Transactions: Page 5
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Permission granted by Bozzuto
DEALS + STARTSBozzuto makes first acquisition in 16 years with Gables purchase
With development becoming more difficult to underwrite, the company is focused on buying stabilized properties on the East Coast.
By Leslie Shaver • May 7, 2024 -
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REIT ReportAVB beats estimates, raises guidance
Strong occupancy and low move-outs to buy homes gave the REIT pricing power into spring leasing season.
By Leslie Shaver • May 6, 2024 -
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MLG Capital uses unique approach to make $51M buy in Denver
The Wisconsin-based firm bought Lowry North in a transaction that provided tax benefits to the seller.
By Leslie Shaver • May 3, 2024 -
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$1.5B San Francisco loan heads to servicing
Maximus Real Estate Partners owns Parkmerced, a 3,221-unit housing complex in San Francisco.
By Leslie Shaver • April 30, 2024 -
Vito Palmisano via Getty Images
Washington, DC, apartment building heads to auction
Ranger Properties’ new 110-unit project in the Union Market neighborhood was recently foreclosed upon.
By Leslie Shaver • April 29, 2024 -
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KKR buys student portfolio from Blackstone for $1.64B
With this acquisition, University Partners will have more than 25,000 units under management.
By Leslie Shaver • April 26, 2024 -
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Atlanta office conversion goes to foreclosure
An affiliate of Plano, Texas-based Wolfe Investments took out a $20 million loan on 41 Marietta St. in July 2021.
By Leslie Shaver • April 24, 2024 -
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Multifamily deal volume drops 25%
The apartment sector has posted year-over-year transaction declines for seven consecutive quarters.
By Leslie Shaver • April 23, 2024 -
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Apartment starts fall more than 43%
Completions rose 4.6% as developers added more than 500,000 units in March.
By Leslie Shaver • April 23, 2024 -
Permission granted by Berkadia
DEALS + STARTSSan Diego-area apartment trades for $82M
Jackson Square Properties sold a 233-unit community in Chula Vista to Pacific Urban Investors.
By Leslie Shaver • April 18, 2024 -
Permission granted by Apartment Income REIT Corp
4 questions about the Blackstone-AIR deal
Analysts talk about the implications of last week's acquisition and the potential for more M&A on the horizon.
By Leslie Shaver • April 17, 2024 -
Permission granted by Bryten Real Estate Partners
MEB Management Services merges with Weller
The combined company, Bryten Real Estate Partners, will operate nearly 47,000 units across the U.S.
By Leslie Shaver • April 16, 2024 -
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S&P puts AIR on watch after Blackstone deal
The rating agency is concerned that the investment manager is “likely to continue to saddle aggressive debt leverage upon its portfolio companies.”
By Leslie Shaver • April 16, 2024 -
Permission granted by Hines
Hines enters the BTR market
The Houston-based CRE giant believes the sector will thrive during the “higher-for-longer” interest rate environment.
By Leslie Shaver • April 12, 2024 -
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DEALS + STARTS
RPM Living pays $85M for Atlanta-area asset
The Austin, Texas-based firm bought the 407-unit apartment complex from Willow Bridge Property Co.
By Leslie Shaver • April 11, 2024 -
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Blackstone to take AIR private for $10B
The private equity giant plans to invest more than $400 million to maintain and improve the REIT’s existing portfolio.
By Leslie Shaver • April 8, 2024 -
Permission granted by Mike Kelley
Greystar takes the top spot on owners’, managers’ and developers’ lists
Asset Living and RPM Living are No. 2 and No. 3 respectively on the managers’ list, while MAA and Morgan Properties hold the same spots on the owners’ list.
By Leslie Shaver • April 8, 2024 -
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Multifamily becoming trouble spot for banks
The number of apartment loans at least 30 days past due or in non-accrual has jumped 81%.
By Leslie Shaver • April 5, 2024 -
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Global investors favor apartment properties
Multifamily is the most preferred sector of all three of CBRE’s global regions, including the Americas, Europe and Asia-Pacific.
By Leslie Shaver • April 3, 2024 -
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Deep DiveInvestors watch, wait for signs of distress
As lenders work with borrowers and bring back “extend-and-pretend” strategies, apartment properties with problem loans aren’t hitting the market.
By Leslie Shaver • April 2, 2024 -
Permission granted by Freddie Mac
GSEs regain their dominance in apartment lending
Fannie Mae and Freddie Mac claimed 58% market share in 2023 after their share fell 39% in 2022.
By Leslie Shaver • April 2, 2024 -
Permission granted by Southeast Property Group
2 distressed Chetrit properties sold in Florida for $20M
With the purchases, Southeast Property Group has entered the Jacksonville market.
By Leslie Shaver • March 29, 2024 -
Permission granted by Interra Realty
DEALS + STARTSChicago deal fetches a near-decade high price for its submarket
Icarus Investment Group snagged Madison Terrace in the Garfield Park neighborhood for $11 million.
By Leslie Shaver • March 28, 2024 -
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Deal volume continues to fall, declining to $4.9B
Transactions dropped 35% in February, as prices decreased 8.9%.
By Leslie Shaver • March 27, 2024 -
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The cities with the largest volume of loan maturities
Atlanta, Dallas and Denver lead the way, as $525 billion in overall apartment loans are expected to mature by 2029.
By Leslie Shaver • March 25, 2024
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