Page 2
-
PROJECT SPOTLIGHT
Eclectic property opens in Washington, DC’s NoMa neighborhood
The Greystar-managed building’s bold facade includes multi-story murals and colorful panels.
-
Troubled loans backing Veritas’ San Francisco portfolio hit the market
Even as the percentage of CMBS securitizations becoming delinquent and going into servicing falls, observers expect problems to mount later in the year.
-
DEALS + STARTS
Georgia sale signals a market shift for older properties
ECI Group explains why its strategy has evolved as the era of low cap rates for aging assets comes to an end.
-
REITs defend themselves against RealPage pricing model lawsuit
On recent earnings calls, Equity Residential and Essex Property Trust executives said the allegations in the class-action suit were without merit.
-
For Gen Z renters, it’s all about experiences
Tenants are looking for a place to live tied to a lifestyle or location, as well as “Instagrammable” moments they can share.
-
REIT Report
Camden’s move-outs to homeownership drop amid strong rent growth
Even though more than 400,000 new units are expected to hit its markets in the next two years, the REIT downplayed the impact of new supply on a recent earnings call.
-
Rents continue rising, with moderate growth expected through 2023
Tightening credit, a slowdown in construction and lower consumer savings may constrict the sector in the near future, according to a new report.
-
Business, multifamily leaders urge quick resolution to looming debt ‘catastrophe’
President Joe Biden and congressional leaders will continue talks on Friday as the threat of a default on the country’s $31.4 trillion debt grows.
-
DEALS + STARTS
Private lender acquires the note for a Neology site in Miami
The acquisition shows how developers can finance projects even as traditional bank lending stalls.
-
PROJECT SPOTLIGHT
Portland, Oregon’s Alta ART Tower designed to connect with artistic neighbors
The building’s expansive lobby hosts theater performances and gallery events in collaboration with the Artist Repertory Theater next door.
-
DEALS + STARTS
Nuveen nabs 12,000 affordable housing units
The investment manager for TIAA purchased the New York City-centric portfolio from Mo Vaughn’s Omni Holding Co.
-
REIT Report
As development projects are abandoned, AVB sees an opportunity to buy land
The REIT is partnering with third-party apartment builders and offering mezzanine loans for construction.
-
How to create community, connection for Gen Z renters
Work-from-home resources and collaborative spaces are game-changers for this growing resident group.
-
Q&A
Centerspace’s new CEO outlines her priorities
Anne Olson’s first focus will be property operations and centralization.
-
Bank failures make construction loans even more challenging
The lending environment has grown more treacherous after last year’s interest rate hikes and could dampen new starts by 60%, according to Ric Campo.
-
PROJECT SPOTLIGHT
Largest Key West, Florida, workforce housing in 50 years opens on Stock Island
Wrecker’s Cay Apartments from Integra Investments adds 280 low- and moderate-income units near the Florida Keys’ connecting highway.
-
REIT Report
UDR reports same-store NOI growth of 11.7%
Executives noted that new supply is forcing concessions in certain Southeastern markets.
-
What are Gen Z tenants looking for in apartments?
The newest renter cohort is growing up and moving out. Here’s how they differ from millennials.
-
Gilbane completes convex-shaped mixed-use project in LA
With a lens-like design, the $125 million development will feature 10 levels of apartments and luxury amenities.
-
The multifamily industry’s top firms
From syndicators and owners to builders and managers, these rankings from the National Multifamily Housing Council are much anticipated each year.
-
DEALS + STARTS
New affordable housing coming to Williamsburg, Virginia
The $26 million 2 Rivers Apartment Homes will fill a strong need for affordable housing in a growing area.
-
REIT Report
3 trends driving MAA’s performance
The REIT’s portfolio is insulated from new supply, CEO Eric Bolton said on last week’s earnings call.
-
AvalonBay to provide Gables with back-office support services
The Atlanta-based manager will continue to manage its portfolio and properties.
-
The top 10 residential builders of 2023
Powerhouse names in single-family homes — including D.R. Horton at No. 1 — are pushing further into build to rent.
-
Failed First Republic was San Francisco’s most active apartment lender
In Q1, the bank financed eight deals, constituting 40% of San Francisco’s volume, according to Colliers.