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OUTLOOK 2023
Finding a loan will be more difficult in 2023
The agencies remain in the game, but questions surround other debt sources.
By Leslie Shaver • Jan. 27, 2023 -
DEALS + STARTS
Lynd Group sells Colorado property for $67.5M
The company received a 31.5% internal rate of return and an equity multiple of 1.8 times.
By Leslie Shaver • Jan. 26, 2023 -
Chetrit Group looks to reduce debt in its troubled 43-property portfolio
The New York City–based company is under contract to sell 12 of its assets.
By Leslie Shaver • Jan. 24, 2023 -
OUTLOOK 2023
3 reasons why labor, material and land prices may ease in 2023
Construction costs for developers should moderate this year, experts say.
By Leslie Shaver • Jan. 23, 2023 -
Apartment sales volume drops 17% in 2022
Prices also fell from November to December.
By Leslie Shaver • Jan. 20, 2023 -
$448M loan backing 62 San Francisco properties goes into default
Veritas, the city’s biggest landlord, is looking for a partner to help recapitalize the assets.
By Leslie Shaver • Jan. 20, 2023 -
DEALS + STARTS
Fogelman makes a purchase near the University of Georgia
The Memphis, Tennessee-based firm acquired 1,660 units, totaling $291 million, in 2022.
By Leslie Shaver • Jan. 19, 2023 -
2 longtime DC real estate firms join forces
By acquiring Borger, Donohoe adds a residential management division.
By Leslie Shaver • Jan. 18, 2023 -
Flexible rent payment options gain popularity as affordability decreases
Buy now, pay later programs save property managers time and help struggling renters stay up to date.
By Robyn Griggs Lawrence • Jan. 17, 2023 -
OUTLOOK 2023
Apartment investors look for discounts in 2023
With $249 billion in debt maturing in the next two years, some owners may have to sell regardless of whether they’re ready.
By Leslie Shaver • Jan. 17, 2023 -
DEALS + STARTS
Trion scores 37% rate of return on Oregon deal
The company sold Fox Meadows in Portland for $19.35 million after holding it for two years.
By Leslie Shaver • Jan. 12, 2023 -
CMBS delinquency rate rises in December
Multifamily’s 36-basis-point increase topped all commercial real estate sectors.
By Leslie Shaver • Jan. 10, 2023 -
Q&A
Dallas developer takes ‘pet friendly’ to the next level
Steve Bardack’s Fidus Pet Concierge Communities aims to purchase and renovate garden-style properties with pet-friendly features.
By Leslie Shaver • Jan. 6, 2023 -
November deal volume drops almost 75%
Prices rise year over year as owners hold onto their properties.
By Leslie Shaver • Jan. 5, 2023 -
UC Investments injects $4B into Blackstone’s REIT
Blackstone will contribute $1 billion of its current BREIT holdings to a strategic venture with the University of California’s investment arm.
By Leslie Shaver • Jan. 4, 2023 -
Multifamily loans top $2 trillion for the first time
The inventory of multifamily loans for the GSEs, life insurers, banks and thrifts, and securitization vehicles rose in the third quarter.
By Leslie Shaver • Jan. 4, 2023 -
DEALS + STARTS
Flexibility helps Los Angeles investor enter the Vegas market
Banyan Residential acquires 133 townhomes in a $61 million deal.
By Leslie Shaver • Jan. 3, 2023 -
Lennar postpones plans to spin off multifamily subsidiary
The builder is going to "wait for the right timing" to spin off Quarterra, according to CEO Stuart Miller.
By Leslie Shaver • Dec. 21, 2022 -
Blackstone says it won’t force asset sales from BREIT
News that the firm was limiting withdrawals from its $69 billion real estate income trust has led to speculation among multifamily watchers.
By Leslie Shaver • Dec. 14, 2022 -
Multifamily servicing rates continue to increase
The overall CRE servicing rate increased for the fourth month in a row.
By Leslie Shaver • Dec. 14, 2022 -
DEALS + STARTS
Milestone acquires 870 units in Northern Virginia
By assuming the existing financing, the Dallas firm purchased three properties in Fairfax County.
By Leslie Shaver • Dec. 9, 2022 -
Small signs point to increasing delinquency rates
Fannie Mae sees late loan payments decrease while they rise for Freddie Mac.
By Leslie Shaver • Dec. 8, 2022 -
Apartment transactions plummet
The sales market won't take off until interest rates stabilize, says CBRE exec.
By Leslie Shaver • Dec. 6, 2022 -
DEALS + STARTS
How one owner scored a large profit on a Florida property
Buying at the right time, property renovations and strong growth in Naples, Florida, helped Atlas.
By Leslie Shaver • Dec. 2, 2022 -
Material costs decline after 18 months of record highs
Prices for most commodities have fallen significantly over the last two months, with the exception of ready-mix concrete.
By Mary Salmonsen • Dec. 1, 2022