The Latest
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2025’s top multifamily conferences
Multifamily Dive has you covered with a full list of the industry events, expos and meetings on tap for this year.
Updated Jan. 30, 2025 -
Washington attorney general sues RealPage, 9 landlords
The lawsuit claims that the defendants violated the Consumer Protection Act with their use of revenue management software.
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San Francisco property goes into receivership
The $980 million portion of the $1.5 billion senior loan backing Parkmerced went delinquent in March, along with its $275 million mezzanine loan.
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NMHC Top 50
Greystar, Summit lead NMHC’s developer and builder lists
While these industry stalwarts remain at the top of the association’s newest rankings, a Dallas firm has rocketed up the charts.
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More Baltimore conversions face foreclosure
An LLC controlled by Philadelphia-based PMC Property Group has defaulted on a $16.4 million loan, while an entity controlled by Chasen Cos. declared bankruptcy on a second building.
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HUD reinstates Enterprise’s $40M Section 4 contract
The department had previously canceled several long-standing capacity building grants for local housing organizations.
Updated April 10, 2025 -
NMHC Top 50
Greystar approaches 1M apartments under management
The firm’s ownership growth occurred organically, while the absorption of Atlanta-based owner and developer Wood Partners’ units fueled its operational expansion.
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PROJECT SPOTLIGHT
Shorewood to begin leasing at former brewery site in NJ
The Ballantine will feature branding and design aesthetics inspired by Newark’s Ironbound neighborhood and its history.
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DEALS + STARTS
$501M portfolio deal pushes Morgan past 100,000 units
The Pennsylvania-based firm acquired 3,054 apartments from Trilogy Real Estate Group across eight Midwestern states.
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Denver tenants awarded $13.5M in class action lawsuit
The case argued that the owners and operator of the Mint Urban Infinity Apartments had violated the state’s warranty of habitability law.
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2 Houston properties face issues
One asset’s value declined 56% after damage from a windstorm and Hurricane Beryl.
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Despite economic uncertainty, multifamily performance remains strong
Rents are on the rise with the start of the spring leasing season, up 0.4% in the first quarter of this year, according to Yardi Matrix.
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REITs ready to ramp up development despite tariff risks
Although the Trump administration’s policies are creating uncertainty, many of multifamily’s biggest public companies see an opportunity to start construction.
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UDR settles with tenants in racial, sexual harassment case
A lawsuit from the District of Columbia Attorney General alleges that the REIT failed to protect its tenants from a resident who was ultimately convicted of a hate crime.
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RealPage sues city of Berkeley
The software provider claims the California city’s recent ordinance on pricing technology imposes a “sweeping and unconstitutional ban on lawful speech.”
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DEALS + STARTS
Sunstone Two Tree enters San Diego
The California-based firm bought Terraza Hills, a property built in 1976 and still in its original condition, for $45 million.
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DEALS + STARTS
Porter Kyle breaks ground on $60M rental townhomes in highly competitive market
The Wayne will be the only BTR development in a 10-mile radius of Chandler, Arizona, according to its developer.
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EXECUTIVE MOVES
NRP Group names 3 new third-party construction VPs
Kevin Glenn, Noah Soven and Matt Tryder will cover Florida, the Carolinas and the Northeast, respectively.
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Q&A
McCourt’s ‘supercharged’ real estate efforts pay off
Frank McCourt and his company may have sold the Dodgers, but the firm still has high hopes for Los Angeles.
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Trump administration considers using federal land for affordable housing
Western states could be the most impacted, according to a Wall Street Journal report, but some advocates say the move is unlikely to meet the biggest housing needs in high-cost markets.
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FHFA reverses part of Biden’s Renters Bill of Rights
U.S. Federal Housing Director Bill Pulte has vacated the advance notice requirements for housing funded by Freddie Mac and Fannie Mae.
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DEALS + STARTS
Fogelman grabs Houston-area property
The Memphis-based firm acquired Advenir at Eagle Creek in Humble, Texas, and rebranded the asset as The Fenwick.
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New Funds
The Bascom Group launches fund targeting $500M in acquisitions
The new Rule 506(c) fund is geared toward value-add and distressed apartment acquisitions.
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Opinion
Expenses that multifamily investors can — and can’t — deduct
Understanding the nuances of tax write-offs is essential for any investor aiming to optimize their bottom line, writes an industry executive.
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Apartment sales increase 7% to $7.5B
Cap rates rose 20 basis points compared to February 2024, averaging 5.6% for the month.