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DEALS + STARTS
Knightvest lands 3 Texas deals
The firm continues to buy as it works out extensions with lenders on properties bought in 2021 and 2022.
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State sues Indianapolis apartment owner after hundreds of code violations
The lawsuit alleges multiple sewage failures at Hubbard Gardens dating back at least two years.
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5 ways to retain residents this winter
With cold weather coming and new competition on the horizon, here are some ways to keep heads in beds.
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EXECUTIVE MOVES
Cityview expands into Southwestern US
The firm is opening a new office in Dallas and has hired a former Kushner multifamily executive as director of acquisitions.
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Deals + Starts: November 2024
Firms including Greystar, Mosaic and Archway made news in recent months.
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PRODUCTS
November 2024 roundup: New multifamily products
Minimalist interior design and proptech integration are in focus this fall.
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AVB raises NOI guidance
The Virginia-based REIT expects to see a reacceleration of asking rents in Q4, compared to softer comps in 2023.
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MSCI: Cap rates rise 20 bps this year
Apartment sales volume increased 18% YOY in October, while prices fell 6.1%.
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Apartment completions jump 61% YOY
Starts dropped 12% year over year as new multifamily development continues to cool.
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PROJECT SPOTLIGHT
Korman Communities equips new Bay Area project for outdoor adventure
AVE Santa Clara will offer complimentary access to bikes, kayaks, camping equipment and other shared gear.
Updated Nov. 25, 2024 -
FHFA announces higher caps for Freddie, Fannie
The announcement comes as questions surround the future of GSEs under the incoming Trump administration.
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DEALS + STARTS
Jamison starts tenth office conversion in LA’s Koreatown
3325 Wilshire Boulevard will add 236 units to one of the city’s densest neighborhoods, according to the developer.
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REIT Report
Camden reduces revenue guidance
New supply and the removal of non-paying tenants were headwinds for the Houston-based REIT in the third quarter.
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DEALS + STARTS
Gilbane, CBRE partner on student housing portfolio
The initial transaction includes three existing properties and three in development across six Power Four schools.
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AvalonBay expands build-to-rent operations, plans future acquisitions
The company expects to find opportunities in its Texas, North Carolina and Colorado markets.
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Opinion
Developers should capitalize on energy tax credits now
With the future of the Inflation Reduction Act uncertain, multifamily firms should maximize efficiency measures as soon as possible, writes an energy expert.
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Multifamily inches down to $14.2B in distress
Despite a staggering amount of troubled properties, a number of reports point to an improving landscape.
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REIT Report
EQR’s blended rent growth is less than expected in Q3
The REIT didn’t have robust pricing power due to issues in Los Angeles and its expansion markets.
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Cleveland proposes $1M tenant advocacy program
The ordinance follows new laws passed earlier this year designed to regulate out-of-town landlords.
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How centralization is shaping the apartment industry
Changes in maintenance, administration and staffing are in the works as management firms move jobs off-site.
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Lakeland goes off-market to buy Massachusetts property
The firm secured 135 Main Street through a previous relationship and plans value-add upgrades at the asset.
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Average rent drops as supply remains high
While market performance is stable, policy changes during a second Trump administration could affect the long-term multifamily outlook, according to Yardi Matrix.
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Nearly 9K units planned near Taiwan Semiconductor campus in Phoenix
The 2,300-acre Halo Vista site will also include office, retail and industrial development estimated to be worth a total of $7 billion.
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DEALS + STARTS
Archway grabs deal for 30% discount in Dallas
The California-based firm plans exterior and amenity upgrades at the Coronado Apartment Homes.
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Insurance costs soften but higher premiums are on the horizon
Costs have moderated after huge jumps in previous years, according to multifamily executives and insurance experts.