Rents: Page 2

  • A tall tower over a much shorter skyline.
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    Permission granted by Panepinto Properties
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    DEALS + STARTS

    $338M high-rise breaks ground in Jersey City’s booming Journal Square

    499 Summit Avenue’s 53-story tower will add 605 units to over 20,000 that are newly built or in development nearby.

    By • Sept. 20, 2023
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    Eleganza via Getty Images
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    Sticker shock: Expenses jump almost 10%

    Insurance, repairs and maintenance are helping to drive the increases at multifamily properties, according to a Yardi report.

    By • Sept. 19, 2023
  • a high-rise apartment building seen from the ground up Explore the Trendline➔
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    Grand Warszawski via Getty Images
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    Trendline

    Rent Trends

    Seasonality, supply, concessions and more are top of mind for rental owners and operators across the country.

    By Multifamily Dive staff
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    sabthai via Getty Images
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    Yardi, 18 managers hit with antitrust lawsuit

    The class-action complaint cites research showing that operators using the firm’s pricing software had rents 6% higher than the market rate in some cities.

    By • Sept. 14, 2023
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    Portra via Getty Images
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    While demand remains strong, rent growth continues to fall

    Operating expenses are on the rise across the country, driven by insurance costs, according to Yardi Matrix.

    By • Sept. 12, 2023
  • Three-story tan and dark modern apartment with wraparound balconies on the corners.
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    Permission granted by Griffis at Riata
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    DEALS + STARTS

    Draper and Kramer moves into Austin

    The Chicago-based owner assumed the loan on the 307-unit Griffis at Riata.

    By • Sept. 7, 2023
  • A row of homes with a red sign in the foreground that reads "FOR RENT."
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    Feverpitched via Getty Images
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    Opinion

    Concessions are here to stay, and other takeaways from a PRM veteran

    Donald Davidoff has learned a thing or two in the nearly 25 years since pricing and revenue management software was introduced to the industry.

    By Donald Davidoff • Sept. 7, 2023
  • A modern-style building with "The Metropolitan" written on the side.
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    Courtesy of Landmark Properties
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    The top 10 colleges for student housing deliveries this fall

    Rents have risen 7.1% for student beds since July 2022, up to a record high of $849 per bedroom.

    By • Sept. 5, 2023
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    lucky-photographer via Getty Images
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    REITs report decelerating rent growth

    REITs show strength on the East Coast, but see less growth in the Sun Belt.

    By • Aug. 31, 2023
  • A lawn next to an apartment building, with outdoor seating along either side.
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    Permission granted by The Bainbridge Cos.
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    PROJECT SPOTLIGHT

    Bainbridge opens Greek-inspired apartments in Tampa Bay area

    Bainbridge Bayview is located directly on the water, with amenities and resident balconies overlooking the bay.

    By • Aug. 30, 2023
  • House model with agent and customer discussing for contract to buy.
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    Perawit Boonchu via Getty Images
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    Sales volume drops 76% YOY to $6B as cap rates hit 5%

    Transaction totals in July were also 53% below the $12.7 billion average during the five years before the pandemic, according to MSCI.

    By • Aug. 29, 2023
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    Bill Oxford via Getty Images
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    AvalonBay dropped from RealPage suit

    More than 30 filings against the property management software provider and several apartment owners and operators have been consolidated into one case in Nashville, Tennessee.

    By • Aug. 25, 2023
  • Several rows of rectangular homes - some complete, some under construction.
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    Permission granted by Curve Development
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    PROJECT SPOTLIGHT

    New single-family rentals open north of Sacramento

    Cyrene at Meadowlands is Curve Development’s latest addition to what the company considers a growing market.

    By • Aug. 25, 2023
  • A row of single-story attached homes with green siding.
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    Permission granted by Heyday
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    PROJECT SPOTLIGHT

    New developer opens single-family rentals near Madison, Wisconsin

    Heyday Sun Prairie is the first project for the Chicago-area firm.

    By • Aug. 23, 2023
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    kevinjeon00 via Getty Images
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    REIT Report

    Delinquent renters drive expenses 8.5% higher for Camden

    Despite evictions and skips, low move-outs to homeownership limit turnover damage for the Houston-based REIT.

    By • Aug. 21, 2023
  • People picket outside of Paramount Pictures studios during the Hollywood writers strike on May 4, 2023 in Los Angeles, California.
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    David McNew via Getty Images
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    Apartment owners don’t feel impacts from Hollywood writers’ strike — yet

    Despite few effects so far, a prolonged work stoppage could exacerbate occupancy issues in Los Angeles.

    By • Aug. 18, 2023
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    Pgiam via Getty Images
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    REIT Report

    Revenue growth boosts AvalonBay

    As market conditions slow, the Virginia-based REIT sees an opportunity to pick up land in its expansion metros.

    By • Aug. 16, 2023
  • Wood-framed apartment building under construction.
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    Maudib via Getty Images
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    As rents continue to rise, legislators eye new regulations

    Ongoing affordability challenges have led lawmakers to consider rent control and fee notifications, Yardi said in its most recent report.

    By • Aug. 14, 2023
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    Simon Carter via Getty Images
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    REIT Report

    Essex raises rent guidance as tech layoff fears subside

    The REIT saw sluggishness in Seattle while Southern California thrived. 

    By • Aug. 14, 2023
  • Entry to tan apartment community with tree-lined street in the foreground.
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    Permission granted by Pacific Urban Investors
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    DEALS + STARTS

    Pacific Urban makes 21st San Diego deal, continues to see growth opportunities

    The apartment owner’s internal research led it to a property in the city’s La Jolla submarket.

    By • Aug. 11, 2023
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    Yongyuan via Getty Images
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    Millions in back rent due in Los Angeles

    The city’s lengthy eviction moratorium, ongoing rent freeze and difficult eviction processes have created issues for property owners and landlords.

    By • Aug. 11, 2023
  • View from the the ground looking up at high rises and Wall St. and Front St. signs.
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    franckreporter via Getty Images
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    REIT Report

    Coastal markets show strength in UDR’s busy Q2

    As more than 20% of its sites use staff-less technology, the REIT continues to focus on customer experience.

    By • Aug. 7, 2023
  • Grey, 40-stroy apartment with pool and palm trees in the foreground.
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    Permission granted by Trilogy Real Estate Group
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    Trilogy buys ZOM development during construction for nearly $86M

    The Azalea Apartments are in an Opportunity Zone 15 minutes east of Tampa’s downtown.

    By • Aug. 3, 2023
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    iStock/Getty via Getty Images
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    Roundup

    The apartment industry battles insurance price hikes

    As costs jump 100% or more in some states, multifamily leaders look for solutions. 

    By Multifamily Dive Staff • July 26, 2023
  • A set of attached homes with yellow siding.
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    Sundry Photography via Getty Images
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    Senior housing investors expect rent growth in 2023

    Almost one-third of CBRE survey respondents are underwriting growth of 7% or more for assisted living.

    By • July 25, 2023
  • Walkway leading along the new colorful cmplex of apartment buildings, Gdansk, Poland
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    ewg3D via Getty Images
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    Rent growth drops to lowest non-pandemic rate since 2011

    Asking rents are still on the rise, both for conventional multifamily and for single-family build-to-rent properties, according to a new report.

    By • July 20, 2023