Capital: Page 18

  • Real estate agent holding keys to new flat.
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    simpson33 via Getty Images
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    Chetrit Group looks to reduce debt in its troubled 43-property portfolio

    The New York City–based company is under contract to sell 12 of its assets.

    By • Jan. 24, 2023
  • Wood-framed apartment building under construction.
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    Maudib via Getty Images
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    OUTLOOK 2023

    3 reasons why labor, material and land prices may ease in 2023

    Construction costs for developers should moderate this year, experts say.

    By • Jan. 23, 2023
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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
  • 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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    $448M loan backing 62 San Francisco properties goes into default

    Veritas, the city’s biggest landlord, is looking for a partner to help recapitalize the assets.

    By • Jan. 20, 2023
  • Walkway leading along the new colorful cmplex of apartment buildings, Gdansk, Poland
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    ewg3D via Getty Images
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    Apartment sales volume drops 17% in 2022

    Prices also fell from November to December.

    By • Jan. 20, 2023
  • Apartment property with a pool in the foreground.
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    Permission granted by Fogelman Properties
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    DEALS + STARTS

    Fogelman makes a purchase near the University of Georgia

    The Memphis, Tennessee-based firm acquired 1,660 units, totaling $291 million, in 2022.

    By • Jan. 19, 2023
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    lucky-photographer via Getty Images
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    OUTLOOK 2023

    3 questions about REITs in 2023

    The public companies could see an opportunity to get more aggressive in the new year, but deteriorating fundamentals may provide challenges.

    By • Jan. 18, 2023
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    matejmo via Getty Images
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    OUTLOOK 2023

    Apartment investors look for discounts in 2023

    With $249 billion in debt maturing in the next two years, some owners may have to sell regardless of whether they’re ready.

    By • Jan. 17, 2023
  • Brown, two-story apartments.
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    Permission granted by Trion Properties
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    DEALS + STARTS

    Trion scores 37% rate of return on Oregon deal

    The company sold Fox Meadows in Portland for $19.35 million after holding it for two years.

    By • Jan. 12, 2023
  • Exterior view of multifamily residential building under construction.
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    Sundry Photography via Getty Images
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    OUTLOOK 2023

    Capital challenges squeeze apartment developers

    With financing harder to obtain, some firms may press pause on construction in 2023.

    By • Jan. 12, 2023
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    webking via Getty Images
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    CMBS delinquency rate rises in December

    Multifamily’s 36-basis-point increase topped all commercial real estate sectors.

    By • Jan. 10, 2023
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    alfexe via Getty Images
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    Multifamily loans top $2 trillion for the first time

    The inventory of multifamily loans for the GSEs, life insurers, banks and thrifts, and securitization vehicles rose in the third quarter.

    By • Jan. 4, 2023
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    Cecilie_Arcurs via Getty Images
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    UC Investments injects $4B into Blackstone’s REIT

    Blackstone will contribute $1 billion of its current BREIT holdings to a strategic venture with the University of California’s investment arm.

    By • Jan. 4, 2023
  • A Wall St. sign with American flags in the background next to the New York Stock Exchange (NYSE).
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    Spencer Platt via Getty Images
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    Lennar postpones plans to spin off multifamily subsidiary

    The builder is going to "wait for the right timing" to spin off Quarterra, according to CEO Stuart Miller.

    By • Dec. 21, 2022
  • Federal Reserve building at night
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    Alex Wong via Getty Images
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    Fed may cut rates in mid-2023: Fannie Mae

    The U.S. economy will likely enter a mild recession during the first quarter after a slump in manufacturing and consumer spending, according to Fannie Mae economists.

    By Jim Tyson • Dec. 21, 2022
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    olaser via Getty Images
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    Multifamily mortgage debt outstanding increases by $36B

    Commercial banks saw the biggest increase in Q3, followed by life insurers.

    By • Dec. 19, 2022
  • Brown, white and blue apartment building with street in the foreground.
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    Permission granted by Housing Trust Group
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    Q&A

    Florida developer: Affordable housing production could face ‘bloodbath’ in 2023

    Matthew A. Rieger said a concerted national effort is needed to fill the country’s housing gap.

    By • Dec. 16, 2022
  • Freddie Mac's headquarters' signage
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    Chip Somodevilla via Getty Images
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    Freddie Mac Multifamily adds 2 senior VPs

    The GSE has finalized its management team as experts expect it to take on more of the multifamily lending market in 2023.

    By • Dec. 16, 2022
  • Jerome Powell, testimony, U.S. House, Financial Services Committee
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    Win McNamee via Getty Images
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    Fed raises main rate by half point, signals higher level in 2023

    Fed Chair Jerome Powell said that recent progress in reducing inflation is not enough to forestall increases in borrowing costs in 2023.

    By Jim Tyson • Dec. 15, 2022
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    Vadym Petrochenko via Getty Images
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    Multifamily servicing rates continue to increase

    The overall CRE servicing rate increased for the fourth month in a row.

    By • Dec. 14, 2022
  • A building wall engraved with the words Wall Street.
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    Spencer Platt via Getty Images
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    Blackstone says it won’t force asset sales from BREIT

    News that the firm was limiting withdrawals from its $69 billion real estate income trust has led to speculation among multifamily watchers.

    By • Dec. 14, 2022
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    KentWeakley via Getty Images
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    Camden enters the BTR sector

    The apartment REIT has two projects in master-planned communities in its hometown of Houston.

    By • Dec. 13, 2022
  • Four-story apartments with brick and brown and tan siding.
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    Permission granted by The Milestone Group
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    DEALS + STARTS

    Milestone acquires 870 units in Northern Virginia

    By assuming the existing financing, the Dallas firm purchased three properties in Fairfax County.

    By • Dec. 9, 2022
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    Christopher Furlong via Getty Images
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    Small signs point to increasing delinquency rates

    Fannie Mae sees late loan payments decrease while they rise for Freddie Mac.

    By • Dec. 8, 2022
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    krblokhin via Getty Images
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    Apartment transactions plummet

    The sales market won't take off until interest rates stabilize, says CBRE exec.

    By • Dec. 6, 2022
  • white apartment building
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    Permission granted by TWG
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    Q&A

    Nonprofits help affordable developer in the land-buying process

    For companies like TWG that operate in colder climates, timing can help determine the success of a project.

    By • Dec. 2, 2022