Capital: Page 13

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    Spencer Platt via Getty Images
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    Multifamily sales drop 74% YOY

    Prices for apartment properties have fallen 12.1% since last year, but annualized monthly declines are easing.

    By • May 25, 2023
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    Permission granted by SPI Advisory
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    DEALS + STARTS

    Inside one owner’s quest to build scale in an Austin suburb

    SPI Advisory has acquired a 264-unit property outside Texas’ capital.

    By • May 23, 2023
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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
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    gremlin via Getty Images
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    Virginia-based owner plans to add property management services

    As other firms have scaled back their management presence, Capital Square is jumping into operations.

    By • May 23, 2023
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    ArLawKa AungTun via Getty Images
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    MBA: Multifamily lending to drop 14%

    After bank failures and interest rate hikes, apartment originations could fall to $375 billion.

    By • May 22, 2023
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    shotbydave/E+ via Getty Images
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    Recession likely to start in Q3 as Fed sustains inflation fight: Fannie Mae

    The Fed may keep borrowing costs high and trigger a downturn if robust wage gains persist in coming months, Fannie Mae said.

    By Jim Tyson • May 22, 2023
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    John Moore via Getty Images
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    REIT Report

    Essex predicts rebound in West Coast markets

    Although it is monitoring other areas for expansion, the REIT is comfortable with its regional focus, according to CEO Angela L. Kleiman.

    By • May 17, 2023
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    Permission granted by ECI Group
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    DEALS + STARTS

    Georgia sale signals a market shift for older properties

    ECI Group explains why its strategy has evolved as the era of low cap rates for aging assets comes to an end.

    By • May 16, 2023
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    Justin Sullivan via Getty Images
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    Troubled loans backing Veritas’ San Francisco portfolio hit the market

    Even as the percentage of CMBS securitizations becoming delinquent and going into servicing falls, observers expect problems to mount later in the year.

    By • May 16, 2023
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    Spencer Platt via Getty Images
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    REIT Report

    Camden’s move-outs to homeownership drop amid strong rent growth

    Even though more than 400,000 new units are expected to hit its markets in the next two years, the REIT downplayed the impact of new supply on a recent earnings call.

    By • May 15, 2023
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    Permission granted by Forman Capital
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    DEALS + STARTS

    Private lender acquires the note for a Neology site in Miami

    The acquisition shows how developers can finance projects even as traditional bank lending stalls.

    By • May 11, 2023
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    Spencer Platt via Getty Images
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    REIT Report

    As development projects are abandoned, AVB sees an opportunity to buy land

    The REIT is partnering with third-party apartment builders and offering mezzanine loans for construction.

    By • May 10, 2023
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    photovs via Getty Images
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    DEALS + STARTS

    Nuveen nabs 12,000 affordable housing units

    The investment manager for TIAA purchased the New York City-centric portfolio from Mo Vaughn’s Omni Holding Co.

    By • May 10, 2023
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    Permission granted by Centerspace
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    Q&A

    Centerspace’s new CEO outlines her priorities

    Anne Olson’s first focus will be property operations and centralization.

    By • May 9, 2023
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    -slav- via Getty Images
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    Bank failures make construction loans even more challenging

    The lending environment has grown more treacherous after last year’s interest rate hikes and could dampen new starts by 60%, according to Ric Campo.

    By • May 8, 2023
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    Spencer Platt via Getty Images
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    REIT Report

    UDR reports same-store NOI growth of 11.7%

    Executives noted that new supply is forcing concessions in certain Southeastern markets.

    By • May 5, 2023
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    Spencer Platt via Getty Images
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    REIT Report

    3 trends driving MAA’s performance

    The REIT’s portfolio is insulated from new supply, CEO Eric Bolton said on last week’s earnings call.

    By • May 3, 2023
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    Spencer Platt via Getty Images
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    Failed First Republic was San Francisco’s most active apartment lender

    In Q1, the bank financed eight deals, constituting 40% of San Francisco’s volume, according to Colliers.

    By • May 2, 2023
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    Permission granted by Post Road
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    Post Road Management adds 1,002 units in Kansas

    After acquiring 11 properties in Wichita, the firm operates over 16,000 units across 13 states.

    By • May 1, 2023
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    Pgiam via Getty Images
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    REIT Report

    Equity Residential’s same-store revenue is better than anticipated

    New York posts 19% growth, but California floods drive up expenses and San Francisco and Seattle struggle with concessions.

    By • April 28, 2023
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    webking via Getty Images
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    MBA: Multifamily mortgage delinquency rates increased in Q1

    The apartment sector still has fewer problem loans than other CRE asset classes.

    By • April 28, 2023
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    Khaosai Wongnatthakan via Getty Images
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    Impact Council releases finalized investing guidance

    The Multifamily Impact Framework creates a roadmap for socially motivated private capital to invest in affordable and sustainable rental housing.

    By • Updated Sept. 20, 2023
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    Permission granted by Empire Group of Cos.
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    PROJECT SPOTLIGHT

    Arizona build-to-rent breaks ground near new semiconductor plant

    Village at Pleasant River is expected to attract residents who work at the nearby Taiwan Semiconductor Manufacturing Co. facility in Peoria.

    By • Updated May 31, 2023
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    Perawit Boonchu via Getty Images
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    Multifamily prices drop more than other CRE sectors

    Apartment sales volume fell 64% from last year’s record high.

    By • April 24, 2023
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    Douglas Rissing via Getty Images
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    Report: Prepare for a debt ceiling crisis

    J.P. Morgan recommends that owners have a cushion and try to refinance to prepare for potential economic shockwaves over the U.S. debt limit.

    By • April 24, 2023
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    zimmytws via Getty Images
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    Texas foreclosures foreshadow Class C troubles

    The Applesway Investment Group portfolio suffered from neglect and changing market conditions.

    By • April 24, 2023