Capital: Page 3
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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 Leslie Shaver • June 5, 2024 -
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 Leslie Shaver • June 3, 2024 -
Trendline
Top 5 stories from Multifamily Dive
A roundup of some of Multifamily Dive’s top stories of 2024.
By Multifamily Dive staff -
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 Leslie Shaver • May 31, 2024 -
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 Leslie Shaver • May 29, 2024 -
MSCI: Cap rates increase 50 bps to 5.4%
Transaction volume fell almost 50% year over year to $4.5 billion.
By Leslie Shaver • May 28, 2024 -
Sustainability is a ‘differentiator’ for multifamily developers
With regulations and incentives now widespread, experts encourage looking at energy-efficient features with an entrepreneurial lens.
By Mary Salmonsen • May 23, 2024 -
REITs beat expectations in Q1
Strong occupancy and resident retention set the stage for outperformance.
By Leslie Shaver • May 23, 2024 -
Apartment starts continue to drop
Permits also fell during April, while completions rose 18%.
By Leslie Shaver • May 22, 2024 -
Q&A
Harbor Group eyes more buys
The nation’s No. 19 apartment owner thinks the window is open to acquire newly built assets.
By Leslie Shaver • May 21, 2024 -
REIT Report
Renewal and new lease rates diverge for MAA
The REIT’s existing residents paid 5% more YOY in Q1, but supply pushed new rents down 6.2%.
By Leslie Shaver • May 20, 2024 -
Trepp: Servicing rate passes 5% for first time in 7 years
Apartment distress also jumped in April, according to Cred iQ.
By Leslie Shaver • May 17, 2024 -
Another massive San Fran portfolio heading back to its lender
Goldman Sachs and Ballast Investments are expected to hand 1,200 apartments to RBC Real Estate Capital Corp.
By Leslie Shaver • May 16, 2024 -
REIT Report
Camden sees favorable trends in insurance, taxes and bad debt
Although supply remains a problem, demand is durable in the REIT’s markets.
By Leslie Shaver • May 15, 2024 -
DEALS + STARTS
Bell buys 492-unit property in Southern California for $146M
The addition of Bell Murrieta Springs gives the owner and operator 11 properties in the region.
By Leslie Shaver • May 15, 2024 -
REIT Report
UDR plans to back off of high occupancy to boost rents
Despite solid results, the REIT isn’t raising its full-year guidance.
By Leslie Shaver • May 13, 2024 -
DEALS + STARTS
American Landmark grabs a 444-unit deal in Tampa
The apartment owner was able to secure lower insurance than its competitors, which helped it purchase the waterfront property.
By Leslie Shaver • May 13, 2024 -
Essex assumes ownership of California asset
The REIT had provided a $14.7 million preferred investment in the 75-unit community in Sunnyvale.
By Leslie Shaver • May 9, 2024 -
REIT Report
Essex raises revenue guidance
Improvement in delinquencies helped power the REIT’s better-than-expected first-quarter numbers.
By Leslie Shaver • May 8, 2024 -
DEALS + STARTS
Bozzuto makes first acquisition in 16 years with Gables purchase
With development becoming more difficult to underwrite, the company is focused on buying stabilized properties on the East Coast.
By Leslie Shaver • May 7, 2024 -
REIT Report
AVB beats estimates, raises guidance
Strong occupancy and low move-outs to buy homes gave the REIT pricing power into spring leasing season.
By Leslie Shaver • May 6, 2024 -
Q&A
Carleton Management Services’ new CEO sees a path for midsize firms
As operators go through a period of consolidation, Tasha Krawiec says some owners prefer smaller firms.
By Leslie Shaver • May 6, 2024 -
MLG Capital uses unique approach to make $51M buy in Denver
The Wisconsin-based firm bought Lowry North in a transaction that provided tax benefits to the seller.
By Leslie Shaver • May 3, 2024 -
REIT Report
EQR continues trend of record-low turnover
The REIT’s expenses rose only 1.3% thanks to lower maintenance and utility costs.
By Leslie Shaver • May 1, 2024 -
$1.5B San Francisco loan heads to servicing
Maximus Real Estate Partners owns Parkmerced, a 3,221-unit housing complex in San Francisco.
By Leslie Shaver • April 30, 2024 -
Washington, DC, apartment building heads to auction
Ranger Properties’ new 110-unit project in the Union Market neighborhood was recently foreclosed upon.
By Leslie Shaver • April 29, 2024