Page 3
-
Apartment REIT UDR’s CFO takes on chief investment officer role
The Colorado-based real estate investment trust is on the hunt for a new finance chief to succeed Joseph Fisher.
-
DEALS + STARTS
CP Capital makes Boston-area deal
In the just-announced transaction, the New York City-based real estate investment manager sold Hathon, a 190-unit apartment community in Medway, Massachusetts.
-
DEALS + STARTS
Greystar acquires $1B Australian student housing portfolio
The transaction, finalized in mid-December, includes seven properties with a total of 5,662 beds across five cities.
Updated Jan. 3, 2025 -
EXECUTIVE MOVES
Portman hires SVP to spearhead new multifamily acquisitions division
Sean Henry will evaluate investment opportunities for the company in the Southeast, Texas and Florida.
-
DEALS + STARTS
CF Capital buys 314 Indy units for $50M
The firm assumed in-place Freddie Mac financing to purchase the partially renovated Island Club Apartments, where it plans to invest $2.8 million in upgrades.
-
Many apartment owners charge less than market rate for parking
In some cities, the price difference between apartment and commercial parking is as wide as 753%, according to a new report.
-
Starts fall dramatically
Completions rose 13.6% year over year, markedly lower than the 61% YOY increase in October, while permits jumped.
-
EXECUTIVE MOVES
Middle Street Partners adds Marysa Raymond as director of asset management
The former Greystar senior director joins the company as it expands development and acquisitions in the Southeast.
-
MSCI: Apartment sales jump 40%
Buoyed by Blackstone’s purchase of AIR in June, 2024 apartment sales exceeded 2023’s totals.
-
Investcorp acquires 4 student assets for $300M
The properties, which encompass more than 2,500 beds, are located at major schools in Texas, Kentucky and Oklahoma.
-
Property buyer sues developer for ‘misrepresented’ $70M sale in St. Louis
Silverstone Management alleges the development firm did not disclose construction defects and artificially inflated occupancy at a 272-unit property.
-
Mesirow makes $185M San Diego acquisition
The purchase of the 410-unit Preserve at Melrose is the area’s second-largest deal of the year.
-
Owners, operators adjust to recent regulatory changes
Multifamily professionals in California and New York have seen the most new laws come into play.
-
Q&A
Keeping the human element in a centralized strategy
Atlas Real Estate’s property management model incorporates automation and artificial intelligence, but still ensures tenants can speak to staff.
Updated Dec. 18, 2024 -
FTC finalizes junk fees rule
The measure, which targets event ticketing and short-term rentals, does not directly address the multifamily industry.
Updated Dec. 17, 2024 -
Turner tops out $345M California mixed-use project
222 North City, developed by San Diego-based Sea Breeze Properties, will create 460 residential units across two 12-story towers.
-
Canyon raises $1.2B investment vehicle
CRED III will target real estate debt investments and real estate credit securities across the U.S.
-
DEALS + STARTS
Optima plans to double unit count on Chicago’s North Shore
Optima Lumina will be the developer’s second mixed-use project in Wilmette, Illinois, located next door to the first.
-
Sports developer pitches $250M project next to Louisville’s Slugger Field
The Louisville Sports Entertainment District would include rental units, a hotel, shops and a new field entrance.
-
PROJECT SPOTLIGHT
Portman links apartments with office tower in Charlotte’s South End
Pre-leasing has begun at the 370-unit Linea tower, situated along a future light rail stop.
-
‘Not a bad legacy’: Bolton stepping down at MAA
Brad Hill will take over as CEO, effective April 1, 2025, for the second-largest apartment owner in the county.
-
Judge denies request to toss out Yardi case
The software provider and 10 apartment operators argued that the plantiffs didn’t have standing and were “attempting to manufacture a Sherman Act violation.”
-
508-unit NYC building likely to head to servicing
The property, 180 Water St., has a $265 million loan that originated in 2019 and an additional $100 million in mezzanine debt.
-
New supply leads rent prices lower
The national average rent fell by $5 in November, and growth is slowing month over month in most major markets.
-
New York City makes sweeping zoning changes to address housing crisis
The plan approved last week creates the nation’s most populous area without parking mandates for new residential construction. It also eases office-to-residential conversions and allows more density.
To find more content, use the "Topics" in the menu above.