Rents: Page 2
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Standard Communities acquires $1B portfolio
The firm plans to invest over $30 million in capital improvements and deferred maintenance across the 6,000 units in more than 60 communities.
By Leslie Shaver • Nov. 8, 2024 -
REIT Report
Essex sees strength in Seattle
The California-based REIT’s same-store revenue growth helped it beat guidance in Q3.
By Leslie Shaver • Nov. 7, 2024 -
Explore the Trendline➔
skynesher via Getty ImagesTrendlineResident Retention
Property managers have a variety of approaches to keep tenants satisfied.
By Multifamily Dive staff -
DEALS + STARTS
Lion Real Estate Group nabs off-market deal in Houston
The investment firm saw an opportunity to secure a 25-year-old property at a good yield.
By Leslie Shaver • Oct. 25, 2024 -
Historic Philadelphia building goes into servicing
The Brush Factory Lofts, which sits in a neighborhood where rents are falling, saw its loan hit 90 days’ delinquent in August.
By Leslie Shaver • Oct. 23, 2024 -
Flexibility and pet policies are tops with single-family renters
While most tenants are satisfied with their rental homes, a majority are still looking to buy one day, according to a recent survey.
By Mary Salmonsen • Oct. 23, 2024 -
California voters say no to Prop 33
Eight out of 13 major housing-related measures were approved during this week’s election.
By Mary Salmonsen • Updated Nov. 6, 2024 -
Q&A
The challenges of building workforce housing
Astor Cos. CEO Henry Torres is using the Live Local Act to add attainable rentals to his portfolio of luxury properties.
By Leslie Shaver • Oct. 21, 2024 -
Rent growth steps back for the fall
Despite the seasonal drop, things are looking good for the multifamily market following the Fed’s recent interest rate cut, according to Yardi Matrix.
By Mary Salmonsen • Oct. 14, 2024 -
The image by Ken Lunch is licensed under CC BY-SA 2.0
Loan for once-iconic Detroit tower goes delinquent
Riverfront Towers, once home to Rosa Parks and Aretha Franklin, was plagued by flooding, insurance costs and evictions.
By Leslie Shaver • Sept. 30, 2024 -
Research points to the downsides of rent control
A new review of over 100 studies shows a variety of negative impacts around policies that regulate rent.
By Mary Salmonsen • Sept. 20, 2024 -
Rents remain flat ahead of potential rate cut this month
The national average rent has fallen by $1, ending six months of gains, while YOY rent growth holds steady at 0.8%.
By Mary Salmonsen • Sept. 9, 2024 -
RealPage lawyer says nonpublic information leads to lower rents
On a call with reporters Monday, a company attorney said it aggregates and anonymizes data used in its pricing recommendations.
By Leslie Shaver • Aug. 27, 2024 -
REIT Report
3 things to know from Camden’s 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 ImagesREIT Report
Bad 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 -
REIT Report
MAA in the ‘worst of the storm’ 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 -
REIT Report
Essex predicts West Coast rebound
The California-based REIT increased NOI and revenue guidance for 2024.
By Leslie Shaver • Aug. 12, 2024 -
REIT Report
UDR 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 -
Apartmentalize 2024
How the right unit amenities can boost rent
Examining a property’s unit pricing can help managers find new revenue sources, according to panelists at Apartmentalize.
By Mary Salmonsen • Aug. 6, 2024 -
5 things to think about when you decide to centralize
Moving functions off-site may bring benefits, but it's not without hurdles. Here's what operators need to know.
By Leslie Shaver • Aug. 6, 2024 -
REIT Report
EQR 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 -
Rent growth starts to rebound in some Sun Belt markets
The national average rent rose for the sixth straight month in July, according to Yardi Matrix.
By Mary Salmonsen • Aug. 5, 2024 -
Q&A
Investor 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 -
Market tightness hits 2-year high
While vacancies are still rising and rent growth is low, some pros feel the market is at a turning point, according to the NMHC’s sentiment survey.
By Mary Salmonsen • July 25, 2024 -
DOJ reportedly planning RealPage civil suit
The Justice Department is probing the exchange of pricing information and even vacancy rates, according to Politico.
By Leslie Shaver • July 17, 2024 -
Despite headwinds, rent growth remains positive
Rents rose 1.5% in the first half of 2024 and 1% in the second quarter, trending below the historical average.
By Mary Salmonsen • July 12, 2024