Rents: Page 7
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Apartmentalize 2023
Renters moving to the suburbs bring urban expectations with them
Multifamily pros pondered the lingering impact of the pandemic’s “great migration” at an Apartmentalize session on Wednesday.
By Mary Salmonsen • June 8, 2023 -
Q&A
Maryland SFR development catches on ‘like wildfire’ with active adults
Allen & Rocks moved into single-family rentals at two Brookfield communities, and it learned that a 55-and-over crowd will lease remotely.
By Leslie Shaver • June 2, 2023 -
Trendline
Top 5 stories from Multifamily Dive
A roundup of some of Multifamily Dive’s top stories of 2024.
By Multifamily Dive staff -
Greystar launches attainable housing brand
With some built in the company’s newly opened modular factory, Ltd. by Greystar apartments will limit future rent increases for existing residents.
By Mary Salmonsen • May 30, 2023 -
DEALS + STARTS
$1B mixed-use development planned near Miami
The District in Davie will have 1,256 units at full buildout and cover 2.8 million square feet of residential and retail space.
By Mary Salmonsen • May 30, 2023 -
PROJECT SPOTLIGHT
Leasing begins at transit-oriented tower in Newark, New Jersey’s Ironbound
Fifty-Five Union aims to foster a cultural connection with the neighborhood through arts and business partnerships.
By Mary Salmonsen • May 24, 2023 -
Q&A
Pennsylvania office developer gets into the conversion game
After adding a residential component to one building in Philadelphia, Keystone is eyeing three similar projects.
By Leslie Shaver • May 19, 2023 -
REIT Report
Essex predicts rebound in West Coast markets
Although it is monitoring other areas for expansion, the REIT is comfortable with its regional focus, according to CEO Angela L. Kleiman.
By Leslie Shaver • May 17, 2023 -
Rents continue rising, with moderate growth expected through 2023
Tightening credit, a slowdown in construction and lower consumer savings may constrict the sector in the near future, according to a new report.
By Mary Salmonsen • May 15, 2023 -
REIT Report
Camden’s move-outs to homeownership drop amid strong rent growth
Even though more than 400,000 new units are expected to hit its markets in the next two years, the REIT downplayed the impact of new supply on a recent earnings call.
By Leslie Shaver • May 15, 2023 -
REIT Report
As development projects are abandoned, AVB sees an opportunity to buy land
The REIT is partnering with third-party apartment builders and offering mezzanine loans for construction.
By Leslie Shaver • May 10, 2023 -
DEALS + STARTS
Nuveen nabs 12,000 affordable housing units
The investment manager for TIAA purchased the New York City-centric portfolio from Mo Vaughn’s Omni Holding Co.
By Leslie Shaver • May 10, 2023 -
REIT Report
UDR reports same-store NOI growth of 11.7%
Executives noted that new supply is forcing concessions in certain Southeastern markets.
By Leslie Shaver • May 5, 2023 -
What are Gen Z tenants looking for in apartments?
The newest renter cohort is growing up and moving out. Here’s how they differ from millennials.
By Mary Salmonsen • May 5, 2023 -
DEALS + STARTS
New affordable housing coming to Williamsburg, Virginia
The $26 million 2 Rivers Apartment Homes will fill a strong need for affordable housing in a growing area.
By Mary Salmonsen • May 4, 2023 -
REIT Report
3 trends driving MAA’s performance
The REIT’s portfolio is insulated from new supply, CEO Eric Bolton said on last week’s earnings call.
By Leslie Shaver • May 3, 2023 -
Residential tower in Queens, New York, includes a new public school
The first apartment tower at Woodside Central is open for leasing, with the school, retail and a pedestrian plaza underway.
By Mary Salmonsen • May 1, 2023 -
REIT Report
Equity Residential’s same-store revenue is better than anticipated
New York posts 19% growth, but California floods drive up expenses and San Francisco and Seattle struggle with concessions.
By Leslie Shaver • April 28, 2023 -
Size, location matter most to wealthy renters
Affluent tenants expect that their larger rent payments will translate into larger units, multifamily developers say.
By Robyn Griggs Lawrence • April 24, 2023 -
Texas foreclosures foreshadow Class C troubles
The Applesway Investment Group portfolio suffered from neglect and changing market conditions.
By Leslie Shaver • April 24, 2023 -
After 4 months of decline, rent growth turns positive
Despite bank collapses and market volatility, multifamily fundamentals remain stable, according to Yardi Matrix.
By Mary Salmonsen • April 12, 2023 -
The country’s most EV-friendly metros
While only 4.7% of multifamily buildings nationwide offer electric vehicle charging stations, the concentration varies widely from place to place.
By Mary Salmonsen • April 10, 2023 -
Evictions rose in cities after a national moratorium ended in 2021
There are many policies cities can use to protect renters from losing their homes aside from eviction bans, housing experts say.
By Karen Kroll • April 6, 2023 -
National average rent unchanged in February
Affordability, economic conditions and supply and demand will determine the near-term future of the spring renting season.
By Mary Salmonsen • March 16, 2023 -
DEALS + STARTS
Developer breaks ground on third community in Northwest Arkansas
With The Junction of Scottsdale, Mia Rose Holdings has 614 units underway in the region.
By Mary Salmonsen • March 15, 2023 -
The cities with the highest, lowest rental vacancy rates
The national rate has held relatively steady over the past four quarters, according to Census data.
By Mary Salmonsen • March 9, 2023