Why many new apartment developments don’t pencil out

While tariffs are making headlines, interest rates and equity capital are also major hurdles in multifamily construction.

By Leslie Shaver • June 27, 2025

Blackfin Real Estate Investors enters Georgia with $17.3M acquisition

The Virginia-based firm purchased Sage Creek Apartments in Augusta from an investor group led by JJM Realty Partners.

By Leslie Shaver • June 25, 2025

Utah-based firm mixes hospitality with multifamily

PEG sees both apartment residents and hotel guests demand a higher level of service.

By Leslie Shaver • June 24, 2025

Woodfield, Northwestern Mutual sell Florida apartment tower for $87M

Griffis Residential entered South Florida by purchasing Anya, a 223-unit high-rise in West Palm Beach.

By Leslie Shaver • June 18, 2025

Gray Capital launches Midwestern apartment fund

The firm is targeting value-add and core-plus multifamily assets in Indianapolis and Columbus, Ohio.

By Leslie Shaver • June 17, 2025

Kennedy Wilson partners with Japanese firm to buy Seattle apartments

The investors purchased The Danforth for $173 million, citing an uptick in return-to-office initiatives.

By Leslie Shaver • June 16, 2025

Trepp: Multifamily CMBS delinquencies, servicing rates fall

However, CRED iQ and the MBA pointed to rising distress in commercial real estate.

By Leslie Shaver • June 16, 2025

Cityview opens New York City office

The Los Angeles-based firm plans to target opportunities in Boston; Orlando, Florida; and Atlanta.

By Leslie Shaver • June 12, 2025

Centerspace puts Minnesota apartments on the sales block

The Minneapolis-based apartment REIT is also adding to its portfolio with purchases in Salt Lake City and Colorado.

By Leslie Shaver • June 12, 2025

ZRS Management hits 100,000 apartment units

The firm had one of the largest jumps on this year's NMHC list, advancing six spots and gaining almost 15,000 apartments from the year before.

By Leslie Shaver • June 9, 2025

Alfred, RKW Residential, Quarterra Living combine forces

The new platform will operate approximately 52,000 residences, representing over $20 billion of assets.

By Leslie Shaver • June 6, 2025

EQR to purchase 8 apartment properties for $535M

The REIT expects the acquisition of the 2,064 units in Atlanta to be accretive in the second year of ownership.

By Leslie Shaver • June 3, 2025

Harbor Group reportedly acquires 3,590 apartment units for $625M

The Virginia-based firm purchased the 11 Sun Belt properties from a joint venture consisting of David Werner, Onyx Partners and Carlton Associates.

By Leslie Shaver • June 2, 2025

Apartment sales volume jumps 20% to $9.2B in April

Multifamily prices fell 1% year over year after dropping at a 7.3% annual pace a year ago, but REIT executives aren’t seeing tariff-related impacts on valuations yet.

By Leslie Shaver • May 28, 2025

Mesirow raises $1.2B for value-add apartments

The Chicago-based firm will focus on multifamily properties needing upgrades in the top 30 U.S. markets. 

By Leslie Shaver • May 27, 2025

AvalonBay braces for signs of trouble in DC rental market

CEO Ben Schall also said the softness in the REIT’s expansion markets could provide opportunities to add assets.

By Leslie Shaver • May 19, 2025

RADCO launches value-add brand with 615-unit apartment buy

With the purchase of Legacy at Riverdale, the Atlanta-based firm makes its first acquisition of this cycle.

By Leslie Shaver • May 16, 2025

CMBS delinquencies for apartments reach highest point since 2015

The rate has risen 524 basis points over the past 12 months, according to Trepp.

By Leslie Shaver • May 14, 2025

How investors are closing deals despite Treasury volatility

In this environment, success depends on “disciplined underwriting, aggressive stress testing and staying flexible,” according to an executive.

By Leslie Shaver • May 12, 2025

International multifamily investors undeterred by US trade turbulence

While a majority of foreign financiers have a negative outlook for U.S. property, 44% still plan to grow their holdings in 2025, according to a new report.

By Mary Salmonsen • May 9, 2025

CAPREIT acquires 2 Maryland properties

The North Bethesda, Maryland-based firm has dedicated $5 million toward upgrades, which will include a refresh of building exteriors, amenities and common areas.

By Leslie Shaver • May 9, 2025

EQR hits all-time low for turnover

The 7.9% rate was due in part to the Chicago-based REIT’s centralized renewal process, according to COO Michael Manelis.

By Leslie Shaver • May 6, 2025

American South Capital Partners buys New Orleans apartment property

The firm utilized Community Development Block Grant dollars to make the underwriting feasible amid rising insurance costs.

By Leslie Shaver • May 5, 2025

Three Steps Properties buys troubled Oakland apartments for $78M

An affiliate of Union Labor Life Insurance Co. sold the 206-unit Zo residential tower.

By Leslie Shaver • May 2, 2025

Altus Equity Group acquires 1,225 units in Texas

The Odessa Multifamily Portfolio boasts a 92% occupancy rate and a forecasted year-one yield exceeding 10%.

By Leslie Shaver • May 1, 2025