Transactions: Page 15

  • Brown apartment buildings next to grass and a sidewalk
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    Permission granted by Magma Equities
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    DEALS + STARTS

    Magma partners with Walker & Dunlop to nab 820 units in Houston, Dallas metros

    The Manhattan Beach, California-based owner has amassed nearly 3,500 units in Texas.

    By • Oct. 31, 2022
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    Justin Sullivan via Getty Images
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    Blackstone sees for-sale cost increases driving rental demand

    With cap rates rising, the investment giant is focusing on cash flow with multifamily acquisitions.

    By Robyn Griggs Lawrence • Oct. 28, 2022
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    Sean Pavone via Getty Images
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    The top markets for buying, selling apartment buildings

    Two Texas cities lead the nation in apartment deal volume as Manhattan makes a major jump.

    By • Oct. 26, 2022
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    Baris-Ozer via Getty Images
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    Apartment transaction volume falls 17% in Q3 as cap rates decline YOY

    Without the massive ACC-Blackstone deal, sales would have fallen even further.

    By • Oct. 25, 2022
  • Tan apartment buildings with pool in the foreground.
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    Permission granted by Bell Partners
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    DEALS + STARTS

    Bell makes 4 buys around the country

    The Greensboro, North Carolina-based apartment firm nabbed 846 units for $313 million.

    By • Oct. 25, 2022
  • An an apartment building with trees in front.
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    Permission granted by Blackfin
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    Q&A

    For the right deals, Blackfin still sees a lot of money

    Despite volatility in the capital markets and moderation in rent growth, Doug Root continues to canvass the East Coast for opportunities.

    By • Oct. 24, 2022
  • Person with a tablet and increasing height buildings
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    William_Potter via Getty Images
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    Cap rates jump 72 basis points in 6 months

    Investors also project more conservative rent increases when underwriting new deals.

    By • Oct. 20, 2022
  • Two-story apartments with chairs and a pool in the foreground.
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    Permission granted by Eagle Property Capital
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    Q&A

    Inside one company’s strategy to focus on the Latino market

    Eagle Property Capital’s value-add strategy goes beyond property improvements to make its residents' lives better.

    By • Oct. 18, 2022
  • Three-story apartments with trees and a road in the foreground.
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    Permission granted by Bonaventure
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    DEALS + STARTS

    Bonaventure secures 2 Virginia properties by assuming existing below-market loans

    The alternative asset manager is focused on working with owners who need creative solutions because of their partnership constraints or tax positions.

    By • Oct. 14, 2022
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    Permission granted by Investors Management Group
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    DEALS + STARTS

    IMG grabs more units in under-the-radar South Carolina market

    The Millennium Apartments appealed to CEO Neil Schimmel because of its upside potential and “excellent price per pound.”

    By • Oct. 10, 2022
  • Three-story brick apartments with trees in the foreground.
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    Permission granted by Monument Capital Management
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    DEALS + STARTS

    Alex Rodriguez-founded company makes another bet on Minneapolis

    Monument Capital Management has completed its eighth deal in the city, giving it more than 1,000 units in the region.

    By • Oct. 6, 2022
  • letters m and a made with wood building blocks
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    Maks_Lab via Getty Images
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    RealPage acquires Knock CRM

    The acquisition allows RealPage to deliver a front-office platform that supports centralized leasing.

    By • Oct. 5, 2022
  • White three-story apartment buildings with black roof.
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    Permission granted by Middleburg Communities
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    This small firm aims to manage 75,000 units in the next 2 years

    Virginia-based Middleburg Communities is aggressively pursuing other property management firms.

    By • Oct. 3, 2022
  • hand holding keys in front of apartment building
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    simpson33 via Getty Images
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    Apartment deal volume falls 26% in August

    MSCI says cap rates fell 30 basis points YOY to an average of 4.7%.

    By • Sept. 26, 2022
  • Brown three-story apartments on the left and trees on the right.
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    Permission granted by Morgan Properties
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    Just how high have cap rates jumped?

    Observers say they’ve moved up into the 4% to more than 5% range, but more deals need to happen to get an exact read on values.

    By • Sept. 21, 2022
  • Brick building with 33 Realty sign
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    Permission granted by Poplar Homes
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    SFR manager Poplar Homes enters the apartment business

    By acquiring 33 Realty’s property management arm, the Cupertino, California-based proptech company grows geographically.

    By • Sept. 19, 2022
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    BernardaSv via Getty Images
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    August’s largest multifamily delinquencies

    Trepp’s list of the five largest troubled loans includes a student property in Alabama, a rent-restricted property in New York City and a fractured condo in Philadelphia.

    By • Sept. 19, 2022
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    designer491 via Getty Images
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    Increasing number of CMBS loans move into servicing

    The multifamily delinquency rate also rose in August as capital markets’ volatility muddied the long-term picture.

    By • Sept. 13, 2022
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    Permission granted by Hines
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    DEALS + STARTS

    Hines makes second-largest purchase in South Florida history

    After tracking Gables Station since February, Hines closed on the property in July after another buyer dropped out.

    By • Sept. 9, 2022
  • Brick apartment with grass in the foreground.
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    Permission granted by Blackfin Real Estate Investors
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    DEALS + STARTS

    Blackfin sells Charlotte-area apartments for $78M

    The Virginia-based owner bought the over-50-year-old property for $19 million in 2017.

    By • Sept. 6, 2022
  • Joint venture agreement, pen and eyeglasses lying on table.
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    Motortion via Getty Images
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    Landmark teams up with investment firm to create $2B build-to-core student housing joint venture

    This is just the latest deal between the country’s largest student housing developer and the Abu Dhabi Investment Authority.

    By • Sept. 6, 2022
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    Mario Tama via Getty Images
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    Blackstone’s SFR arm pulls back on home purchases

    Home Partners of America will pause acquisitions in 38 markets.

    By • Sept. 2, 2022
  • Fannie Mae sign at corporate headquarters
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    Win McNamee via Getty Images
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    FHFA asks for feedback on Fannie and Freddie affordability requirements

    One observer thinks changing the benchmark levels from the total number of affordable units to the percentage of affordable units will force more focus on affordability.

    By • Aug. 31, 2022
  • Brown and white apartments with parking lot in the foreground.
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    Permission granted by The Jacobson Co
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    Q&A

    How one executive bridges the gap between entertainment and real estate

    Larry Jacobson partners with high-net-worth investors to make value-add buys.

    By • Aug. 30, 2022
  • Aerial view of collapsed condo in Surfside, Florida.
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    Joe Raedle via Getty Images
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    DAMAC finalizes deal for Champlain Towers land

    The Dubai-based developer paid nearly $120 million to purchase the almost 2-acre beachfront property in Surfside, Florida.

    By • Aug. 30, 2022