Rents: Page 2

  • Wall Street sign with american flags and New York Stock Exchange
    Image attribution tooltip
    lucky-photographer via Getty Images
    Image attribution tooltip
    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
  • A street sign marks the intersection of Wall and Broad Streets in Manhattan.
    Image attribution tooltip
    rabbit75_ist/iStock/Getty Images Plus via Getty Images
    Image attribution tooltip
    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
  • Couple looking for apartment. Image taken at average residential area with multiple ownership block of flats type of buildings. Explore the Trendlineâž”
    Image attribution tooltip
    gremlin via Getty Images
    Image attribution tooltip
    Trendline

    Rent Trends

    Seasonality, supply, concessions and more are top of mind for rental owners and operators across the country.

    By Multifamily Dive staff
  • Apartment for rent sign
    Image attribution tooltip
    Blacqbook via Getty Images
    Image attribution tooltip

    Rents are on the rise again, moving close to all-time highs

    Although multifamily operators face challenges including rising costs and high interest rates, demand is keeping absorption consistent in most markets.

    By • May 15, 2024
  • View from the the ground looking up at high rises and Wall St. and Front St. signs.
    Image attribution tooltip
    franckreporter via Getty Images
    Image attribution tooltip
    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
  • American flags in front of marble building
    Image attribution tooltip
    lucky-photographer via Getty Images
    Image attribution tooltip
    REIT Report

    Essex raises revenue guidance

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

    By • May 8, 2024
  • Four-level multi-colored apartment building with trees in the foreground.
    Image attribution tooltip
    Permission granted by Bozzuto
    Image attribution tooltip
    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.
    Image attribution tooltip
    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
    Image attribution tooltip
    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.
    Image attribution tooltip
    Permission granted by Carleton Cos.
    Image attribution tooltip
    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
  • The Denver skyline
    Image attribution tooltip
    miroslav_1 via Getty Images
    Image attribution tooltip

    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
  • Photo looking up at high rises and Wall Street sign.
    Image attribution tooltip
    franckreporter via Getty Images
    Image attribution tooltip
    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
  • San Francisco skyline at night
    Image attribution tooltip
    iStock/Getty via Getty Images
    Image attribution tooltip

    $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
  • A detached single-family home.
    Image attribution tooltip
    Permission granted by Greystar
    Image attribution tooltip
    Q&A

    Greystar eyes build-to-rent expansion

    The multifamily giant has 4,500 BTR homes in development and 2,000 more in the planning stages.

    By • April 26, 2024
  • Orange apartments leasing sign
    Image attribution tooltip
    Michael Vi via Getty Images
    Image attribution tooltip

    Gen Z to pay $145K in rent by age 30

    While millennials paid less for rent in their 20s than their younger counterparts, they also earned less on average.

    By • April 18, 2024
  • The Spokane, Washington, cityscape.
    Image attribution tooltip
    Solidago via Getty Images
    Image attribution tooltip

    The multifamily markets where expenses are rising the fastest

    While total operating cost growth has slowed somewhat, insurance premiums are increasing, especially in disaster-prone areas.

    By • April 16, 2024
  • A clubroom with hanging lights, tables and seating.
    Image attribution tooltip
    Permission granted by Hillpointe
    Image attribution tooltip
    Q&A

    Hillpointe rises to the top

    The firm’s fully integrated approach provides a unique competitive advantage, according to co-founder Steven Campisi.

    By • April 11, 2024
  • Angle view of an apartment building with a cloudy sky.
    Image attribution tooltip
    Kirpal Kooner via Getty Images
    Image attribution tooltip

    Rent growth sees largest gain in 20 months

    The national average rent rose $8 in March, and demand for units remains strong.

    By • April 10, 2024
  • Business, technology, internet and networking concept. Young businessman working on his laptop in the office, select the icon Fraud prevention on the virtual display
    Image attribution tooltip
    putilich via Getty Images
    Image attribution tooltip

    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 • April 9, 2024
  • A person writes on a check.
    Image attribution tooltip
    fluxfoto via Getty Images
    Image attribution tooltip

    Nearly half of renters still pay by check

    A new report says that ACH payments are the top choice when it comes to electronic options.

    By • April 3, 2024
  • From above photo of an employee on a laptop computer while sitting at desk with notebook, pen and eyeglasses.
    Image attribution tooltip
    miniseries via Getty Images
    Image attribution tooltip
    Opinion

    5 steps to mitigate revenue management software risks

    As the multifamily sector comes under unprecedented levels of antitrust scrutiny, owners and managers must take steps to protect themselves, attorney David D. Cross says.

    By David D. Cross • March 29, 2024
  • An aerial view of the Miami skyline.
    Image attribution tooltip
    felixmizioznikov/iStock/Getty Images Plus via Getty Images
    Image attribution tooltip

    Renter competition runs hot in Midwest, Sun Belt markets

    In some cities, demand for units is high and new supply is low or even nonexistent.

    By • March 25, 2024
  • Atlanta skyline over Piedmont Park
    Image attribution tooltip
    Marilyn Nieves via Getty Images
    Image attribution tooltip

    The cities with the largest volume of loan maturities

    Atlanta, Dallas and Denver lead the way, as $525 billion in overall apartment loans are expected to mature by 2029.

    By • March 25, 2024
  • The exterior of the Department of Justice in Washington, D.C.
    Image attribution tooltip
    robertcicchetti via Getty Images
    Image attribution tooltip

    Report: DOJ opens criminal probe into RealPage, multiple landlords

    The Justice Department also has an ongoing civil investigation into the data and software provider.

    By • March 25, 2024
  • A condominium building with white walls and an angular roof.
    Image attribution tooltip
    ntzolov via Getty Images
    Image attribution tooltip

    Rents rise slightly, ending 7-month decline

    Market trends are in flux, with deliveries on the rise and occupancy falling.

    By • March 18, 2024
  • Brown residential buildings with blue sky
    Image attribution tooltip
    Arturo Rosenow via Getty Images
    Image attribution tooltip

    Multifamily logs biggest jump in distress in 18 months

    The sector’s 80 bps increase was higher than any other commercial real estate segment.

    By • March 18, 2024
  • Detached homes with a parking lots, cars and a pond in the foreground
    Image attribution tooltip
    Permission granted by Champion Real Estate Co.
    Image attribution tooltip
    Q&A

    Student housing firm sets sights on Power Five conference schools

    Champion Real Estate avoids the amenity wars by purchasing and renovating older properties.

    By • March 15, 2024