The Latest
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Note from the Editor-in-Chief
A change in ownership and what it means for our readers.
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2025’s top multifamily conferences
Multifamily Dive has you covered with a full list of the industry events, expos and meetings on tap for next year.
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Tracker
Problem loans: Tracking the biggest multifamily delinquencies
Recent distressed transactions occurred in Baltimore and Detroit.
Updated Oct. 17, 2024 -
New York City makes sweeping zoning changes to address housing crisis
The plan approved last week creates the nation’s most populous area without parking mandates for new residential construction. It also eases office-to-residential conversions and allows more density.
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Could the FTC’s junk fee rule be enacted soon?
While the agency has the option to pass the measure before Inauguration Day, the incoming Congress has the power to invalidate it.
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Dune, TF Cornerstone create $1B conversion venture
The firms formed Alta Residential, which will convert office buildings to residential uses in cities with high barriers to entry.
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DOJ reportedly ends criminal probe of multifamily pricing practices
Despite Friday’s announcement, the department's civil case against revenue management firm RealPage continues in federal court.
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The largest multifamily starts of October 2024
Groundbreakings include a renovation in New York City and a mixed-use development in Washington, D.C.
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Hudson Valley Property Group acquires 22-property portfolio
The firm purchased the 4,768 units, located in Washington, Colorado, California and Idaho, from Inland Group.
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EXECUTIVE MOVES
Greystar hires senior managing director of digital technologies
In the newly created role, Jordan Kobert will lead the multifamily giant’s product and engineering teams.
Updated Dec. 9, 2024 -
DEALS + STARTS
Parkland starts 124 rental townhomes near Georgia movie studio
Morgan Park in Fayetteville is expected to go vertical next summer.
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REITs struggle with new lease rents
Although growth was tepid in the third quarter, there are signs that new deliveries are declining and demand is holding up.
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Industry leaders applaud Trump’s pick for HUD
Scott Turner, the chief visionary officer at JPI, is a proponent of Opportunity Zones.
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RealPage files motion to dismiss DOJ suit
Despite the company’s “very compelling arguments,” an antitrust lawyer thinks the case will proceed.
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Brookfield buys $845M portfolio from Blackstone
The firm purchased eight properties totaling more than 4,000 units from Blackstone Real Estate Income Trust.
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Q&A
Why Larken Associates has moved away from centralization
The property manager is focusing on dedicated teams that cultivate relationships with residents, according to its director of residential asset management.
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DEALS + STARTS
Knightvest lands 3 Texas deals
The firm continues to buy as it works out extensions with lenders on properties bought in 2021 and 2022.
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State sues Indianapolis apartment owner after hundreds of code violations
The lawsuit alleges multiple sewage failures at Hubbard Gardens dating back at least two years.
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5 ways to retain residents this winter
With cold weather coming and new competition on the horizon, here are some ways to keep heads in beds.
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EXECUTIVE MOVES
Cityview expands into Southwestern US
The firm is opening a new office in Dallas and has hired a former Kushner multifamily executive as director of acquisitions.
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Deals + Starts: November 2024
Firms including Greystar, Mosaic and Archway made news in recent months.
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PRODUCTS
November 2024 roundup: New multifamily products
Minimalist interior design and proptech integration are in focus this fall.
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AVB raises NOI guidance
The Virginia-based REIT expects to see a reacceleration of asking rents in Q4, compared to softer comps in 2023.
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MSCI: Cap rates rise 20 bps this year
Apartment sales volume increased 18% YOY in October, while prices fell 6.1%.
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Apartment completions jump 61% YOY
Starts dropped 12% year over year as new multifamily development continues to cool.