Operations: Page 6
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DEALS + STARTSRPM Living pays $85M for Atlanta-area asset
The Austin, Texas-based firm bought the 407-unit apartment complex from Willow Bridge Property Co.
By Leslie Shaver • April 11, 2024 -
Permission granted by Hillpointe
Q&AHillpointe rises to the top
The firm’s fully integrated approach provides a unique competitive advantage, according to co-founder Steven Campisi.
By Jennifer Goodman • April 11, 2024 -
Explore the Trendlineâž”
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TrendlineTop 5 stories from Multifamily Dive
A roundup of some of Multifamily Dive’s top stories of 2024.
By Multifamily Dive staff -
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Rising rental fraud comes at a cost for property managers
Falsified applications have reduced income or increased expenses by at least 10% for most operators, according to a new report.
By Mary Salmonsen • April 9, 2024 -
monkeybusinessimages via Getty Images
OpinionSurvey says operators should focus on community over frills
More than luxurious amenities, renters want to be treated with a welcoming attitude by staff and other tenants, according to a new NMHC report.
By Sarah Yaussi • April 9, 2024 -
Permission granted by Mike Kelley
Greystar takes the top spot on owners’, managers’ and developers’ lists
Asset Living and RPM Living are No. 2 and No. 3 respectively on the managers’ list, while MAA and Morgan Properties hold the same spots on the owners’ list.
By Leslie Shaver • April 8, 2024 -
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Maryland Supreme Court rules against Kushner Cos.
The lawsuit alleges Kushner-owned Westminster Management charged fees above the state’s legal limit.
By Mary Salmonsen • April 2, 2024 -
Permission granted by Interra Realty
DEALS + STARTSChicago deal fetches a near-decade high price for its submarket
Icarus Investment Group snagged Madison Terrace in the Garfield Park neighborhood for $11 million.
By Leslie Shaver • March 28, 2024 -
Permission granted by JLL
DEALS + STARTSCenterspace sells 2 properties for $19M total
Last year, the REIT jettisoned 13 communities for $226.8 million as it focused on repaying debt.
By Leslie Shaver • March 21, 2024 -
Permission granted by Mary Cook Associates
Properties serve up creative food, beverage offerings
Concepts include drinks on tap, grab-and-go markets and bar spaces open to the public.
By Mary Salmonsen • Updated March 21, 2024 -
photovs via Getty Images
Brooklyn properties transferred to servicing
Three of Conway Capital’s New York City properties are delinquent despite strong occupancy.
By Leslie Shaver • March 19, 2024 -
Permission granted by Champion Real Estate Co.
Q&AStudent housing firm sets sights on Power Five conference schools
Champion Real Estate avoids the amenity wars by purchasing and renovating older properties.
By Leslie Shaver • March 15, 2024 -
kelvn via Getty Images
Q&AHow operators can use big data
A framework for analyzing disparate data sets can help providers notice and take advantage of patterns, according to a tech consultant.
By Mary Salmonsen • March 14, 2024 -
Courtesy of Capital Square
EXECUTIVE MOVESCapital Square names Jay Olander as president and CFO
A 40-year real estate veteran, Olander will also serve as CFO and treasurer of Capital Square’s REIT.
By Mary Salmonsen • March 13, 2024 -
vkyryl via Getty Images
REITs see hurdles for new acquisitions
With asking cap rates still around 5% in many markets, most executives think sellers need to adjust prices.
By Leslie Shaver • March 13, 2024 -
Permission granted by Hartz Mountain Industries
PROJECT SPOTLIGHTHoboken Point caters to NYC-area ‘hybrid’ professionals
The Weehawken, New Jersey, property that will be managed by Greystar includes a 5,200-square-foot coworking center.
By Mary Salmonsen • March 12, 2024 -
Maksym Belchenko via Getty Images
FCC proposal would eliminate broadband bulk billing arrangements
If approved, multifamily housing companies would not be able to choose an internet, cable or satellite provider for a property.
By Mary Salmonsen • March 8, 2024 -
robertcicchetti via Getty Images
FTC, DOJ argue against dismissal of Yardi antitrust case
The agencies contend that competitors must not agree to advertised list prices, even if actual rents vary from that starting point.
By Leslie Shaver • March 8, 2024 -
JARAMA via Getty Images
NAHB: Multifamily starts will continue to decline in 2024
New construction is expected to drop 20% this year, while rents should fall as supply comes online, the association said.
By Mary Salmonsen • March 6, 2024 -
fermate via Getty Images
Some employers consider offering help with housing payments
One in four employees say they would switch jobs to gain this benefit.
By Mary Salmonsen • March 5, 2024 -
Joe Raedle via Getty Images
Multifamily developer confidence remains negative
Tight lending standards and high loan costs have put pressure on the industry.
By Mary Salmonsen • March 4, 2024 -
Permission granted by BH Management Services
Pretium acquires BH Management Services
The Des Moines, Iowa-based No. 8 apartment operator in the country has a portfolio of multifamily, student and single-family housing.
By Leslie Shaver • March 1, 2024 -
Laurence Dutton via Getty Images
How multifamily pros can use generative AI wisely
Before deploying these tools, users should have an understanding of what they can and can’t do — and how they might not work as expected.
By Mary Salmonsen • Feb. 28, 2024 -
JaysonPhotography via Getty Images
REIT ReportMAA sees new lease pricing improve after 7% fall
The REIT’s blended pricing rose 130 basis points in January, and the firm expects fundamentals to improve as the year plays out.
By Leslie Shaver • Feb. 26, 2024 -
Feverpitched via Getty Images
Invitation aims to buy up to $1B in houses in 2024
The single-family rental owner is also looking to expand its new third-party management business.
By Mary Salmonsen • Feb. 23, 2024 -
hamikus via Getty Images
Arizona bill prohibits dog breed restrictions at multifamily properties
Another proposal in California would require property owners to accept all common pets.
By Mary Salmonsen • Feb. 22, 2024
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