Capital: Page 10

  • A living room with a high ceiling and light green walls.
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    Portra via Getty Images
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    While demand remains strong, rent growth continues to fall

    Operating expenses are on the rise across the country, driven by insurance costs, according to Yardi Matrix.

    By • Sept. 12, 2023
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    Andrii Yalanskyi via Getty Images
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    Q&A

    How a private investor adjusted its strategy in search of mid-teens returns

    Kingbird’s new president is looking at equity and mezz opportunities in this shifting market.

    By • Sept. 12, 2023
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    Arturo Rosenow via Getty Images
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    Trendline

    Top 5 stories from Multifamily Dive

    A roundup of some of Multifamily Dive’s top stories of 2024.

    By Multifamily Dive staff
  • Three-story tan and dark modern apartment with wraparound balconies on the corners.
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    Permission granted by Griffis at Riata
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    DEALS + STARTS

    Draper and Kramer moves into Austin

    The Chicago-based owner assumed the loan on the 307-unit Griffis at Riata.

    By • Sept. 7, 2023
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    agil73/iStock/Getty Images Plus via Getty Images
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    Apartment pros list their top challenges

    Owners’ and operators’ most pressing concerns have changed significantly over the past two years, according to a new NAA survey.

    By • Sept. 6, 2023
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    Chip Somodevilla via Getty Images
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    Freddie Mac Multifamily names new Targeted Affordable Housing exec

    Peter Lillestolen will oversee low-income housing tax credit equity and structured transactions for both conventional and TAH.

    By • Sept. 6, 2023
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    Permission granted by The Davis Cos.
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    Q&A

    Boston-based owner looks to triple its portfolio within the next few years

    The Davis Cos. plucked Mai Zhang from JBG Smith Properties to shepherd its apartment growth plans.

    By • Sept. 5, 2023
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    Permission granted by Bell Partners
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    DEALS + STARTS

    Bell adds properties in Texas, Florida and North Carolina

    The apartment owner plans to upgrade the properties as it continues to secure financing despite a volatile lending environment.

    By • Sept. 5, 2023
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    Justin Sullivan via Getty Images
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    $384M loan backed by luxury San Francisco high-rise sent to special servicing

    The property next to Elon Musk’s X headquarters is facing imminent default, according to a report from Trepp.

    By • Sept. 5, 2023
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    lucky-photographer via Getty Images
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    REITs report decelerating rent growth

    REITs show strength on the East Coast, but see less growth in the Sun Belt.

    By • Aug. 31, 2023
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    SunnyVMD via Getty Images
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    REIT Report

    NexPoint aims to pay off a credit facility with 2 Texas sales

    The REIT plans more Sun Belt sales as it seeks to reduce leverage and buy back stock.

    By • Aug. 29, 2023
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    Perawit Boonchu via Getty Images
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    Sales volume drops 76% YOY to $6B as cap rates hit 5%

    Transaction totals in July were also 53% below the $12.7 billion average during the five years before the pandemic, according to MSCI.

    By • Aug. 29, 2023
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    Permission granted by Mill Creek Residential
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    DEALS + STARTS

    Mill Creek adds a property in Colorado

    The developer and owner assumed the fixed-rate financing at Modera Art Park, which it bought from Carmel Partners.

    By • Aug. 28, 2023
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    Karin Higgins/UC Davis

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    7 student housing properties opening for the new school year

    Deliveries are on the rise this year, up almost 10,000 beds from fall 2022, according to data from RealPage.

    By • Aug. 24, 2023
  • Tan, brick apartments with the words "The Parker" above the entrance.
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    Permission granted by Waterton
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    Waterton returns to Portland, Oregon

    After reentering Seattle earlier this year, the owner picked up a 177-unit property in another Pacific Northwest metro.

    By • Aug. 23, 2023
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    unkas_photo via Getty Images
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    Permits for 5-plus units plummet 32%

    While multifamily developers started roughly the same number of projects a year ago, completions fell 23%.

    By • Aug. 22, 2023
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    kevinjeon00 via Getty Images
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    REIT Report

    Delinquent renters drive expenses 8.5% higher for Camden

    Despite evictions and skips, low move-outs to homeownership limit turnover damage for the Houston-based REIT.

    By • Aug. 21, 2023
  • A white sidewalk with grass lawns and stacks of blue and yellow shipping container apartments on either side.
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    Permission granted by Fisk University
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    Nashville college opens shipping container dorm

    The $4 million project at Fisk University will help house students while a new residence hall is under construction.

    By • Updated Aug. 23, 2023
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    designer491 via Getty Images
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    Trepp: Multifamily CMBS delinquencies rise, but properties in servicing decline

    Though the percentage of apartment communities facing financial challenges has risen over the past year, executives still aren’t seeing a lot of distressed sales.

    By • Aug. 17, 2023
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    Courtesy of Toll Brothers Apartment Living
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    DEALS + STARTS

    Toll Brothers breaks ground on opportunity zone project in Phoenix

    Henri will be located next to the Roosevelt Row arts and culture district.

    By • Aug. 16, 2023
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    Pgiam via Getty Images
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    REIT Report

    Revenue growth boosts AvalonBay

    As market conditions slow, the Virginia-based REIT sees an opportunity to pick up land in its expansion metros.

    By • Aug. 16, 2023
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    Arturo Rosenow via Getty Images
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    Opinion

    Despite a sobering Q2, the future looks bright for owners, developers

    As the second half of the year gets underway, the multifamily sector will remain strong despite several sizable headwinds, writes fund management expert Marshall Boyd.

    By Marshall Boyd • Aug. 15, 2023
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    Permission granted by Eastwind Development
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    Q&A

    How Eastwind is navigating Florida’s difficult development market

    New legislation combined with interest rate hikes and rising material costs make penciling out new deals difficult, Florida developer says.

    By • Aug. 15, 2023
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    Simon Carter via Getty Images
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    REIT Report

    Essex raises rent guidance as tech layoff fears subside

    The REIT saw sluggishness in Seattle while Southern California thrived. 

    By • Aug. 14, 2023
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    Permission granted by Pacific Urban Investors
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    DEALS + STARTS

    Pacific Urban makes 21st San Diego deal, continues to see growth opportunities

    The apartment owner’s internal research led it to a property in the city’s La Jolla submarket.

    By • Aug. 11, 2023
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    Permission granted by BH Properties
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    Q&A

    Los Angeles owner launches $1B initiative to buy affordable housing

    BH Properties brought in Bill Stoll from Steadfast Cos. to help find new properties that have completed their 15-year compliance period.

    By • Aug. 10, 2023