major metros.

  • Photo of stock exchange letters.
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    Pgiam via Getty Images
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    REIT Report

    Essex sees improvements in delinquencies

    Although the REIT operates in relatively low-supply markets, it only expects 1.25% in rent growth.

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    StockByM via Getty Images
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    Troubled NYC tower sold for $265M

    Gotham Organization and Carlyle Group recently bought the Aire, a 310-unit luxury property on the Upper West Side.

  • A rendering of a mid-rise apartment building.
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    Permission granted by Fifield Cos.
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    DEALS + STARTS

    210 units go vertical next to future light rail stop in Miami

    Wynwood Station by Fifield Cos. will feature an industrial-style exterior inspired by its location.

  • More than a dozen Church of God in Christ and Enterprise Community Partners representatives raise a giant check in the air to mark the launch of an affordable housing initiative.
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    Permission granted by Enterprise Community Partners
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    Faith-based institutions take on the affordable housing crisis

    “Land-rich and cash-poor” religious institutions are among those looking at how they can meet their communities’ low-income housing needs while shoring up their finances.

  • A high-rise apartment building.
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    Permission granted by Quarterra
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    PROJECT SPOTLIGHT

    Quarterra starts leasing 224 units in Denver’s Golden Triangle

    Kindred Apartments is the 11th Denver development for Lennar’s multifamily subsidiary.

  • View from the the ground looking up at high rises and Wall St. and Front St. signs.
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    franckreporter via Getty Images
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    REIT Report

    UDR turns to defense

    In addition to focusing on occupancy, the REIT is using AI to combat fraud.

  • ign on Doorway for the Federal Trade Commission in Washington D.C.
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    LD via Getty Images
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    FTC junk fee proposal lacks ‘utility,’ real estate groups say

    The 11 associations, including the NMHC and NAA, say the rule is “too broad” for multifamily application.

  • Exterior picture of upper floor of a modern, white apartment building with corner balconies
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    Permission granted by UDR
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    UDR assumes ownership of Mill Creek lease-up development in Oakland

    The REIT had provided $45.2 million in preferred equity for the 173-unit asset.

  • New complex of apartment buildings under construction
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    ewg3D via Getty Images
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    Weak rent growth on the horizon for 2024

    The national average rent was unchanged last month as new supply dampened prices, according to Yardi Matrix.

  • A curved beige building with rows of square windows.
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    Highsmith, Carol M. (2011). "Robert C. Weaver Federal Building, headquarters of HUD, the U.S. Department of Housing and Urban Development, Washington, D.C" [Photograph]. Retrieved from Wikimedia Commons.
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    HUD awards $3.1B to homelessness assistance projects

    The Continuum of Care grants support 7,000 housing and supportive service programs.

  • Close-up stock photograph showing a touchscreen monitor on which a woman’s hand is asking an AI chatbot pre-typed questions.
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    Laurence Dutton via Getty Images
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    5 ways AI is transforming the apartment industry

    Both predictive and generative tools have seen applications in leasing, marketing and data analysis.

  • A street sign marks the intersection of Wall and Broad Streets in Manhattan.
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    rabbit75_ist/iStock/Getty Images Plus via Getty Images
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    REIT Report

    Camden expects a ‘transition year’ for supply, with the highest concessions in Nashville and Austin

    Overall, the firm predicts property revenues to fall between 0.5% to 2.5%, with Southern California leading the way.

  • City skyline with high rises.
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    f11photo via Getty Images
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    Lender forecloses on Greystar tower in Dallas

    Areeif Lender W LLC, an affiliate of Ares Commercial Real Estate, has taken control of The Gabriella.

  • Ken Chenault and Ankur Jain stand in front of a sign that says "Bilt."
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    Permission granted by Bilt Rewards
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    EXECUTIVE MOVES

    Bilt raises $200M, adds new board members

    Former American Express CEO Ken Chenault is now chairman of the board, and NFL Commissioner Roger Goodell has joined as an independent director.

  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
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    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
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    REIT Report

    AVB generated $10M from its AvalonConnect rollout in 2023

    Like EQR, the REIT expects a slower year in 2024 with NOI growth of 1.25%.

  • A duplex home.
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    Permission granted by RKW Residential
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    PROJECT SPOTLIGHT

    Leasing opens for 108 BTR homes in Charlotte, North Carolina

    The Zora University community is located near the University of North Carolina at Charlotte campus, plus other employment centers.

    Updated Feb. 13, 2024
  • Pool in front of palm trees and a four-story new apartment building.
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    Permission granted by Universe Holdings
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    DEALS + STARTS

    Universe Holdings enters Tampa with $66M purchase

    The Los Angeles-based firm bought Pearce at Pavilion in a transaction where it assumed the Fannie Mae loan.

  • A tall, white room with desks.
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    Permission granted by Cortland
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    Q&A

    Cortland names new architecture lead

    Bill Davis brings a holistic approach to his new role as executive vice president of design and architecture at the Atlanta-based developer, owner and manager.

  • Close up shiny wooden law gavel in dark brown color on top of a wooden table in an office.
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    Stock Photo via Getty Images
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    First settlements in RealPage antitrust suit announced

    AIR and Cushman & Wakefield are working with the plaintiffs in the antitrust case, according to court documents.

  • An empty lot in a row of buildings.
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    Michael Young

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    DEALS + STARTS

    One of New York City’s last 421-a properties goes vertical

    The 7 Platt Street tower will add 250 units in the Financial District.