Transactions
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Forum joins the preferred equity club
The apartment owner recently closed a $226 million investment vehicle specializing in multifamily private credit.
By Leslie Shaver • Oct. 16, 2024 -
Bank reportedly forecloses on Chasen’s office conversion in Baltimore
The developer planned to turn the historic One Calvert Plaza into 173 apartments.
By Leslie Shaver • Oct. 15, 2024 -
DEALS + STARTS
Eastham, Mosaic buy 2 Houston properties
The partners were able to acquire Amber Oaks and Park Place by emphasizing their ability to close deals.
By Leslie Shaver • Oct. 11, 2024 -
Q&A
How tech investors can avoid getting burned by multifamily
Entrepreneur Zain Jaffer says an intense focus on IRR above all else can lead to problems.
By Leslie Shaver • Oct. 10, 2024 -
Bank forecloses on Chasen’s office conversion in Baltimore
The developer planned to turn the historic One Calvert Plaza into 173 apartments.
By Leslie Shaver • Oct. 9, 2024 -
Inside JRK’s recent buying spree
As buyers have begun to capitulate on price and the credit markets have improved, the Los Angeles–based firm found an opening to buy class A properties.
By Leslie Shaver • Oct. 7, 2024 -
DEALS + STARTS
GPI makes acquisition in West Hollywood
The purchase of the Lofts at NoHo Commons is only one recent move from the firm as it ramps up activity in its hometown.
By Leslie Shaver • Oct. 7, 2024 -
MSCI: GSE volume declined in first half of 2024
Investor-driven and CMBS lenders posted huge gains in the first six months of the year, as the debt market looks to be more competitive.
By Leslie Shaver • Oct. 4, 2024 -
Harbor Group reportedly assumes ownership of troubled 623-unit Atlanta property
The Lofts at Twenty25 suffered from low occupancy after a massive renovation, according to Bisnow.
By Leslie Shaver • Oct. 3, 2024 -
DEALS + STARTS
The Dermot Co. grabs unique opportunity in Florida
The New York City-based firm recently purchased a 350-unit property in Wellington for a reported $144 million.
By Leslie Shaver • Oct. 2, 2024 -
Q&A
Cortland’s director of investments on Declaration Partners Real Estate deal
Jason Kern explains how his company will be able to use its existing platform to offer preferred debt in partnership with the David Rubenstein-backed investment firm.
By Leslie Shaver • Oct. 1, 2024 -
Loan for once-iconic Detroit tower goes delinquent
Riverfront Towers, once home to Rosa Parks and Aretha Franklin, was plagued by flooding, insurance costs and evictions.
By Leslie Shaver • Sept. 30, 2024 -
MSCI: Multifamily prices rise for the first time since July 2022
Sales volume dropped 9% YOY to $9.9 billion in August.
By Leslie Shaver • Sept. 26, 2024 -
7-property portfolio heads to servicing amid insurance troubles
Wisconsin-based Trinity Flood was the sponsor of the properties in Illinois, Georgia and Arizona.
By Leslie Shaver • Sept. 25, 2024 -
DEALS + STARTS
Timberlane Partners pays $40.5M for Denver deal
The Seattle-based firm faced competition to secure the property, where it plans a light renovation.
By Leslie Shaver • Sept. 20, 2024 -
Fed cuts rates, but is more needed?
Apartment industry leaders say the central bank’s action had already been baked into the 10-year Treasury.
By Leslie Shaver • Sept. 18, 2024 -
Developers look for deals on dirt
Generational property owners are in a position to wait, while those who have recently purchased land may be more motivated to sell.
By Leslie Shaver • Sept. 16, 2024 -
DEALS + STARTS
New York-based firm makes $102M bet on Atlanta through new fund
LRE Management also added PGA golfer Patrick Cantlay as a member of its advisory board.
By Leslie Shaver • Sept. 13, 2024 -
DEALS + STARTS
Gindi Equities makes $13.5M sale in North Carolina
The New York City firm originally bought the Cedar Ridge Apartments in 2021.
By Leslie Shaver • Sept. 12, 2024 -
Lynd assigned an 11,000-unit portfolio
The original owners purchased the 50 properties as a value-add play but ran into problems when interest rates rose and costs increased.
By Leslie Shaver • Sept. 11, 2024 -
Trepp: Delinquency, servicing rates hit highs not seen in years
Distressed CMBS loans increased across commercial real estate last month, but apartment issues stood out.
By Leslie Shaver • Sept. 9, 2024 -
Q&A
Pratum CEO explains why he wants to acquire more properties
Shah Alam thinks ownership will complement the existing services his management firm offers.
By Leslie Shaver • Sept. 5, 2024 -
Fannie, Freddie announce tenant protection plans for housing portfolios
The GSEs’ borrowers must provide advance notices of rent increases and lease expirations, among other requirements.
By Mary Salmonsen • Sept. 5, 2024 -
DEALS + STARTS
Canadian firm buys 4 properties from Lennar’s Quarterra
QuadReal Property Group picked up 1,400 units total in Colorado, North Carolina, Arizona and Maryland.
By Leslie Shaver • Sept. 4, 2024 -
Deals + Starts: Summer 2024
Firms including Mill Creek, Greystar and Kushner made news in recent months.
By Multifamily Dive Staff • Aug. 29, 2024