The Latest
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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 -
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 -
Hines enters the BTR market
The Houston-based CRE giant believes the sector will thrive during the “higher-for-longer” interest rate environment.
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Q&A
Upcoming 325-unit property spotlights artistry in Huntsville, Alabama
Bordering two historic districts, Stella at Five Points is positioned to take advantage of a changing market.
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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.
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Q&A
Hillpointe rises to the top
The firm’s fully integrated approach provides a unique competitive advantage, according to co-founder Steven Campisi.
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Greystar, Summit Contracting take top spots on construction lists
Mill Creek Residential and Trammell Crow Residential moved up to the No. 2 and No. 3 spots on the developer chart.
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Rent growth sees largest gain in 20 months
The national average rent rose $8 in March, and demand for units remains strong.
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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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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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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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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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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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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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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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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 -
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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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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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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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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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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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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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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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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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.