Capital: Page 7
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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 -
Permission granted by JBM Institutional Multifamily Advisors
DEALS + STARTSInland sells Florida asset to Interface Properties
JBM Institutional Multifamily Advisors, which brokered the deal, sees the transaction market opening up in the Sunshine State.
By Leslie Shaver • July 24, 2024 -
Permission granted by Woodfield Development
Q&AWhy Woodfield thinks now is a good time to get shovels in the ground
The developer sees an opportunity to open new projects in an advantageous market in 2026, according to partner Greg Bonifield.
By Leslie Shaver • July 23, 2024 -
tntemerson via Getty Images
5 ways a manager can insulate itself from a distressed owner
Operators can survive a troubled client by doing their homework, bringing in equity and working with the lender.
By Leslie Shaver • July 22, 2024 -
Sundry Photography via Getty Images
Starts increase compared to May
However, completions jumped as new supply continues to represent a near-term threat.
By Leslie Shaver • July 22, 2024 -
Permission granted by Hamilton Point Investments
Q&AFinance exec says now is a good time to buy apartments
Hamilton Point Investments recently bought four new properties in Houston and is ready to make more deals, according to co-founder Matt Sharp.
By Leslie Shaver • July 18, 2024 -
Retrieved from Flaherty & Collins.
Lender moves to foreclose on Flaherty & Collins’ Indianapolis high-rise
Prime Finance is suing for $101 million after the apartment developer allegedly defaulted on payments on the 27-story property.
By Leslie Shaver • July 17, 2024 -
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Trepp: Multifamily CMBS delinquency moves past 2%
The special servicing rate for apartments fell in June but remained above 5%.
By Leslie Shaver • July 15, 2024 -
Retrieved from Crescent Heights.
Crescent Heights secures loan modification at beleaguered San Francisco property
The developer will retain control of the 754-unit NEMA San Francisco apartment complex after paying its lenders $10.5 million.
By Leslie Shaver • July 12, 2024 -
Permission granted by Morgan Properties
Morgan acquires 3,434 units in its home state
The apartment owner plans $80 million in upgrades at the 11 properties in Pennsylvania.
By Leslie Shaver • July 10, 2024 -
andresr via Getty Images
Proptech funding drops 14.3%
Ninety-one percent of tech firms anticipate raising capital, and 45% expect that to happen in the next 10 to 12 months.
By Leslie Shaver • July 9, 2024 -
Permission granted by Mill Creek
DEALS + STARTSInside Mill Creek’s evolution to a full-service investment management firm
Although the Florida-based developer made its name in new construction, value-add purchases and structured products will represent a larger part of the business going forward.
By Leslie Shaver • July 8, 2024 -
Permission granted by KKR
KKR purchases Quarterra portfolio for $2.1B
Carter-Haston, MG Properties and Dalan Real Estate will operate the assets for the New York City-based global investment firm.
By Leslie Shaver • June 28, 2024 -
elxeneize via Getty Images
MSCI: Prices have fallen over 20% in less than 2 years
Additionally, apartment sales dropped 44% year over year in May to $6.7 billion.
By Leslie Shaver • June 27, 2024 -
ribeirorocha via Getty Images
Apartment starts plummet 52%
Completions for buildings with five or more units rose only 0.8% in May as investors eyed new buildings.
By Leslie Shaver • June 25, 2024 -
Permission granted by KGD Architecture
Clark makes headway on first affordable housing project in Tysons, Virginia
Amazon is funding $56 million of the project through its housing equity fund.
By Zachary Phillips • June 24, 2024 -
Retrieved from NAI Ohio Equities on June 13, 2024
Merchant Building to add 174 units to downtown Columbus, Ohio
Gilbane is building the 32-story mixed-use structure, which is scheduled to open in 2026.
By Matthew Thibault • June 24, 2024 -
Permission granted by Matheson Capital
DEALS + STARTSGrowing Charleston, South Carolina-based firm enters Georgia, making its largest deal to date
Matheson Capital purchased the 248-unit Residences at St. George in Savannah — its 14th acquisition as the lead sponsor.
By Leslie Shaver • June 24, 2024 -
Permission granted by Leon Capital Group
Q&AInside a Dallas developer’s plan for 2,000 starts this year
The president of Leon Capital Group’s multifamily division sees an opportunity to deliver new apartments into rent growth.
By Leslie Shaver • June 20, 2024 -
Courtesy of Foster + Partners & Kerry Hill Architects
Cain International, OKO Group start $5B mixed-use development in California
Turner Construction will lead site management on One Beverly Hills, which includes two condo towers and an Aman Group hotel.
By Joe Bousquin • Updated June 24, 2024 -
Permission granted by Palladius Capital Management
DEALS + STARTSPalladius Capital Management grabs a student property in San Antonio
CEO Nitin Chexal explains why the firm has invested $170 million along the I-35 corridor over the last 12 months.
By Leslie Shaver • June 18, 2024 -
olaser via Getty Images
Trepp: Delinquencies increase again as servicing rate rises
There was $245 million in newly delinquent multifamily loans during the month of May, according to Trepp.
By Leslie Shaver • June 17, 2024 -
Permission granted by Nuveen
Nuveen strikes $100M deal with CalPERS
The nation’s fourth-largest owner is working to preserve housing for residents earning less than 80% of the area median income.
By Leslie Shaver • June 14, 2024
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