Capital

  • Mixed-use multifamily residential district area development with blue sunny sky background
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    Svetlana123 via Getty Images
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    Apartment sales volume finally turns positive as AIR-Blackstone deal closes

    Investment activity jumped 20% in the second quarter after seven consecutive quarters of high double-digit declines, according to MSCI.

    By • July 26, 2024
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    Permission granted by JBM Institutional Multifamily Advisors
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    DEALS + STARTS

    Inland sells Florida asset to Interface Properties

    JBM Institutional Multifamily Advisors, which brokered the deal, sees the transaction market opening up in the Sunshine State.

    By • July 24, 2024
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    Arturo Rosenow via Getty Images
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    Trendline

    Top 5 stories from Multifamily Dive

    A roundup of some of Multifamily Dive’s top stories of 2024.

    By Multifamily Dive staff
  • Picture of new light-colored apartments with a highway and water in the background.
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    Permission granted by Woodfield Development
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    Q&A

    Why Woodfield thinks now is a good time to get shovels in the ground

    The developer sees an opportunity to open new projects in an advantageous market in 2026, according to partner Greg Bonifield.

    By • July 23, 2024
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    tntemerson via Getty Images
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    5 ways a manager can insulate itself from a distressed owner

    Operators can survive a troubled client by doing their homework, bringing in equity and working with the lender.

    By • July 22, 2024
  • Exterior view of multifamily residential building under construction.
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    Sundry Photography via Getty Images
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    Starts increase compared to May

    However, completions jumped as new supply continues to represent a near-term threat.

    By • July 22, 2024
  • Aerial picture of apartment community
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    Permission granted by Hamilton Point Investments
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    Q&A

    Finance exec says now is a good time to buy apartments

    Hamilton Point Investments recently bought four new properties in Houston and is ready to make more deals, according to co-founder Matt Sharp.

    By • July 18, 2024
  • High rise building with a Whole Foods in the foreground
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    Retrieved from Flaherty & Collins.
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    Lender moves to foreclose on Flaherty & Collins’ Indianapolis high-rise

    Prime Finance is suing for $101 million after the apartment developer allegedly defaulted on payments on the 27-story property.

    By • July 17, 2024
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    webking via Getty Images
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    Trepp: Multifamily CMBS delinquency moves past 2%

    The special servicing rate for apartments fell in June but remained above 5%.

    By • July 15, 2024
  • the bottom of a high-rise building in San Francisco surrounded by streets smaller buildings
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    Retrieved from Crescent Heights.
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    Crescent Heights secures loan modification at beleaguered San Francisco property

    The developer will retain control of the 754-unit NEMA San Francisco apartment complex after paying its lenders $10.5 million.

    By • July 12, 2024
  • Aerial picture of brick apartments, grass, parking lots and a pool.
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    Permission granted by Morgan Properties
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    Morgan acquires 3,434 units in its home state

    The apartment owner plans $80 million in upgrades at the 11 properties in Pennsylvania.

    By • July 10, 2024
  • A person showing a property through an online video call using a tablet computer.
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    andresr via Getty Images
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    Proptech funding drops 14.3%

    Ninety-one percent of tech firms anticipate raising capital, and 45% expect that to happen in the next 10 to 12 months.

    By • July 9, 2024
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    Permission granted by Mill Creek
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    DEALS + STARTS

    Inside Mill Creek’s evolution to a full-service investment management firm

    Although the Florida-based developer made its name in new construction, value-add purchases and structured products will represent a larger part of the business going forward.

    By • July 8, 2024
  • Bright colored high-rise apartments towering above nearby properties.
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    Permission granted by KKR
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    KKR purchases Quarterra portfolio for $2.1B

    Carter-Haston, MG Properties and Dalan Real Estate will operate the assets for the New York City-based global investment firm.

    By • June 28, 2024
  • Tan and brown brick apartment building with balconies
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    elxeneize via Getty Images
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    MSCI: Prices have fallen over 20% in less than 2 years

    Additionally, apartment sales dropped 44% year over year in May to $6.7 billion.

    By • June 27, 2024
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    ribeirorocha via Getty Images
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    Apartment starts plummet 52%

    Completions for buildings with five or more units rose only 0.8% in May as investors eyed new buildings.

    By • June 25, 2024
  • A rendering of the exterior of a multifamily building.
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    Permission granted by KGD Architecture
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    Clark makes headway on first affordable housing project in Tysons, Virginia

    Amazon is funding $56 million of the project through its housing equity fund.

    By Zachary Phillips • June 24, 2024
  • A rendering of new construction on the Merchant Building in Columbus, Ohio, at night.
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    Retrieved from NAI Ohio Equities on June 13, 2024
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    Merchant Building to add 174 units to downtown Columbus, Ohio

    Gilbane is building the 32-story mixed-use structure, which is scheduled to open in 2026.

    By Matthew Thibault • June 24, 2024
  • Light blue garden-style apartment with grass in the foreground.
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    Permission granted by Matheson Capital
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    DEALS + STARTS

    Growing Charleston, South Carolina-based firm enters Georgia, making its largest deal to date

    Matheson Capital purchased the 248-unit Residences at St. George in Savannah — its 14th acquisition as the lead sponsor.

    By • June 24, 2024
  • Ground floor of new, white apartment complex with Soltra Kierland sign.
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    Permission granted by Leon Capital Group
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    Q&A

    Inside a Dallas developer’s plan for 2,000 starts this year

    The president of Leon Capital Group’s multifamily division sees an opportunity to deliver new apartments into rent growth.

    By • June 20, 2024
  • A rendering shows the vision for two residential towers in Beverly Hills, California.
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    Courtesy of Foster + Partners & Kerry Hill Architects
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    Cain International, OKO Group start $5B mixed-use development in California

    Turner Construction will lead site management on One Beverly Hills, which includes two condo towers and an Aman Group hotel.

    By Joe Bousquin • Updated June 24, 2024
  • New apartment building surrounded by a pool
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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.

    By • June 18, 2024
  • Bank corporate finance building seen from below. The sign "bank" visible close.
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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.

    By • June 17, 2024
  • Brown, brick garden-style apartments
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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.

    By • June 14, 2024
  • 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.

    By • June 11, 2024
  • 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.

    By • June 10, 2024