Rents: Page

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    Rent growth normalized month to month in August

    Asking rents rose 0.4% last month, a large drop from the previous August but slightly above historical summer growth.

    By Mary Salmonsen • Sept. 20, 2022
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    Permission granted by The Bainbridge Cos.
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    Q&A

    Will resident events pick up in 2023?

    As one management firm looks to ramp up on-site activities, it is also carefully adding new technology.

    By • Sept. 9, 2022
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    Trendline

    Student Housing

    Off-campus student housing presents an opportunity for multifamily pros as the industry further consolidates.

    By Multifamily Dive staff
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    Permission granted by Hines
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    DEALS + STARTS

    Hines makes second-largest purchase in South Florida history

    After tracking Gables Station since February, Hines closed on the property in July after another buyer dropped out.

    By • Sept. 9, 2022
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    Rent growth fell in August

    Yardi expects a slowdown through the end of 2022, though YOY rent growth remains high at the national and metro levels.

    By Mary Salmonsen • Sept. 8, 2022
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    Permission granted by Hunter Kerhardt
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    PROJECT SPOTLIGHT

    New Greystar luxury tower takes design cues from neighboring church

    The $100 million 525 Olive is San Diego's highest residential building, according to the developer.

    By Mary Salmonsen • Aug. 30, 2022
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    NYC landlords pay $4M total to settle rent control, kickback allegations

    The 29 companies were involved in a scheme to deregulate rent-stabilized apartments, according to the state’s attorney general.

    By Jennifer Goodman • Aug. 26, 2022
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    Apartment deliveries hit 50-year high

    New York City passes Dallas in completions as new openings rise around the country.

    By • Aug. 24, 2022
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    Permission granted by Odyssey Properties Group
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    DEALS + STARTS

    Odyssey Properties acquires 304 units in Florida

    The Los Angeles-based firm bought two properties for $53 million.

    By • Aug. 22, 2022
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    Permission granted by Excelsa Properties
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    Q&A

    A slowing market may allow this owner to make more deals

    As rising rates weed out some buyers, Excelsa sees the opportunity to make acquisitions.

    By • Aug. 22, 2022
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    Freddie Mac: Over half of tenants saw rising rents in the past 12 months

    Of the renters with higher costs this year, almost 20% reported they are extremely likely to miss a payment.

    By Mary Salmonsen • Aug. 18, 2022
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    Permission granted by Carbon Cos.
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    Q&A

    Migration is only one driver behind strong leasing in Texas

    In leasing 110 apartments in one month at a North Texas property, Carbon Cos. sees residents come from a variety of places.

    By • Aug. 18, 2022
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    New prospect traffic, applications slow

    A corresponding increase in vacancies is reducing upward pressure on prices, according to MRI Real Estate Software.

    By Mary Salmonsen • Aug. 15, 2022
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    Permission granted by Venterra Realty
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    Q&A

    Why one executive says revenue growth is unsustainable

    Property values may fall, Venterra Realty’s John Foresi says, but the long-term outlook is still in multifamily’s favor.

    By • Aug. 12, 2022
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    Rent growth deceleration picks up steam in July

    Price increases are moderating against a slowing economy, but rents remain high against historic trends, according to Yardi and RealPage.

    By Mary Salmonsen • Aug. 11, 2022
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    Permission granted by Fogelman Properties
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    Q&A

    Why it’s harder to find value-add properties

    Memphis, Tennessee-based Fogelman Properties has ramped up its buying engine, but it has to look hard to find deals.

    By • Aug. 8, 2022
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    Freddie Mac expects multifamily contraction through the end of 2022

    Macroeconomic headwinds include inflation and rising Treasury rates.

    By Mary Salmonsen • Aug. 3, 2022
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    Elijah Nouvelag via Getty Images
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    Georgia senator introduces legislation to bolster military housing nationwide

    Raphael Warnock proposed a series of bills to address the Basic Allowance for Housing, increase homeownership and build more homes for service members.

    By • Aug. 2, 2022
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    Permission granted by Magma Equities
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    Q&A

    Why one apartment owner is betting on North Carolina

    As Magma Equities secures more deals, it’s able to unearth more buying opportunities.

    By • July 26, 2022
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    It costs nearly $4,000 to replace a resident when they leave

    Property managers say they must forgo lost rents and give away concessions when a renter departs.

    By • July 19, 2022
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    LIHTC expiration affects deeply affordable properties the most

    When income restrictions are removed, units affordable to people making 30% of area median income disappear.

    By • July 19, 2022
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    Rent hits new highs, but rent growth slows

    Although the rate of rent growth is decelerating, the national average asking rent rose to $1,706 in June, according to Yardi Matrix.

    By Mary Salmonsen • July 18, 2022
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    Permission granted by Trion Properties
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    Q&A

    One owner sits at 99.5% occupancy at some properties in Miami

    Seeing strong fundamentals, Trion Properties is still buying despite capital market volatility.

    By • July 15, 2022
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    After leaving the tax credit program, many properties see modest rent increases

    Generally, former Low-Income Housing Tax Credit apartment communities remain affordable to those making 60% of AMI, according to Freddie Mac.

    By • July 12, 2022
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    Q&A

    RealPage economist: Rent growth likely to moderate in the second half of 2022

    Current growth rates are not sustainable in the long term, according to Jay Parsons.

    By Mary Salmonsen • July 8, 2022
  • A brown and white brick apartment building with a water fountain and cars parked in front.
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    Mary Salmonsen/Multifamily Dive
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    Equity Residential to pay $2M in Washington, D.C., 'rent hike scam' case

    The lawsuit from the district’s attorney general alleged that the company had leased rent-controlled units at an undisclosed discount, then raised rents based on the actual rate.

    By Mary Salmonsen • July 8, 2022