Transactions
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Sundry Photography via Getty Images
MSCI: Apartment sales jump 40%
Buoyed by Blackstone’s purchase of AIR in June, 2024 apartment sales exceeded 2023’s totals.
By Leslie Shaver • Dec. 19, 2024 -
Ivelin Denev via Getty Images
Investcorp acquires 4 student assets for $300M
The properties, which encompass more than 2,500 beds, are located at major schools in Texas, Kentucky and Oklahoma.
By Leslie Shaver • Dec. 19, 2024 -
Permission granted by Walker & Dunlop
Mesirow makes $185M San Diego acquisition
The purchase of the 410-unit Preserve at Melrose is the area’s second-largest deal of the year.
By Leslie Shaver • Dec. 18, 2024 -
Colleen Michaels via Getty Images
Canyon raises $1.2B investment vehicle
CRED III will target real estate debt investments and real estate credit securities across the U.S.
By Leslie Shaver • Dec. 13, 2024 -
Nafiz Rahat via Getty Images
508-unit NYC building likely to head to servicing
The property, 180 Water St., has a $265 million loan that originated in 2019 and an additional $100 million in mezzanine debt.
By Leslie Shaver • Dec. 10, 2024 -
Permission granted by TF Cornerstone
Dune, TF Cornerstone create $1B conversion venture
The firms formed Alta Residential, which will convert office buildings to residential uses in cities with high barriers to entry.
By Leslie Shaver • Dec. 9, 2024 -
Permission granted by Hudson Valley Property Group
Hudson Valley Property Group acquires 22-property portfolio
The firm purchased the 4,768 units, located in Washington, Colorado, California and Idaho, from Inland Group.
By Leslie Shaver • Dec. 9, 2024 -
franckreporter via Getty Images
Brookfield buys $845M portfolio from Blackstone
The firm purchased eight properties totaling more than 4,000 units from Blackstone Real Estate Income Trust.
By Leslie Shaver • Dec. 3, 2024 -
Courtesy of Knightvest Capital
DEALS + STARTSKnightvest lands 3 Texas deals
The firm continues to buy as it works out extensions with lenders on properties bought in 2021 and 2022.
By Leslie Shaver • Dec. 2, 2024 -
vkyryl via Getty Images
MSCI: Cap rates rise 20 bps this year
Apartment sales volume increased 18% YOY in October, while prices fell 6.1%.
By Leslie Shaver • Nov. 25, 2024 -
Courtesy of Fannie Mae
FHFA announces higher caps for Freddie, Fannie
The announcement comes as questions surround the future of GSEs under the incoming Trump administration.
By Leslie Shaver • Nov. 21, 2024 -
Courtesy of Gilbane
DEALS + STARTSGilbane, CBRE partner on student housing portfolio
The initial transaction includes three existing properties and three in development across six Power Four schools.
By Mary Salmonsen • Nov. 20, 2024 -
tntemerson via Getty Images
Multifamily inches down to $14.2B in distress
Despite a staggering amount of troubled properties, a number of reports point to an improving landscape.
By Leslie Shaver • Nov. 19, 2024 -
Permission granted by AvalonBay Communities, Inc.
AvalonBay expands build-to-rent operations, plans future acquisitions
The company expects to find opportunities in its Texas, North Carolina and Colorado markets.
By Mary Salmonsen • Nov. 19, 2024 -
Permission granted by Lakeland Capital
Lakeland goes off-market to buy Massachusetts property
The firm secured 135 Main Street through a previous relationship and plans value-add upgrades at the asset.
By Leslie Shaver • Nov. 15, 2024 -
Permission granted by Archway Equities
DEALS + STARTSArchway grabs deal for 30% discount in Dallas
The California-based firm plans exterior and amenity upgrades at the Coronado Apartment Homes.
By Leslie Shaver • Nov. 14, 2024 -
Permission granted by Harrison Street
Harrison Street sells student portfolio for $893M
The Scion Group and a major institutional investor bought the 14 communities totaling 8,724 beds.
By Leslie Shaver • Nov. 13, 2024 -
Permission granted by Standard Communities
Standard Communities acquires $1B portfolio
The firm plans to invest over $30 million in capital improvements and deferred maintenance across the 6,000 units in more than 60 communities.
By Leslie Shaver • Nov. 8, 2024 -
Douglas Rissing via Getty Images
Fed cuts rates by 25 bps
Treasuries jumped after the September rate reduction and again since the presidential election was called.
By Leslie Shaver • Nov. 7, 2024 -
Bill-Dally via Getty Images
West Coast cap rates fall
Demand for well-located properties is rising, but inventory remains low.
By Leslie Shaver • Nov. 4, 2024 -
YayaErnst via Getty Images
Senators question KKR’s acquisition of 5,200 units
The lawmakers, including Sen. Elizabeth Warren, scrutinized the deal’s potential to “exacerbate rising rent costs in regions across the United States.”
By Leslie Shaver • Nov. 1, 2024 -
alfexe via Getty Images
PGIM, Citymark enter JV to buy debt
The firms will target both performing and non-performing loans.
By Leslie Shaver • Oct. 31, 2024 -
Mlenny via Getty Images
DEALS + STARTSGreystar reportedly in talks to buy $1.1B Australian student housing portfolio
If finalized, the transaction would include seven properties with a total of 5,662 beds across five cities.
By Mary Salmonsen • Oct. 29, 2024 -
elxeneize via Getty Images
MSCI: Apartment sales volume increases for second consecutive quarter
Prices fell 6.3% year over year in Q3, but the pace of decline is moderating.
By Leslie Shaver • Oct. 28, 2024 -
Permission granted by Lion Real Estate Group
DEALS + STARTSLion Real Estate Group nabs off-market deal in Houston
The investment firm saw an opportunity to secure a 25-year-old property at a good yield.
By Leslie Shaver • Oct. 25, 2024
