The Latest

  • The home page of ChatGPT.
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    Leon Neal / Staff via Getty Images
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    Q&A

    Why ChatGPT wants apartment execs to try AI

    While there are many uses for artificial intelligence in multifamily, the language model says that it isn’t suited to replace humans.

  • White apartment building with palm trees and a pool in the foreground.
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    Permission granted by Archway Equities
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    DEALS + STARTS

    Investor bets on risk-adjusted returns in California

    In making the largest acquisition this year in Southern California, Archway Equities signals that it's looking for deals beyond the Sun Belt.

  • A rendering of a mid-rise apartment building with a road running underneath a section of it.
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    Permission granted by Legacy Partners
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    PROJECT SPOTLIGHT

    Legacy Partners opens 226 units in Santa Ana, California

    Built on an under-utilized site, Bloom aims to meet a need for denser housing development.

  • An apartment building looms in the background, with a road in front. Many of the lights in the windows of individual units are on.
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    Courtesy of Swinerton
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    Charlotte developer tops out mass timber project

    The Joinery will feature two seven-story buildings with a total of 360 units.

  • The White House in Washington, D.C.
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    TriggerPhoto via Getty Images
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    Debt ceiling deal would speed environmental permitting

    The tenuous agreement could also advance the Mountain Valley Pipeline and help boost the construction workforce, according to one trade group.

  • A mid-rise apartment building with a sign that reads "Ltd. by Greystar."
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    Courtesy of Greystar
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    Greystar launches attainable housing brand

    With some built in the company’s newly opened modular factory, Ltd. by Greystar apartments will limit future rent increases for existing residents.

  • Brown four-story apartment building around a pool.
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    Permission granted by The Garrett Cos.
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    Q&A

    What slowdown? Indiana developer still sees a robust sales market

    Though The Garrett Cos. likes to hold properties for three to five years, it's still selling deals when they’re stabilized.

  • Two-story tan apartment building with a parking lot in the foreground.
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    Permission granted by Nitya Capital
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    Nitya CEO defends his track record, charts a path for future growth

    After news reports of rising interest payments in his portfolio, Swapnil Agarwal told Multifamily Dive that he’s never lost money on a deal or missed a mortgage payment.

  • A rendering of five tall white buildings.
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    Courtesy of El-Ad National Properties
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    DEALS + STARTS

    $1B mixed-use development planned near Miami

    The District in Davie will have 1,256 units at full buildout and cover 2.8 million square feet of residential and retail space.

  • A watershed of rivers beneath a sunrise.
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    Arctic-Images via Getty Images
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    Supreme Court narrows WOTUS definition

    The high court curtailed the jurisdiction of the federal government under the Clean Water Act while effectively negating a recent Biden administration rule. 

  • Photo looking up at a high-rise, glass apartment building.
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    Spencer Platt via Getty Images
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    Multifamily sales drop 74% YOY

    Prices for apartment properties have fallen 12.1% since last year, but annualized monthly declines are easing.

  • A mid-rise apartment building in front of a lawn.
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    Permission granted by ANF Group
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    Deals + Starts: May 2023

    SPI Advisory, ECI Group, Neology and more were in the news this month.

  • An apartment building with a front plaza that pedestrians are walking through.
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    Courtesy J&L Companies

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    PROJECT SPOTLIGHT

    Leasing begins at transit-oriented tower in Newark, New Jersey’s Ironbound

    Fifty-Five Union aims to foster a cultural connection with the neighborhood through arts and business partnerships.

  • A white stone wall.
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    Permission granted by Eldorado Stone
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    PRODUCTS

    May 2023 roundup: New multifamily products

    Coatings and stone veneers are in the spotlight this month.

  • Pool with brown apartments to the left and a clubhouse in the back.
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    Permission granted by SPI Advisory
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    DEALS + STARTS

    Inside one owner’s quest to build scale in an Austin suburb

    SPI Advisory has acquired a 264-unit property outside Texas’ capital.

  • Real estate agent and customer walking between apartment buildings.
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    gremlin via Getty Images
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    Virginia-based owner plans to add property management services

    As other firms have scaled back their management presence, Capital Square is jumping into operations.

  • One set of hands hold calculator. Another set of hand holding a pen.
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    ArLawKa AungTun via Getty Images
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    MBA: Multifamily lending to drop 14%

    After bank failures and interest rate hikes, apartment originations could fall to $375 billion.

  • A person in a blue shirt holding a package.
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    BongkarnThanyakij via Getty Images
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    These are the amenities renters prefer most

    The most coveted features include front desk attendants and secure package services, while pools and fitness centers have fallen a few steps.

  • A lone construction worker pauses on a jobsite.
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    shotbydave/E+ via Getty Images
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    Recession likely to start in Q3 as Fed sustains inflation fight: Fannie Mae

    The Fed may keep borrowing costs high and trigger a downturn if robust wage gains persist in coming months, Fannie Mae said.

  • View from a balcony looking out at high rises.
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    Permission granted by Keystone Development + Investment
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    Q&A

    Pennsylvania office developer gets into the conversion game

    After adding a residential component to one building in Philadelphia, Keystone is eyeing three similar projects.

  • A mid-rise apartment building in front of a lawn.
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    Permission granted by ANF Group
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    DEALS + STARTS

    Affordable senior development underway near Miami

    At 410 units, the Douglas Gardens Residences will be the largest property of its kind in Broward County.

  • Cars pull up to a gate with a "Magic Kingdom" sign overhead.
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    Joe Raedle via Getty Images
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    Disney nixes plans to build $1B Orlando office campus

    Even as it canceled its Lake Nona project, the company said it still plans to develop 80 acres of land to create affordable housing in the community.

  • Chicago skyline with high rises
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    Tim Boyle via Getty Images
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    Visionary apartment owner Sam Zell dies at 81

    Multifamily leaders share memories of the real estate trailblazer known as “the grave dancer” for his ability to revive struggling properties.

  • Street signs for the intersection of Wall St. and Broad St., with the stripes of an American flag in the background.
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    Michael Santiago/Getty Images via Getty Images
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    REITs report positive momentum

    On first quarter earnings calls, executives expressed optimism, though there are pockets of weakness.

  • The Space Needle stands over the Seattle skyline as Mt. Rainier is seen in the background
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    John Moore via Getty Images
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    REIT Report

    Essex predicts rebound in West Coast markets

    Although it is monitoring other areas for expansion, the REIT is comfortable with its regional focus, according to CEO Angela L. Kleiman.