Centerspace’s new CEO outlines her priorities

Anne Olson’s first focus will be property operations and centralization.

By Leslie Shaver • May 9, 2023

Bank failures make construction loans even more challenging

The lending environment has grown more treacherous after last year’s interest rate hikes and could dampen new starts by 60%, according to Ric Campo.

By Leslie Shaver • May 8, 2023

UDR reports same-store NOI growth of 11.7%

Executives noted that new supply is forcing concessions in certain Southeastern markets.

By Leslie Shaver • May 5, 2023

The multifamily industry’s top firms

From syndicators and owners to builders and managers, these rankings from the National Multifamily Housing Council are much anticipated each year.

By Leslie Shaver • May 4, 2023

3 trends driving MAA’s performance

The REIT’s portfolio is insulated from new supply, CEO Eric Bolton said on last week’s earnings call.

By Leslie Shaver • May 3, 2023

Failed First Republic was San Francisco’s most active apartment lender

In Q1, the bank financed eight deals, constituting 40% of San Francisco’s volume, according to Colliers.

By Leslie Shaver • May 2, 2023

Post Road Management adds 1,002 units in Kansas

After acquiring 11 properties in Wichita, the firm operates over 16,000 units across 13 states.

By Leslie Shaver • May 1, 2023

Equity Residential’s same-store revenue is better than anticipated

New York posts 19% growth, but California floods drive up expenses and San Francisco and Seattle struggle with concessions.

By Leslie Shaver • April 28, 2023

MBA: Multifamily mortgage delinquency rates increased in Q1

The apartment sector still has fewer problem loans than other CRE asset classes.

By Leslie Shaver • April 28, 2023

Multifamily prices drop more than other CRE sectors

Apartment sales volume fell 64% from last year’s record high.

By Leslie Shaver • April 24, 2023

Report: Prepare for a debt ceiling crisis

J.P. Morgan recommends that owners have a cushion and try to refinance to prepare for potential economic shockwaves over the U.S. debt limit.

By Leslie Shaver • April 24, 2023

One of New York City’s last women-only apartment buildings sells for $52M

Brooklyn-based Educational Housing Services now owns the 376-unit Webster Apartments in midtown Manhattan.

By Mary Salmonsen • April 24, 2023

Texas foreclosures foreshadow Class C troubles

The Applesway Investment Group portfolio suffered from neglect and changing market conditions.

By Leslie Shaver • April 24, 2023

Beacon nabs 2 newly completed projects

The company adds to its portfolio with two projects near Atlanta.

By Leslie Shaver • April 19, 2023

CBRE: Apartment going-in cap rate expansion slowing

Underwriting is beginning to stabilize after three quarters of increases of more than 35 basis points.

By Leslie Shaver • April 18, 2023

Multifamily CMBS delinquencies, servicing transfers continue to rise

The percentage of loans transferred has nearly doubled over the past year.

By Leslie Shaver • April 14, 2023

Madison Avenue tower’s quadruplex penthouse sells for $67.8M

The Bellemont, designed by Robert A.M. Stern Architects, comprises 11 sold-out units on New York’s Upper East Side.

By Mary Salmonsen • April 13, 2023

Boston Financial stays atop NMHC syndicator list

Though portfolios remain relatively stable, some see a need for more tax credits.

By Leslie Shaver • April 13, 2023

4 ways that recent banking failures will impact the multifamily sector

After the collapse of Silicon Valley Bank and Signature, multifamily borrowers could face challenges finding construction debt and loans from smaller lenders.

By Leslie Shaver • April 12, 2023

MAA takes the No. 1 spot on NMHC’s Top 50 Owners list

Greystar jumped from the sixth spot to second in the 2023 ranking.

By Leslie Shaver • April 10, 2023

Bonaventure adds 3 more properties

The company used the UPREIT structure to make the acquisitions in a difficult environment.

By Leslie Shaver • April 10, 2023

How Campus Apartments navigates the volatile transaction market

The student housing firm closed more than $650 million in transactions last year and is pursuing other deals in 2023.

By Leslie Shaver • April 4, 2023

Centerspace sells 9 Midwestern communities for $144M

With the disposition of more than 1,500 units in Minnesota and Nebraska, the REIT has reduced its debt.

By Leslie Shaver • April 3, 2023

TruAmerica promotes 5 to senior executive positions

The leaders will help the company expand in Texas and the Midwest.

By Leslie Shaver • March 31, 2023

Waterton re-enters Seattle with the purchase of 123-unit property

As groups that have to raise equity or syndications faded from the market, the Chicago-based firm saw an opportunity.

By Leslie Shaver • March 30, 2023