Capital: Page 2


  • Light colored, detached home with sidewalk, driveway and grass in the foreground.
    Image attribution tooltip
    Permission granted by Shoreham Capital
    Image attribution tooltip

    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 March 12, 2024
  • San Francisco skyline
    Image attribution tooltip
    georgeclerk via Getty Images
    Image attribution tooltip

    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 March 12, 2024
  • A block of apartment complexes Explore the Trendline
    Image attribution tooltip
    Arturo Rosenow via Getty Images
    Image attribution tooltip
    Trendline

    Top 5 stories from Multifamily Dive

    A roundup of some of Multifamily Dive’s top stories of 2024.

    By Multifamily Dive staff
  • Light-coloroed high rise with balconies.
    Image attribution tooltip
    Permission granted by KMA Design Studio
    Image attribution tooltip
    DEALS + STARTS

    Blighted 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 March 7, 2024
  • An office building in New York City.
    Image attribution tooltip
    franckreporter/E+ via Getty Images
    Image attribution tooltip

    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
  • Bank sign on glass wall of business center
    Image attribution tooltip
    ultramarine5 via Getty Images
    Image attribution tooltip

    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 March 6, 2024
  • City skyline at sunset
    Image attribution tooltip
    dibrova via Getty Images
    Image attribution tooltip

    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 March 5, 2024
  • A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt.
    Image attribution tooltip
    Sayed Hassan via Getty Images
    Image attribution tooltip

    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
  • businessman is holding a wad of money
    Image attribution tooltip
    turk_stock_photographer via Getty Images
    Image attribution tooltip

    Multifamily originations fall

    New loans declined 46% in 2023 and 27% in Q4, according to new reports.

    By March 1, 2024
  • BH Management Services, Southtowne Apartments
    Image attribution tooltip
    Permission granted by BH Management Services
    Image attribution tooltip

    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 March 1, 2024
  • A Wells Fargo flag flies in front of a Wells Fargo bank branch.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    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
  • Tan and brown brick apartment building with balconies
    Image attribution tooltip
    elxeneize via Getty Images
    Image attribution tooltip

    MSCI: Apartment sales drop 45%

    Prices also fell in January, but the pace of decline is slowing.

    By Feb. 28, 2024
  • Elevation at the Village sign with four-story brown and tan apartment and brown apartment on the background
    Image attribution tooltip
    Permission granted by Cushman & Wakefield
    Image attribution tooltip
    DEALS + STARTS

    New 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 Feb. 28, 2024
  • Wall Street sign in the financial district of New York City.
    Image attribution tooltip
    JaysonPhotography via Getty Images
    Image attribution tooltip
    REIT Report

    MAA 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 Feb. 26, 2024
  • New, multi-colored, four-story apartment property, with a street in the foreground.
    Image attribution tooltip
    Permission granted by Forum Investment Group
    Image attribution tooltip
    Q&A

    Is 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 Feb. 23, 2024
  • A row of homes with a red sign in the foreground that reads "FOR RENT."
    Image attribution tooltip
    Feverpitched via Getty Images
    Image attribution tooltip

    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 Feb. 23, 2024
  • Construction framing of wood building.
    Image attribution tooltip
    ribeirorocha via Getty Images
    Image attribution tooltip

    Apartment starts fall 38%

    Developers completed 538,000 units during January, a 53.7% YOY jump.

    By Feb. 22, 2024
  • Photo of stock exchange letters.
    Image attribution tooltip
    Pgiam via Getty Images
    Image attribution tooltip
    REIT Report

    Essex sees improvements in delinquencies

    Although the REIT operates in relatively low-supply markets, it only expects 1.25% in rent growth.

    By Feb. 21, 2024
  • New York City skyline
    Image attribution tooltip
    StockByM via Getty Images
    Image attribution tooltip

    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 Feb. 20, 2024
  • View from the the ground looking up at high rises and Wall St. and Front St. signs.
    Image attribution tooltip
    franckreporter via Getty Images
    Image attribution tooltip
    REIT Report

    UDR turns to defense

    In addition to focusing on occupancy, the REIT is using AI to combat fraud.

    By Feb. 16, 2024
  • A curved beige building with rows of square windows.
    Image attribution tooltip
    Highsmith, Carol M. (2011). "Robert C. Weaver Federal Building, headquarters of HUD, the U.S. Department of Housing and Urban Development, Washington, D.C" [Photograph]. Retrieved from Wikimedia Commons.
    Image attribution tooltip

    HUD awards $3.1B to homelessness assistance projects

    The Continuum of Care grants support 7,000 housing and supportive service programs.

    By Feb. 15, 2024
  • Exterior picture of upper floor of a modern, white apartment building with corner balconies
    Image attribution tooltip
    Permission granted by UDR
    Image attribution tooltip

    UDR assumes ownership of Mill Creek lease-up development in Oakland

    The REIT had provided $45.2 million in preferred equity for the 173-unit asset.

    By Feb. 15, 2024
  • A street sign marks the intersection of Wall and Broad Streets in Manhattan.
    Image attribution tooltip
    rabbit75_ist/iStock/Getty Images Plus via Getty Images
    Image attribution tooltip
    REIT Report

    Camden expects a ‘transition year’ for supply, with the highest concessions in Nashville and Austin

    Overall, the firm predicts property revenues to fall between 0.5% to 2.5%, with Southern California leading the way.

    By Feb. 14, 2024
  • City skyline with high rises.
    Image attribution tooltip
    f11photo via Getty Images
    Image attribution tooltip

    Lender forecloses on Greystar tower in Dallas

    Areeif Lender W LLC, an affiliate of Ares Commercial Real Estate, has taken control of The Gabriella.

    By Feb. 13, 2024
  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
    Image attribution tooltip
    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
    Image attribution tooltip
    REIT Report

    AVB generated $10M from its AvalonConnect rollout in 2023

    Like EQR, the REIT expects a slower year in 2024 with NOI growth of 1.25%.

    By Feb. 12, 2024
  • Pool in front of palm trees and a four-story new apartment building.
    Image attribution tooltip
    Permission granted by Universe Holdings
    Image attribution tooltip
    DEALS + STARTS

    Universe Holdings enters Tampa with $66M purchase

    The Los Angeles-based firm bought Pearce at Pavilion in a transaction where it assumed the Fannie Mae loan.

    By Feb. 9, 2024