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.

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.

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.

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.

Multifamily becoming trouble spot for banks

The number of apartment loans at least 30 days past due or in non-accrual has jumped 81%.

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

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.

Design firm rolls out conversion scorecard

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

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.

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.

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.

Maryland Supreme Court rules against Kushner Cos.

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

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.

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.

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.

2 distressed Chetrit properties sold in Florida for $20M

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

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.

Deals + Starts: March 2024

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

Deal volume continues to fall, declining to $4.9B

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

March 2024 roundup: New multifamily products

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

Starts drop 36% to 377,000

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

Riaz Capital turns Oakland hotel into art-infused workforce housing

The ArtHaus Jack London features murals across the exterior, including one designed by an 11-year-old artist.

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.

Renter competition runs hot in Midwest, Sun Belt markets

In some cities, demand for units is high and new supply is low or even nonexistent.

Report: DOJ opens criminal probe into RealPage, multiple landlords

The Justice Department also has an ongoing civil investigation into the data and software provider.