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Apartment starts, permits tick up YOY
Completions jumped 12% as units under construction fell in January.
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PRODUCTS
February 2025 roundup: New multifamily products
Offerings this month include decorative acoustic baffles and a data-rich model of New York City.
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AvalonBay sees strength in the mid-Atlantic
The REIT will continue to add properties in the suburbs and its expansion regions in 2025.
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Builders, contractors testify in Congress on permitting issues
The NAHB told a Senate committee that environmental reviews often block or delay housing projects for years.
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Apollo acquires Bridge for $1.5B
Salt Lake City-based Bridge manages approximately $50 billion in assets, primarily in the industrial and residential sectors.
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DEALS + STARTS
Former Ecolab tower in St. Paul undergoes $68M conversion
The Stella will bring 178 units and 2,800 square feet of retail to the Minnesota city that passed rent control in 2021.
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Elme Communities could be for sale
While analysts applauded the news, one wondered if President Donald Trump's efforts to scale back the government could create uncertainty around potential demand.
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EXECUTIVE MOVES
Marquette reorganizes leadership, adds new CFO
Jason Tennenbaum will join the C-suite, while Trevor Ryan and Jim Cunningham will lead Marquette Cos. and Marquette Management respectively.
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Multifamily distress jumps 40 basis points to 13%
However, the industry’s servicing rate fell in January as delinquencies only ticked up slightly, according to Trepp.
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REIT Report
UDR eyes second-half rent boost
Austin, Texas, and Nashville, Tennessee, are problematic for the REIT, but the coasts generally look strong.
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Middle Street Partners finalizes $69M company recapitalization
The firm will target $1 billion of early-cycle developments and acquisitions.
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EXECUTIVE MOVES
RKW Residential expands marketing, operations leadership
The property manager has made four promotions and four new hires.
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REIT Report
MAA sees concessions in Austin, Atlanta and Charlotte
The Memphis-based REIT expects new lease pricing to be down 1.5% and renewals to be in the 4.25%-4.5% range this year.
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EXECUTIVE MOVES
ARK Homes for Rent opens Atlanta office, creates new role
Andy Wu, formerly with ResiBuilt, will work with the executive team on growth opportunities.
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After 6 months of decline, average rents rise again
While demand is expected to remain strong, policy uncertainty and interest rates could pose problems in the coming year, according to Yardi.
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Jury awards over $6.6M to tenants in toxic mold lawsuit
The plaintiffs allege that their apartment’s mold problems left them with chronic health issues and led to a ceiling collapse.
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Harbor Group acquires Dallas property
The firm sees an opportunity to acquire other newly built properties, according to Chief Investment Officer of Multifamily Yisroel Berg.
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Colorado apartment pros launch $30M investment fund
The Denver-based firm will have $30 million in capital from Inceptiv to invest in middle-market value-add opportunities.
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PROJECT SPOTLIGHT
ACC expands graduate housing at UC Berkeley
The new property is one of many underway at the university, including the controversial People’s Park project.
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REIT Report
Seattle, San Jose lead Essex’s portfolio
The REIT’s executives see a boost coming for Los Angeles, thanks to the film industry and preparations for the Olympics and World Cup.
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Senators take aim at price-setting algorithms
A new bill is designed to ban the use of non-public information across all industries, including rental housing.
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Trump tags steel, aluminum imports with 25% tariffs
The new duties build on actions from the president's first term while axing exemptions and product exclusions.
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Opinion
Navigating real estate under Trump 2.0
The new administration is bound to bring challenges and opportunities in the single-family rental market, writes Atlas Real Estate’s CEO.
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Top cities for apartment conversions
The office-to-multifamily pipeline has grown by 28% over the past year, according to a new report.
Updated Feb. 24, 2025 -
EXECUTIVE MOVES
Industry veteran joins Eagle Property Capital
Barry Chase has come out of semi-retirement to co-lead the company as a partner and managing principal.
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