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Retrieved from Air Albany on June 06, 2025
Developer sues architect for alleged design issues at stalled New York apartments
The plaintiff said in court documents that the $38 million property is a fire hazard and does not meet code requirements.
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Apartment rents begin to recover in high-supply metros
Western and Sun Belt markets have posted month-over-month gains following long-term declines.
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Q&A
Medium-sized Nevada apartment operator thrives by staying local
Las Vegas-based Stout Management incorporates technology but still relies on an in-person approach from its CEO to site-level staff.
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Alfred, RKW Residential, Quarterra Living combine forces
The new platform will operate approximately 52,000 residences, representing over $20 billion of assets.
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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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