The Latest

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    Jason Finn via Getty Images
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    Tracker

    Problem loans: Tracking the biggest multifamily delinquencies

    Recent distressed transactions occurred in San Francisco, Washington, D.C., and Atlanta.

    Updated June 13, 2024
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    Permission granted by National Apartment Association
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    2024’s top multifamily events

    Multifamily Dive has you covered with a full list of the industry conferences, expos and meetings for the rest of the year.

    Updated April 30, 2024
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    Permission granted by Palladius Capital Management
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    DEALS + STARTS

    Palladius Capital Management grabs a student property in San Antonio

    CEO Nitin Chexal explains why the firm has invested $170 million along the I-35 corridor over the last 12 months.

  • An overhead view of the Overland Park, Kansas, cityscape.
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    Davel5957 via Getty Images
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    The most sought-after destinations for renters this spring

    Select Midwest metros remain the most popular cities searched for by apartment hunters.

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    olaser via Getty Images
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    Trepp: Delinquencies increase again as servicing rate rises

    There was $245 million in newly delinquent multifamily loans during the month of May, according to Trepp.

  • A gleaming Manhattan apartment lobby is also accessible
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    Permission granted by PJCArchitecture/Bjorg Magnea
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    Q&A

    Accessible Manhattan lobby makes stunning first impression

    Retrofitting an existing entrance can add function, beauty and curb appeal, according to New York City-based architect Philip Consalvo.

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    Permission granted by Nuveen
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    Nuveen strikes $100M deal with CalPERS

    The nation’s fourth-largest owner is working to preserve housing for residents earning less than 80% of the area median income.

  • The development team expects delivery of the first residences in 2026, and the overall master plan to complete over a 10-year period, according to Gotham.
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    Courtesy of Gotham
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    Church kicks off $1B Brooklyn affordable housing project

    The first phase of the Innovative Urban Village includes 376 affordable units and retail and commercial space.

  • A waterfront boardwalk with a building on the left side. On the ground level, people are sitting at tables and chairs.
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    Courtesy of Redgate
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    PROJECT SPOTLIGHT

    Redgate’s wellness-focused waterfront apartments start pre-leasing near Boston

    Gibson Point, located in Revere, Massachusetts, will offer spa services, treadmill desks and electric shuttles to the beach.

  • A rendering of an apartment building, with people milling about in front, with green grass on a sunny day.
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    Courtesy of Gilbane Building Co.
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    Gilbane to develop $100M Purdue University dorm project

    The four-story, 213,000-square-foot apartment complex on the college's Fort Wayne, Indiana, campus is part of a public-private partnership.

  • white apartments with a lake in the foreground
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    Permission granted by Sunstone Two Tree
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    EXECUTIVE MOVES

    Scott Maddux named CEO at Sunstone Two Tree

    John Maddux will become the firm's executive chairman.

  • A mid-rise apartment building.
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    LMS Architects/Hood Design Studio

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    UC Berkeley cleared to continue student housing project at People’s Park

    The California Supreme Court reversed a ruling that halted construction over resident noise concerns. 

  • For rent sign In front of a Row of apartments
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    Feverpitched via Getty Images
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    Average rent rises to all-time high despite slow YOY growth

    While market performance is following normal seasonal patterns, large delivery pipelines are a headwind on rents in the Sun Belt and other markets, according to Yardi.

  • A table with chairs in a common area in a luxury apartment building
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    Permission granted by Cushman & Wakefield Multifamily Asset Services
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    Q&A

    Woody Stone sees more M&A coming in the management space

    The president of Cushman & Wakefield Multifamily Asset Services says some larger owners are moving to limit the number of operators they work with.

  • Apartment property with trees and grass to the right
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    Permission granted by CBRE
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    DEALS + STARTS

    Nuveen lands Minneapolis-area property for almost $50M

    Capreit sold the four-building, 282-unit complex that was built in 1998.

  • The entrance to an apartment property by the road. Heavy tree cover is located on either side.
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    Google Maps

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    Bellingham, Washington, apartment owner asks to join suit against ‘Walmart encampment’

    Management claims that its tenants are leaving due to health and safety concerns related to a nearby settlement of people experiencing homelessness.

  • A row of glass high-rises on the right and boats docked on the left.
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    Permission granted by Hoffman & Associates
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    EXECUTIVE MOVES

    Hoffman & Associates names new CEO

    JLL alum Brian Dawson will step into the role, replacing Mark Dorigan at the Washington, D.C.,-based developer.

  • A rendering of a mid-rise apartment building.
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    Moya Design Partners, Montgomery County Planning Board

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    Developer backs out of apartment project near DC Metro station

    JLB Partners’ recently approved plan in Silver Spring, Maryland, called for 390 apartments over commercial space.

  • A park between two apartment buildings, with a farmers' market at the near end.
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    Hunter Pasteur Homes

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    DEALS + STARTS

    Former racetrack makes way for master-plan near Detroit

    The Downs will contain 174 apartments, 53 condos and 245 homes and townhomes at full buildout, plus retail and parking spaces.

  • Dark high-rise apartment building
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    Retrieved from Tribeca NoMa.
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    Another DC building heads to auction

    A second apartment in Washington’s NoMa neighborhood faces foreclosure.

  • Entrance to the FBI Building in Washington, DC.
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    drnadig via Getty Images
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    FBI raids Cortland office

    The Atlanta-based owner and operator confirmed the search but said the company and its employees are not targets of the investigation.

  • Real estate agent holding keys to new flat.
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    simpson33 via Getty Images
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    Staff matters, new survey of 400,000 online reviews says

    More than 60% of positive property reviews — and 18% of negative ones — make mention of on-site teams, according to an AI-powered study.

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    nathaphat via Getty Images
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    AvalonBay released from Washington, D.C., RealPage litigation

    Dismissal requests from Highmark Residential and JBG were rejected in the antitrust suit.

  • Light colored modern apartment building with a grocery on the ground floor
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    Permission granted by Bozzuto
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    Q&A

    How Bozzuto evaluates new construction projects

    President of development Mike Henehan says the company is looking at location, partners and the overall structure of deals.

  • Four story building with Peets Coffee on the ground floor
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    Permission granted by Cityview
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    DEALS + STARTS

    Cityview, Greystar sell California property

    Although a buyer wasn’t named, the 164-unit asset in Mountain View is now listed on Essex Property Trust’s website.