Rents: Page 2
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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 Mary Salmonsen • Sept. 20, 2023 -
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 Leslie Shaver • Sept. 19, 2023 -
Explore the Trendline➔
Grand Warszawski via Getty ImagesTrendlineRent Trends
Seasonality, supply, concessions and more are top of mind for rental owners and operators across the country.
By Multifamily Dive staff -
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 Leslie Shaver • Sept. 14, 2023 -
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 Mary Salmonsen • Sept. 12, 2023 -
DEALS + STARTS
Draper and Kramer moves into Austin
The Chicago-based owner assumed the loan on the 307-unit Griffis at Riata.
By Leslie Shaver • Sept. 7, 2023 -
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 -
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 Mary Salmonsen • Sept. 5, 2023 -
REITs report decelerating rent growth
REITs show strength on the East Coast, but see less growth in the Sun Belt.
By Leslie Shaver • Aug. 31, 2023 -
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 Mary Salmonsen • Aug. 30, 2023 -
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 Leslie Shaver • Aug. 29, 2023 -
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 Leslie Shaver • Aug. 25, 2023 -
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 Mary Salmonsen • Aug. 25, 2023 -
PROJECT SPOTLIGHT
New developer opens single-family rentals near Madison, Wisconsin
Heyday Sun Prairie is the first project for the Chicago-area firm.
By Mary Salmonsen • Aug. 23, 2023 -
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 Leslie Shaver • Aug. 21, 2023 -
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 Leslie Shaver • Aug. 18, 2023 -
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 Leslie Shaver • Aug. 16, 2023 -
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 Mary Salmonsen • Aug. 14, 2023 -
REIT Report
Essex raises rent guidance as tech layoff fears subside
The REIT saw sluggishness in Seattle while Southern California thrived.
By Leslie Shaver • Aug. 14, 2023 -
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 Leslie Shaver • Aug. 11, 2023 -
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 Mary Salmonsen • Aug. 11, 2023 -
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 Leslie Shaver • Aug. 7, 2023 -
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 Leslie Shaver • Aug. 3, 2023 -
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 -
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 Mary Salmonsen • July 25, 2023 -
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 Mary Salmonsen • July 20, 2023