The Latest

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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 May 1, 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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    Bilanol via Getty Images
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    The top 10 residential builders of 2024

    Even with high interest rates, most of the country’s top home builders have held steady or improved their closing numbers, according to Builder magazine’s annual ranking.

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    lucky-photographer via Getty Images
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    REIT Report

    Renewal and new lease rates diverge for MAA

    The REIT’s existing residents paid 5% more YOY in Q1, but supply pushed new rents down 6.2%.

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    simonkr via Getty Images
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    Trepp: Servicing rate passes 5% for first time in 7 years

    Apartment distress also jumped in April, according to Cred iQ.

  • A mid-rise apartment building with "Culebra" written on the side.
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    Courtesy of Lynd
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    EXECUTIVE MOVES

    Lynd expands third-party management services with new data tools

    The owner-operator has also rehired Josué Garza as president of property management.

  • Detroit, Michigan, USA downtown skyline from above at dusk.
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    Sean Pavone via Getty Images
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    Deep Dive

    Contractors, owners wait out high interest rates

    As long as the Fed doesn't raise already elevated rates, a steady environment could jump-start stalled projects.

  • The hallway of a home with white walls, with a thermostat that reads "70" on the wall. Above it is a panel that reads "Year-Round Comfort & Savings."
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    Dylan Slagle, BGE

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    EPA launches new Energy Star residential standard

    The Energy Star NextGen Certification for New Homes and Apartments builds on the foundation set by the existing program.

  • Aerial panoramic cityscape view of San Francisco skyline with high rises and water to the right.
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    heyengel via Getty Images
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    Another massive San Fran portfolio heading back to its lender

    Goldman Sachs and Ballast Investments are expected to hand 1,200 apartments to RBC Real Estate Capital Corp.

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    sonsam via Getty Images
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    Dogs and cats are priority No. 1 for potential renters

    Apartments that will accommodate pets are more in demand than air conditioning or in-unit laundry, according to Zillow.

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    Blacqbook via Getty Images
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    Rents are on the rise again, moving close to all-time highs

    Although multifamily operators face challenges including rising costs and high interest rates, demand is keeping absorption consistent in most markets.

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    rabbit75_ist/iStock/Getty Images Plus via Getty Images
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    REIT Report

    Camden sees favorable trends in insurance, taxes and bad debt

    Although supply remains a problem, demand is durable in the REIT’s markets.

  • Tan, three-story apartment building with palm trees and a pool in the foreground.
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    Permission granted by Bell Partners
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    DEALS + STARTS

    Bell buys 492-unit property in Southern California for $146M

    The addition of Bell Murrieta Springs gives the owner and operator 11 properties in the region.

  • 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 plans to back off of high occupancy to boost rents

    Despite solid results, the REIT isn’t raising its full-year guidance.

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    eurobanks via Getty Images
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    Virginia passes 2 fee-related bills into law

    Landlords must disclose all costs upfront on the first page of leases, and businesses may soon be banned from charging electronic transaction fees.

  • Five-story white apartments surrounded by palm tress and cars
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    Permission granted by American Landmark
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    DEALS + STARTS

    American Landmark grabs a 444-unit deal in Tampa

    The apartment owner was able to secure lower insurance than its competitors, which helped it purchase the waterfront property.

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    Google Maps

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    Owner, manager sued for death of 2 children in Mississippi apartment fire

    The smoke alarms at the William Bell Apartments were not functional at the time of the incident, according to officials.

  • Silicon Valley as viewed from Hunter's Point in Fremont Older Open Space Preserve. The cities of San Jose, Santa Clara, Sunnyvale, and Cupertino are visible.
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    Bill-Dally via Getty Images
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    Essex assumes ownership of California asset

    The REIT had provided a $14.7 million preferred investment in the 75-unit community in Sunnyvale.

  • A mid-rise apartment building with a mural on the front, next to a street.
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    Courtesy of Bolour
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    DEALS + STARTS

    Grubb plans 3 retail redevelopments in Southern California

    The Los Angeles properties, formerly a Dollar Tree, a movie theater and other retail storefronts, will deliver a total of 375 new apartments.

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    lucky-photographer via Getty Images
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    REIT Report

    Essex raises revenue guidance

    Improvement in delinquencies helped power the REIT’s better-than-expected first-quarter numbers.

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    Permission granted by Core Spaces
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    EXECUTIVE MOVES

    Core Spaces launches wealth management platform

    The student housing firm has tapped brothers Tom and John Dine to lead the investment vehicle as managing directors.

  • Workers in front of heavy equipment stand with a beam that reads "Barton Malow" on top of a tall building.
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    Courtesy of Barton Malow
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    $1.4B Detroit mixed-use tower tops out

    The 685-foot-tall skyscraper is the city’s first in decades, and its second-tallest building.

  • Four-level multi-colored apartment building with trees in the foreground.
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    Permission granted by Bozzuto
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    DEALS + STARTS

    Bozzuto makes first acquisition in 16 years with Gables purchase

    With development becoming more difficult to underwrite, the company is focused on buying stabilized properties on the East Coast.

  • A mid-rise apartment building.
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    Courtesy of Aptitude Development
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  • 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 beats estimates, raises guidance

    Strong occupancy and low move-outs to buy homes gave the REIT pricing power into spring leasing season.