Transactions: Page 12

  • Brick and silver, four-story apartment building
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    Permission granted by CP Capital
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    DEALS + STARTS

    CP Capital’s suburban strategy pays off in Chicago

    Tax issues slowed the sale of The Monarch, but the firm was still satisfied with the outcome.

    By • Sept. 25, 2023
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    crbellette via Getty Images
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    Apartment execs react to another interest rate pause

    The multifamily market seeks stability, but another increase looms on the horizon.

    By • Sept. 25, 2023
  • Exterior view of multifamily residential building under construction.
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    Sundry Photography via Getty Images
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    Starts plummet 41%

    Permits for five-plus-unit buildings also dropped last month, while completions picked up as developers finished off existing projects.

    By • Sept. 21, 2023
  • Aerial panoramic cityscape view of San Francisco skyline with high rises and water to the right.
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    heyengel via Getty Images
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    San Francisco apartments face financial challenges

    One-third of the apartment properties on Trepp’s delinquency watchlist are in the city.

    By • Sept. 20, 2023
  • City skyline with high rises.
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    f11photo via Getty Images
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    DEALS + STARTS

    UDR buys 6 properties in Texas for $402M

    The deal shows how companies with centralized platforms can squeeze extra efficiencies out of new acquisitions.

    By • Sept. 18, 2023
  • A block of apartment complexes
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    Arturo Rosenow via Getty Images
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    Returns for apartments continue to fall

    A report from NCREIF ranks the areas of the country with the most and least returns for multifamily investors.

    By • Sept. 18, 2023
  • Modern, detached white and grey homes with a street in the foreground.
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    Permission granted by Embrey Partners
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    Q&A

    Texas developer leverages construction pipeline to beef up its management platform

    Embrey Partners is also building out its third-party platform and weighing the role of centralization.

    By • Sept. 15, 2023
  • Grey, three-atory apartments with aluminum siding
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    Permission granted by Plenty of Places Apartment Homes
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    DEALS + STARTS

    Why this California investor is shifting to newer apartment properties

    Plenty of Places Apartment Homes sees value-add returns shrinking and an opportunity to cater to residents' needs.

    By • Sept. 13, 2023
  • Modern, four-story apartment building with trees in the foreground.
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    Permission granted by RangeWater
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    RangeWater hits 100,000 units

    A senior executive with the Atlanta-based firm explains what drove its growth.

    By • Sept. 13, 2023
  • Three wooden blocks of varying heights with the percentage stamped on the end of each one.
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    Andrii Yalanskyi via Getty Images
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    Q&A

    How a private investor adjusted its strategy in search of mid-teens returns

    Kingbird’s new president is looking at equity and mezz opportunities in this shifting market.

    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
  • Freddie Mac's headquarters' signage
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    Chip Somodevilla via Getty Images
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    Freddie Mac Multifamily names new Targeted Affordable Housing exec

    Peter Lillestolen will oversee low-income housing tax credit equity and structured transactions for both conventional and TAH.

    By • Sept. 6, 2023
  • Tan, four-story apartment with street in the foreground.
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    Permission granted by The Davis Cos.
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    Q&A

    Boston-based owner looks to triple its portfolio within the next few years

    The Davis Cos. plucked Mai Zhang from JBG Smith Properties to shepherd its apartment growth plans.

    By • Sept. 5, 2023
  • Modern three-story apartment building with balconies and a pool between buildings.
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    Permission granted by Bell Partners
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    DEALS + STARTS

    Bell adds properties in Texas, Florida and North Carolina

    The apartment owner plans to upgrade the properties as it continues to secure financing despite a volatile lending environment.

    By • Sept. 5, 2023
  • American flags in front of marble building
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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
  • 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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    SunnyVMD via Getty Images
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    REIT Report

    NexPoint aims to pay off a credit facility with 2 Texas sales

    The REIT plans more Sun Belt sales as it seeks to reduce leverage and buy back stock.

    By • Aug. 29, 2023
  • Grey, modern apartment building
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    Permission granted by Mill Creek Residential
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    DEALS + STARTS

    Mill Creek adds a property in Colorado

    The developer and owner assumed the fixed-rate financing at Modera Art Park, which it bought from Carmel Partners.

    By • Aug. 28, 2023
  • Tan, brick apartments with the words "The Parker" above the entrance.
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    Permission granted by Waterton
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    Waterton returns to Portland, Oregon

    After reentering Seattle earlier this year, the owner picked up a 177-unit property in another Pacific Northwest metro.

    By • Aug. 23, 2023
  • Crane and building under construction against blue sky
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    unkas_photo via Getty Images
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    Permits for 5-plus units plummet 32%

    While multifamily developers started roughly the same number of projects a year ago, completions fell 23%.

    By • Aug. 22, 2023
  • Wall Street sign
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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
  • delinquent loan inscription, calculator and money
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    designer491 via Getty Images
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    Trepp: Multifamily CMBS delinquencies rise, but properties in servicing decline

    Though the percentage of apartment communities facing financial challenges has risen over the past year, executives still aren’t seeing a lot of distressed sales.

    By • Aug. 17, 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
  • White apartment building with palm trees in the foreground.
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    Permission granted by Eastwind Development
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    Q&A

    How Eastwind is navigating Florida’s difficult development market

    New legislation combined with interest rate hikes and rising material costs make penciling out new deals difficult, Florida developer says.

    By • Aug. 15, 2023
  • A block of apartment complexes
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    Arturo Rosenow via Getty Images
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    Opinion

    Despite a sobering Q2, the future looks bright for owners, developers

    As the second half of the year gets underway, the multifamily sector will remain strong despite several sizable headwinds, writes fund management expert Marshall Boyd.

    By Marshall Boyd • Aug. 15, 2023