Multifamily sales drop 74% YOY

Prices for apartment properties have fallen 12.1% since last year, but annualized monthly declines are easing.

By Leslie Shaver • May 25, 2023

Inside one owner’s quest to build scale in an Austin suburb

SPI Advisory has acquired a 264-unit property outside Texas’ capital.

By Leslie Shaver • May 23, 2023

Virginia-based owner plans to add property management services

As other firms have scaled back their management presence, Capital Square is jumping into operations.

By Leslie Shaver • May 23, 2023

MBA: Multifamily lending to drop 14%

After bank failures and interest rate hikes, apartment originations could fall to $375 billion.

By Leslie Shaver • May 22, 2023

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

Georgia sale signals a market shift for older properties

ECI Group explains why its strategy has evolved as the era of low cap rates for aging assets comes to an end.

By Leslie Shaver • May 16, 2023

Troubled loans backing Veritas’ San Francisco portfolio hit the market

Even as the percentage of CMBS securitizations becoming delinquent and going into servicing falls, observers expect problems to mount later in the year.

By Leslie Shaver • May 16, 2023

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

Private lender acquires the note for a Neology site in Miami

The acquisition shows how developers can finance projects even as traditional bank lending stalls.

By Leslie Shaver • May 11, 2023

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

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

Centerspace’s new CEO outlines her priorities

Anne Olson’s first focus will be property operations and centralization.

By Leslie Shaver • May 9, 2023

Bank failures make construction loans even more challenging

The lending environment has grown more treacherous after last year’s interest rate hikes and could dampen new starts by 60%, according to Ric Campo.

By Leslie Shaver • May 8, 2023

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

The multifamily industry’s top firms

From syndicators and owners to builders and managers, these rankings from the National Multifamily Housing Council are much anticipated each year.

By Leslie Shaver • May 4, 2023

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

Failed First Republic was San Francisco’s most active apartment lender

In Q1, the bank financed eight deals, constituting 40% of San Francisco’s volume, according to Colliers.

By Leslie Shaver • May 2, 2023

Post Road Management adds 1,002 units in Kansas

After acquiring 11 properties in Wichita, the firm operates over 16,000 units across 13 states.

By Leslie Shaver • May 1, 2023

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

MBA: Multifamily mortgage delinquency rates increased in Q1

The apartment sector still has fewer problem loans than other CRE asset classes.

By Leslie Shaver • April 28, 2023

Multifamily prices drop more than other CRE sectors

Apartment sales volume fell 64% from last year’s record high.

By Leslie Shaver • April 24, 2023

Report: Prepare for a debt ceiling crisis

J.P. Morgan recommends that owners have a cushion and try to refinance to prepare for potential economic shockwaves over the U.S. debt limit.

By Leslie Shaver • April 24, 2023

One of New York City’s last women-only apartment buildings sells for $52M

Brooklyn-based Educational Housing Services now owns the 376-unit Webster Apartments in midtown Manhattan.

By Mary Salmonsen • 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

Beacon nabs 2 newly completed projects

The company adds to its portfolio with two projects near Atlanta.

By Leslie Shaver • April 19, 2023