Transactions: Page 16
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The country’s biggest apartment owners
Greystar and Equity Residential sit atop a new list of firms ranked by units owned, portfolio value and other factors.
By Leslie Shaver • Nov. 7, 2022 -
Trepp: Cap rates sit below 4%
Although cap rates have risen, their increase is a fraction of the jump in Treasury yields.
By Leslie Shaver • Nov. 4, 2022 -
Q&A
Are interest rates too high? Daryl Carter has seen much worse
Avanath’s CEO is still getting affordable apartment deals done despite volatility in the market.
By Leslie Shaver • Nov. 1, 2022 -
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 Leslie Shaver • Oct. 31, 2022 -
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 -
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 Leslie Shaver • Oct. 26, 2022 -
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 Leslie Shaver • Oct. 25, 2022 -
DEALS + STARTS
Bell makes 4 buys around the country
The Greensboro, North Carolina-based apartment firm nabbed 846 units for $313 million.
By Leslie Shaver • Oct. 25, 2022 -
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 Leslie Shaver • Oct. 24, 2022 -
Cap rates jump 72 basis points in 6 months
Investors also project more conservative rent increases when underwriting new deals.
By Leslie Shaver • Oct. 20, 2022 -
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 Leslie Shaver • Oct. 18, 2022 -
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 Leslie Shaver • Oct. 14, 2022 -
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 Leslie Shaver • Oct. 10, 2022 -
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 Leslie Shaver • Oct. 6, 2022 -
RealPage acquires Knock CRM
The acquisition allows RealPage to deliver a front-office platform that supports centralized leasing.
By Leslie Shaver • Oct. 5, 2022 -
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 Leslie Shaver • Oct. 3, 2022 -
Apartment deal volume falls 26% in August
MSCI says cap rates fell 30 basis points YOY to an average of 4.7%.
By Leslie Shaver • Sept. 26, 2022 -
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 Leslie Shaver • Sept. 21, 2022 -
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 Leslie Shaver • Sept. 19, 2022 -
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 Leslie Shaver • Sept. 19, 2022 -
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 Leslie Shaver • Sept. 13, 2022 -
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 Leslie Shaver • Sept. 9, 2022 -
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 Leslie Shaver • Sept. 6, 2022 -
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 Leslie Shaver • Sept. 6, 2022 -
Blackstone’s SFR arm pulls back on home purchases
Home Partners of America will pause acquisitions in 38 markets.
By Leslie Shaver • Sept. 2, 2022