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REIT Report
UDR raises same-store guidance
The Colorado-based REIT reported pressure on new lease rents but strength on the coasts.
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Fannie Mae investigates potential multifamily mortgage fraud
The government-sponsored enterprise admitted in its Q3 report that it had experienced financial losses due to loan misrepresentation.
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Harrison Street sells student portfolio for $893M
The Scion Group and a major institutional investor bought the 14 communities totaling 8,724 beds.
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Q&A
How amenity spaces can keep tenants for the long term
Offering the right social opportunities can increase the chance that residents will stay at a property, according to a Texas-based architect.
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REIT Report
MAA: Deliveries peaked in Q3
The Memphis-based REIT saw new apartment openings taper off in its markets.
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3 families sue property owners after gun violence at Florida apartments
A series of incidents going back to 2023 at Cedar Grove Apartments led to two deaths and an injury, according to court documents.
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Standard Communities acquires $1B portfolio
The firm plans to invest over $30 million in capital improvements and deferred maintenance across the 6,000 units in more than 60 communities.
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PROJECT SPOTLIGHT
Fivesquares, Aimco open 220 units near arts center, transit in Maryland
Residents of Strathmore Square will receive annual memberships to the performing arts center next door, among other perks.
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How will Trump’s victory affect the multifamily industry?
President-elect Donald Trump has said he aims to cut housing regulations and reduce mortgage rates, but details are scarce.
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Fed cuts rates by 25 bps
Treasuries jumped after the September rate reduction and again since the presidential election was called.
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California voters say no to Prop 33
Eight out of 13 major housing-related measures were approved during this week’s election.
Updated Nov. 6, 2024 -
REIT Report
Essex sees strength in Seattle
The California-based REIT’s same-store revenue growth helped it beat guidance in Q3.
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DEALS + STARTS
Construction begins on new Legacy property near Seattle
Legacy at University Place marks the developer’s first move into Washington’s Pierce County.
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EXECUTIVE MOVES
Cityview promotes Damian Gancman to chief investment officer
The 19-year company veteran will focus on unifying the firm’s investment and asset management strategy as it expands its operations.
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West Coast cap rates fall
Demand for well-located properties is rising, but inventory remains low.
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Opinion
What senior living communities need to prioritize for Gen X
The next generation of active adults has a new set of expectations around tech, finances and wellbeing, writes an expert in 55+ housing.
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Senators question KKR’s acquisition of 5,200 units
The lawmakers, including Sen. Elizabeth Warren, scrutinized the deal’s potential to “exacerbate rising rent costs in regions across the United States.”
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LA council votes to strengthen anti-harassment laws, stop ‘renovictions’
The move would expand the definition of tenant harassment and triple penalties for landlords in court cases.
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PGIM, Citymark enter JV to buy debt
The firms will target both performing and non-performing loans.
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Almost one-quarter of adults base living decisions on politics
Millennials are the most likely to want to live in areas where most of their neighbors’ views align with their own, according to a recent survey.
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How to navigate new FTC rules banning fake and incentivized reviews
Implementing new policies and training while monitoring outside partners can help operators stay compliant, according to industry experts.
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3 takeaways from OPTECH
Regulations, AI and centralization were hot topics at the NMHC’s annual event.
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DEALS + STARTS
Greystar reportedly in talks to buy $1.1B Australian student housing portfolio
If finalized, the transaction would include seven properties with a total of 5,662 beds across five cities.
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PRODUCTS
October 2024 roundup: New multifamily products
This month’s offerings bring the living experience into focus with a new resident services app, smart door locks, renewable energy storage and more.
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Thought Leaders: October 2024
Executives from Cortland, Roundhouse, Astor Cos. and more talk about their latest challenges and successes.
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