Transactions: Page 14

  • Two-story apartments with a pool in the foreground.
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    Permission granted by Three Pillars
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    Capital Commitments

    Why Three Pillars is betting on distressed buys

    The Houston-based private equity firm tapped into investors from the U.S. and the Middle East to help target Sun Belt properties.

    By • March 3, 2023
  • Close-up of the exchange of keys between two hands.
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    Hispanolistic via Getty Images
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    Apartment sales fall 71%

    Prices continued their decline in January, dropping 4.6% year over year.

    By • Feb. 28, 2023
  • Three story brown apartment building.
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    Permission granted by Continental Realty Corporation
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    DEALS + STARTS

    Continental Realty Corp. buys North Carolina property worth owning ‘for the long term’

    The company assumed the HUD loan in a process that took nearly six months.

    By • Feb. 24, 2023
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    TomasSereda via Getty Images
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    Blackstone’s $270M loan goes to servicing

    Despite loan servicing on an 11-property New York City portfolio, the investment giant says it remains committed to rental housing.

    By • Feb. 22, 2023
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    KLH49 via Getty Images
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    Trepp: Multifamily CMBS servicing rates increase

    One observer sees delinquency rising but staying under 2%.

    By • Feb. 17, 2023
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    kevinjeon00 via Getty Images
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    REIT Report

    Equity Residential sees positive employment signs amid uncertainty

    The REIT nears the finish line with some centralization initiatives as it works to corral costs.

    By • Feb. 17, 2023
  • White and black apartment building with a surface-level pool in the foreground.
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    Permission granted by Blackstone
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    DEALS + STARTS

    Blackstone makes big buy in Atlanta

    Despite questions about its transaction strategy this year, the firm paid $133 million for a 473-unit property in Georgia.

    By • Feb. 17, 2023
  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
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    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
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    REIT Report

    AvalonBay pushes forward with expansion goals

    On its earnings call last week, the REIT said it sees signs of rent growth heading into spring leasing.

    By • Feb. 15, 2023
  • Aerial view of three-story apartment complex.
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    Permission granted by RailField
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    Q&A

    Why it’s easier to get affordable deals done right now

    RailField Partners' chief investment officer provides insight into which deals are crossing the finish line.

    By • Feb. 14, 2023
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    Spencer Platt via Getty Images
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    REIT Report

    Tech sector layoffs, eviction concerns stymie Essex’s growth

    The REIT continues to make progress on its centralized property functions and revenue management system, it said during a recent earnings call.

    By • Feb. 13, 2023
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    Spencer Platt via Getty Images
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    REIT Report

    UDR plans to increase the number of properties without staffers

    During its earnings call this week, the REIT’s executives talked about rising expenses, hot markets and the increasing importance of technology.

    By • Feb. 9, 2023
  • The skyline of the city of St. Louis, Missouri on the banks of the Mississippi River.
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    Art Wager via Getty Images
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    The 5 markets with the most potential multifamily distress

    St. Louis, followed by the tech hubs of Seattle and San Francisco, could face the most problem loans.

    By • Feb. 8, 2023
  • Apartment building with brick and yellow siding.
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    Permission granted by Ballast Rock
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    DEALS + STARTS

    Ballast Rock lands South Carolina property

    After getting a discount, the apartment owner closed on the 132-unit Bentree Apartments.

    By • Feb. 8, 2023
  • Picture of the New York stock exchange and the Wall Street sign.
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    Spencer Platt via Getty Images
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    REIT Report

    Camden reports revenue gains, but notes a slowing rental market

    Sensing an opportunity in the future, the REIT could be more aggressive than its peers in developing new properties.

    By • Feb. 6, 2023
  • Wall Street sign in the financial district of New York City.
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    JaysonPhotography via Getty Images
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    REIT Report

    MAA posts strong revenue, rent increases in Q4

    The REIT’s robust renewal rates are driving growth as new lease pricing moderates, according to the firm’s earnings call last week.

    By • Feb. 3, 2023
  • Apartment entrance with trees and flags in the foreground.
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    Permission granted by RailField
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    DEALS + STARTS

    By assuming existing financing, RailField acquires a property in North Carolina

    The Bethesda, Maryland–based owner sees the workforce property as a good value-add play.

    By • Feb. 2, 2023
  • Low angle view of a modern style apartment building, with lots of windows on a sunny, cloudy day
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    Colleen Michaels via Getty Images
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    2023 multifamily outlook roundup

    From financing to development, design to acquisitions, these will be the biggest topics and trends facing apartment pros this year.

    By Multifamily Dive Staff • Jan. 31, 2023
  • Freddie Mac sign with office building in the background.
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    Permission granted by Freddie Mac
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    OUTLOOK 2023

    Finding a loan will be more difficult in 2023

    The agencies remain in the game, but questions surround other debt sources.

    By • Jan. 27, 2023
  • Brown and tan two-story apartments.
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    Permission granted by The Lynd Group
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    DEALS + STARTS

    Lynd Group sells Colorado property for $67.5M

    The company received a 31.5% internal rate of return and an equity multiple of 1.8 times.

    By • Jan. 26, 2023
  • Real estate agent holding keys to new flat.
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    simpson33 via Getty Images
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    Chetrit Group looks to reduce debt in its troubled 43-property portfolio

    The New York City–based company is under contract to sell 12 of its assets.

    By • Jan. 24, 2023
  • Wood-framed apartment building under construction.
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    Maudib via Getty Images
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    OUTLOOK 2023

    3 reasons why labor, material and land prices may ease in 2023

    Construction costs for developers should moderate this year, experts say.

    By • Jan. 23, 2023
  • A panoramic view from above San Francisco's financial district on a bright sunny day.
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    georgeclerk via Getty Images
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    $448M loan backing 62 San Francisco properties goes into default

    Veritas, the city’s biggest landlord, is looking for a partner to help recapitalize the assets.

    By • Jan. 20, 2023
  • Walkway leading along the new colorful cmplex of apartment buildings, Gdansk, Poland
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    ewg3D via Getty Images
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    Apartment sales volume drops 17% in 2022

    Prices also fell from November to December.

    By • Jan. 20, 2023
  • Apartment property with a pool in the foreground.
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    Permission granted by Fogelman Properties
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    DEALS + STARTS

    Fogelman makes a purchase near the University of Georgia

    The Memphis, Tennessee-based firm acquired 1,660 units, totaling $291 million, in 2022.

    By • Jan. 19, 2023
  • Washington D.C. aerial view National Mall Monument
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    LUNAMARINA via Getty Images
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    2 longtime DC real estate firms join forces

    By acquiring Borger, Donohoe adds a residential management division.

    By • Jan. 18, 2023