Transactions: Page 13

  • White and brown five-story apartment buildings with street in front and to the right.
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    Permission granted by Northland
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    DEALS + STARTS

    Northland makes ninth acquisition in Georgia since entering the state in 2020

    The company assumed existing financing on Glenwood at Grant Park.

    By • Aug. 1, 2023
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    SunnyVMD via Getty Images
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    Multifamily firms announce new hires, despite layoffs at others

    Eastwind, NRP and Ashland Greene, among others, have beefed up their teams in recent weeks.

    By • Aug. 1, 2023
  • Blocks spell M and A
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    Nastassia Samal via Getty Images
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    RMR Group to acquire Carroll for $80M

    With the all-cash purchase, asset manager RMR enters the only major commercial real estate sector in which it did not already have a significant presence.

    By , • July 31, 2023
  • A red construction frame in front of a high-rise building under construction.
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    JARAMA via Getty Images
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    Apartment starts fall 11.2% YOY

    Permits fell 33%, while completions of five or more units also declined in June.

    By • July 28, 2023
  • The words Federal Reserve engraved in a marble building with an eagle above.
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    Douglas Rissing via Getty Images
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    Rate hike will put pressure on some multifamily assets

    Policymakers chose to raise interest rates to a range between 5.25% to 5.5% — the highest since 2001.

    By • July 27, 2023
  • 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
  • Bank corporate finance building seen from below. The sign "bank" visible close.
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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
  • Apartment community with water in the foreground..
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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
  • New York City skyline
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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
  • Federal Reserve logo
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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
  • Tan, brick leasing office with blue roof
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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
  • Office and residential skyscrapers against bright sun and clear blue sky.
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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