Capital: Page 13

  • Aerial view of white apartment building.
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    Permission granted by Eden Multifamily
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    DEALS + STARTS

    Eden sells new Florida property for $73M

    The developer was able to move the asset ahead of schedule without advertising widely.

    By • Nov. 9, 2023
  • A rendering of a large dormitory.
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    Permission granted by University of California at Santa Barbara
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    UC Santa Barbara cancels ‘Dormzilla’

    A separate 2,250-bed project is now planned for the site originally intended for the controversial Munger Hall.

    By • Nov. 8, 2023
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    lucadp via Getty Images
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    REIT Report

    Bad debt, oversupply suppress Camden’s Q3 results

    Delinquencies, skips, fraud and lease breaks have jumped for the firm in the second half of the year.

    By • Nov. 7, 2023
  • Seal of the Board of Governors of the United States Federal Reserve System.
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    LD via Getty Images
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    Fed pause gives hope that deals could pick up

    After the central bank’s announcement last week, the 10-year Treasury fell 40 basis points from October’s high.

    By • Nov. 6, 2023
  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
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    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
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    REIT Report

    AVB adjusts return expectations on new development

    Move-outs to new homes fell for AvalonBay, but executives expect market deceleration in 2024.

    By • Nov. 2, 2023
  • A low-angle view of the Flatiron Building in New York City.
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    ndcityscape via Getty Images
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    40 condos coming to Manhattan’s Flatiron Building

    The conversion, led by the Brodsky Organization, follows a series of auctions for the historic property.

    By • Nov. 2, 2023
  • Tan, three-story apartment building with palm trees and a lake in the foreground.
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    Permission granted by Kaplan Residential
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    DEALS + STARTS

    Kaplan secures 20-acre Florida site for $5.2M

    The developer plans to build five three-story buildings with elevators. 

    By • Nov. 1, 2023
  • Five-story brown, modern apartment building with balconies on the corner.
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    Permission granted by JPI
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    Behind the scenes of the JPI-Sumitomo deal

    JPI CEO Payton Mayes sees an opportunity to move into new markets when the time is right.

    By • Nov. 1, 2023
  • American flags in front of marble building
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    lucky-photographer via Getty Images
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    REIT Report

    MAA’s new lease rents fall due to competitors’ concessions

    A glut of new supply is providing obstacles and opportunities for the REIT.

    By • Oct. 31, 2023
  • A shift to remote work has softened the demand for office space, accelerating the need for commercial-to-residential conversions.
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    Fang Xia Nuo via Getty Images
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    White House advances office-to-residential conversions with new resources

    The guidance, financing and technical assistance aim to address a 30-year high in office vacancies and ease the affordable housing crisis.

    By Ysabelle Kempe • Oct. 31, 2023
  • A panoramic view from above San Francisco's financial district on a bright sunny day.
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    georgeclerk via Getty Images
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    754-unit San Francisco property loses more than half its value

    The NEMA San Francisco apartment complex sits next to the headquarters of social media giant X.

    By • Oct. 26, 2023
  • A house with a sold sign on it
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    Feverpitched via Getty Images
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    Goldman sees high home prices, mortgage rates for next year

    The backlog of multifamily units already under construction has grown 56% since 2020, and the pipeline for new projects has begun to narrow, the global banking firm said.

    By • Oct. 26, 2023
  • Brown apartments with dark roofs and street in the foreground.
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    Permission granted by Eastham Capital
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    Q&A

    Why this investor prefers local partners

    Eastham Capital looks for firms that self-manage and have on-the-ground expertise.

    By • Oct. 24, 2023
  • A shift to remote work has softened the demand for office space, accelerating the need for commercial-to-residential conversions.
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    Fang Xia Nuo via Getty Images
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    Fed warns of stability risk from $24T commercial real estate market

    Prices for commercial properties slumped 3.9% from the second quarter of last year to Q2 2023, well below the 3.3% average annual growth beginning in 1997.

    By Jim Tyson • Oct. 24, 2023
  • A three-story row of attached homes with yellow siding and red doors.
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    Permission granted by Archway Communities
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    Affordable operator debuts profit-sharing program at 2 Denver properties

    Enterprise Community Partners’ new fund aims to preserve rents and enable $1.7 million in renovations.

    By • Updated Oct. 24, 2023
  • Tan and brown brick apartment building with balconies
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    elxeneize via Getty Images
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    MSCI: Sales slide 62% in Q3

    Even though conditions may be stabilizing, there are only certain types of deals getting done.

    By • Oct. 23, 2023
  • Tan apartment community with a pool in the foreground.
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    Permission granted by Darwin German Real Estate
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    DEALS + STARTS

    Darwin German nabs a Dallas-area property for a significant discount

    The Mark at Weatherford was sold in September for 37% lower than its January 2022 price.

    By • Oct. 23, 2023
  • Two-story apartment building with a pool in the foreground
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    Permission granted by Venterra Realty
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    DEALS + STARTS

    Venterra Realty grabs 2 brand-new Florida properties

     The company relied on its established relationships with lenders to secure two apartment communities built this year.

    By • Oct. 19, 2023
  • Coin stack on international banknotes with house model on table.
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    Zephyr18 via Getty Images
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    Trepp: Multifamily mortgage debt increases by 7%

    Pension funds saw the largest increase in apartment mortgages on their books in the second quarter, followed by banks and thrifts.

    By • Oct. 18, 2023
  • New complex of apartment buildings under construction
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    ewg3D via Getty Images
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    Apartment starts drop 31.5%

    In addition, permits for buildings with five units or more plummeted to 459,000 last month.

    By • Oct. 18, 2023
  • A modern apartment building situated next to a Colonial-style structure.
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    Permission granted by Roadside Development
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    D.C. aims to attract sustainable office-to-multifamily conversions

    While the pace of adaptive reuse projects has slowed, the city is offering incentives to bring more housing to the urban core.

    By • Oct. 16, 2023
  • Aerial picture of an apartment property.
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    Permission granted by Landmark Properties
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    Q&A

    How centralization can smooth an operator’s expansion to BTR

    Georgia-based Landmark Properties is known for student housing. Now it's moving into single-family rentals.

    By • Oct. 12, 2023
  • A tall white apartment building.
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    Permission granted by Willow Bridge Property Co.
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    Former Lincoln division announces new name

    Willow Bridge Property Co., sold to Cadillac Fairview in February, now operates 180,000 units independently.

    By • Updated Oct. 13, 2023
  • A rendering of a mid-rise student dormitory building.
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    Permission granted by Gilbane
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    Moody’s: Student housing sees rebound

    Occupancy and rental rates have jumped since the pandemic, but inflation remains a hurdle for owners and developers.

    By • Oct. 11, 2023
  • Three-level tan apartment with a tree on the right.
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    Permission granted by Standard Communities
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    DEALS + STARTS

    Standard Communities picks up 6 properties in Los Angeles

    The company locked in financing early and partnered with HUD and Pacific Southwest Development Corp. to preserve affordability in 407 units.

    By • Oct. 9, 2023