Jim Cowan joins MC Cos. as director of capital markets

The longtime Morgan Stanley director will be responsible for developing and executing fundraising strategies.

$46M mixed-use project reaches the skies in Norfolk, Virginia

Construction is finished at the 273-unit Gravity on 400, located in the downtown Waterside District.

AVB’s Kanso model finds the middle ground with scaled-back features

The REIT’s brand, launched in 2022, focuses on offering high-end apartment homes with minimal community amenities and a technologically enabled service model.

Historic Brooklyn college building reopens with 205 apartments

Built out of the St. John’s College building, The Hartby has retained its original Romanesque Revival design.

How LeFrak used a rooftop solar array to reduce CO2

Community relations head Charles Burton explains how 450 solar panels at The Beach in Jersey City, New Jersey, offset the property’s common area emissions by 13%

Koontz Corp. plans gated apartments in San Antonio

The developer has purchased a 9.66-acre site in Far North San Antonio for The Elle, a 305-unit property set to open in 2027.

Vistria raises more than $2.5B for affordable housing

The firm has already acquired 7,000-plus units with the fund, which launched in March 2023.

CMBS delinquencies soar

The March rate is the highest since December 2015, according to Trepp.

Washington attorney general sues RealPage, 9 landlords

The lawsuit claims that the defendants violated the Consumer Protection Act with their use of revenue management software.

San Francisco property goes into receivership

The $980 million portion of the $1.5 billion senior loan backing Parkmerced went delinquent in March, along with its $275 million mezzanine loan.

Greystar, Summit lead NMHC’s developer and builder lists

While these industry stalwarts remain at the top of the association’s newest rankings, a Dallas firm has rocketed up the charts.

More Baltimore conversions face foreclosure

An LLC controlled by Philadelphia-based PMC Property Group has defaulted on a $16.4 million loan, while an entity controlled by Chasen Cos. declared bankruptcy on a second building.

HUD reinstates Enterprise’s $40M Section 4 contract

The department had previously canceled several long-standing capacity building grants for local housing organizations.

Updated April 10, 2025

Greystar approaches 1M apartments under management

The firm’s ownership growth occurred organically, while the absorption of Atlanta-based owner and developer Wood Partners’ units fueled its operational expansion.

Shorewood to begin leasing at former brewery site in NJ

The Ballantine will feature branding and design aesthetics inspired by Newark’s Ironbound neighborhood and its history.

$501M portfolio deal pushes Morgan past 100,000 units

The Pennsylvania-based firm acquired 3,054 apartments from Trilogy Real Estate Group across eight Midwestern states.

Denver tenants awarded $13.5M in class action lawsuit

The case argued that the owners and operator of the Mint Urban Infinity Apartments had violated the state’s warranty of habitability law.

2 Houston properties face issues

One asset’s value declined 56% after damage from a windstorm and Hurricane Beryl.

Despite economic uncertainty, multifamily performance remains strong

Rents are on the rise with the start of the spring leasing season, up 0.4% in the first quarter of this year, according to Yardi Matrix.

REITs ready to ramp up development despite tariff risks

Although the Trump administration’s policies are creating uncertainty, many of multifamily’s biggest public companies see an opportunity to start construction.

UDR settles with tenants in racial, sexual harassment case

A lawsuit from the District of Columbia Attorney General alleges that the REIT failed to protect its tenants from a resident who was ultimately convicted of a hate crime.

RealPage sues city of Berkeley

The software provider claims the California city’s recent ordinance on pricing technology imposes a “sweeping and unconstitutional ban on lawful speech.”

Sunstone Two Tree enters San Diego

The California-based firm bought Terraza Hills, a property built in 1976 and still in its original condition, for $45 million.

Porter Kyle breaks ground on $60M rental townhomes in highly competitive market

The Wayne will be the only BTR development in a 10-mile radius of Chandler, Arizona, according to its developer.

NRP Group names 3 new third-party construction VPs

Kevin Glenn, Noah Soven and Matt Tryder will cover Florida, the Carolinas and the Northeast, respectively.