Capital
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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.
By Leslie Shaver • Dec. 10, 2024 -
Permission granted by TF Cornerstone
Dune, TF Cornerstone create $1B conversion venture
The firms formed Alta Residential, which will convert office buildings to residential uses in cities with high barriers to entry.
By Leslie Shaver • Dec. 9, 2024 -
Explore the Trendline➔
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TrendlineTop 5 stories from Multifamily Dive
A roundup of some of Multifamily Dive’s top stories of 2024.
By Multifamily Dive staff -
Permission granted by Hudson Valley Property Group
Hudson Valley Property Group acquires 22-property portfolio
The firm purchased the 4,768 units, located in Washington, Colorado, California and Idaho, from Inland Group.
By Leslie Shaver • Dec. 9, 2024 -
lucky-photographer via Getty Images
REITs struggle with new lease rents
Although growth was tepid in the third quarter, there are signs that new deliveries are declining and demand is holding up.
By Leslie Shaver • Dec. 5, 2024 -
franckreporter via Getty Images
Brookfield buys $845M portfolio from Blackstone
The firm purchased eight properties totaling more than 4,000 units from Blackstone Real Estate Income Trust.
By Leslie Shaver • Dec. 3, 2024 -
Courtesy of Knightvest Capital
DEALS + STARTSKnightvest lands 3 Texas deals
The firm continues to buy as it works out extensions with lenders on properties bought in 2021 and 2022.
By Leslie Shaver • Dec. 2, 2024 -
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AVB raises NOI guidance
The Virginia-based REIT expects to see a reacceleration of asking rents in Q4, compared to softer comps in 2023.
By Leslie Shaver • Nov. 25, 2024 -
vkyryl via Getty Images
MSCI: Cap rates rise 20 bps this year
Apartment sales volume increased 18% YOY in October, while prices fell 6.1%.
By Leslie Shaver • Nov. 25, 2024 -
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Apartment completions jump 61% YOY
Starts dropped 12% year over year as new multifamily development continues to cool.
By Leslie Shaver • Nov. 25, 2024 -
Courtesy of Fannie Mae
FHFA announces higher caps for Freddie, Fannie
The announcement comes as questions surround the future of GSEs under the incoming Trump administration.
By Leslie Shaver • Nov. 21, 2024 -
franckreporter via Getty Images
REIT ReportCamden reduces revenue guidance
New supply and the removal of non-paying tenants were headwinds for the Houston-based REIT in the third quarter.
By Leslie Shaver • Nov. 20, 2024 -
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Multifamily inches down to $14.2B in distress
Despite a staggering amount of troubled properties, a number of reports point to an improving landscape.
By Leslie Shaver • Nov. 19, 2024 -
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How centralization is shaping the apartment industry
Changes in maintenance, administration and staffing are in the works as management firms move jobs off-site.
By Leslie Shaver • Nov. 15, 2024 -
Permission granted by Lakeland Capital
Lakeland goes off-market to buy Massachusetts property
The firm secured 135 Main Street through a previous relationship and plans value-add upgrades at the asset.
By Leslie Shaver • Nov. 15, 2024 -
Permission granted by Archway Equities
DEALS + STARTSArchway grabs deal for 30% discount in Dallas
The California-based firm plans exterior and amenity upgrades at the Coronado Apartment Homes.
By Leslie Shaver • Nov. 14, 2024 -
Permission granted by Harrison Street
Harrison Street sells student portfolio for $893M
The Scion Group and a major institutional investor bought the 14 communities totaling 8,724 beds.
By Leslie Shaver • Nov. 13, 2024 -
Joe Raedle via Getty Images
Insurance costs soften but higher premiums are on the horizon
Costs have moderated after huge jumps in previous years, according to multifamily executives and insurance experts.
By Leslie Shaver • Nov. 13, 2024 -
Spencer Platt via Getty Images
REIT ReportMAA: Deliveries peaked in Q3
The Memphis-based REIT saw new apartment openings taper off in its markets.
By Leslie Shaver • Nov. 11, 2024 -
Permission granted by Standard Communities
Standard Communities acquires $1B portfolio
The firm plans to invest over $30 million in capital improvements and deferred maintenance across the 6,000 units in more than 60 communities.
By Leslie Shaver • Nov. 8, 2024 -
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Fed cuts rates by 25 bps
Treasuries jumped after the September rate reduction and again since the presidential election was called.
By Leslie Shaver • Nov. 7, 2024 -
lucky-photographer via Getty Images
REIT ReportEssex sees strength in Seattle
The California-based REIT’s same-store revenue growth helped it beat guidance in Q3.
By Leslie Shaver • Nov. 7, 2024 -
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West Coast cap rates fall
Demand for well-located properties is rising, but inventory remains low.
By Leslie Shaver • Nov. 4, 2024 -
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Senators question KKR’s acquisition of 5,200 units
The lawmakers, including Sen. Elizabeth Warren, scrutinized the deal’s potential to “exacerbate rising rent costs in regions across the United States.”
By Leslie Shaver • Nov. 1, 2024 -
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PGIM, Citymark enter JV to buy debt
The firms will target both performing and non-performing loans.
By Leslie Shaver • Oct. 31, 2024 -
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DEALS + STARTSGreystar reportedly in talks to buy $1.1B Australian student housing portfolio
If finalized, the transaction would include seven properties with a total of 5,662 beds across five cities.
By Mary Salmonsen • Oct. 29, 2024
