Transactions: Page 11

  • an aerial view of an apartment building
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    iStock/Getty via Getty Images
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    The apartment industry battles insurance price hikes

    As costs jump 100% or more in some states, multifamily leaders look for solutions. 

    By Multifamily Dive Staff • July 26, 2023
  • Apartment high-rise with floor-to-ceiling glass units.
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    Permission granted by The RADCO Cos.
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    Q&A

    RADCO exec discusses plan to reach 25,000 units

    Centralization and AI will play key roles as the Atlanta-based company looks to grow through acquisitions, says Chris Simon.

    By • July 25, 2023
  • Houses in a shopping cart and easel red prohibition sign NO.
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    Andrii Yalanskyi via Getty Images
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    MSCI: Sales volume plummets 72%

    Apartment prices fell 11.7% in Q2, which was the biggest decline among all major commercial property sectors.

    By • July 24, 2023
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    Permission granted by Brazos Residential
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    DEALS + STARTS

    After a buying spree in 2022, Brazos picks up 2 more Texas properties

    The company founded by brokerage veterans William Hancock and James Roberts has secured all its properties in off-market purchases.

    By • July 19, 2023
  • A for sale sign on a home
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    Mikey_Man via Getty Images
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    Insurance Issues

    Rising insurance costs could force apartment sales, threaten new development

    Premium increases create a host of issues for multifamily executives, who are already struggling with multiple financial challenges.

    By • July 18, 2023
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    olaser via Getty Images
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    Trepp: Troubled multifamily loans help push CRE servicing rate higher

    The percentage of delinquent apartment loans also rose.

    By • July 17, 2023
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    DKosig via Getty Images
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    UDR’s LaSalle deal shows continued appetite from international investors, analysts say

    The REIT will seed a $510 million joint venture with LaSalle Investment Management with four properties.

    By • July 13, 2023
  • Bell Partners' Bell Warner Center, which Bell acquired in September 2021.
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    Permission granted by Bell Partners
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    Lili Dunn sees a lot of ‘dry powder’ for apartment investments

    The CEO of Bell Partners is eyeing opportunities after the company closed a value-add fund.

    By • July 5, 2023
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    Permission granted by Atlas Real Estate Partners
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    DEALS + STARTS

    Atlas grabs a value-add deal in a booming Savannah, Georgia, submarket

    With a bustling port nearby and a $5.5 billion Hyundai plant on the way, the Pooler area is seeing rapid job growth.

    By • June 27, 2023
  • The evening sun is reflected in the modern apartment building with balconies.
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    deepblue4you via Getty Images
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    Apartment sales continue their descent

    Transactions fell 79% year over year, while prices declined 12.5%.

    By • June 26, 2023
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    Gian Lorenzo Ferretti Photography via Getty Images
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    Luxury NYC apartment property goes to servicing

    Although The Aire faces issues, multifamily CMBS servicing and delinquency rates have dropped recently.

    By • June 26, 2023
  • White apartment building with pool in the foreground.
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    Permission granted by GID
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    DEALS + STARTS

    GID purchases Miami asset

    The Top 50 owner expects to continue collecting properties in the Southeast this year.

    By • June 22, 2023
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    Bet_Noire via Getty Images
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    Multifamily owners want rate cuts, not pauses

    While apartment executives were happy to see a pause in interest rate increases, the 10-year Treasury remains a concern.

    By • June 21, 2023
  • White, four-story apartment community.
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    Permission granted by Shoreham Capital
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    Q&A

    Florida developer says insurance costs could limit new housing supply

    Factors like inflation, recent storms and even tort reform have led to a 30% premium increase.

    By • June 20, 2023
  • A view of the Marriner S. Eccles Federal Reserve building.
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    Anna Moneymaker via Getty Images
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    Multifamily pros react to interest rate pause

    Many apartment executives and brokers don’t expect to see a big impact after the Fed’s announcement.

    By • June 16, 2023
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    Permission granted by Global Real Estate Advisors
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    DEALS + STARTS

    Three Pillars grabs ‘distressed sale’ in Houston

    The former owner of the Chateaux Dijon Apartments, where President George W. Bush reportedly once lived, had a loan due in June.

    By • June 15, 2023
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    ST-art via Getty Images
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    S&P raises alarms on commercial real estate finance

    Norfolk, Virginia-based Harbor Group recently refinanced a series of loans, but other owners won’t be that lucky.

    By • June 12, 2023
  • Bills on a table
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    iStock/Getty via Getty Images
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    Insurance Issues

    Owners, developers sound off about higher insurance costs

    Recent premium hikes have been painful for apartment owners of all sizes.

    By • June 12, 2023
  • Four-story apartment community with palm trees in the foreground.
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    Permission granted by Participant Capital
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    Q&A

    Investment firm still sees availability for construction debt

    Participant Capital Advisors is raising money for projects in Florida.

    By • June 12, 2023
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    alfexe via Getty Images
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    Public companies tackle debt

    Camden has lowered its interest rate and will look to fix rates long term through an unsecured bond offering later this year.

    By • June 8, 2023
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    Permission granted by Revitate Cherry Tree
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    DEALS + STARTS

    West Coast investor continues to build its workforce portfolio in the Midwest

    With the purchase of a property outside of Cincinnati, Revitate Cherry Tree closes out the acquisitions from its first fund.

    By • June 5, 2023
  • Aerial picture of single-family homes next to a street with trees in the background.
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    Permission granted by Allen & Rocks
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    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 • June 2, 2023
  • White apartment building with palm trees and a pool in the foreground.
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    Permission granted by Archway Equities
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    DEALS + STARTS

    Investor bets on risk-adjusted returns in California

    In making the largest acquisition this year in Southern California, Archway Equities signals that it's looking for deals beyond the Sun Belt.

    By • May 31, 2023
  • Brown four-story apartment building around a pool.
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    Permission granted by The Garrett Cos.
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    Q&A

    What slowdown? Indiana developer still sees a robust sales market

    Though The Garrett Cos. likes to hold properties for three to five years, it's still selling deals when they’re stabilized.

    By • May 30, 2023
  • Two-story tan apartment building with a parking lot in the foreground.
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    Permission granted by Nitya Capital
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    Nitya CEO defends his track record, charts a path for future growth

    After news reports of rising interest payments in his portfolio, Swapnil Agarwal told Multifamily Dive that he’s never lost money on a deal or missed a mortgage payment.

    By • May 30, 2023