Transactions: Page 13

  • 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
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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
  • 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
  • Brick apartment building with grass in the foreground.
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    Permission granted by BH Properties
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    Q&A

    Los Angeles owner launches $1B initiative to buy affordable housing

    BH Properties brought in Bill Stoll from Steadfast Cos. to help find new properties that have completed their 15-year compliance period.

    By • Aug. 10, 2023
  • A view of an office building from below, surrounded by other tall towers.
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    Joe Woolhead

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    DEALS + STARTS

    Manhattan office tower purchased for $172.5M for apartment conversion

    Silverstein Properties, Metro Loft Management and CetraRuddy will redesign 55 Broad Street into 571 apartments.

    By • Aug. 9, 2023
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    lucadp via Getty Images
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    REIT Report

    EQR reports supply pressure in some cities, strong results in others

    Though the Chicago-based REIT made a couple of purchases in Q2, it sees a slow transaction market overall.

    By • Aug. 9, 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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    lucky-photographer via Getty Images
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    REIT Report

    MAA begins to see expense relief

    A new law in Texas should offer property tax savings, but new supply remains a concern in some areas.

    By • Aug. 2, 2023
  • White and brown five-story apartment buildings with street in front and to the right.
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    Permission granted by Northland
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    DEALS + STARTS

    Northland makes ninth acquisition in Georgia since entering the state in 2020

    The company assumed existing financing on Glenwood at Grant Park.

    By • Aug. 1, 2023
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    SunnyVMD via Getty Images
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    Multifamily firms announce new hires, despite layoffs at others

    Eastwind, NRP and Ashland Greene, among others, have beefed up their teams in recent weeks.

    By • Aug. 1, 2023
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    Nastassia Samal via Getty Images
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    RMR Group to acquire Carroll for $80M

    With the all-cash purchase, asset manager RMR enters the only major commercial real estate sector in which it did not already have a significant presence.

    By , • July 31, 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 fall 11.2% YOY

    Permits fell 33%, while completions of five or more units also declined in June.

    By • July 28, 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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    Rate hike will put pressure on some multifamily assets

    Policymakers chose to raise interest rates to a range between 5.25% to 5.5% — the highest since 2001.

    By • July 27, 2023
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    iStock/Getty via Getty Images
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    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
  • Apartment high-rise with floor-to-ceiling glass units.
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    Permission granted by The RADCO Cos.
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    Q&A

    RADCO exec discusses plan to reach 25,000 units

    Centralization and AI will play key roles as the Atlanta-based company looks to grow through acquisitions, says Chris Simon.

    By • July 25, 2023
  • Houses in a shopping cart and easel red prohibition sign NO.
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    Andrii Yalanskyi via Getty Images
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    MSCI: Sales volume plummets 72%

    Apartment prices fell 11.7% in Q2, which was the biggest decline among all major commercial property sectors.

    By • July 24, 2023
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    Permission granted by Brazos Residential
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    DEALS + STARTS

    After a buying spree in 2022, Brazos picks up 2 more Texas properties

    The company founded by brokerage veterans William Hancock and James Roberts has secured all its properties in off-market purchases.

    By • July 19, 2023
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    Mikey_Man via Getty Images
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    Insurance Issues

    Rising insurance costs could force apartment sales, threaten new development

    Premium increases create a host of issues for multifamily executives, who are already struggling with multiple financial challenges.

    By • July 18, 2023
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    olaser via Getty Images
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    Trepp: Troubled multifamily loans help push CRE servicing rate higher

    The percentage of delinquent apartment loans also rose.

    By • July 17, 2023
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    DKosig via Getty Images
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    UDR’s LaSalle deal shows continued appetite from international investors, analysts say

    The REIT will seed a $510 million joint venture with LaSalle Investment Management with four properties.

    By • July 13, 2023
  • Bell Partners' Bell Warner Center, which Bell acquired in September 2021.
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    Permission granted by Bell Partners
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    Lili Dunn sees a lot of ‘dry powder’ for apartment investments

    The CEO of Bell Partners is eyeing opportunities after the company closed a value-add fund.

    By • July 5, 2023
  • Apartment community with water in the foreground..
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    Permission granted by Atlas Real Estate Partners
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    DEALS + STARTS

    Atlas grabs a value-add deal in a booming Savannah, Georgia, submarket

    With a bustling port nearby and a $5.5 billion Hyundai plant on the way, the Pooler area is seeing rapid job growth.

    By • June 27, 2023
  • The evening sun is reflected in the modern apartment building with balconies.
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    deepblue4you via Getty Images
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    Apartment sales continue their descent

    Transactions fell 79% year over year, while prices declined 12.5%.

    By • June 26, 2023
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    Gian Lorenzo Ferretti Photography via Getty Images
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    Luxury NYC apartment property goes to servicing

    Although The Aire faces issues, multifamily CMBS servicing and delinquency rates have dropped recently.

    By • June 26, 2023