Dallas developer takes ‘pet friendly’ to the next level

Steve Bardack’s Fidus Pet Concierge Communities aims to purchase and renovate garden-style properties with pet-friendly features. 

As lending dries up, single-family BTR draws in young professionals

Difficulties with loans raise the appeal of amenity-rich rental communities for would-be buyers, says Bryan Moore of DBA Architects.

November deal volume drops almost 75%

Prices rise year over year as owners hold onto their properties.

UC Investments injects $4B into Blackstone’s REIT

Blackstone will contribute $1 billion of its current BREIT holdings to a strategic venture with the University of California’s investment arm.

Multifamily loans top $2 trillion for the first time

The inventory of multifamily loans for the GSEs, life insurers, banks and thrifts, and securitization vehicles rose in the third quarter.

DC mayor sets goal of 15,000 new residents downtown within 5 years

Mayor Muriel Bowser’s plan would ultimately add more than 100,000 new residents to downtown Washington, D.C., by converting office space into residential housing, but it calls for federal assistance as well.

Design trends: Remote work will take center stage in 2023

While spaces to work from home are in high demand with renters, pros are divided on what they should look like.

Flexibility helps Los Angeles investor enter the Vegas market

Banyan Residential acquires 133 townhomes in a $61 million deal.

December 2022 roundup: New multifamily products

Lighting, door hardware and HVAC options are here for the end of 2022.

U.S. homeless population remains nearly unchanged since 2020: HUD

The Biden administration’s interagency council on homelessness also released a plan that aims to reduce homelessness 25% by 2025. 

Lennar postpones plans to spin off multifamily subsidiary

The builder is going to "wait for the right timing" to spin off Quarterra, according to CEO Stuart Miller.

KTGY-designed apartments blend Japanese-inspired architecture with local artwork

Located in Japantown in San Jose, California, the 97-unit property is tailored to its unusual lot shape.

Fed may cut rates in mid-2023: Fannie Mae

The U.S. economy will likely enter a mild recession during the first quarter after a slump in manufacturing and consumer spending, according to Fannie Mae economists.

Multifamily mortgage debt outstanding increases by $36B

Commercial banks saw the biggest increase in Q3, followed by life insurers.

Nevada-based property management firm launched

Created by former Sunrise Management execs, CloudTen has 75 employees and manages 32 properties.

Rents drop at sharpest rate in over a decade

Indianapolis now stands at the top for YOY rent growth as Miami and other areas backslide.

Florida developer: Affordable housing production could face ‘bloodbath’ in 2023

Matthew A. Rieger said a concerted national effort is needed to fill the country’s housing gap.

Roadside, Sekisui House deliver 4 residential properties on former Fannie Mae site

City Ridge adds nearly 700 apartments on a dense mixed-use campus in Washington, D.C.

Freddie Mac Multifamily adds 2 senior VPs

The GSE has finalized its management team as experts expect it to take on more of the multifamily lending market in 2023.

Wichita, Kansas, to pay landlords who accept housing vouchers

The city is launching a new program to create incentives for landlords to lease apartments to people who receive federal rental assistance. 

Blackstone says it won’t force asset sales from BREIT

News that the firm was limiting withdrawals from its $69 billion real estate income trust has led to speculation among multifamily watchers.

Multifamily servicing rates continue to increase

The overall CRE servicing rate increased for the fourth month in a row.

Fed raises main rate by half point, signals higher level in 2023

Fed Chair Jerome Powell said that recent progress in reducing inflation is not enough to forestall increases in borrowing costs in 2023.

Camden enters the BTR sector

The apartment REIT has two projects in master-planned communities in its hometown of Houston.

How one large NYC office owner is building an apartment portfolio

AmTrust RE plans to grow by building, making acquisitions and possibly even retrofitting office buildings.