Capital: Page 16
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Permission granted by Northland
DEALS + STARTSNorthland makes ninth acquisition in Georgia since entering the state in 2020
The company assumed existing financing on Glenwood at Grant Park.
By Leslie Shaver • Aug. 1, 2023 -
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RMR Group to acquire Carroll for $80M
With the all-cash purchase, asset manager RMR enters the only major commercial real estate sector in which it did not already have a significant presence.
By Jennifer Goodman , Leslie Shaver • July 31, 2023 -
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Apartment starts fall 11.2% YOY
Permits fell 33%, while completions of five or more units also declined in June.
By Leslie Shaver • July 28, 2023 -
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Rate hike will put pressure on some multifamily assets
Policymakers chose to raise interest rates to a range between 5.25% to 5.5% — the highest since 2001.
By Leslie Shaver • July 27, 2023 -
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The apartment industry battles insurance price hikes
As costs jump 100% or more in some states, multifamily leaders look for solutions.
By Multifamily Dive Staff • July 26, 2023 -
Permission granted by The RADCO Cos.
Q&ARADCO exec discusses plan to reach 25,000 units
Centralization and AI will play key roles as the Atlanta-based company looks to grow through acquisitions, says Chris Simon.
By Leslie Shaver • July 25, 2023 -
Sundry Photography via Getty Images
Senior housing investors expect rent growth in 2023
Almost one-third of CBRE survey respondents are underwriting growth of 7% or more for assisted living.
By Mary Salmonsen • July 25, 2023 -
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Brookfield makes cuts in its commercial development group
As construction slows, other companies are also scaling back.
By Leslie Shaver • July 24, 2023 -
Andrii Yalanskyi via Getty Images
MSCI: Sales volume plummets 72%
Apartment prices fell 11.7% in Q2, which was the biggest decline among all major commercial property sectors.
By Leslie Shaver • July 24, 2023 -
Permission granted by Brazos Residential
DEALS + STARTSAfter a buying spree in 2022, Brazos picks up 2 more Texas properties
The company founded by brokerage veterans William Hancock and James Roberts has secured all its properties in off-market purchases.
By Leslie Shaver • July 19, 2023 -
Mikey_Man via Getty Images
Insurance IssuesRising insurance costs could force apartment sales, threaten new development
Premium increases create a host of issues for multifamily executives, who are already struggling with multiple financial challenges.
By Leslie Shaver • July 18, 2023 -
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Trepp: Troubled multifamily loans help push CRE servicing rate higher
The percentage of delinquent apartment loans also rose.
By Leslie Shaver • July 17, 2023 -
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UDR’s LaSalle deal shows continued appetite from international investors, analysts say
The REIT will seed a $510 million joint venture with LaSalle Investment Management with four properties.
By Leslie Shaver • July 13, 2023 -
Permission granted by Hoffman & Associates
DC’s Hoffman & Associates continues its southward expansion
After moving into Charlotte and Richmond, the company is eyeing other markets in the Southeast.
By Leslie Shaver • July 12, 2023 -
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Q&AConsultant predicts flat material prices for second half of year
Labor shortages, a manufacturing boom and infrastructure work are keeping the industry from returning to pre-pandemic price levels.
By Sebastian Obando • July 11, 2023 -
Permission granted by The NRP Group
NRP adds execs from other firms as it expands to Las Vegas, Phoenix
Mike Moriarty and Austin Kates were hired from The Ardour Co. and The Wolff Co. respectively and will initially focus on market-rate development.
By Leslie Shaver • July 11, 2023 -
Sundry Photography via Getty Images
FHA raises large multifamily loan threshold
Loans of up to $120 million are now eligible for standard underwriting.
By Mary Salmonsen • July 9, 2023 -
Permission granted by Bell Partners
Lili Dunn sees a lot of ‘dry powder’ for apartment investments
The CEO of Bell Partners is eyeing opportunities after the company closed a value-add fund.
By Leslie Shaver • July 5, 2023 -
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Multifamily starts jump 40%
Even as groundbreakings surged, financing woes slowed permit numbers last month.
By Leslie Shaver • July 5, 2023 -
Joe Raedle via Getty Images
Insurance IssuesApartment owners call for insurance reform
By adopting new risk models, lenders could help borrowers reduce costs, experts say.
By Leslie Shaver • July 5, 2023 -
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OpinionHow to apply for GRRP funds
The $4.8 billion Green and Resilient Retrofit Program offers developers and owners direct grants and loans to improve HUD-assisted properties.
By Donald Bernards • June 29, 2023 -
Permission granted by Atlas Real Estate Partners
DEALS + STARTSAtlas grabs a value-add deal in a booming Savannah, Georgia, submarket
With a bustling port nearby and a $5.5 billion Hyundai plant on the way, the Pooler area is seeing rapid job growth.
By Leslie Shaver • June 27, 2023 -
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Despite challenges, real estate pros are optimistic
After hitting rock bottom, industry sentiment is on the rise again despite fears of a mild recession.
By Mary Salmonsen • June 26, 2023 -
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Apartment sales continue their descent
Transactions fell 79% year over year, while prices declined 12.5%.
By Leslie Shaver • June 26, 2023 -
Gian Lorenzo Ferretti Photography via Getty Images
Luxury NYC apartment property goes to servicing
Although The Aire faces issues, multifamily CMBS servicing and delinquency rates have dropped recently.
By Leslie Shaver • June 26, 2023
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