Capital
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Property built in 2006 heads to auction in Houston
Austin-based GVA Real Estate Group reportedly owns the 264-unit Retreat at Stafford.
By Leslie Shaver • Dec. 4, 2023 -
Trepp: $352B in apartment loans will mature by 2027
Most markets have seen problem loans increase since 2021, with Houston leading the way.
By Leslie Shaver • Dec. 1, 2023 -
DEALS + STARTS
MAA scores Phoenix property in lease-up for $102M in cash
The REIT purchased the property for below-replacement costs, showing how all-cash buyers hold an advantage in the current environment.
By Leslie Shaver • Nov. 29, 2023 -
Analysts downgrade 3 REITs on heightened supply concerns
Multiple investment banks have cut Camden, UDR and MAA as bad debt and interest rate increases also pose problems.
By Leslie Shaver • Nov. 28, 2023 -
Apartment starts plummet nearly 32%
Completions of new buildings rose 14.3% as supply became a bigger issue in some markets.
By Leslie Shaver • Nov. 27, 2023 -
Retrieved from Fannie Mae on November 20, 2023
Fannie Mae extends Positive Rent Payment program
In just over a year, the program has helped 23,000 renters establish a credit score.
By Mary Salmonsen • Nov. 21, 2023 -
Retrieved from Fannie Mae on November 20, 2023
FHFA reduces lending caps again for Fannie, Freddie
Loans that support workforce housing will be exempt from the volume limits.
By Leslie Shaver • Nov. 20, 2023 -
Rents continue falling amid recession concerns
Northeast and Midwest markets are growing, while the West and Sun Belt see rent declines related to new supply.
By Mary Salmonsen • Nov. 20, 2023 -
MSCI: Apartment sales fall for 14th straight month
Multifamily transactions declined 72% year over year to $6.2 billion, while prices dropped 13.7%.
By Leslie Shaver • Nov. 17, 2023 -
Multifamily originations fall 50%
Fannie Mae and Freddie Mac see volume decline 27% in Q3, as underwriting remains difficult and transactions continue to drop.
By Leslie Shaver • Nov. 16, 2023 -
REIT Report
EQR reports strength on the East Coast
Washington, New York City and Boston thrive, while Seattle and San Francisco struggle.
By Leslie Shaver • Nov. 16, 2023 -
Phoenix office-to-apartment conversion goes to foreclosure
The former BMO Harris bank tower could be auctioned later this month after the owner defaulted on a $71.3 million loan.
By Leslie Shaver • Nov. 15, 2023 -
REIT Report
Essex sees delinquencies drop in October
The REIT predicts growth potential from tech jobs in its West Coast markets, with limited new supply competition.
By Leslie Shaver • Nov. 14, 2023 -
‘Mild recession’ expected to dampen future multifamily deliveries
Tight financing, economic weakness and record levels of new supply are taking a toll on construction estimates, Yardi says.
By Mary Salmonsen • Nov. 14, 2023 -
DEALS + STARTS
Landmark assembles 20 parcels for Florida project
The developer is building an 859-unit luxury student housing project in Tallahassee.
By Leslie Shaver • Nov. 13, 2023 -
REIT Report
‘Unprecedented’ concessions from competitors put pressure on UDR
Sun Belt supply is an issue, but the REIT also sees increased competition on the coasts.
By Leslie Shaver • Nov. 9, 2023 -
DEALS + STARTS
Eden sells new Florida property for $73M
The developer was able to move the asset ahead of schedule without advertising widely.
By Leslie Shaver • Nov. 9, 2023 -
UC Santa Barbara cancels ‘Dormzilla’
A separate 2,250-bed project is now planned for the site originally intended for the controversial Munger Hall.
By Mary Salmonsen • Nov. 8, 2023 -
REIT Report
Bad debt, oversupply suppress Camden’s Q3 results
Delinquencies, skips, fraud and lease breaks have jumped for the firm in the second half of the year.
By Leslie Shaver • Nov. 7, 2023 -
Fed pause gives hope that deals could pick up
After the central bank’s announcement last week, the 10-year Treasury fell 40 basis points from October’s high.
By Leslie Shaver • Nov. 6, 2023 -
https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty ImagesREIT Report
AVB adjusts return expectations on new development
Move-outs to new homes fell for AvalonBay, but executives expect market deceleration in 2024.
By Leslie Shaver • Nov. 2, 2023 -
40 condos coming to Manhattan’s Flatiron Building
The conversion, led by the Brodsky Organization, follows a series of auctions for the historic property.
By Mary Salmonsen • Nov. 2, 2023 -
DEALS + STARTS
Kaplan secures 20-acre Florida site for $5.2M
The developer plans to build five three-story buildings with elevators.
By Leslie Shaver • Nov. 1, 2023 -
Behind the scenes of the JPI-Sumitomo deal
JPI CEO Payton Mayes sees an opportunity to move into new markets when the time is right.
By Leslie Shaver • Nov. 1, 2023 -
REIT Report
MAA’s new lease rents fall due to competitors’ concessions
A glut of new supply is providing obstacles and opportunities for the REIT.
By Leslie Shaver • Oct. 31, 2023