Transactions: Page 14

  • Aerial view of apartment community with trees in the background.
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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
  • Photo looking up at a high-rise, glass apartment building.
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    Spencer Platt via Getty Images
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    Multifamily sales drop 74% YOY

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

    By • May 25, 2023
  • Pool with brown apartments to the left and a clubhouse in the back.
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    Permission granted by SPI Advisory
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    DEALS + STARTS

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

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

    By • May 23, 2023
  • Real estate agent and customer walking between apartment buildings.
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    gremlin via Getty Images
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    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 • May 23, 2023
  • One set of hands hold calculator. Another set of hand holding a pen.
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    ArLawKa AungTun via Getty Images
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    MBA: Multifamily lending to drop 14%

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

    By • May 22, 2023
  • The Space Needle stands over the Seattle skyline as Mt. Rainier is seen in the background
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    John Moore via Getty Images
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    REIT Report

    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 • May 17, 2023
  • Grey apartment community clubhouse next to a pool.
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    Permission granted by ECI Group
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    DEALS + STARTS

    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 • May 16, 2023
  • In an aerial view, cars drive by the San Francisco skyline as they cross the San Francisco-Oakland Bay Bridge
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    Justin Sullivan via Getty Images
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    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 • May 16, 2023
  • People walk down Wall Street January 22, 2008 in New York City
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    Spencer Platt via Getty Images
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    REIT Report

    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 • May 15, 2023
  • Grey and white high rise apartments with palm trees below.
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    Permission granted by Forman Capital
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    DEALS + STARTS

    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 • May 11, 2023
  • A tour bus passes the Wall Street bull.
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    Spencer Platt via Getty Images
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    REIT Report

    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 • May 10, 2023
  • Aerial view from skyline with skyscrapers in Brooklyn downtown New York on the Hudson river
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    photovs via Getty Images
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    DEALS + STARTS

    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 • May 10, 2023
  • Five-story apartment building surrounding a pool.
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    Permission granted by Centerspace
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    Q&A

    Centerspace’s new CEO outlines her priorities

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

    By • May 9, 2023
  • Modern bank glass building.
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    -slav- via Getty Images
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    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 • May 8, 2023
  • A Wall St. sign next to the New York Stock Exchange
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    Spencer Platt via Getty Images
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    REIT Report

    UDR reports same-store NOI growth of 11.7%

    Executives noted that new supply is forcing concessions in certain Southeastern markets.

    By • May 5, 2023
  • New grey apartment community
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    Permission granted by Alliance Residential
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    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 • May 4, 2023
  • A man walks by the New York Stock Exchange (NYSE) in New York City.
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    Spencer Platt via Getty Images
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    REIT Report

    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 • May 3, 2023
  • A sign for a First Republic bank branch.
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    Spencer Platt via Getty Images
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    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 • May 2, 2023
  • Cars and grass in the foreground with an apartment community in the distance.
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    Permission granted by Post Road
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    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 • May 1, 2023
  • Photo of stock exchange letters.
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    Pgiam via Getty Images
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    REIT Report

    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 • April 28, 2023
  • Photo of a invoice with past due stamp
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    webking via Getty Images
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    MBA: Multifamily mortgage delinquency rates increased in Q1

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

    By • April 28, 2023