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  • Glass building with Fannie Mae sign.
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    Retrieved from Fannie Mae on November 20, 2023
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    FHFA reduces lending caps again for Fannie, Freddie

    Loans that support workforce housing will be exempt from the volume limits.

    By • Nov. 20, 2023
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    Rents continue falling amid recession concerns

    Northeast and Midwest markets are growing, while the West and Sun Belt see rent declines related to new supply.

    By Mary Salmonsen • Nov. 20, 2023
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    Trendline

    Top 5 stories from Multifamily Dive

    A roundup of some of Multifamily Dive’s top stories so far this year.

    By Multifamily Dive staff
  • Mixed-use multifamily residential district area development with blue sunny sky background
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    MSCI: Apartment sales fall for 14th straight month

    Multifamily transactions declined 72% year over year to $6.2 billion, while prices dropped 13.7%.

    By • Nov. 17, 2023
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    Multifamily originations fall 50%

    Fannie Mae and Freddie Mac see volume decline 27% in Q3, as underwriting remains difficult and transactions continue to drop.

    By • Nov. 16, 2023
  • Photo looking up at high rises and Wall Street sign.
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    REIT Report

    EQR reports strength on the East Coast

    Washington, New York City and Boston thrive, while Seattle and San Francisco struggle. 

    By • Nov. 16, 2023
  • Downtown skyline view of high-rise buildings in Phoenix, Arizona.
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    Phoenix office-to-apartment conversion goes to foreclosure

    The former BMO Harris bank tower could be auctioned later this month after the owner defaulted on a $71.3 million loan.

    By • Nov. 15, 2023
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    REIT Report

    Essex sees delinquencies drop in October

    The REIT predicts growth potential from tech jobs in its West Coast markets, with limited new supply competition.

    By • Nov. 14, 2023
  • Wood-framed apartment building under construction.
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    ‘Mild recession’ expected to dampen future multifamily deliveries

    Tight financing, economic weakness and record levels of new supply are taking a toll on construction estimates, Yardi says.

    By Mary Salmonsen • Nov. 14, 2023
  • A view of the buildings at Florida State University from the observation deck of the Florida Capitol building.
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    DEALS + STARTS

    Landmark assembles 20 parcels for Florida project

    The developer is building an 859-unit luxury student housing project in Tallahassee.

    By • Nov. 13, 2023
  • View from the the ground looking up at high rises and Wall St. and Front St. signs.
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    REIT Report

    ‘Unprecedented’ concessions from competitors put pressure on UDR

    Sun Belt supply is an issue, but the REIT also sees increased competition on the coasts.

    By • Nov. 9, 2023
  • Aerial view of white apartment building.
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    Permission granted by Eden Multifamily
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    DEALS + STARTS

    Eden sells new Florida property for $73M

    The developer was able to move the asset ahead of schedule without advertising widely.

    By • Nov. 9, 2023
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    Permission granted by University of California at Santa Barbara
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    UC Santa Barbara cancels ‘Dormzilla’

    A separate 2,250-bed project is now planned for the site originally intended for the controversial Munger Hall.

    By Mary Salmonsen • Nov. 8, 2023
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    REIT Report

    Bad debt, oversupply suppress Camden’s Q3 results

    Delinquencies, skips, fraud and lease breaks have jumped for the firm in the second half of the year.

    By • Nov. 7, 2023
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    Fed pause gives hope that deals could pick up

    After the central bank’s announcement last week, the 10-year Treasury fell 40 basis points from October’s high.

    By • Nov. 6, 2023
  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
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    REIT Report

    AVB adjusts return expectations on new development

    Move-outs to new homes fell for AvalonBay, but executives expect market deceleration in 2024.

    By • Nov. 2, 2023
  • A low-angle view of the Flatiron Building in New York City.
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    40 condos coming to Manhattan’s Flatiron Building

    The conversion, led by the Brodsky Organization, follows a series of auctions for the historic property.

    By Mary Salmonsen • Nov. 2, 2023
  • Five-story brown, modern apartment building with balconies on the corner.
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    Permission granted by JPI
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    Behind the scenes of the JPI-Sumitomo deal

    JPI CEO Payton Mayes sees an opportunity to move into new markets when the time is right.

    By • Nov. 1, 2023
  • Tan, three-story apartment building with palm trees and a lake in the foreground.
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    Permission granted by Kaplan Residential
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    DEALS + STARTS

    Kaplan secures 20-acre Florida site for $5.2M

    The developer plans to build five three-story buildings with elevators. 

    By • Nov. 1, 2023
  • American flags in front of marble building
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    REIT Report

    MAA’s new lease rents fall due to competitors’ concessions

    A glut of new supply is providing obstacles and opportunities for the REIT.

    By • Oct. 31, 2023
  • A shift to remote work has softened the demand for office space, accelerating the need for commercial-to-residential conversions.
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    White House advances office-to-residential conversions with new resources

    The guidance, financing and technical assistance aim to address a 30-year high in office vacancies and ease the affordable housing crisis.

    By Ysabelle Kempe • Oct. 31, 2023
  • A panoramic view from above San Francisco's financial district on a bright sunny day.
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    754-unit San Francisco property loses more than half its value

    The NEMA San Francisco apartment complex sits next to the headquarters of social media giant X.

    By • Oct. 26, 2023
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    Goldman sees high home prices, mortgage rates for next year

    The backlog of multifamily units already under construction has grown 56% since 2020, and the pipeline for new projects has begun to narrow, the global banking firm said.

    By Jennifer Goodman • Oct. 26, 2023
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    Permission granted by Eastham Capital
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    Q&A

    Why this investor prefers local partners

    Eastham Capital looks for firms that self-manage and have on-the-ground expertise.

    By • Oct. 24, 2023
  • A shift to remote work has softened the demand for office space, accelerating the need for commercial-to-residential conversions.
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    Fed warns of stability risk from $24T commercial real estate market

    Prices for commercial properties slumped 3.9% from the second quarter of last year to Q2 2023, well below the 3.3% average annual growth beginning in 1997.

    By Jim Tyson • Oct. 24, 2023
  • A three-story row of attached homes with yellow siding and red doors.
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    Permission granted by Archway Communities
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    Affordable operator debuts profit-sharing program at 2 Denver properties

    Enterprise Community Partners’ new fund aims to preserve rents and enable $1.7 million in renovations.

    By Mary Salmonsen • Updated Oct. 24, 2023