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Permission granted by Sinatra & Co.,
DEALS + STARTSSinatra makes $64M Florida buy
The Cocoa Grand is the Western New York firm’s fifth purchase in the Sunshine State.
By Leslie Shaver • Aug. 28, 2024 -
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Apartment starts increase monthly, but fall YOY
Meanwhile, multifamily completions jumped 50% from last July and the number of units under construction dropped.
By Leslie Shaver • Aug. 27, 2024 -
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MSCI: Multifamily prices fall 8.4% YOY
As values continued to stabilize, apartment sales dropped 11% during July.
By Leslie Shaver • Aug. 26, 2024 -
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REIT Report3 things to know from Camden’s earnings call
The Texas-based REIT still faces heavy supply in many markets, though demand remains strong.
By Leslie Shaver • Aug. 21, 2024 -
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REIT ReportBad debt not enough to weigh AVB down
The Virginia-based REIT outperformed again in Q2 with an increase in same-store and development NOI.
By Leslie Shaver • Aug. 20, 2024 -
Permission granted by ZOM LIving
Q&AZOM aims to diversify into senior housing
CEO Greg West sees strong demographic growth in the sector, but he also thinks there is an emerging window in market-rate apartments.
By Leslie Shaver • Aug. 16, 2024 -
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REIT ReportMAA in the ‘worst of the storm’ with new supply
The REIT plans to get more aggressive on the development and acquisition fronts as it sees better days ahead in 2025 and beyond.
By Leslie Shaver • Aug. 14, 2024 -
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REIT ReportEssex predicts West Coast rebound
The California-based REIT increased NOI and revenue guidance for 2024.
By Leslie Shaver • Aug. 12, 2024 -
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EQR to acquire nearly $1B of apartments from Blackstone
The properties, located in Atlanta, Dallas and Denver, will help the Chicago-based REIT beef up in its expansion markets.
By Leslie Shaver • Aug. 7, 2024 -
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REIT ReportUDR raises guidance despite Sun Belt softness
New leases continue to be challenging due to supply, but the REIT credits a customer service initiative with helping to boost renewals.
By Leslie Shaver • Aug. 7, 2024 -
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REIT ReportEQR outperforms expectations
Despite challenges in the Sun Belt, moderating expenses and strong coastal performance helped the REIT in the second quarter.
By Leslie Shaver • Aug. 5, 2024 -
Permission granted by Excelsa
DEALS + STARTSExcelsa reenters Florida with a 477-unit acquisition
The firm plans to spend $8 million upgrading The Drake at St. Pete, a 36-building property in St. Petersburg.
By Leslie Shaver • Aug. 5, 2024 -
Permission granted by Virtú Investments
Q&AInvestor sells in the Sun Belt, buys in California
When cap rates fell below 3% in Phoenix, Virtú Investments CEO Mike Green knew it was time to shift to lower-supply markets.
By Leslie Shaver • Aug. 1, 2024 -
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Ballast and Goldman Sachs give up 82 San Francisco properties
Owner and manager Hamilton Zanze is reportedly in line to handle the operation of the three portfolios.
By Leslie Shaver • Aug. 1, 2024 -
Permission granted by Cortland
DEALS + STARTSHouston acquisition could be a harbinger of busy second half
EVP of Investments Kyle Bateh sees a lot of dry powder on the sidelines waiting to make deals.
By Leslie Shaver • July 29, 2024 -
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Apartment sales volume finally turns positive as AIR-Blackstone deal closes
Investment activity jumped 20% in the second quarter after seven consecutive quarters of high double-digit declines, according to MSCI.
By Leslie Shaver • July 26, 2024 -
Permission granted by JBM Institutional Multifamily Advisors
DEALS + STARTSInland sells Florida asset to Interface Properties
JBM Institutional Multifamily Advisors, which brokered the deal, sees the transaction market opening up in the Sunshine State.
By Leslie Shaver • July 24, 2024 -
Permission granted by Woodfield Development
Q&AWhy Woodfield thinks now is a good time to get shovels in the ground
The developer sees an opportunity to open new projects in an advantageous market in 2026, according to partner Greg Bonifield.
By Leslie Shaver • July 23, 2024 -
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5 ways a manager can insulate itself from a distressed owner
Operators can survive a troubled client by doing their homework, bringing in equity and working with the lender.
By Leslie Shaver • July 22, 2024 -
Permission granted by Hamilton Point Investments
Q&AFinance exec says now is a good time to buy apartments
Hamilton Point Investments recently bought four new properties in Houston and is ready to make more deals, according to co-founder Matt Sharp.
By Leslie Shaver • July 18, 2024 -
Retrieved from Flaherty & Collins.
Lender moves to foreclose on Flaherty & Collins’ Indianapolis high-rise
Prime Finance is suing for $101 million after the apartment developer allegedly defaulted on payments on the 27-story property.
By Leslie Shaver • July 17, 2024 -
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Trepp: Multifamily CMBS delinquency moves past 2%
The special servicing rate for apartments fell in June but remained above 5%.
By Leslie Shaver • July 15, 2024 -
Retrieved from Crescent Heights.
Crescent Heights secures loan modification at beleaguered San Francisco property
The developer will retain control of the 754-unit NEMA San Francisco apartment complex after paying its lenders $10.5 million.
By Leslie Shaver • July 12, 2024 -
Permission granted by Continental Realty Corp.
Q&ACRE exec embraces market reset
Nicole Brickhouse is the newly appointed director of capital markets at Baltimore’s Continental Realty Corp.
By Jennifer Goodman • July 11, 2024 -
Permission granted by Morgan Properties
Morgan acquires 3,434 units in its home state
The apartment owner plans $80 million in upgrades at the 11 properties in Pennsylvania.
By Leslie Shaver • July 10, 2024
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