Top multifamily groundbreakings, deals and sales: May 2025

Companies including Altus, Dominium and RADCO made news in recent weeks.

By Multifamily Dive Staff • May 29, 2025

One-tenth of US apartments owned by private equity

Blackstone’s holdings make up over 10% of the 2.2 million total units, according to a recent report.

By Mary Salmonsen • May 29, 2025

Apartment sales volume jumps 20% to $9.2B in April

Multifamily prices fell 1% year over year after dropping at a 7.3% annual pace a year ago, but REIT executives aren’t seeing tariff-related impacts on valuations yet.

By Leslie Shaver • May 28, 2025

How Valiant grew into a top 50 multifamily firm

The Dallas-based company made its first appearance on the NMHC list this spring, 10 years after launching third-party property management services.

By Leslie Shaver • May 27, 2025

Mesirow raises $1.2B for value-add apartments

The Chicago-based firm will focus on multifamily properties needing upgrades in the top 30 U.S. markets. 

By Leslie Shaver • May 27, 2025

Camden posts near record-low resident turnover rate

The REIT also saw apartment starts fall as much as 80% in some of its Sun Belt markets.

By Leslie Shaver • May 21, 2025

Starts jump nearly 30% YOY for buildings with 5 or more units

With tariffs looming, permits for those apartments rose slightly, while deliveries and properties under construction fell year over year.

By Leslie Shaver • May 20, 2025

RADCO launches value-add brand with 615-unit apartment buy

With the purchase of Legacy at Riverdale, the Atlanta-based firm makes its first acquisition of this cycle.

By Leslie Shaver • May 16, 2025

CMBS delinquencies for apartments reach highest point since 2015

The rate has risen 524 basis points over the past 12 months, according to Trepp.

By Leslie Shaver • May 14, 2025

Virginia leads the way for MAA

The Memphis-based REIT has seen turnover improve, but new lease rates are still declining year over year.

By Leslie Shaver • May 13, 2025

Trump proposes cutting $33B in HUD funding, including Section 8

The budget proposal prioritizes state-based grants over federal aid, and would include a two-year cap on rental assistance for adults without disabilities.

By Mary Salmonsen • May 12, 2025

How investors are closing deals despite Treasury volatility

In this environment, success depends on “disciplined underwriting, aggressive stress testing and staying flexible,” according to an executive.

By Leslie Shaver • May 12, 2025

International multifamily investors undeterred by US trade turbulence

While a majority of foreign financiers have a negative outlook for U.S. property, 44% still plan to grow their holdings in 2025, according to a new report.

By Mary Salmonsen • May 9, 2025

CAPREIT acquires 2 Maryland properties

The North Bethesda, Maryland-based firm has dedicated $5 million toward upgrades, which will include a refresh of building exteriors, amenities and common areas.

By Leslie Shaver • May 9, 2025

Essex sees new lease rents turn positive

Despite its strong first quarter, the West Coast REIT didn’t raise guidance, citing economic uncertainty.

By Leslie Shaver • May 8, 2025

EQR hits all-time low for turnover

The 7.9% rate was due in part to the Chicago-based REIT’s centralized renewal process, according to COO Michael Manelis.

By Leslie Shaver • May 6, 2025

American South Capital Partners buys New Orleans apartment property

The firm utilized Community Development Block Grant dollars to make the underwriting feasible amid rising insurance costs.

By Leslie Shaver • May 5, 2025

Three Steps Properties buys troubled Oakland apartments for $78M

An affiliate of Union Labor Life Insurance Co. sold the 206-unit Zo residential tower.

By Leslie Shaver • May 2, 2025

Altus Equity Group acquires 1,225 units in Texas

The Odessa Multifamily Portfolio boasts a 92% occupancy rate and a forecasted year-one yield exceeding 10%.

By Leslie Shaver • May 1, 2025

Apartment deal volume jumps 7%, hitting $30B in Q1

While recent tariff news has had a “dizzying effect” on the public equity and bond markets, multifamily performance “never responds to shocks in a single quarter,” the MSCI report said.

By Leslie Shaver • April 29, 2025

Why student housing is bucking the transaction freeze

As property sales have faltered for traditional multifamily, a Coastal Ridge executive notes that off-campus property sales have remained healthy.

By Leslie Shaver • April 25, 2025

Ashcroft Capital buys Orlando property from DR Horton

Birchstone Waterleigh will be the New York City-based firm’s seventh acquisition in the area.

By Leslie Shaver • April 24, 2025

Kennedy Wilson, Tokyu Land team up for $200M investment

The firms created a platform to provide preferred equity and mezzanine real estate investments for multifamily and industrial projects nationwide.

By Leslie Shaver • April 23, 2025

Starts fall 10% YOY amid constrained conditions

Both the number of apartments under construction and those completed declined in March.

By Leslie Shaver • April 22, 2025

Georgia apartment complex sells for record price

A private buyer from Tennessee bought the Valdosta property for $18.3 million.

By Leslie Shaver • April 21, 2025