Capital: Page 2

  • High rise building with a Whole Foods in the foreground
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    Retrieved from Flaherty & Collins.
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    Lender moves to foreclose on Flaherty & Collins’ Indianapolis high-rise

    Prime Finance is suing for $101 million after the apartment developer allegedly defaulted on payments on the 27-story property.

    By • July 17, 2024
  • Photo of a invoice with past due stamp
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    webking via Getty Images
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    Trepp: Multifamily CMBS delinquency moves past 2%

    The special servicing rate for apartments fell in June but remained above 5%.

    By • July 15, 2024
  • the bottom of a high-rise building in San Francisco surrounded by streets smaller buildings
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    Retrieved from Crescent Heights.
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    Crescent Heights secures loan modification at beleaguered San Francisco property

    The developer will retain control of the 754-unit NEMA San Francisco apartment complex after paying its lenders $10.5 million.

    By • July 12, 2024
  • Aerial picture of brick apartments, grass, parking lots and a pool.
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    Permission granted by Morgan Properties
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    Morgan acquires 3,434 units in its home state

    The apartment owner plans $80 million in upgrades at the 11 properties in Pennsylvania.

    By • July 10, 2024
  • A person showing a property through an online video call using a tablet computer.
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    andresr via Getty Images
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    Proptech funding drops 14.3%

    Ninety-one percent of tech firms anticipate raising capital, and 45% expect that to happen in the next 10 to 12 months.

    By • July 9, 2024
  • Picture of a pool at an apartment property
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    Permission granted by Mill Creek
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    DEALS + STARTS

    Inside Mill Creek’s evolution to a full-service investment management firm

    Although the Florida-based developer made its name in new construction, value-add purchases and structured products will represent a larger part of the business going forward.

    By • July 8, 2024
  • Bright colored high-rise apartments towering above nearby properties.
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    Permission granted by KKR
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    KKR purchases Quarterra portfolio for $2.1B

    Carter-Haston, MG Properties and Dalan Real Estate will operate the assets for the New York City-based global investment firm.

    By • June 28, 2024
  • Tan and brown brick apartment building with balconies
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    elxeneize via Getty Images
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    MSCI: Prices have fallen over 20% in less than 2 years

    Additionally, apartment sales dropped 44% year over year in May to $6.7 billion.

    By • June 27, 2024
  • Construction framing of wood building.
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    ribeirorocha via Getty Images
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    Apartment starts plummet 52%

    Completions for buildings with five or more units rose only 0.8% in May as investors eyed new buildings.

    By • June 25, 2024
  • A rendering of the exterior of a multifamily building.
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    Permission granted by KGD Architecture
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    Clark makes headway on first affordable housing project in Tysons, Virginia

    Amazon is funding $56 million of the project through its housing equity fund.

    By Zachary Phillips • June 24, 2024
  • A rendering of new construction on the Merchant Building in Columbus, Ohio, at night.
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    Retrieved from NAI Ohio Equities on June 13, 2024
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    Merchant Building to add 174 units to downtown Columbus, Ohio

    Gilbane is building the 32-story mixed-use structure, which is scheduled to open in 2026.

    By Matthew Thibault • June 24, 2024
  • Light blue garden-style apartment with grass in the foreground.
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    Permission granted by Matheson Capital
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    DEALS + STARTS

    Growing Charleston, South Carolina-based firm enters Georgia, making its largest deal to date

    Matheson Capital purchased the 248-unit Residences at St. George in Savannah — its 14th acquisition as the lead sponsor.

    By • June 24, 2024
  • Ground floor of new, white apartment complex with Soltra Kierland sign.
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    Permission granted by Leon Capital Group
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    Q&A

    Inside a Dallas developer’s plan for 2,000 starts this year

    The president of Leon Capital Group’s multifamily division sees an opportunity to deliver new apartments into rent growth.

    By • June 20, 2024
  • A rendering shows the vision for two residential towers in Beverly Hills, California.
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    Courtesy of Foster + Partners & Kerry Hill Architects
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    Cain International, OKO Group start $5B mixed-use development in California

    Turner Construction will lead site management on One Beverly Hills, which includes two condo towers and an Aman Group hotel.

    By Joe Bousquin • Updated June 24, 2024
  • New apartment building surrounded by a pool
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    Permission granted by Palladius Capital Management
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    DEALS + STARTS

    Palladius Capital Management grabs a student property in San Antonio

    CEO Nitin Chexal explains why the firm has invested $170 million along the I-35 corridor over the last 12 months.

    By • June 18, 2024
  • Bank corporate finance building seen from below. The sign "bank" visible close.
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    olaser via Getty Images
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    Trepp: Delinquencies increase again as servicing rate rises

    There was $245 million in newly delinquent multifamily loans during the month of May, according to Trepp.

    By • June 17, 2024
  • Brown, brick garden-style apartments
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    Permission granted by Nuveen
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    Nuveen strikes $100M deal with CalPERS

    The nation’s fourth-largest owner is working to preserve housing for residents earning less than 80% of the area median income.

    By • June 14, 2024
  • A table with chairs in a common area in a luxury apartment building
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    Permission granted by Cushman & Wakefield Multifamily Asset Services
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    Q&A

    Woody Stone sees more M&A coming in the management space

    The president of Cushman & Wakefield Multifamily Asset Services says some larger owners are moving to limit the number of operators they work with.

    By • June 11, 2024
  • Apartment property with trees and grass to the right
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    Permission granted by CBRE
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    DEALS + STARTS

    Nuveen lands Minneapolis-area property for almost $50M

    Capreit sold the four-building, 282-unit complex that was built in 1998.

    By • June 10, 2024
  • Dark high-rise apartment building
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    Retrieved from Tribeca NoMa.
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    Another DC building heads to auction

    A second apartment in Washington’s NoMa neighborhood faces foreclosure.

    By • June 6, 2024
  • Light colored modern apartment building with a grocery on the ground floor
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    Permission granted by Bozzuto
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    Q&A

    How Bozzuto evaluates new construction projects

    President of development Mike Henehan says the company is looking at location, partners and the overall structure of deals.

    By • June 5, 2024
  • Four story building with Peets Coffee on the ground floor
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    Permission granted by Cityview
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    DEALS + STARTS

    Cityview, Greystar sell California property

    Although a buyer wasn’t named, the 164-unit asset in Mountain View is now listed on Essex Property Trust’s website.

    By • June 3, 2024
  • Brick apartment building
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    Retrieved from The Lanes at Union Market.
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    Ranger Properties’ Washington, DC, building sold at auction

    HH Fund bought the 110-unit project in the city’s Union Market neighborhood for $38.3 million.

    By • May 31, 2024
  • Two-story brown, brick apartments with grass and tree in the foreground.
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    Permission granted by Lion Real Estate Group
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    DEALS + STARTS

    Lion Real Estate Group moves into Charlotte, North Carolina

    The real estate investment and asset management firm has acquired a 225-unit apartment complex in the northern part of the the city.

    By • May 29, 2024
  • The evening sun is reflected in the modern apartment building with balconies.
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    deepblue4you via Getty Images
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    MSCI: Cap rates increase 50 bps to 5.4%

    Transaction volume fell almost 50% year over year to $4.5 billion.

    By • May 28, 2024