Transactions: Page 16

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    Maks_Lab via Getty Images
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    Cadillac Fairview completes acquisition of Lincoln’s residential division

    Lincoln CEO Tim Byrne is retiring as a new group of leaders takes the helm at the Dallas-based company.

    By • March 10, 2023
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    Permission granted by Standard Communities
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    DEALS + STARTS

    Standard Communities grabs a controlling interest in more than 3,000 affordable units

    The purchase marks Standard’s first acquisition in Florida and its first affordable purchase in Georgia.

    By • March 9, 2023
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    William_Potter via Getty Images
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    MBA expects multifamily lending to fall 16%

    Five percent of nonbank multifamily mortgages are slated to mature in 2023.

    By • March 7, 2023
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    kokouu via Getty Images
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    HUD loan volume falls

    Despite the slowdown, the agency’s existing loans could be coveted by borrowers this year.

    By • March 6, 2023
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    Permission granted by RealSource Properties
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    Q&A

    Once the buyer’s market arrives, it might not last long

    An executive from RealSource Properties thinks apartment sales could snap back quickly.

    By • March 3, 2023
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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