Transactions: Page 10

  • A sign in front of a luxury apartment building
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    Permission granted by Crescent Communiities
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    DEALS + STARTS

    December deals: 2023’s last-minute apartment transactions

    Here’s a roundup of the largest sales that occurred at the tail end of last year.

    By • Jan. 3, 2024
  • The evening sun is reflected in the modern apartment building with balconies.
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    deepblue4you via Getty Images
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    MSCI: Apartment sales fall to $5.1B

    Multifamily transactions declined 68% year over year, while prices dropped 12.1%.

    By • Jan. 3, 2024
  • Atlanta skyline over Piedmont Park
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    Marilyn Nieves via Getty Images
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    DEALS + STARTS

    EQR acquires 2 Atlanta-area properties for $179.7M

    The REIT bought a brand-new apartment community in Suwanee, Georgia, and a 2019 asset in Decatur.

    By • Dec. 21, 2023
  • Angle view of an apartment building with a cloudy sky.
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    Kirpal Kooner via Getty Images
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    Multifamily debt tops $2 trillion

    CMBS providers have a smaller share of apartment loans, according to a new report.

    By • Dec. 20, 2023
  • Four-story brown apartment building with a pool on the foreground.
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    Permission granted by JPI
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    8 of 2023’s top deals

    Sumitomo Forestry America’s acquisition of the operating platform of apartment developer JPI stood out in a slow year, ranking as one of the biggest transactions in the last 12 months.

    By • Dec. 20, 2023
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    Permission granted by Courtesy Lennar/Quarterra Group Inc.
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    Lennar looks to sell 11,000 apartments reportedly worth $4.5B total

    The home builder is open to breaking up the portfolio, according to Bloomberg.

    By • Dec. 18, 2023
  • The words Federal Reserve engraved in a marble building with an eagle above.
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    Douglas Rissing via Getty Images
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    Multifamily leaders welcome possible rate cuts

    The Federal Reserve’s announcement last week has executives hopeful that transactions could pick up.

    By • Dec. 15, 2023
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    deepblue4you via Getty Images
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    CMBS apartment loans going to servicing rise 12 basis points

    However, Trepp said delinquencies fell during the month, and CRED iQ reported an overall decline in apartment distress.

    By • Dec. 14, 2023
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    Jean Burbano via Getty Images
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    DEALS + STARTS

    AvalonBay acquires properties in North Carolina, Texas

    The REIT plans to increase returns through operational efficiencies and light value-add upgrades.

    By • Dec. 12, 2023
  • A two-level, multi-colored rental housing building with garages.
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    Permission granted by Gray Capital
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    Q&A

    Why Gray Capital is moving to pref equity

    The Indiana owner and operator is “inundated” with owners looking for funds.

    By • Dec. 11, 2023
  • Five-story brown, modern apartment building with balconies on the corner.
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    Permission granted by JPI
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    JPI-Sumitomo deal closes

    Sumitomo’s projects would make it the No. 6 developer in the country.

    By • Dec. 11, 2023
  • Brown, two story apartments surrounded by trees and flowers
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    Permission granted by Interstate Equities Corporation
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    DEALS + STARTS

    California owner buys 3 West Coast properties for $68M

    Interstate Equities Corp. plans to upgrade the communities.

    By • Dec. 7, 2023
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    Laser1987 via Getty Images
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    Developer files for bankruptcy on California project

    In addition to the 180-unit deal in Van Nuys, FMB Development defaulted on a Los Angeles project in October.

    By • Dec. 6, 2023
  • An aerial view of the downtown skyline and surrounding metropolitan area of Houston.
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    Art Wager via Getty Images
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    Property built in 2006 heads to auction in Houston

    Austin-based GVA Real Estate Group reportedly owns the 264-unit Retreat at Stafford.

    By • Dec. 4, 2023
  • A row of brightly colored apartments on a city street
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    Sundry Photography via Getty Images
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    Trepp: $352B in apartment loans will mature by 2027

    Most markets have seen problem loans increase since 2021, with Houston leading the way.

    By • Dec. 1, 2023
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    4kodiak via Getty Images
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    DEALS + STARTS

    MAA scores Phoenix property in lease-up for $102M in cash

    The REIT purchased the property for below-replacement costs, showing how all-cash buyers hold an advantage in the current environment.

    By • Nov. 29, 2023
  • A red construction frame in front of a high-rise building under construction.
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    JARAMA via Getty Images
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    Apartment starts plummet nearly 32%

    Completions of new buildings rose 14.3% as supply became a bigger issue in some markets.

    By • Nov. 27, 2023
  • Glass building with Fannie Mae sign.
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    Retrieved from Fannie Mae on November 20, 2023
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    FHFA reduces lending caps again for Fannie, Freddie

    Loans that support workforce housing will be exempt from the volume limits.

    By • Nov. 20, 2023
  • Mixed-use multifamily residential district area development with blue sunny sky background
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    Svetlana123 via Getty Images
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    MSCI: Apartment sales fall for 14th straight month

    Multifamily transactions declined 72% year over year to $6.2 billion, while prices dropped 13.7%.

    By • Nov. 17, 2023
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    franckreporter via Getty Images
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    REIT Report

    EQR reports strength on the East Coast

    Washington, New York City and Boston thrive, while Seattle and San Francisco struggle. 

    By • Nov. 16, 2023
  • Tan and brown brick apartment building with balconies
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    elxeneize via Getty Images
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    Multifamily originations fall 50%

    Fannie Mae and Freddie Mac see volume decline 27% in Q3, as underwriting remains difficult and transactions continue to drop.

    By • Nov. 16, 2023
  • Downtown skyline view of high-rise buildings in Phoenix, Arizona.
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    4kodiak via Getty Images
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    Phoenix office-to-apartment conversion goes to foreclosure

    The former BMO Harris bank tower could be auctioned later this month after the owner defaulted on a $71.3 million loan.

    By • Nov. 15, 2023
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    Pgiam via Getty Images
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    REIT Report

    Essex sees delinquencies drop in October

    The REIT predicts growth potential from tech jobs in its West Coast markets, with limited new supply competition.

    By • Nov. 14, 2023
  • Aerial view of white apartment building.
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    Permission granted by Eden Multifamily
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    DEALS + STARTS

    Eden sells new Florida property for $73M

    The developer was able to move the asset ahead of schedule without advertising widely.

    By • Nov. 9, 2023
  • Seal of the Board of Governors of the United States Federal Reserve System.
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    LD via Getty Images
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    Fed pause gives hope that deals could pick up

    After the central bank’s announcement last week, the 10-year Treasury fell 40 basis points from October’s high.

    By • Nov. 6, 2023