Pacific Urban makes 21st San Diego deal, continues to see growth opportunities

The apartment owner’s internal research led it to a property in the city’s La Jolla submarket.

By Leslie Shaver • Aug. 11, 2023

Los Angeles owner launches $1B initiative to buy affordable housing

BH Properties brought in Bill Stoll from Steadfast Cos. to help find new properties that have completed their 15-year compliance period.

By Leslie Shaver • Aug. 10, 2023

EQR reports supply pressure in some cities, strong results in others

Though the Chicago-based REIT made a couple of purchases in Q2, it sees a slow transaction market overall.

By Leslie Shaver • Aug. 9, 2023

Bringing in contractors from other cities helps St. Louis developer continue to build

Subtext is slated to close on 1,000 units by relying on existing lender relationships.

By Leslie Shaver • Aug. 8, 2023

Coastal markets show strength in UDR’s busy Q2

As more than 20% of its sites use staff-less technology, the REIT continues to focus on customer experience.

By Leslie Shaver • Aug. 7, 2023

Trilogy buys ZOM development during construction for nearly $86M

The Azalea Apartments are in an Opportunity Zone 15 minutes east of Tampa’s downtown.

By Leslie Shaver • Aug. 3, 2023

How the largest market-rate multifamily Passive house high-rise got built

Alexander Development Group overcame legal challenges and COVID-19 to build 42 Broad in five years.

By Leslie Shaver • Aug. 3, 2023

MAA begins to see expense relief

A new law in Texas should offer property tax savings, but new supply remains a concern in some areas.

By Leslie Shaver • Aug. 2, 2023

Northland makes ninth acquisition in Georgia since entering the state in 2020

The company assumed existing financing on Glenwood at Grant Park.

By Leslie Shaver • Aug. 1, 2023

RMR Group to acquire Carroll for $80M

With the all-cash purchase, asset manager RMR enters the only major commercial real estate sector in which it did not already have a significant presence.

By Jennifer Goodman , Leslie Shaver • July 31, 2023

Apartment starts fall 11.2% YOY

Permits fell 33%, while completions of five or more units also declined in June.

By Leslie Shaver • July 28, 2023

Rate hike will put pressure on some multifamily assets

Policymakers chose to raise interest rates to a range between 5.25% to 5.5% — the highest since 2001.

By Leslie Shaver • July 27, 2023

The apartment industry battles insurance price hikes

As costs jump 100% or more in some states, multifamily leaders look for solutions. 

By Multifamily Dive Staff • July 26, 2023

RADCO exec discusses plan to reach 25,000 units

Centralization and AI will play key roles as the Atlanta-based company looks to grow through acquisitions, says Chris Simon.

By Leslie Shaver • July 25, 2023

Senior housing investors expect rent growth in 2023

Almost one-third of CBRE survey respondents are underwriting growth of 7% or more for assisted living.

By Mary Salmonsen • July 25, 2023

Brookfield makes cuts in its commercial development group

As construction slows, other companies are also scaling back.

By Leslie Shaver • July 24, 2023

MSCI: Sales volume plummets 72%

Apartment prices fell 11.7% in Q2, which was the biggest decline among all major commercial property sectors.

By Leslie Shaver • July 24, 2023

After a buying spree in 2022, Brazos picks up 2 more Texas properties

The company founded by brokerage veterans William Hancock and James Roberts has secured all its properties in off-market purchases.

By Leslie Shaver • July 19, 2023

Rising insurance costs could force apartment sales, threaten new development

Premium increases create a host of issues for multifamily executives, who are already struggling with multiple financial challenges.

By Leslie Shaver • July 18, 2023

Trepp: Troubled multifamily loans help push CRE servicing rate higher

The percentage of delinquent apartment loans also rose.

By Leslie Shaver • July 17, 2023

UDR’s LaSalle deal shows continued appetite from international investors, analysts say

The REIT will seed a $510 million joint venture with LaSalle Investment Management with four properties.

By Leslie Shaver • July 13, 2023

DC’s Hoffman & Associates continues its southward expansion

After moving into Charlotte and Richmond, the company is eyeing other markets in the Southeast.

By Leslie Shaver • July 12, 2023

Consultant predicts flat material prices for second half of year

Labor shortages, a manufacturing boom and infrastructure work are keeping the industry from returning to pre-pandemic price levels.

By Sebastian Obando • July 11, 2023

NRP adds execs from other firms as it expands to Las Vegas, Phoenix

Mike Moriarty and Austin Kates were hired from The Ardour Co. and The Wolff Co. respectively and will initially focus on market-rate development.

By Leslie Shaver • July 11, 2023

FHA raises large multifamily loan threshold

Loans of up to $120 million are now eligible for standard underwriting.

By Mary Salmonsen • July 9, 2023