Transactions: Page 7
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MSCI: Cap rates increase 50 bps to 5.4%
Transaction volume fell almost 50% year over year to $4.5 billion.
By Leslie Shaver • May 28, 2024 -
Permission granted by Harbor Group International
Q&AHarbor Group eyes more buys
The nation’s No. 19 apartment owner thinks the window is open to acquire newly built assets.
By Leslie Shaver • May 21, 2024 -
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REIT ReportRenewal and new lease rates diverge for MAA
The REIT’s existing residents paid 5% more YOY in Q1, but supply pushed new rents down 6.2%.
By Leslie Shaver • May 20, 2024 -
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Trepp: Servicing rate passes 5% for first time in 7 years
Apartment distress also jumped in April, according to Cred iQ.
By Leslie Shaver • May 17, 2024 -
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Another massive San Fran portfolio heading back to its lender
Goldman Sachs and Ballast Investments are expected to hand 1,200 apartments to RBC Real Estate Capital Corp.
By Leslie Shaver • May 16, 2024 -
Permission granted by Bell Partners
DEALS + STARTSBell buys 492-unit property in Southern California for $146M
The addition of Bell Murrieta Springs gives the owner and operator 11 properties in the region.
By Leslie Shaver • May 15, 2024 -
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REIT ReportUDR plans to back off of high occupancy to boost rents
Despite solid results, the REIT isn’t raising its full-year guidance.
By Leslie Shaver • May 13, 2024 -
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DEALS + STARTSAmerican Landmark grabs a 444-unit deal in Tampa
The apartment owner was able to secure lower insurance than its competitors, which helped it purchase the waterfront property.
By Leslie Shaver • May 13, 2024 -
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Essex assumes ownership of California asset
The REIT had provided a $14.7 million preferred investment in the 75-unit community in Sunnyvale.
By Leslie Shaver • May 9, 2024 -
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REIT ReportEssex raises revenue guidance
Improvement in delinquencies helped power the REIT’s better-than-expected first-quarter numbers.
By Leslie Shaver • May 8, 2024 -
Permission granted by Bozzuto
DEALS + STARTSBozzuto makes first acquisition in 16 years with Gables purchase
With development becoming more difficult to underwrite, the company is focused on buying stabilized properties on the East Coast.
By Leslie Shaver • May 7, 2024 -
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REIT ReportAVB beats estimates, raises guidance
Strong occupancy and low move-outs to buy homes gave the REIT pricing power into spring leasing season.
By Leslie Shaver • May 6, 2024 -
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MLG Capital uses unique approach to make $51M buy in Denver
The Wisconsin-based firm bought Lowry North in a transaction that provided tax benefits to the seller.
By Leslie Shaver • May 3, 2024 -
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$1.5B San Francisco loan heads to servicing
Maximus Real Estate Partners owns Parkmerced, a 3,221-unit housing complex in San Francisco.
By Leslie Shaver • April 30, 2024 -
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Washington, DC, apartment building heads to auction
Ranger Properties’ new 110-unit project in the Union Market neighborhood was recently foreclosed upon.
By Leslie Shaver • April 29, 2024 -
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KKR buys student portfolio from Blackstone for $1.64B
With this acquisition, University Partners will have more than 25,000 units under management.
By Leslie Shaver • April 26, 2024 -
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Atlanta office conversion goes to foreclosure
An affiliate of Plano, Texas-based Wolfe Investments took out a $20 million loan on 41 Marietta St. in July 2021.
By Leslie Shaver • April 24, 2024 -
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Multifamily deal volume drops 25%
The apartment sector has posted year-over-year transaction declines for seven consecutive quarters.
By Leslie Shaver • April 23, 2024 -
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Apartment starts fall more than 43%
Completions rose 4.6% as developers added more than 500,000 units in March.
By Leslie Shaver • April 23, 2024 -
Permission granted by Berkadia
DEALS + STARTSSan Diego-area apartment trades for $82M
Jackson Square Properties sold a 233-unit community in Chula Vista to Pacific Urban Investors.
By Leslie Shaver • April 18, 2024 -
Permission granted by Apartment Income REIT Corp
4 questions about the Blackstone-AIR deal
Analysts talk about the implications of last week's acquisition and the potential for more M&A on the horizon.
By Leslie Shaver • April 17, 2024 -
Permission granted by Bryten Real Estate Partners
MEB Management Services merges with Weller
The combined company, Bryten Real Estate Partners, will operate nearly 47,000 units across the U.S.
By Leslie Shaver • April 16, 2024 -
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S&P puts AIR on watch after Blackstone deal
The rating agency is concerned that the investment manager is “likely to continue to saddle aggressive debt leverage upon its portfolio companies.”
By Leslie Shaver • April 16, 2024 -
Permission granted by Hines
Hines enters the BTR market
The Houston-based CRE giant believes the sector will thrive during the “higher-for-longer” interest rate environment.
By Leslie Shaver • April 12, 2024 -
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DEALS + STARTS
RPM Living pays $85M for Atlanta-area asset
The Austin, Texas-based firm bought the 407-unit apartment complex from Willow Bridge Property Co.
By Leslie Shaver • April 11, 2024
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