Rents: Page 10
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DEALS + STARTS
Hines makes second-largest purchase in South Florida history
After tracking Gables Station since February, Hines closed on the property in July after another buyer dropped out.
By Leslie Shaver • Sept. 9, 2022 -
Rent growth fell in August
Yardi expects a slowdown through the end of 2022, though YOY rent growth remains high at the national and metro levels.
By Mary Salmonsen • Sept. 8, 2022 -
Trendline
Top 5 stories from Multifamily Dive
A roundup of some of Multifamily Dive’s top stories of 2024.
By Multifamily Dive staff -
PROJECT SPOTLIGHT
New Greystar luxury tower takes design cues from neighboring church
The $100 million 525 Olive is San Diego's highest residential building, according to the developer.
By Mary Salmonsen • Aug. 30, 2022 -
NYC landlords pay $4M total to settle rent control, kickback allegations
The 29 companies were involved in a scheme to deregulate rent-stabilized apartments, according to the state’s attorney general.
By Jennifer Goodman • Aug. 26, 2022 -
Apartment deliveries hit 50-year high
New York City passes Dallas in completions as new openings rise around the country.
By Leslie Shaver • Aug. 24, 2022 -
DEALS + STARTS
Odyssey Properties acquires 304 units in Florida
The Los Angeles-based firm bought two properties for $53 million.
By Leslie Shaver • Aug. 22, 2022 -
Q&A
A slowing market may allow this owner to make more deals
As rising rates weed out some buyers, Excelsa sees the opportunity to make acquisitions.
By Leslie Shaver • Aug. 22, 2022 -
Q&A
Migration is only one driver behind strong leasing in Texas
In leasing 110 apartments in one month at a North Texas property, Carbon Cos. sees residents come from a variety of places.
By Leslie Shaver • Aug. 18, 2022 -
Freddie Mac: Over half of tenants saw rising rents in the past 12 months
Of the renters with higher costs this year, almost 20% reported they are extremely likely to miss a payment.
By Mary Salmonsen • Aug. 18, 2022 -
New prospect traffic, applications slow
A corresponding increase in vacancies is reducing upward pressure on prices, according to MRI Real Estate Software.
By Mary Salmonsen • Aug. 15, 2022 -
Q&A
Why one executive says revenue growth is unsustainable
Property values may fall, Venterra Realty’s John Foresi says, but the long-term outlook is still in multifamily’s favor.
By Leslie Shaver • Aug. 12, 2022 -
Rent growth deceleration picks up steam in July
Price increases are moderating against a slowing economy, but rents remain high against historic trends, according to Yardi and RealPage.
By Mary Salmonsen • Aug. 11, 2022 -
Q&A
Why it’s harder to find value-add properties
Memphis, Tennessee-based Fogelman Properties has ramped up its buying engine, but it has to look hard to find deals.
By Leslie Shaver • Aug. 8, 2022 -
Freddie Mac expects multifamily contraction through the end of 2022
Macroeconomic headwinds include inflation and rising Treasury rates.
By Mary Salmonsen • Aug. 3, 2022 -
Georgia senator introduces legislation to bolster military housing nationwide
Raphael Warnock proposed a series of bills to address the Basic Allowance for Housing, increase homeownership and build more homes for service members.
By Leslie Shaver • Aug. 2, 2022 -
Q&A
Why one apartment owner is betting on North Carolina
As Magma Equities secures more deals, it’s able to unearth more buying opportunities.
By Leslie Shaver • July 26, 2022 -
It costs nearly $4,000 to replace a resident when they leave
Property managers say they must forgo lost rents and give away concessions when a renter departs.
By Leslie Shaver • July 19, 2022 -
LIHTC expiration affects deeply affordable properties the most
When income restrictions are removed, units affordable to people making 30% of area median income disappear.
By Leslie Shaver • July 19, 2022 -
Rent hits new highs, but rent growth slows
Although the rate of rent growth is decelerating, the national average asking rent rose to $1,706 in June, according to Yardi Matrix.
By Mary Salmonsen • July 18, 2022 -
Q&A
One owner sits at 99.5% occupancy at some properties in Miami
Seeing strong fundamentals, Trion Properties is still buying despite capital market volatility.
By Leslie Shaver • July 15, 2022 -
After leaving the tax credit program, many properties see modest rent increases
Generally, former Low-Income Housing Tax Credit apartment communities remain affordable to those making 60% of AMI, according to Freddie Mac.
By Leslie Shaver • July 12, 2022 -
Q&A
RealPage economist: Rent growth likely to moderate in the second half of 2022
Current growth rates are not sustainable in the long term, according to Jay Parsons.
By Mary Salmonsen • July 8, 2022 -
Equity Residential to pay $2M in Washington, D.C., 'rent hike scam' case
The lawsuit from the district’s attorney general alleged that the company had leased rent-controlled units at an undisclosed discount, then raised rents based on the actual rate.
By Mary Salmonsen • July 8, 2022 -
Sleeping pods: coming to a high-rent neighborhood near you?
The controversial concept that’s catching on in California could be a dystopian fantasy or a solution to the country’s severe housing shortage.
By Robyn Griggs Lawrence • July 6, 2022 -
15% of Americans behind on rent payments
1.2 million are at risk of eviction, according to the latest Census data, but market-rate property owners say their tenants aren’t feeling the pain – yet.
By Leslie Shaver • July 5, 2022