Capital
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Permission granted by Summit Contracting Group
Q&AThe country’s top apartment builder says higher prices are here to stay
Summit Contracting Group’s Marc Padgett sees business picking up, but says that construction costs remain stubborn.
By Leslie Shaver • April 19, 2024 -
Permission granted by Berkadia
DEALS + STARTSSan Diego-area apartment trades for $82M
Jackson Square Properties sold a 233-unit community in Chula Vista to Pacific Urban Investors.
By Leslie Shaver • April 18, 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 Apartment Income REIT Corp
4 questions about the Blackstone-AIR deal
Analysts talk about the implications of last week's acquisition and the potential for more M&A on the horizon.
By Leslie Shaver • April 17, 2024 -
Permission granted by Bryten Real Estate Partners
MEB Management Services merges with Weller
The combined company, Bryten Real Estate Partners, will operate nearly 47,000 units across the U.S.
By Leslie Shaver • April 16, 2024 -
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S&P puts AIR on watch after Blackstone deal
The rating agency is concerned that the investment manager is “likely to continue to saddle aggressive debt leverage upon its portfolio companies.”
By Leslie Shaver • April 16, 2024 -
Permission granted by Hines
Hines enters the BTR market
The Houston-based CRE giant believes the sector will thrive during the “higher-for-longer” interest rate environment.
By Leslie Shaver • April 12, 2024 -
Permission granted by Hillpointe
Q&AHillpointe rises to the top
The firm’s fully integrated approach provides a unique competitive advantage, according to co-founder Steven Campisi.
By Jennifer Goodman • April 11, 2024 -
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DEALS + STARTSRPM Living pays $85M for Atlanta-area asset
The Austin, Texas-based firm bought the 407-unit apartment complex from Willow Bridge Property Co.
By Leslie Shaver • April 11, 2024 -
Permission granted by Summit Contracting Group
Greystar, Summit Contracting take top spots on construction lists
Mill Creek Residential and Trammell Crow Residential moved up to the No. 2 and No. 3 spots on the developer chart.
By Leslie Shaver • April 10, 2024 -
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Blackstone to take AIR private for $10B
The private equity giant plans to invest more than $400 million to maintain and improve the REIT’s existing portfolio.
By Leslie Shaver • April 8, 2024 -
Permission granted by Mike Kelley
Greystar takes the top spot on owners’, managers’ and developers’ lists
Asset Living and RPM Living are No. 2 and No. 3 respectively on the managers’ list, while MAA and Morgan Properties hold the same spots on the owners’ list.
By Leslie Shaver • April 8, 2024 -
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Multifamily becoming trouble spot for banks
The number of apartment loans at least 30 days past due or in non-accrual has jumped 81%.
By Leslie Shaver • April 5, 2024 -
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Global investors favor apartment properties
Multifamily is the most preferred sector of all three of CBRE’s global regions, including the Americas, Europe and Asia-Pacific.
By Leslie Shaver • April 3, 2024 -
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Deep DiveInvestors watch, wait for signs of distress
As lenders work with borrowers and bring back “extend-and-pretend” strategies, apartment properties with problem loans aren’t hitting the market.
By Leslie Shaver • April 2, 2024 -
Permission granted by Freddie Mac
GSEs regain their dominance in apartment lending
Fannie Mae and Freddie Mac claimed 58% market share in 2023 after their share fell 39% in 2022.
By Leslie Shaver • April 2, 2024 -
Permission granted by Southeast Property Group
2 distressed Chetrit properties sold in Florida for $20M
With the purchases, Southeast Property Group has entered the Jacksonville market.
By Leslie Shaver • March 29, 2024 -
Permission granted by Interra Realty
DEALS + STARTSChicago deal fetches a near-decade high price for its submarket
Icarus Investment Group snagged Madison Terrace in the Garfield Park neighborhood for $11 million.
By Leslie Shaver • March 28, 2024 -
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Deal volume continues to fall, declining to $4.9B
Transactions dropped 35% in February, as prices decreased 8.9%.
By Leslie Shaver • March 27, 2024 -
Permission granted by The Related Cos.
Starts drop 36% to 377,000
Supply continued to pile up in February, with 644,000 apartments delivered and 966,000 under construction.
By Leslie Shaver • March 27, 2024 -
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The cities with the largest volume of loan maturities
Atlanta, Dallas and Denver lead the way, as $525 billion in overall apartment loans are expected to mature by 2029.
By Leslie Shaver • March 25, 2024 -
Permission granted by JLL
DEALS + STARTSCenterspace sells 2 properties for $19M total
Last year, the REIT jettisoned 13 communities for $226.8 million as it focused on repaying debt.
By Leslie Shaver • March 21, 2024 -
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Brooklyn properties transferred to servicing
Three of Conway Capital’s New York City properties are delinquent despite strong occupancy.
By Leslie Shaver • March 19, 2024 -
Arturo Rosenow via Getty Images
Multifamily logs biggest jump in distress in 18 months
The sector’s 80 bps increase was higher than any other commercial real estate segment.
By Leslie Shaver • March 18, 2024 -
Permission granted by Champion Real Estate Co.
Q&AStudent housing firm sets sights on Power Five conference schools
Champion Real Estate avoids the amenity wars by purchasing and renovating older properties.
By Leslie Shaver • March 15, 2024 -
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REITs see hurdles for new acquisitions
With asking cap rates still around 5% in many markets, most executives think sellers need to adjust prices.
By Leslie Shaver • March 13, 2024
