Capital

  • An aerial view of the downtown skyline and surrounding metropolitan area of Houston.
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    Art Wager via Getty Images
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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 • Dec. 4, 2023
  • A row of brightly colored apartments on a city street
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    Sundry Photography via Getty Images
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    Trepp: $352B in apartment loans will mature by 2027

    Most markets have seen problem loans increase since 2021, with Houston leading the way.

    By • Dec. 1, 2023
  • Phoenix, Arizona skyline at dusk
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    4kodiak via Getty Images
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    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 • Nov. 29, 2023
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    ipopba via Getty Images
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    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 • Nov. 28, 2023
  • A red construction frame in front of a high-rise building under construction.
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    JARAMA via Getty Images
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    Apartment starts plummet nearly 32%

    Completions of new buildings rose 14.3% as supply became a bigger issue in some markets.

    By • Nov. 27, 2023
  • Glass building with Fannie Mae sign.
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    Retrieved from Fannie Mae on November 20, 2023
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    Fannie Mae extends Positive Rent Payment program

    In just over a year, the program has helped 23,000 renters establish a credit score.

    By • Nov. 21, 2023
  • Glass building with Fannie Mae sign.
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    Retrieved from Fannie Mae on November 20, 2023
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    FHFA reduces lending caps again for Fannie, Freddie

    Loans that support workforce housing will be exempt from the volume limits.

    By • Nov. 20, 2023
  • A city skyline with apartments.
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    Mlenny via Getty Images
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    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 • Nov. 20, 2023
  • Mixed-use multifamily residential district area development with blue sunny sky background
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    Svetlana123 via Getty Images
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    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 • Nov. 17, 2023
  • Tan and brown brick apartment building with balconies
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    elxeneize via Getty Images
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    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 • Nov. 16, 2023
  • Photo looking up at high rises and Wall Street sign.
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    franckreporter via Getty Images
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    REIT Report

    EQR reports strength on the East Coast

    Washington, New York City and Boston thrive, while Seattle and San Francisco struggle. 

    By • Nov. 16, 2023
  • Downtown skyline view of high-rise buildings in Phoenix, Arizona.
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    4kodiak via Getty Images
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    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 • Nov. 15, 2023
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    Pgiam via Getty Images
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    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 • Nov. 14, 2023
  • Wood-framed apartment building under construction.
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    Maudib via Getty Images
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    ‘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 • Nov. 14, 2023
  • A view of the buildings at Florida State University from the observation deck of the Florida Capitol building.
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    Michael Warren via Getty Images
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    DEALS + STARTS

    Landmark assembles 20 parcels for Florida project

    The developer is building an 859-unit luxury student housing project in Tallahassee.

    By • Nov. 13, 2023
  • View from the the ground looking up at high rises and Wall St. and Front St. signs.
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    franckreporter via Getty Images
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    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 • Nov. 9, 2023
  • Aerial view of white apartment building.
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    Permission granted by Eden Multifamily
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    DEALS + STARTS

    Eden sells new Florida property for $73M

    The developer was able to move the asset ahead of schedule without advertising widely.

    By • Nov. 9, 2023
  • A rendering of a large dormitory.
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    Permission granted by University of California at Santa Barbara
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    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 • Nov. 8, 2023
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    lucadp via Getty Images
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    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 • Nov. 7, 2023
  • Seal of the Board of Governors of the United States Federal Reserve System.
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    LD via Getty Images
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    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 • Nov. 6, 2023
  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
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    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
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    REIT Report

    AVB adjusts return expectations on new development

    Move-outs to new homes fell for AvalonBay, but executives expect market deceleration in 2024.

    By • Nov. 2, 2023
  • A low-angle view of the Flatiron Building in New York City.
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    ndcityscape via Getty Images
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    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 • Nov. 2, 2023
  • Tan, three-story apartment building with palm trees and a lake in the foreground.
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    Permission granted by Kaplan Residential
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    DEALS + STARTS

    Kaplan secures 20-acre Florida site for $5.2M

    The developer plans to build five three-story buildings with elevators. 

    By • Nov. 1, 2023
  • Five-story brown, modern apartment building with balconies on the corner.
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    Permission granted by JPI
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    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 • Nov. 1, 2023
  • American flags in front of marble building
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    lucky-photographer via Getty Images
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    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 • Oct. 31, 2023