Capital: Page 15
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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 Leslie Shaver • May 11, 2023 -
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 Leslie Shaver • May 10, 2023 -
Trendline
Top 5 stories from Multifamily Dive
A roundup of some of Multifamily Dive’s top stories of 2024.
By Multifamily Dive staff -
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 Leslie Shaver • May 10, 2023 -
Q&A
Centerspace’s new CEO outlines her priorities
Anne Olson’s first focus will be property operations and centralization.
By Leslie Shaver • May 9, 2023 -
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 Leslie Shaver • May 8, 2023 -
REIT Report
UDR reports same-store NOI growth of 11.7%
Executives noted that new supply is forcing concessions in certain Southeastern markets.
By Leslie Shaver • May 5, 2023 -
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 Leslie Shaver • May 3, 2023 -
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 Leslie Shaver • May 2, 2023 -
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 Leslie Shaver • May 1, 2023 -
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 Leslie Shaver • April 28, 2023 -
MBA: Multifamily mortgage delinquency rates increased in Q1
The apartment sector still has fewer problem loans than other CRE asset classes.
By Leslie Shaver • April 28, 2023 -
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 Jennifer Goodman • Updated Sept. 20, 2023 -
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 Mary Salmonsen • Updated May 31, 2023 -
Multifamily prices drop more than other CRE sectors
Apartment sales volume fell 64% from last year’s record high.
By Leslie Shaver • April 24, 2023 -
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 Leslie Shaver • April 24, 2023 -
Texas foreclosures foreshadow Class C troubles
The Applesway Investment Group portfolio suffered from neglect and changing market conditions.
By Leslie Shaver • April 24, 2023 -
DEALS + STARTS
Beacon nabs 2 newly completed projects
The company adds to its portfolio with two projects near Atlanta.
By Leslie Shaver • April 19, 2023 -
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 Leslie Shaver • April 18, 2023 -
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 Leslie Shaver • April 18, 2023 -
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 Leslie Shaver • April 17, 2023 -
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 Leslie Shaver • April 17, 2023 -
Multifamily CMBS delinquencies, servicing transfers continue to rise
The percentage of loans transferred has nearly doubled over the past year.
By Leslie Shaver • April 14, 2023 -
Boston Financial stays atop NMHC syndicator list
Though portfolios remain relatively stable, some see a need for more tax credits.
By Leslie Shaver • April 13, 2023 -
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 Leslie Shaver • April 12, 2023 -
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 Leslie Shaver • April 10, 2023