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W.C. Smith to pay $1M in DC apartment pricing suit
The settlement also requires the firm to reform its business practices in order to resolve allegations that it conspired with other District landlords via RealPage’s software.
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ICE raids on building sites stoke fear, uncertainty
Law enforcement officers arrested workers on several construction sites last week, including at a student housing development in Tallahassee, Florida.
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Apartment developers gear up for tariffs
Firms are dusting off their playbooks from the first Trump administration, which recommend ordering parts early and sourcing from different companies.
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Investors warming up to build-to-rent
New construction activity remains strong and the sector has room to grow, according to panelists at a recent webinar.
Updated June 10, 2025 -
DEALS + STARTS
EQR to purchase 8 apartment properties for $535M
The REIT expects the acquisition of the 2,064 units in Atlanta to be accretive in the second year of ownership.
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DEALS + STARTS
Mesa Capital Partners breaks ground in Tallahassee, Florida
The 256-unit Bradbury at Bannerman Village will include both garden-style and carriage home units.
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4 reasons renters are choosing to stay in place
Economic uncertainty and high homeownership costs are helping apartment firms reduce turnover.
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Home365 settles with Pennsylvania attorney general over maintenance delays
The property manager’s artificial intelligence-based platform caused delays in responding to repair requests, according to Attorney General Dave Sunday.
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DEALS + STARTS
Harbor Group reportedly acquires 3,590 apartment units for $625M
The Virginia-based firm purchased the 11 Sun Belt properties from a joint venture consisting of David Werner, Onyx Partners and Carlton Associates.
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EXECUTIVE MOVES
Clear Investment Group expands leadership ahead of new equity fund
The company made four new hires and one promotion as it prepares to raise $300 million in capital.
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One-tenth of US apartments owned by private equity
Blackstone’s holdings make up over 10% of the 2.2 million total units, according to a recent report.
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Top multifamily groundbreakings, deals and sales: May 2025
Companies including Altus, Dominium and RADCO made news in recent weeks.
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Apartment sales volume jumps 20% to $9.2B in April
Multifamily prices fell 1% year over year after dropping at a 7.3% annual pace a year ago, but REIT executives aren’t seeing tariff-related impacts on valuations yet.
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PRODUCTS
May 2025 roundup: New multifamily products
Two-tone kitchen faucets and machine-room-less elevators are among this month’s offerings.
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The top 10 home builders of 2025
SH Residential Holdings moved from No. 20 to No. 6 this year following its acquisition of M.D.C. Holdings.
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Q&A
How Valiant grew into a top 50 multifamily firm
The Dallas-based company made its first appearance on the NMHC list this spring, 10 years after launching third-party property management services.
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New Funds
Mesirow raises $1.2B for value-add apartments
The Chicago-based firm will focus on multifamily properties needing upgrades in the top 30 U.S. markets.
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5 of the largest apartment transactions of Q1
Properties on both coasts sold for over $180 million, according to RealPage.
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REIT Report
Camden posts near record-low resident turnover rate
The REIT also saw apartment starts fall as much as 80% in some of its Sun Belt markets.
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PROJECT SPOTLIGHT
New Houston apartments include an on-site event venue
The Artistry Design District is located near the Houston Design Center showrooms, as well as employers in the Energy Corridor.
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Starts jump nearly 30% YOY for buildings with 5 or more units
With tariffs looming, permits for those apartments rose slightly, while deliveries and properties under construction fell year over year.
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DEALS + STARTS
Gateway Jax starts second apartment project in $750M mixed-use district
425 Beaver Street will add 286 units to Pearl Square, a nine-block section of downtown Jacksonville, Florida.
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https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty ImagesREIT Report
AvalonBay braces for signs of trouble in DC rental market
CEO Ben Schall also said the softness in the REIT’s expansion markets could provide opportunities to add assets.
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Construction costs dip, but tariffs hike some materials’ prices
Inputs declined overall in April due to falling energy prices, but steel and copper rose significantly while nonresidential costs continued their upward march.
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EXECUTIVE MOVES
Portman names new VP of development in Texas
Katie Tolson will support the company’s multifamily and mixed-use expansion across the state.