The Latest

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    Jason Finn via Getty Images
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    Tracker

    Problem loans: Tracking the biggest multifamily delinquencies

    Recent distressed transactions involve major players, including Greystar, UDR and Mill Creek.

    Updated March 14, 2024
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    Permission granted by National Apartment Association
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    2024’s top multifamily events

    It’s time to plan for the year ahead. Multifamily Dive has you covered with a full list of the industry conferences, expos and meetings in 2024.

    Updated Feb. 20, 2024
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    Drew Angerer via Getty Images
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    Biden has proposed ‘the boldest housing plan in a generation,’ his economic advisor says

    The plan would expand tax credits for affordable housing developers, a proven way to boost supply, National Economic Advisor Lael Brainard said.

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    putilich via Getty Images
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    Rising rental fraud comes at a cost for property managers

    Falsified applications have reduced income or increased expenses by at least 10% for most operators, according to a new report.

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    monkeybusinessimages via Getty Images
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    Opinion

    Survey says operators should focus on community over frills

    More than luxurious amenities, renters want to be treated with a welcoming attitude by staff and other tenants, according to a new NMHC report.

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    AlbertPego via Getty Images
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    How to ease the path to transit-oriented housing development

    Public transportation agencies “just [don’t] have the land resources on hand to make it feasible,” said the author of a recent Urban Institute analysis.

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    Maks_Lab via Getty Images
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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.

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    Permission granted by Mike Kelley
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    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.

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    ultramarine5 via Getty Images
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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%.

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    YayaErnst via Getty Images
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    Surge of legislation aims to regulate the multifamily industry

    Rent control, housing fees and tenant screening are the subjects of hundreds of bills and rule proposals.

    Updated April 9, 2024
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    Permission granted by Related Midwest
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    DEALS + STARTS

    Related Group starts $500M tower on Chicago waterfront

    400 Lake Shore will replace the abandoned Chicago Spire project with two residential buildings and a new public park.

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    City of Chicago

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    Design firm rolls out conversion scorecard

    Lamar Johnson Collaborative rates potential adaptive reuse sites based on incentives, building form and function, location and reputation.

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    dibrova via Getty Images
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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.

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    fluxfoto via Getty Images
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    Nearly half of renters still pay by check

    A new report says that ACH payments are the top choice when it comes to electronic options.

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    Justin Sullivan via Getty Images
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    Deep Dive

    Investors 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.

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    Google Maps

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    Maryland Supreme Court rules against Kushner Cos.

    The lawsuit alleges Kushner-owned Westminster Management charged fees above the state’s legal limit.

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    Permission granted by Freddie Mac
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    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.

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    Permission granted by Merrimac Ventures
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    DEALS + STARTS

    Sold-out condo tower underway at $6B Miami Worldcenter

    The 606-unit 600 Miami Worldcenter touts the potential use of its units as short-term rentals.

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    miniseries via Getty Images
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    Opinion

    5 steps to mitigate revenue management software risks

    As the multifamily sector comes under unprecedented levels of antitrust scrutiny, owners and managers must take steps to protect themselves, attorney David D. Cross says.

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    Permission granted by Southeast Property Group
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    2 distressed Chetrit properties sold in Florida for $20M

    With the purchases, Southeast Property Group has entered the Jacksonville market.

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    Permission granted by Interra Realty
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    DEALS + STARTS

    Chicago deal fetches a near-decade high price for its submarket

    Icarus Investment Group snagged Madison Terrace in the Garfield Park neighborhood for $11 million.

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    Permission granted by KMA Design Studio
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    Deals + Starts: March 2024

    Landmark, Venterra Realty, Centerspace and others were in the news this month.

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    Svetlana123 via Getty Images
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    Deal volume continues to fall, declining to $4.9B

    Transactions dropped 35% in February, as prices decreased 8.9%.

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    Permission granted by Kohler
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    PRODUCTS

    March 2024 roundup: New multifamily products

    Offerings this month include exterior finishes, keyless locks and sinks made of recycled materials.

  • Rendering of silver high-rise buildings surrounded by other high rises with a blue sky in the background
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    Permission granted by The Related Cos.
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    Starts drop 36% to 377,000

    Supply continued to pile up in February, with 644,000 apartments delivered and 966,000 under construction.