Capital: Page 3

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    Sundry Photography via Getty Images
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    MSCI: Multifamily prices fall 8.4% YOY

    As values continued to stabilize, apartment sales dropped 11% during July.

    By • Aug. 26, 2024
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    Permission granted by HP Investors
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    HP Investors separates from its affiliate

    Isaac Abid will serve as the general partner of the Northern California portfolio under his new venture, Lakeside Group.

    By • Aug. 23, 2024
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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 view of blue toned high-rise buildings in New York City's Wall Street financial district.
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    Milenny via Getty Images
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    REIT Report

    3 things to know from Camden’s earnings call

    The Texas-based REIT still faces heavy supply in many markets, though demand remains strong.

    By • Aug. 21, 2024
  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
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    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
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    REIT Report

    Bad debt not enough to weigh AVB down

    The Virginia-based REIT outperformed again in Q2 with an increase in same-store and development NOI.

    By • Aug. 20, 2024
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    Permission granted by ZOM LIving
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    Q&A

    ZOM aims to diversify into senior housing

    CEO Greg West sees strong demographic growth in the sector, but he also thinks there is an emerging window in market-rate apartments.

    By • Aug. 16, 2024
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    art2002 via Getty Images
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    REIT Report

    MAA in the ‘worst of the storm’ with new supply

    The REIT plans to get more aggressive on the development and acquisition fronts as it sees better days ahead in 2025 and beyond.

    By • Aug. 14, 2024
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    rabbit75_ist/iStock/Getty Images Plus via Getty Images
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    REIT Report

    Essex predicts West Coast rebound

    The California-based REIT increased NOI and revenue guidance for 2024.

    By • Aug. 12, 2024
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    Marilyn Nieves via Getty Images
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    EQR to acquire nearly $1B of apartments from Blackstone

    The properties, located in Atlanta, Dallas and Denver, will help the Chicago-based REIT beef up in its expansion markets.

    By • Aug. 7, 2024
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    kevinjeon00 via Getty Images
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    REIT Report

    UDR raises guidance despite Sun Belt softness

    New leases continue to be challenging due to supply, but the REIT credits a customer service initiative with helping to boost renewals.

    By • Aug. 7, 2024
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    hapabapa via Getty Images
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    REIT Report

    EQR outperforms expectations

    Despite challenges in the Sun Belt, moderating expenses and strong coastal performance helped the REIT in the second quarter.

    By • Aug. 5, 2024
  • Two-level apartment property surrounded by palm trees, cars and a parking lot
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    Permission granted by Excelsa
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    DEALS + STARTS

    Excelsa reenters Florida with a 477-unit acquisition

    The firm plans to spend $8 million upgrading The Drake at St. Pete, a 36-building property in St. Petersburg.

    By • Aug. 5, 2024
  • Four story, new, modern apartment with a Starbucks on the ground floor.
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    Permission granted by Virtú Investments
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    Q&A

    Investor sells in the Sun Belt, buys in California

    When cap rates fell below 3% in Phoenix, Virtú Investments CEO Mike Green knew it was time to shift to lower-supply markets.

    By • Aug. 1, 2024
  • 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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    Ballast and Goldman Sachs give up 82 San Francisco properties

    Owner and manager Hamilton Zanze is reportedly in line to handle the operation of the three portfolios.

    By • Aug. 1, 2024
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    Permission granted by Cortland
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    DEALS + STARTS

    Houston acquisition could be a harbinger of busy second half

    EVP of Investments Kyle Bateh sees a lot of dry powder on the sidelines waiting to make deals.

    By • July 29, 2024
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    Svetlana123 via Getty Images
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    Apartment sales volume finally turns positive as AIR-Blackstone deal closes

    Investment activity jumped 20% in the second quarter after seven consecutive quarters of high double-digit declines, according to MSCI.

    By • July 26, 2024
  • Aerial picture of a garden-style apartment community surrounding water.
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    Permission granted by JBM Institutional Multifamily Advisors
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    DEALS + STARTS

    Inland sells Florida asset to Interface Properties

    JBM Institutional Multifamily Advisors, which brokered the deal, sees the transaction market opening up in the Sunshine State.

    By • July 24, 2024
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    Permission granted by Woodfield Development
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    Q&A

    Why Woodfield thinks now is a good time to get shovels in the ground

    The developer sees an opportunity to open new projects in an advantageous market in 2026, according to partner Greg Bonifield.

    By • July 23, 2024
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    tntemerson via Getty Images
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    5 ways a manager can insulate itself from a distressed owner

    Operators can survive a troubled client by doing their homework, bringing in equity and working with the lender.

    By • July 22, 2024
  • Exterior view of multifamily residential building under construction.
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    Sundry Photography via Getty Images
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    Starts increase compared to May

    However, completions jumped as new supply continues to represent a near-term threat.

    By • July 22, 2024
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    Permission granted by Hamilton Point Investments
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    Q&A

    Finance exec says now is a good time to buy apartments

    Hamilton Point Investments recently bought four new properties in Houston and is ready to make more deals, according to co-founder Matt Sharp.

    By • July 18, 2024
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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
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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
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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