Capital: Page 14

  • Three-story apartments with parking lots and cars in the foreground.
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    Permission granted by Beacon Real Estate Group
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    DEALS + STARTS

    Beacon nabs 2 newly completed projects

    The company adds to its portfolio with two projects near Atlanta.

    By • April 19, 2023
  • Drone angle view of Daytona Beach skyline and bridges over the intracoastal waterway.
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    Michael Warren via Getty Images
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    Oceanfront condo project halted by Daytona Beach officials

    The city expressed concerns about progress and safety issues at Protogroup’s 31-story condominium project, which has been under construction since 2018.

    By • April 18, 2023
  • A block of apartment complexes Explore the Trendline➔
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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
  • Customer signing contract
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    Natee Meepian via Getty Images
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    CBRE: Apartment going-in cap rate expansion slowing

    Underwriting is beginning to stabilize after three quarters of increases of more than 35 basis points.

    By • April 18, 2023
  • White apartments with palm trees and a road in the foreground.
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    Permission granted by Summit Contracting Group
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    Most firms on NMHC Top 25 Builders list saw increases last year

    Summit topped the ranking, reflecting both the company's growth and an active multifamily cycle, said President Marc Padgett.

    By • April 17, 2023
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    Permission granted by Alliance Residential
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    Alliance grabs the country’s top development spot from Greystar

    Only two developers on the NMHC Top 25 saw their starts decrease in 2022.

    By • April 17, 2023
  • An apartment building at sunset.
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    deepblue4you via Getty Images
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    Multifamily CMBS delinquencies, servicing transfers continue to rise

    The percentage of loans transferred has nearly doubled over the past year.

    By • April 14, 2023
  • Brown and grey modern complex of residential buildings.
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    RomanBabakin via Getty Images
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    Boston Financial stays atop NMHC syndicator list

    Though portfolios remain relatively stable, some see a need for more tax credits.

    By • April 13, 2023
  • Employees walk in front of a sign outside of the shuttered Silicon Valley Bank headquarters.
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    Justin Sullivan via Getty Images
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    Deep Dive

    4 ways that recent banking failures will impact the multifamily sector

    After the collapse of Silicon Valley Bank and Signature, multifamily borrowers could face challenges finding construction debt and loans from smaller lenders.

    By • April 12, 2023
  • Modern apartment complex with a pool in the foreground.
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    Permission granted by MAA
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    MAA takes the No. 1 spot on NMHC’s Top 50 Owners list

    Greystar jumped from the sixth spot to second in the 2023 ranking.

    By • April 10, 2023
  • Apartments with pool in the foreground.
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    Permission granted by Bonaventure
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    DEALS + STARTS

    Bonaventure adds 3 more properties

    The company used the UPREIT structure to make the acquisitions in a difficult environment.

    By • April 10, 2023
  • A high rise apartment from the ground floor
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    ImageGap via Getty Images
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    Opinion

    Real estate GPs need to get out their defensive playbooks

    A few simple moves can help multifamily and commercial real estate GPs run leaner while positioning them to pounce on emerging opportunities.

    By Michael Harris • April 6, 2023
  • Five-story brown and brick apartment building.
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    Permission granted by Campus Apartments
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    Q&A

    How Campus Apartments navigates the volatile transaction market

    The student housing firm closed more than $650 million in transactions last year and is pursuing other deals in 2023.

    By • April 4, 2023
  • Three-level brick apartment building with brown patios.
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    Permission granted by Centerspace
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    DEALS + STARTS

    Centerspace sells 9 Midwestern communities for $144M

    With the disposition of more than 1,500 units in Minnesota and Nebraska, the REIT has reduced its debt.

    By • April 3, 2023
  • Brown four-story apartment buildings.
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    Permission granted by Waterton
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    DEALS + STARTS

    Waterton re-enters Seattle with the purchase of 123-unit property

    As groups that have to raise equity or syndications faded from the market, the Chicago-based firm saw an opportunity.

    By • March 30, 2023
  • businessman is holding a wad of money
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    turk_stock_photographer via Getty Images
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    A ‘double-edged sword’: What you need to know about pref equity

    This type of capital can enhance returns, but it comes with risk.

    By • March 29, 2023
  • Hand on desk on top of papers and a calculator.
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    Daenin Arnee via Getty Images
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    What’s behind the rise of pref equity?

    The funding source is helping apartment owners and developers fill gaps in the capital stack.

    By • March 27, 2023
  • The side of gray apartment building with white railing.
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    Spencer Platt via Getty Images
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    Deal volume fell 76% YOY in February

    Prices fell 8.7% as interest rate increases continued to squeeze the sales market.

    By • March 24, 2023
  • Brown and white apartment building above a garage with people on the street in the foreground.
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    Permission granted by Alliant Strategic Development
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    Q&A

    Los Angeles developer eyes 10,000 affordable units

    By tweaking tax credit policy, Eddie Lorin thinks legislators can help stimulate more apartment development.

    By • March 23, 2023
  • Gray apartment building rendering with trees in the foreground
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    Permission granted by Resia
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    Miami developer laid off 25% of its workforce

    The cuts came at the end of last year as workforce housing producer Resia adjusted its overhead to “new macroeconomic conditions.”

    By • March 22, 2023
  • Coin stack on international banknotes with house model on table.
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    Zephyr18 via Getty Images
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    Multifamily outstanding debt grew by $148B in 2022

    The agencies and mortgage-backed securities portfolios hold almost half of apartment loans.

    By • March 21, 2023
  • Crane and building under construction against blue sky
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    unkas_photo via Getty Images
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    Apartment starts up 24%, posting ‘unexpectedly strong month’

    Looking forward, banking volatility could force the Fed to ease interest rate hikes that had been predicted to slow apartment starts.

    By • March 20, 2023
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    Nuthawut Somsuk via Getty Images
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    Multifamily CMBS servicing and delinquency rates jump

    Trepp data shows the increases are a trend across commercial real estate as owners, such as Blackstone, grapple with higher interest rates.

    By • March 20, 2023
  • office of Silicon Valley Bank
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    Justin Sullivan/Getty Images via Getty Images
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    Bank failures cause uncertainty for contractors

    The collapses of Silicon Valley Bank and Signature Bank could weaken this year’s outlook for commercial real estate and construction, an economist said.

    By Sebastian Obando • March 16, 2023
  • Low angle view of a modern style apartment building, with lots of windows on a sunny, cloudy day
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    Colleen Michaels via Getty Images
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    CBRE: Looming oversupply will be short-lived

    Even with a surplus of multifamily development over the short term, an additional 2.3 million new units will be needed nationwide over the next 10 years, according to a new analysis.

    By • March 15, 2023
  • People walk by a branch of Signature Bank.
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    Spencer Platt via Getty Images
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    Failed Signature Bank had a deep reach in the NYC rental market

    The lender funded approximately 3,000 apartment buildings in the city, according to one source.

    By • March 14, 2023