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Permission granted by LRE Management
DEALS + STARTSNew York-based firm makes $102M bet on Atlanta through new fund
LRE Management also added PGA golfer Patrick Cantlay as a member of its advisory board.
By Leslie Shaver • Sept. 13, 2024 -
Permission granted by Gindi Equities
DEALS + STARTSGindi Equities makes $13.5M sale in North Carolina
The New York City firm originally bought the Cedar Ridge Apartments in 2021.
By Leslie Shaver • Sept. 12, 2024 -
Explore the Trendlineâ
Arturo Rosenow via Getty Images
TrendlineTop 5 stories from Multifamily Dive
A roundup of some of Multifamily Dive’s top stories of 2024.
By Multifamily Dive staff -
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Lynd assigned an 11,000-unit portfolio
The original owners purchased the 50 properties as a value-add play but ran into problems when interest rates rose and costs increased.
By Leslie Shaver • Sept. 11, 2024 -
Chip Somodevilla via Getty Images
Freddie Mac names new CEO
Diana Reid brings more than four decades of banking, real estate, capital markets and affordable housing experience to the company.
By Leslie Shaver • Sept. 10, 2024 -
Arturo Rosenow via Getty Images
Trepp: Delinquency, servicing rates hit highs not seen in years
Distressed CMBS loans increased across commercial real estate last month, but apartment issues stood out.
By Leslie Shaver • Sept. 9, 2024 -
Permission granted by Pratum Companies
Q&APratum CEO explains why he wants to acquire more properties
Shah Alam thinks ownership will complement the existing services his management firm offers.
By Leslie Shaver • Sept. 5, 2024 -
Courtesy of Fannie Mae
Fannie, Freddie announce tenant protection plans for housing portfolios
The GSEs’ borrowers must provide advance notices of rent increases and lease expirations, among other requirements.
By Mary Salmonsen • Sept. 5, 2024 -
Permission granted by QuadReal Property Grou
DEALS + STARTSCanadian firm buys 4 properties from Lennarâs Quarterra
QuadReal Property Group picked up 1,400 units total in Colorado, North Carolina, Arizona and Maryland.
By Leslie Shaver • Sept. 4, 2024 -
Permission granted by Sinatra & Co.,
DEALS + STARTSSinatra makes $64M Florida buy
The Cocoa Grand is the Western New York firm’s fifth purchase in the Sunshine State.
By Leslie Shaver • Aug. 28, 2024 -
unkas_photo via Getty Images
Apartment starts increase monthly, but fall YOY
Meanwhile, multifamily completions jumped 50% from last July and the number of units under construction dropped.
By Leslie Shaver • Aug. 27, 2024 -
Sundry Photography via Getty Images
MSCI: Multifamily prices fall 8.4% YOY
As values continued to stabilize, apartment sales dropped 11% during July.
By Leslie Shaver • Aug. 26, 2024 -
Permission granted by HP Investors
HP Investors separates from its affiliate
Isaac Abid will serve as the general partner of the Northern California portfolio under his new venture, Lakeside Group.
By Leslie Shaver • Aug. 23, 2024 -
Milenny via Getty Images
REIT Report3 things to know from Camdenâs earnings call
The Texas-based REIT still faces heavy supply in many markets, though demand remains strong.
By Leslie Shaver • Aug. 21, 2024 -
https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
REIT ReportBad debt not enough to weigh AVB down
The Virginia-based REIT outperformed again in Q2 with an increase in same-store and development NOI.
By Leslie Shaver • Aug. 20, 2024 -
Permission granted by ZOM LIving
Q&AZOM aims to diversify into senior housing
CEO Greg West sees strong demographic growth in the sector, but he also thinks there is an emerging window in market-rate apartments.
By Leslie Shaver • Aug. 16, 2024 -
art2002 via Getty Images
REIT ReportMAA in the âworst of the stormâ with new supply
The REIT plans to get more aggressive on the development and acquisition fronts as it sees better days ahead in 2025 and beyond.
By Leslie Shaver • Aug. 14, 2024 -
rabbit75_ist/iStock/Getty Images Plus via Getty Images
REIT ReportEssex predicts West Coast rebound
The California-based REIT increased NOI and revenue guidance for 2024.
By Leslie Shaver • Aug. 12, 2024 -
Marilyn Nieves via Getty Images
EQR to acquire nearly $1B of apartments from Blackstone
The properties, located in Atlanta, Dallas and Denver, will help the Chicago-based REIT beef up in its expansion markets.
By Leslie Shaver • Aug. 7, 2024 -
kevinjeon00 via Getty Images
REIT ReportUDR raises guidance despite Sun Belt softness
New leases continue to be challenging due to supply, but the REIT credits a customer service initiative with helping to boost renewals.
By Leslie Shaver • Aug. 7, 2024 -
hapabapa via Getty Images
REIT ReportEQR outperforms expectations
Despite challenges in the Sun Belt, moderating expenses and strong coastal performance helped the REIT in the second quarter.
By Leslie Shaver • Aug. 5, 2024 -
Permission granted by Excelsa
DEALS + STARTSExcelsa reenters Florida with a 477-unit acquisition
The firm plans to spend $8 million upgrading The Drake at St. Pete, a 36-building property in St. Petersburg.
By Leslie Shaver • Aug. 5, 2024 -
Permission granted by VirtĂș Investments
Q&AInvestor sells in the Sun Belt, buys in California
When cap rates fell below 3% in Phoenix, Virtú Investments CEO Mike Green knew it was time to shift to lower-supply markets.
By Leslie Shaver • Aug. 1, 2024 -
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Ballast and Goldman Sachs give up 82 San Francisco properties
Owner and manager Hamilton Zanze is reportedly in line to handle the operation of the three portfolios.
By Leslie Shaver • Aug. 1, 2024 -
Permission granted by Cortland
DEALS + STARTSHouston acquisition could be a harbinger of busy second half
EVP of Investments Kyle Bateh sees a lot of dry powder on the sidelines waiting to make deals.
By Leslie Shaver • July 29, 2024 -
Svetlana123 via Getty Images
Apartment sales volume finally turns positive as AIR-Blackstone deal closes
Investment activity jumped 20% in the second quarter after seven consecutive quarters of high double-digit declines, according to MSCI.
By Leslie Shaver • July 26, 2024
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