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Senators question KKR’s acquisition of 5,200 units
The lawmakers, including Sen. Elizabeth Warren, scrutinized the deal’s potential to “exacerbate rising rent costs in regions across the United States.”
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LA council votes to strengthen anti-harassment laws, stop ‘renovictions’
The move would expand the definition of tenant harassment and triple penalties for landlords in court cases.
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PGIM, Citymark enter JV to buy debt
The firms will target both performing and non-performing loans.
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Almost one-quarter of adults base living decisions on politics
Millennials are the most likely to want to live in areas where most of their neighbors’ views align with their own, according to a recent survey.
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How to navigate new FTC rules banning fake and incentivized reviews
Implementing new policies and training while monitoring outside partners can help operators stay compliant, according to industry experts.
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3 takeaways from OPTECH
Regulations, AI and centralization were hot topics at the NMHC’s annual event.
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DEALS + STARTS
Greystar reportedly in talks to buy $1.1B Australian student housing portfolio
If finalized, the transaction would include seven properties with a total of 5,662 beds across five cities.
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PRODUCTS
October 2024 roundup: New multifamily products
This month’s offerings bring the living experience into focus with a new resident services app, smart door locks, renewable energy storage and more.
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Thought Leaders: October 2024
Executives from Cortland, Roundhouse, Astor Cos. and more talk about their latest challenges and successes.
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Philadelphia joins San Fran, bans revenue management software
San Francisco's ban is in effect, while Philadelphia's is awaiting the mayor's signature.
Updated Oct. 29, 2024 -
The largest multifamily starts of September 2024
Starting at $150 million, these three major developments are underway in Nashville, Phoenix and Jersey City.
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PROJECT SPOTLIGHT
High-end Las Vegas home builder makes build-to-rent debut
The Seneca at Southern Highlands is complete with 60% of its 50 units leased.
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MSCI: Apartment sales volume increases for second consecutive quarter
Prices fell 6.3% year over year in Q3, but the pace of decline is moderating.
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DEALS + STARTS
Lion Real Estate Group nabs off-market deal in Houston
The investment firm saw an opportunity to secure a 25-year-old property at a good yield.
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Resia sells, retains management of Florida property
Kayne Anderson Real Estate bought Resia Old Cutler from the Miami-based firm using Fannie Mae debt.
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Opinion
Which type of EV charging is right for your property?
A few simple questions can help owners and operators decide which system to install, writes a former Tesla engineer.
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Historic Philadelphia building goes into servicing
The Brush Factory Lofts, which sits in a neighborhood where rents are falling, saw its loan hit 90 days’ delinquent in August.
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Flexibility and pet policies are tops with single-family renters
While most tenants are satisfied with their rental homes, a majority are still looking to buy one day, according to a recent survey.
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Office-to-residential conversions are tough. Could dorm-style co-living be the answer?
Microapartments with shared bathrooms and kitchens could suit service workers, retirees and young professionals and cost 25% to 35% less than converting offices to traditional apartments, Pew and Gensler researchers said.
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Operators balance automation and customer service
While some apartment managers say centralization improves the resident experience, others prefer in-person interaction.
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Core Spaces on track to more than double its student portfolio
The Chicago developer has a pipeline of over 43,000 beds, with 4,551 delivered so far this year.
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Apartment completions jump 42% YOY
September apartment starts fell 15% from a year ago, while units under construction dropped 17%.
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PROJECT SPOTLIGHT
Urby adds to Jersey City’s growth spurt in Journal Square with 25-story tower
The 317-unit Journal Square Urby is the developer’s second project in the city, now open for leasing and move-ins.
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Q&A
The challenges of building workforce housing
Astor Cos. CEO Henry Torres is using the Live Local Act to add attainable rentals to his portfolio of luxury properties.
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Will customers leave RealPage in light of legal action?
Some users may feel pressure to make a decision about the revenue management product as current litigation works its way through the courts, according to one observer.