Capital: Page 5

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    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 • May 20, 2024
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    simonkr via Getty Images
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    Trepp: Servicing rate passes 5% for first time in 7 years

    Apartment distress also jumped in April, according to Cred iQ.

    By • May 17, 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
  • Aerial panoramic cityscape view of San Francisco skyline with high rises and water to the right.
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    heyengel via Getty Images
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    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 • May 16, 2024
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    rabbit75_ist/iStock/Getty Images Plus via Getty Images
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    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 • May 15, 2024
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    Permission granted by Bell Partners
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    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 • May 15, 2024
  • View from the the ground looking up at high rises and Wall St. and Front St. signs.
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    franckreporter via Getty Images
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    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 • May 13, 2024
  • Five-story white apartments surrounded by palm tress and cars
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    Permission granted by American Landmark
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    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 • May 13, 2024
  • Silicon Valley as viewed from Hunter's Point in Fremont Older Open Space Preserve. The cities of San Jose, Santa Clara, Sunnyvale, and Cupertino are visible.
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    Bill-Dally via Getty Images
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    Essex assumes ownership of California asset

    The REIT had provided a $14.7 million preferred investment in the 75-unit community in Sunnyvale.

    By • May 9, 2024
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    lucky-photographer via Getty Images
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    REIT Report

    Essex raises revenue guidance

    Improvement in delinquencies helped power the REIT’s better-than-expected first-quarter numbers.

    By • May 8, 2024
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    Permission granted by Bozzuto
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    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 • May 7, 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

    AVB beats estimates, raises guidance

    Strong occupancy and low move-outs to buy homes gave the REIT pricing power into spring leasing season.

    By • May 6, 2024
  • Brown brick apartment buildings with streets in the foreground.
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    Permission granted by Carleton Cos.
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    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 • May 6, 2024
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    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 • May 3, 2024
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    franckreporter via Getty Images
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    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 • May 1, 2024
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    iStock/Getty via Getty Images
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    $1.5B San Francisco loan heads to servicing

    Maximus Real Estate Partners owns Parkmerced, a 3,221-unit housing complex in San Francisco.

    By • April 30, 2024
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    Vito Palmisano via Getty Images
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    Washington, DC, apartment building heads to auction

    Ranger Properties’ new 110-unit project in the Union Market neighborhood was recently foreclosed upon.

    By • April 29, 2024
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    ferrantraite via Getty Images
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    KKR buys student portfolio from Blackstone for $1.64B

    With this acquisition, University Partners will have more than 25,000 units under management.

    By • April 26, 2024
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    graphiknation via Getty Images
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    Atlanta office conversion goes to foreclosure

    An affiliate of Plano, Texas-based Wolfe Investments took out a $20 million loan on 41 Marietta St. in July 2021.

    By • April 24, 2024
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    Elena Alex photo via Getty Images
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    Multifamily deal volume drops 25%

    The apartment sector has posted year-over-year transaction declines for seven consecutive quarters.

    By • April 23, 2024
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    Maudib via Getty Images
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    Apartment starts fall more than 43%

    Completions rose 4.6% as developers added more than 500,000 units in March.

    By • April 23, 2024
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    Permission granted by Summit Contracting Group
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    Q&A

    The country’s top apartment builder says higher prices are here to stay

    Summit Contracting Group’s Marc Padgett sees business picking up, but says that construction costs remain stubborn.

    By • April 19, 2024
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    Permission granted by Berkadia
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    DEALS + STARTS

    San Diego-area apartment trades for $82M

    Jackson Square Properties sold a 233-unit community in Chula Vista to Pacific Urban Investors.

    By • April 18, 2024
  • Corner view of a six-story, brick apartment building.
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    Permission granted by Apartment Income REIT Corp
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    4 questions about the Blackstone-AIR deal

    Analysts talk about the implications of last week's acquisition and the potential for more M&A on the horizon.

    By • April 17, 2024
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    Permission granted by Bryten Real Estate Partners
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    MEB Management Services merges with Weller

    The combined company, Bryten Real Estate Partners, will operate nearly 47,000 units across the U.S.

    By • April 16, 2024
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    Kameleon007 via Getty Images
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    S&P puts AIR on watch after Blackstone deal

    The rating agency is concerned that the investment manager is “likely to continue to saddle aggressive debt leverage upon its portfolio companies.”

    By • April 16, 2024