Capital
-
DEALS + STARTS
RADCO launches value-add brand with 615-unit apartment buy
With the purchase of Legacy at Riverdale, the Atlanta-based firm makes its first acquisition of this cycle.
By Leslie Shaver • May 16, 2025 -
CMBS delinquencies for apartments reach highest point since 2015
The rate has risen 524 basis points over the past 12 months, according to Trepp.
By Leslie Shaver • May 14, 2025 -
REIT Report
Virginia leads the way for MAA
The Memphis-based REIT has seen turnover improve, but new lease rates are still declining year over year.
By Leslie Shaver • May 13, 2025 -
Trump proposes cutting $33B in HUD funding, including Section 8
The budget proposal prioritizes state-based grants over federal aid, and would include a two-year cap on rental assistance for adults without disabilities.
By Mary Salmonsen • May 12, 2025 -
How investors are closing deals despite Treasury volatility
In this environment, success depends on “disciplined underwriting, aggressive stress testing and staying flexible,” according to an executive.
By Leslie Shaver • May 12, 2025 -
International multifamily investors undeterred by US trade turbulence
While a majority of foreign financiers have a negative outlook for U.S. property, 44% still plan to grow their holdings in 2025, according to a new report.
By Mary Salmonsen • May 9, 2025 -
DEALS + STARTS
CAPREIT acquires 2 Maryland properties
The North Bethesda, Maryland-based firm has dedicated $5 million toward upgrades, which will include a refresh of building exteriors, amenities and common areas.
By Leslie Shaver • May 9, 2025 -
REIT Report
Essex sees new lease rents turn positive
Despite its strong first quarter, the West Coast REIT didn’t raise guidance, citing economic uncertainty.
By Leslie Shaver • May 8, 2025 -
REIT Report
EQR hits all-time low for turnover
The 7.9% rate was due in part to the Chicago-based REIT’s centralized renewal process, according to COO Michael Manelis.
By Leslie Shaver • May 6, 2025 -
DEALS + STARTS
American South Capital Partners buys New Orleans apartment property
The firm utilized Community Development Block Grant dollars to make the underwriting feasible amid rising insurance costs.
By Leslie Shaver • May 5, 2025 -
Three Steps Properties buys troubled Oakland apartments for $78M
An affiliate of Union Labor Life Insurance Co. sold the 206-unit Zo residential tower.
By Leslie Shaver • May 2, 2025 -
DEALS + STARTS
Altus Equity Group acquires 1,225 units in Texas
The Odessa Multifamily Portfolio boasts a 92% occupancy rate and a forecasted year-one yield exceeding 10%.
By Leslie Shaver • May 1, 2025 -
Apartment deal volume jumps 7%, hitting $30B in Q1
While recent tariff news has had a “dizzying effect” on the public equity and bond markets, multifamily performance “never responds to shocks in a single quarter,” the MSCI report said.
By Leslie Shaver • April 29, 2025 -
Q&A
Why student housing is bucking the transaction freeze
As property sales have faltered for traditional multifamily, a Coastal Ridge executive notes that off-campus property sales have remained healthy.
By Leslie Shaver • April 25, 2025 -
DEALS + STARTS
Ashcroft Capital buys Orlando property from DR Horton
Birchstone Waterleigh will be the New York City-based firm’s seventh acquisition in the area.
By Leslie Shaver • April 24, 2025 -
New Funds
Kennedy Wilson, Tokyu Land team up for $200M investment
The firms created a platform to provide preferred equity and mezzanine real estate investments for multifamily and industrial projects nationwide.
By Leslie Shaver • April 23, 2025 -
Starts fall 10% YOY amid constrained conditions
Both the number of apartments under construction and those completed declined in March.
By Leslie Shaver • April 22, 2025 -
DEALS + STARTS
Georgia apartment complex sells for record price
A private buyer from Tennessee bought the Valdosta property for $18.3 million.
By Leslie Shaver • April 21, 2025 -
CMBS delinquencies soar
The March rate is the highest since December 2015, according to Trepp.
By Leslie Shaver • April 14, 2025 -
New Funds
Vistria raises more than $2.5B for affordable housing
The firm has already acquired 7,000-plus units with the fund, which launched in March 2023.
By Leslie Shaver • April 14, 2025 -
San Francisco property goes into receivership
The $980 million portion of the $1.5 billion senior loan backing Parkmerced went delinquent in March, along with its $275 million mezzanine loan.
By Leslie Shaver • April 11, 2025 -
More Baltimore conversions face foreclosure
An LLC controlled by Philadelphia-based PMC Property Group has defaulted on a $16.4 million loan, while an entity controlled by Chasen Cos. declared bankruptcy on a second building.
By Leslie Shaver • April 10, 2025 -
NMHC Top 50
Greystar approaches 1M apartments under management
The firm’s ownership growth occurred organically, while the absorption of Atlanta-based owner and developer Wood Partners’ units fueled its operational expansion.
By Leslie Shaver • April 9, 2025 -
DEALS + STARTS
$501M portfolio deal pushes Morgan past 100,000 units
The Pennsylvania-based firm acquired 3,054 apartments from Trilogy Real Estate Group across eight Midwestern states.
By Leslie Shaver • April 8, 2025 -
2 Houston properties face issues
One asset’s value declined 56% after damage from a windstorm and Hurricane Beryl.
By Leslie Shaver • April 7, 2025