Transactions: Page 19
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Permission granted by Bonaventure
DEALS + STARTSBonaventure secures 2 Virginia properties by assuming existing below-market loans
The alternative asset manager is focused on working with owners who need creative solutions because of their partnership constraints or tax positions.
By Leslie Shaver • Oct. 14, 2022 -
Permission granted by Investors Management Group
DEALS + STARTSIMG grabs more units in under-the-radar South Carolina market
The Millennium Apartments appealed to CEO Neil Schimmel because of its upside potential and “excellent price per pound.”
By Leslie Shaver • Oct. 10, 2022 -
Permission granted by Monument Capital Management
DEALS + STARTSAlex Rodriguez-founded company makes another bet on Minneapolis
Monument Capital Management has completed its eighth deal in the city, giving it more than 1,000 units in the region.
By Leslie Shaver • Oct. 6, 2022 -
Maks_Lab via Getty Images
RealPage acquires Knock CRM
The acquisition allows RealPage to deliver a front-office platform that supports centralized leasing.
By Leslie Shaver • Oct. 5, 2022 -
Permission granted by Middleburg Communities
This small firm aims to manage 75,000 units in the next 2 years
Virginia-based Middleburg Communities is aggressively pursuing other property management firms.
By Leslie Shaver • Oct. 3, 2022 -
simpson33 via Getty Images
Apartment deal volume falls 26% in August
MSCI says cap rates fell 30 basis points YOY to an average of 4.7%.
By Leslie Shaver • Sept. 26, 2022 -
Permission granted by Morgan Properties
Just how high have cap rates jumped?
Observers say they’ve moved up into the 4% to more than 5% range, but more deals need to happen to get an exact read on values.
By Leslie Shaver • Sept. 21, 2022 -
Permission granted by Poplar Homes
SFR manager Poplar Homes enters the apartment business
By acquiring 33 Realty’s property management arm, the Cupertino, California-based proptech company grows geographically.
By Leslie Shaver • Sept. 19, 2022 -
BernardaSv via Getty Images
August’s largest multifamily delinquencies
Trepp’s list of the five largest troubled loans includes a student property in Alabama, a rent-restricted property in New York City and a fractured condo in Philadelphia.
By Leslie Shaver • Sept. 19, 2022 -
designer491 via Getty Images
Increasing number of CMBS loans move into servicing
The multifamily delinquency rate also rose in August as capital markets’ volatility muddied the long-term picture.
By Leslie Shaver • Sept. 13, 2022 -
Permission granted by Hines
DEALS + STARTSHines makes second-largest purchase in South Florida history
After tracking Gables Station since February, Hines closed on the property in July after another buyer dropped out.
By Leslie Shaver • Sept. 9, 2022 -
Permission granted by Blackfin Real Estate Investors
DEALS + STARTSBlackfin sells Charlotte-area apartments for $78M
The Virginia-based owner bought the over-50-year-old property for $19 million in 2017.
By Leslie Shaver • Sept. 6, 2022 -
Motortion via Getty Images
Landmark teams up with investment firm to create $2B build-to-core student housing joint venture
This is just the latest deal between the country’s largest student housing developer and the Abu Dhabi Investment Authority.
By Leslie Shaver • Sept. 6, 2022 -
Mario Tama via Getty Images
Blackstone’s SFR arm pulls back on home purchases
Home Partners of America will pause acquisitions in 38 markets.
By Leslie Shaver • Sept. 2, 2022 -
Win McNamee via Getty Images
FHFA asks for feedback on Fannie and Freddie affordability requirements
One observer thinks changing the benchmark levels from the total number of affordable units to the percentage of affordable units will force more focus on affordability.
By Leslie Shaver • Aug. 31, 2022 -
Permission granted by The Jacobson Co
Q&AHow one executive bridges the gap between entertainment and real estate
Larry Jacobson partners with high-net-worth investors to make value-add buys.
By Leslie Shaver • Aug. 30, 2022 -
Joe Raedle via Getty Images
DAMAC finalizes deal for Champlain Towers land
The Dubai-based developer paid nearly $120 million to purchase the almost 2-acre beachfront property in Surfside, Florida.
By Leslie Shaver • Aug. 30, 2022 -
Permission granted by Beacon Real Estate Group
Q&AHow one owner incorporates business intel to enhance portfolio management
Florida-based Beacon Real Estate Group invests in technology that helps it work with operators.
By Leslie Shaver • Aug. 29, 2022 -
courtneyk via Getty Images
Related files suit against furnished apartment provider
The New York City-based apartment owner claims that Furnished Quarters owes it more than $2 million.
By Leslie Shaver • Aug. 24, 2022 -
Permission granted by Odyssey Properties Group
DEALS + STARTSOdyssey Properties acquires 304 units in Florida
The Los Angeles-based firm bought two properties for $53 million.
By Leslie Shaver • Aug. 22, 2022 -
Permission granted by Excelsa Properties
Q&AA slowing market may allow this owner to make more deals
As rising rates weed out some buyers, Excelsa sees the opportunity to make acquisitions.
By Leslie Shaver • Aug. 22, 2022 -
fizkes via Getty Images
Borrowers bring more money to the table as interest rates rise
Loan-to-value ratios are dropping and it's taking more work to close loans.
By Leslie Shaver • Aug. 22, 2022 -
Mario Tama via Getty Images
Institutions to own 40% of SFRs by 2030
As large owners grab a greater share of single-family rentals, deliveries should hit an all-time high later this year.
By Leslie Shaver • Aug. 17, 2022 -
pinstock via Getty Images
Apartment buyers must work harder to get loans
In the current economic climate, owners say the number of lenders open for business has declined dramatically.
By Leslie Shaver • Aug. 15, 2022 -
Eugene Zvonkov via Getty Images
Deep DiveInterest rate increases put apartment refinancing at risk
As owners go back to lenders, they will need to bring more cash to the table.
By Leslie Shaver • Aug. 15, 2022
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