The Latest
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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 -
Tracker
Problem loans: Tracking the biggest multifamily delinquencies
Recent distressed transactions occurred in San Francisco and Indianapolis.
Updated Aug. 8, 2024 -
Centralization tips from the REITs
With shared services spread among multiple communities, public companies like EQR, UDR and AvalonBay are leading the way.
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Opportunities abound in California despite challenges for developers
Amid hurdles posed by regulatory complexities and shifting market dynamics, many firms remain bullish about the Golden State’s multifamily outlook.
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The largest multifamily starts of July 2024
Nashville, Tennessee; Buffalo, New York; and Tampa, Florida, have seen the launch of new projects valued at over $250 million each.
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PROJECT SPOTLIGHT
New Houston developer debuts first ground-up projects in San Antonio
Vero Sade intends to expand its reach across the Sun Belt.
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Deals + Starts: Summer 2024
Firms including Mill Creek, Greystar and Kushner made news in recent months.
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Q&A
Will New York City make landlords provide air conditioning?
Coordinating any such mandate with the city's building decarbonization law requirements could reduce the burden it might create for building owners, climate chief Rohit Aggarwala explained.
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DEALS + STARTS
Sinatra makes $64M Florida buy
The Cocoa Grand is the Western New York firm’s fifth purchase in the Sunshine State.
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August 2024 roundup: New multifamily products
Innovative surfaces and smart access control are among this month’s offerings.
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RealPage lawyer says nonpublic information leads to lower rents
On a call with reporters Monday, a company attorney said it aggregates and anonymizes data used in its pricing recommendations.
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Deep Dive
An air conditioning law, the first in its region, changed tenants’ rights in this Maryland county
Montgomery County began requiring landlords to provide AC in 2020 amid climate concerns and renter complaints. Despite a shaky start, officials say things are going smoothly now.
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Apartment starts increase monthly, but fall YOY
Meanwhile, multifamily completions jumped 50% from last July and the number of units under construction dropped.
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EXECUTIVE MOVES
Ark Homes for Rent brings in new CFO
Wendy W. Gill will join the C-suite, while current CFO Gina Cabral will transition into another senior leadership position.
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DOJ files antitrust lawsuit against RealPage
The attorneys general of several states joined the suit, which accuses the company of an “unlawful scheme to decrease competition among landlords.”
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MSCI: Multifamily prices fall 8.4% YOY
As values continued to stabilize, apartment sales dropped 11% during July.
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Deep Dive
Should tenants have a right to cooling? More cities say yes amid record heat.
As rental cooling standards pop up around the country, experts warn that they aren’t a perfect solution to the rising danger of scorching temperatures.
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HP Investors separates from its affiliate
Isaac Abid will serve as the general partner of the Northern California portfolio under his new venture, Lakeside Group.
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Retrieved from Stone Martin Homes on August 22, 2024
Alabama home builder launches commercial division
Stone Martin Commercial will work with developers on master-planned communities and small-scale projects.
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REIT Report
3 things to know from Camden’s earnings call
The Texas-based REIT still faces heavy supply in many markets, though demand remains strong.
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DEALS + STARTS
Core Spaces underway on student housing in North Carolina
Hub Raleigh is one of Core’s largest projects to date, increasing its portfolio by 5.5%.
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The pros, cons of centralized maintenance
Using service pods and technology tools can save money while boosting efficiency, but they’re not right for every operator.
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Colorado sees a wave of landlord-tenant rules
Property owners have new laws to follow, including those focused on for-cause evictions, price stabilization in disasters and right of first refusal.
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Greystar expands into infrastructure development
The nation’s largest multifamily owner is extending its reach into new sectors including transportation, power and data centers.
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https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty ImagesREIT Report
Bad debt not enough to weigh AVB down
The Virginia-based REIT outperformed again in Q2 with an increase in same-store and development NOI.