Capital: Page 2
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Trepp: Multifamily CMBS delinquencies rise, but properties in servicing decline
Though the percentage of apartment communities facing financial challenges has risen over the past year, executives still aren’t seeing a lot of distressed sales.
By Leslie Shaver • Aug. 17, 2023 -
Nashville college opens shipping container dorm
The $4 million project at Fisk University will help house students while a new residence hall is under construction.
By Mary Salmonsen • Updated Aug. 23, 2023 -
REIT Report
Revenue growth boosts AvalonBay
As market conditions slow, the Virginia-based REIT sees an opportunity to pick up land in its expansion metros.
By Leslie Shaver • Aug. 16, 2023 -
DEALS + STARTS
Toll Brothers breaks ground on opportunity zone project in Phoenix
Henri will be located next to the Roosevelt Row arts and culture district.
By Mary Salmonsen • Aug. 16, 2023 -
Opinion
Despite a sobering Q2, the future looks bright for owners, developers
As the second half of the year gets underway, the multifamily sector will remain strong despite several sizable headwinds, writes fund management expert Marshall Boyd.
By Marshall Boyd • Aug. 15, 2023 -
Q&A
How Eastwind is navigating Florida’s difficult development market
New legislation combined with interest rate hikes and rising material costs make penciling out new deals difficult, Florida developer says.
By Leslie Shaver • Aug. 15, 2023 -
REIT Report
Essex raises rent guidance as tech layoff fears subside
The REIT saw sluggishness in Seattle while Southern California thrived.
By Leslie Shaver • Aug. 14, 2023 -
DEALS + STARTS
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 -
Q&A
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 -
REIT Report
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 -
Q&A
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 -
REIT Report
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 -
Q&A
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 -
REIT Report
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 -
DEALS + STARTS
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 -
Roundup
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 -
Q&A
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 -
DEALS + STARTS
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