Transactions: Page 9
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Permission granted by Cushman & Wakefield
DEALS + STARTSNew property in Phoenix area sells for $66.5M
Developer Vedura Residential sold Elevation at the Village to RV resort, manufactured home and apartment operator Cal-Am Properties.
By Leslie Shaver • Feb. 28, 2024 -
JaysonPhotography via Getty Images
REIT ReportMAA sees new lease pricing improve after 7% fall
The REIT’s blended pricing rose 130 basis points in January, and the firm expects fundamentals to improve as the year plays out.
By Leslie Shaver • Feb. 26, 2024 -
Permission granted by Forum Investment Group
Q&AIs the sales market thawing?
Forum Investment Group’s Darren Fisk compares the environment to a “frozen lake in Minnesota” but thinks the ice may be starting to crack.
By Leslie Shaver • Feb. 23, 2024 -
ribeirorocha via Getty Images
Apartment starts fall 38%
Developers completed 538,000 units during January, a 53.7% YOY jump.
By Leslie Shaver • Feb. 22, 2024 -
Pgiam via Getty Images
REIT ReportEssex sees improvements in delinquencies
Although the REIT operates in relatively low-supply markets, it only expects 1.25% in rent growth.
By Leslie Shaver • Feb. 21, 2024 -
StockByM via Getty Images
Troubled NYC tower sold for $265M
Gotham Organization and Carlyle Group recently bought the Aire, a 310-unit luxury property on the Upper West Side.
By Leslie Shaver • Feb. 20, 2024 -
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REIT ReportUDR turns to defense
In addition to focusing on occupancy, the REIT is using AI to combat fraud.
By Leslie Shaver • Feb. 16, 2024 -
Permission granted by UDR
UDR assumes ownership of Mill Creek lease-up development in Oakland
The REIT had provided $45.2 million in preferred equity for the 173-unit asset.
By Leslie Shaver • Feb. 15, 2024 -
rabbit75_ist/iStock/Getty Images Plus via Getty Images
REIT ReportCamden expects a ‘transition year’ for supply, with the highest concessions in Nashville and Austin
Overall, the firm predicts property revenues to fall between 0.5% to 2.5%, with Southern California leading the way.
By Leslie Shaver • Feb. 14, 2024 -
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Lender forecloses on Greystar tower in Dallas
Areeif Lender W LLC, an affiliate of Ares Commercial Real Estate, has taken control of The Gabriella.
By Leslie Shaver • Feb. 13, 2024 -
Permission granted by Universe Holdings
DEALS + STARTSUniverse Holdings enters Tampa with $66M purchase
The Los Angeles-based firm bought Pearce at Pavilion in a transaction where it assumed the Fannie Mae loan.
By Leslie Shaver • Feb. 9, 2024 -
Permission granted by National Multifamily Housing Council
4 takeaways from the NMHC conference
The association’s packed event in San Diego last week featured lots of commentary about housing supply.
By Leslie Shaver • Feb. 6, 2024 -
Sundry Photography via Getty Images
MSCI: Apartment sales drop 61%
Pricing fell 8.4% in 2023, and cap rates rose for garden and mid- and high-rise properties.
By Leslie Shaver • Feb. 5, 2024 -
Permission granted by Standard Real Estate Investments
DEALS + STARTSStandard secures off-market deal in Chicago suburbs
The company bought the 416-unit workforce asset in Naperville from Pensam Capital.
By Leslie Shaver • Feb. 2, 2024 -
Permission granted by Greystar
Greystar to take over Wood’s management operations
The largest apartment operator in the country will manage all current and future projects from the Atlanta-based developer.
By Leslie Shaver • Feb. 2, 2024 -
Permission granted by JPI
DEALS + STARTSJPI partners with Kroger for a project in Lewisville, Texas
In another deal, the developer will build a workforce project in Ft. Worth.
By Leslie Shaver • Jan. 31, 2024 -
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Fitch: Multifamily CMBS delinquencies to double in 2024
Heightened levels of new supply, slowing revenue growth and higher expenses will challenge apartments.
By Leslie Shaver • Jan. 29, 2024 -
Courtesy of TSB Realty
EXECUTIVE MOVESStudent housing developer Subtext moves into acquisitions
The St. Louis-based firm has brought in investment professional Mike Hung to lead the new vertical.
By Mary Salmonsen • Jan. 26, 2024 -
Permission granted by The Mogharebi Group
DEALS + STARTSHow an exchange buyer secured the largest deal of 2023 in California’s Central Valley
Sellers Osso Capital and Graceada Partners hit their targeted returns at The Edge at Lakewood in Modesto.
By Leslie Shaver • Jan. 25, 2024 -
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2024 OUTLOOK5 predictions for apartment development in 2024
As starts fall, labor and land will be impacted.
By Leslie Shaver • Jan. 24, 2024 -
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2024 OUTLOOKWill 2024 see more apartment deals?
Falling rates and still-stressed owners could put more properties on the market this year.
By Leslie Shaver • Jan. 12, 2024 -
ventdusud via Getty Images
28 NYC properties head to foreclosure
Emerald Equity Group owns the workforce assets, which contain 747 units in multiple neighborhoods in the Bronx.
By Leslie Shaver • Jan. 10, 2024 -
Permission granted by StarPoint Properties
Q&ADespite current turbulence, this investor sees hope in Texas
StarPoint Properties executive lays out three types of buying opportunities for the year ahead.
By Leslie Shaver • Jan. 9, 2024 -
Sundry Photography via Getty Images
2024 OUTLOOK4 multifamily trends to watch in 2024
Apartment operators will see new supply temper rent growth this year, among other challenges.
By Leslie Shaver • Jan. 9, 2024 -
Permission granted by Eagle Property Capital
DEALS + STARTSEagle closes $325M value-add fund
The Miami-based owner partnered with Promecap to target apartments in the Sun Belt.
By Leslie Shaver • Jan. 5, 2024
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