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 next year.
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Tracker
Problem loans: Tracking the biggest multifamily delinquencies
Recent distressed transactions occurred in Baltimore and Detroit.
Updated Oct. 17, 2024 -
FTC finalizes junk fees rule
The measure, which targets event ticketing and short-term rentals, does not directly address the multifamily industry.
Updated Dec. 17, 2024 -
Turner tops out $345M California mixed-use project
222 North City, developed by San Diego-based Sea Breeze Properties, will create 460 residential units across two 12-story towers.
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Canyon raises $1.2B investment vehicle
CRED III will target real estate debt investments and real estate credit securities across the U.S.
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DEALS + STARTS
Optima plans to double unit count on Chicago’s North Shore
Optima Lumina will be the developer’s second mixed-use project in Wilmette, Illinois, located next door to the first.
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Sports developer pitches $250M project next to Louisville’s Slugger Field
The Louisville Sports Entertainment District would include rental units, a hotel, shops and a new field entrance.
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PROJECT SPOTLIGHT
Portman links apartments with office tower in Charlotte’s South End
Pre-leasing has begun at the 370-unit Linea tower, situated along a future light rail stop.
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‘Not a bad legacy’: Bolton stepping down at MAA
Brad Hill will take over as CEO, effective April 1, 2025, for the second-largest apartment owner in the county.
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Judge denies request to toss out Yardi case
The software provider and 10 apartment operators argued that the plantiffs didn’t have standing and were “attempting to manufacture a Sherman Act violation.”
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508-unit NYC building likely to head to servicing
The property, 180 Water St., has a $265 million loan that originated in 2019 and an additional $100 million in mezzanine debt.
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New supply leads rent prices lower
The national average rent fell by $5 in November, and growth is slowing month over month in most major markets.
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New York City makes sweeping zoning changes to address housing crisis
The plan approved last week creates the nation’s most populous area without parking mandates for new residential construction. It also eases office-to-residential conversions and allows more density.
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Dune, TF Cornerstone create $1B conversion venture
The firms formed Alta Residential, which will convert office buildings to residential uses in cities with high barriers to entry.
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DOJ reportedly ends criminal probe of multifamily pricing practices
Despite Friday’s announcement, the department's civil case against revenue management firm RealPage continues in federal court.
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Note from the Editor-in-Chief
A change in ownership and what it means for our readers.
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The largest multifamily starts of October 2024
Groundbreakings include a renovation in New York City and a mixed-use development in Washington, D.C.
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Hudson Valley Property Group acquires 22-property portfolio
The firm purchased the 4,768 units, located in Washington, Colorado, California and Idaho, from Inland Group.
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EXECUTIVE MOVES
Greystar hires senior managing director of digital technologies
In the newly created role, Jordan Kobert will lead the multifamily giant’s product and engineering teams.
Updated Dec. 9, 2024 -
DEALS + STARTS
Parkland starts 124 rental townhomes near Georgia movie studio
Morgan Park in Fayetteville is expected to go vertical next summer.
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REITs struggle with new lease rents
Although growth was tepid in the third quarter, there are signs that new deliveries are declining and demand is holding up.
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Industry leaders applaud Trump’s pick for HUD
Scott Turner, the chief visionary officer at JPI, is a proponent of Opportunity Zones.
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RealPage files motion to dismiss DOJ suit
Despite the company’s “very compelling arguments,” an antitrust lawyer thinks the case will proceed.
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Brookfield buys $845M portfolio from Blackstone
The firm purchased eight properties totaling more than 4,000 units from Blackstone Real Estate Income Trust.
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Q&A
Why Larken Associates has moved away from centralization
The property manager is focusing on dedicated teams that cultivate relationships with residents, according to its director of residential asset management.