Capital: Page 7
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Sundry Photography via Getty Images
Starts increase compared to May
However, completions jumped as new supply continues to represent a near-term threat.
By Leslie Shaver • July 22, 2024 -
Permission granted by Hamilton Point Investments
Q&AFinance 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 Leslie Shaver • July 18, 2024 -
Retrieved from Flaherty & Collins.
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 Leslie Shaver • July 17, 2024 -
webking via Getty Images
Trepp: Multifamily CMBS delinquency moves past 2%
The special servicing rate for apartments fell in June but remained above 5%.
By Leslie Shaver • July 15, 2024 -
Retrieved from Crescent Heights.
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 Leslie Shaver • July 12, 2024 -
Permission granted by Morgan Properties
Morgan acquires 3,434 units in its home state
The apartment owner plans $80 million in upgrades at the 11 properties in Pennsylvania.
By Leslie Shaver • July 10, 2024 -
andresr via Getty Images
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 Leslie Shaver • July 9, 2024 -
Permission granted by Mill Creek
DEALS + STARTSInside 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 Leslie Shaver • July 8, 2024 -
Permission granted by KKR
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 Leslie Shaver • June 28, 2024 -
elxeneize via Getty Images
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 Leslie Shaver • June 27, 2024 -
ribeirorocha via Getty Images
Apartment starts plummet 52%
Completions for buildings with five or more units rose only 0.8% in May as investors eyed new buildings.
By Leslie Shaver • June 25, 2024 -
Permission granted by KGD Architecture
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 -
Retrieved from NAI Ohio Equities on June 13, 2024
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 -
Permission granted by Matheson Capital
DEALS + STARTSGrowing 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 Leslie Shaver • June 24, 2024 -
Permission granted by Leon Capital Group
Q&AInside 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 Leslie Shaver • June 20, 2024 -
Courtesy of Foster + Partners & Kerry Hill Architects
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 -
Permission granted by Palladius Capital Management
DEALS + STARTSPalladius 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 Leslie Shaver • June 18, 2024 -
olaser via Getty Images
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 Leslie Shaver • June 17, 2024 -
Permission granted by Nuveen
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 Leslie Shaver • June 14, 2024 -
Permission granted by Cushman & Wakefield Multifamily Asset Services
Q&AWoody 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 Leslie Shaver • June 11, 2024 -
Permission granted by CBRE
DEALS + STARTSNuveen lands Minneapolis-area property for almost $50M
Capreit sold the four-building, 282-unit complex that was built in 1998.
By Leslie Shaver • June 10, 2024 -
Retrieved from Tribeca NoMa.
Another DC building heads to auction
A second apartment in Washington’s NoMa neighborhood faces foreclosure.
By Leslie Shaver • June 6, 2024 -
Permission granted by Bozzuto
Q&AHow 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 -
Permission granted by Cityview
DEALS + STARTSCityview, 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 -
Retrieved from The Lanes at Union Market.
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
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