Capital: Page 20

  • Gray apartment building rendering with trees in the foreground
    Image attribution tooltip
    Permission granted by Resia
    Image attribution tooltip

    Miami developer laid off 25% of its workforce

    The cuts came at the end of last year as workforce housing producer Resia adjusted its overhead to “new macroeconomic conditions.”

    By • March 22, 2023
  • Coin stack on international banknotes with house model on table.
    Image attribution tooltip
    Zephyr18 via Getty Images
    Image attribution tooltip

    Multifamily outstanding debt grew by $148B in 2022

    The agencies and mortgage-backed securities portfolios hold almost half of apartment loans.

    By • March 21, 2023
  • Crane and building under construction against blue sky
    Image attribution tooltip
    unkas_photo via Getty Images
    Image attribution tooltip

    Apartment starts up 24%, posting ‘unexpectedly strong month’

    Looking forward, banking volatility could force the Fed to ease interest rate hikes that had been predicted to slow apartment starts.

    By • March 20, 2023
  • Home key with keychain with black calculator on wooden table
    Image attribution tooltip
    Nuthawut Somsuk via Getty Images
    Image attribution tooltip

    Multifamily CMBS servicing and delinquency rates jump

    Trepp data shows the increases are a trend across commercial real estate as owners, such as Blackstone, grapple with higher interest rates.

    By • March 20, 2023
  • office of Silicon Valley Bank
    Image attribution tooltip
    Justin Sullivan/Getty Images via Getty Images
    Image attribution tooltip

    Bank failures cause uncertainty for contractors

    The collapses of Silicon Valley Bank and Signature Bank could weaken this year’s outlook for commercial real estate and construction, an economist said.

    By Sebastian Obando • March 16, 2023
  • Low angle view of a modern style apartment building, with lots of windows on a sunny, cloudy day
    Image attribution tooltip
    Colleen Michaels via Getty Images
    Image attribution tooltip

    CBRE: Looming oversupply will be short-lived

    Even with a surplus of multifamily development over the short term, an additional 2.3 million new units will be needed nationwide over the next 10 years, according to a new analysis.

    By • March 15, 2023
  • People walk by a branch of Signature Bank.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    Failed Signature Bank had a deep reach in the NYC rental market

    The lender funded approximately 3,000 apartment buildings in the city, according to one source.

    By • March 14, 2023
  • low-rise red apartment building
    Image attribution tooltip
    Andrey Sayfutdinov via Getty Images
    Image attribution tooltip

    When will apartment sales return?

    The Federal Reserve signaling a slowdown in interest rate hikes could be the start of bringing certainty to the market.

    By • March 14, 2023
  • An SVB sign stands outside the bank's headquarters.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Sonder, Latch among companies with deposits at beleaguered SVB

    The collapse of Silicon Valley Bank could affect both multifamily borrowers and technology suppliers.

    By • March 13, 2023
  • letters m and a made with wood building blocks
    Image attribution tooltip
    Maks_Lab via Getty Images
    Image attribution tooltip

    Cadillac Fairview completes acquisition of Lincoln’s residential division

    Lincoln CEO Tim Byrne is retiring as a new group of leaders takes the helm at the Dallas-based company.

    By • March 10, 2023
  • Playground with brown apartment community in the background.
    Image attribution tooltip
    Permission granted by Standard Communities
    Image attribution tooltip
    DEALS + STARTS

    Standard Communities grabs a controlling interest in more than 3,000 affordable units

    The purchase marks Standard’s first acquisition in Florida and its first affordable purchase in Georgia.

    By • March 9, 2023
  • The top of a brown high-rise apartment building.
    Image attribution tooltip
    RoschetzkyIstockPhoto via Getty Images
    Image attribution tooltip

    The cities with the highest, lowest rental vacancy rates

    The national rate has held relatively steady over the past four quarters, according to Census data.

    By • March 9, 2023
  • Dollar bags, sand clock or hourglass on a balance scale in equal position,.
    Image attribution tooltip
    William_Potter via Getty Images
    Image attribution tooltip

    MBA expects multifamily lending to fall 16%

    Five percent of nonbank multifamily mortgages are slated to mature in 2023.

    By • March 7, 2023
  • 3D Render of the clouds of Hurricane Ida (Aug 28, 2021) on a Topographic Map of the Gulf of Mexico
    Image attribution tooltip
    FrankRamspott via Getty Images
    Image attribution tooltip

    Coastal developers, owners brace for ‘outrageous’ jump in insurance costs

    Extreme-weather events and population growth have driven up the price of insurance for apartment companies, according to a new report.

    By • March 7, 2023
  • Two models of the building, two keys of the house and a binder on the white table.
    Image attribution tooltip
    kokouu via Getty Images
    Image attribution tooltip

    HUD loan volume falls

    Despite the slowdown, the agency’s existing loans could be coveted by borrowers this year.

    By • March 6, 2023
  • Brown apartments surrounding a pool with grass in the foreground.
    Image attribution tooltip
    Permission granted by RealSource Properties
    Image attribution tooltip
    Q&A

    Once the buyer’s market arrives, it might not last long

    An executive from RealSource Properties thinks apartment sales could snap back quickly.

    By • March 3, 2023
  • Two-story apartments with a pool in the foreground.
    Image attribution tooltip
    Permission granted by Three Pillars
    Image attribution tooltip
    Capital Commitments

    Why Three Pillars is betting on distressed buys

    The Houston-based private equity firm tapped into investors from the U.S. and the Middle East to help target Sun Belt properties.

    By • March 3, 2023
  • Grey two-story homes with driveways in the foreground.
    Image attribution tooltip
    Permission granted by Wolfson Development
    Image attribution tooltip
    Q&A

    Are the BTR capital markets coming back?

    Wolfson Development’s CEO thinks investors see safety in single-family rentals, even if the days of 40% rent growth in Florida are over.

    By • March 1, 2023
  • Close-up of the exchange of keys between two hands.
    Image attribution tooltip
    Hispanolistic via Getty Images
    Image attribution tooltip

    Apartment sales fall 71%

    Prices continued their decline in January, dropping 4.6% year over year.

    By • Feb. 28, 2023
  • Three story brown apartment building.
    Image attribution tooltip
    Permission granted by Continental Realty Corporation
    Image attribution tooltip
    DEALS + STARTS

    Continental Realty Corp. buys North Carolina property worth owning ‘for the long term’

    The company assumed the HUD loan in a process that took nearly six months.

    By • Feb. 24, 2023
  • Aerial picture of New York City
    Image attribution tooltip
    TomasSereda via Getty Images
    Image attribution tooltip

    Blackstone’s $270M loan goes to servicing

    Despite loan servicing on an 11-property New York City portfolio, the investment giant says it remains committed to rental housing.

    By • Feb. 22, 2023
  • Paper saying notice of loan default
    Image attribution tooltip
    KLH49 via Getty Images
    Image attribution tooltip

    Trepp: Multifamily CMBS servicing rates increase

    One observer sees delinquency rising but staying under 2%.

    By • Feb. 17, 2023
  • Wall Street sign
    Image attribution tooltip
    kevinjeon00 via Getty Images
    Image attribution tooltip
    REIT Report

    Equity Residential sees positive employment signs amid uncertainty

    The REIT nears the finish line with some centralization initiatives as it works to corral costs.

    By • Feb. 17, 2023
  • White and black apartment building with a surface-level pool in the foreground.
    Image attribution tooltip
    Permission granted by Blackstone
    Image attribution tooltip
    DEALS + STARTS

    Blackstone makes big buy in Atlanta

    Despite questions about its transaction strategy this year, the firm paid $133 million for a 473-unit property in Georgia.

    By • Feb. 17, 2023
  • 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

    AvalonBay pushes forward with expansion goals

    On its earnings call last week, the REIT said it sees signs of rent growth heading into spring leasing.

    By • Feb. 15, 2023