Capital: Page 10
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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 -
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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 -
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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 -
Permission granted by Shoreham Capital
Shoreham Capital sells SFR community near Orlando, Florida
The developer went under contract over two years ago with a state pension fund for the 175-home community.
By Leslie Shaver • March 12, 2024 -
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More Veritas apartments hit the market in San Francisco
The owner has defaulted on $1 billion worth of loans that were backed by more than 2,450 apartments across the city.
By Leslie Shaver • March 12, 2024 -
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Powell predicts commercial real estate woes will most afflict smaller banks
The Fed, bankers and commercial real estate executives have warned of turbulence as property owners struggle to refinance debt at higher rates.
By Jim Tyson • March 7, 2024 -
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DEALS + STARTSBlighted New Jersey tower changes hands
Hudson Valley Property Group worked for two years to cobble together financing to close the 21-story Northgate Apartments in Camden.
By Leslie Shaver • March 7, 2024 -
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Nearly 50 banks have multifamily loan issues
At the end of 2023, 49 financial institutions had apartment nonperforming loans greater than 5% of total multifamily loans, according to a report from Fitch Ratings.
By Leslie Shaver • March 6, 2024 -
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Dallas, Atlanta lead the way for apartment sales
Both metros held the top spots despite transaction declines of more than 50%, while Chicago and New York City’s boroughs moved into the top five.
By Leslie Shaver • March 5, 2024 -
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Supply chain headaches persist 4 years into pandemic
As the fourth anniversary of COVID-19’s arrival in the U.S. nears, contractors are still dealing with challenges around materials pricing and availability.
By Shefali Kapadia • March 4, 2024 -
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Multifamily originations fall
New loans declined 46% in 2023 and 27% in Q4, according to new reports.
By Leslie Shaver • March 1, 2024 -
Permission granted by BH Management Services
Pretium acquires BH Management Services
The Des Moines, Iowa-based No. 8 apartment operator in the country has a portfolio of multifamily, student and single-family housing.
By Leslie Shaver • March 1, 2024 -
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Wells Fargo CFO calls commercial real estate a ‘long movie’
The office market is under the most pressure, the bank’s finance chief Michael Santomassimo said on Monday.
By Maura Webber Sadovi • Feb. 28, 2024 -
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MSCI: Apartment sales drop 45%
Prices also fell in January, but the pace of decline is slowing.
By Leslie Shaver • Feb. 28, 2024 -
Permission granted by Cushman & Wakefield
DEALS + STARTSNew property in Phoenix area sells for $66.5M
Developer Vedura Residential sold Elevation at the Village to RV resort, manufactured home and apartment operator Cal-Am Properties.
By Leslie Shaver • Feb. 28, 2024 -
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REIT ReportMAA sees new lease pricing improve after 7% fall
The REIT’s blended pricing rose 130 basis points in January, and the firm expects fundamentals to improve as the year plays out.
By Leslie Shaver • Feb. 26, 2024 -
Permission granted by Forum Investment Group
Q&AIs the sales market thawing?
Forum Investment Group’s Darren Fisk compares the environment to a “frozen lake in Minnesota” but thinks the ice may be starting to crack.
By Leslie Shaver • Feb. 23, 2024 -
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Invitation aims to buy up to $1B in houses in 2024
The single-family rental owner is also looking to expand its new third-party management business.
By Mary Salmonsen • Feb. 23, 2024 -
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Apartment starts fall 38%
Developers completed 538,000 units during January, a 53.7% YOY jump.
By Leslie Shaver • Feb. 22, 2024 -
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REIT ReportEssex sees improvements in delinquencies
Although the REIT operates in relatively low-supply markets, it only expects 1.25% in rent growth.
By Leslie Shaver • Feb. 21, 2024 -
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Troubled NYC tower sold for $265M
Gotham Organization and Carlyle Group recently bought the Aire, a 310-unit luxury property on the Upper West Side.
By Leslie Shaver • Feb. 20, 2024
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