Multifamily’s notable executive moves of July, August

The end of summer 2025 brought a number of executive transitions in the apartment industry.

RealPage settles Nevada’s rent price-fixing suit

The firm does not admit any wrongdoing in the agreement over its rent-setting software use in Nevada.

Affordable housing developers sue over new Texas law

HB 21 significantly tightens the laws regarding how these projects can access tax breaks.

Amazon pledged to deliver affordable housing to the Puget Sound region. It just hit 10,000 units.

The milestone resulted from the company’s $900 million investment in housing that will remain affordable for 99 years.

Security Properties buys 903 units in Seattle for $400M

The Seattle-based owner bought the five properties from Washington Holdings, the firms' second deal this year, with plans to "double down" in the market.

Alliance restructures its Eastern US operations

As part of the changes, the developer established a new Mid-Atlantic Division and announced a number of promotions.

Virtú Investments buys 2 Seattle properties

The Larkspur, California-based multifamily investment firm acquired Link and Mural — separate apartment communities that are operated together.

Bell Partners names new SVP of customer experience, marketing

Sparkle Mixson will lead the real estate firm’s brand development and digital engagement efforts.

Toll Brothers sells apartment platform to Kennedy Wilson

With the sale of 18 properties and 29 development sites, the Pennsylvania-based home builder telegraphed plans to exit the apartment business.

Apartment starts rise 16% YOY in August

The number of buildings with five-plus units starting construction fell 20% year over year, while completions fell almost 30%.

Fed cuts rates, but apartment industry expects little impact

More reductions could be needed to stimulate the economy and impact multifamily valuations and transaction volumes.

Best places to build affordable housing: Yardi Matrix

Developers should seek out areas with both strong demand and less robust competition from market-rate properties, according to new research from the real estate intelligence firm.

California set to allow denser housing by transit

Gov. Gavin Newsom will soon review SB 79, which will make it easier to build multifamily housing near major train stops and rapid bus lines.

Apartment CMBS delinquencies hit 9-year high, distress sales still slow

Overdue payment rates for apartments jumped 71 basis points month over month in August, but REIT executives don’t see discount properties hitting the market.

Judge temporarily blocks new HUD housing grant criteria

“The irreparable harm is that these funds would be lost forever by anybody that intends to apply,” U.S. District Judge Mary S. McElroy said.

Updated Sept. 16, 2025

Why TruAmerica made a bet on affordable housing

The sector is “supported by strong, resilient demand that is less sensitive to economic cycles,” said a company executive.

Cityview adds managing director of East Coast acquisitions

Maggie Deichmann will identify strategic opportunities in the region and leverage her experience to broaden institutional best practices across the firm.

Why JPI went back into the Southeast

By using creative financing structures, VP Jake Fortune-Greeley says the developer can start projects in North Carolina and Tennessee, as well as its other core metros.

With an executive order, Maryland aims to build more houses faster

Gov. Wes Moore wants to shrink permitting timelines, set housing production targets and use state land for transit-oriented development.

Eastham Capital adds CFO role

The apartment owner hired Anthony Librot to be involved in real estate acquisitions and dispositions, development, financing and capital planning.

Manulife, TruAmerica form $1B affordable housing joint venture

The new platform, known as Anchor Point Residential, debuts with the acquisition of a 51-property, 6,000-unit portfolio.