Capital: Page 13
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Senior housing investors expect rent growth in 2023
Almost one-third of CBRE survey respondents are underwriting growth of 7% or more for assisted living.
By Mary Salmonsen • July 25, 2023 -
Brookfield makes cuts in its commercial development group
As construction slows, other companies are also scaling back.
By Leslie Shaver • July 24, 2023 -
Trendline
Top 5 stories from Multifamily Dive
A roundup of some of Multifamily Dive’s top stories of 2024.
By Multifamily Dive staff -
MSCI: Sales volume plummets 72%
Apartment prices fell 11.7% in Q2, which was the biggest decline among all major commercial property sectors.
By Leslie Shaver • July 24, 2023 -
DEALS + STARTS
After a buying spree in 2022, Brazos picks up 2 more Texas properties
The company founded by brokerage veterans William Hancock and James Roberts has secured all its properties in off-market purchases.
By Leslie Shaver • July 19, 2023 -
Insurance Issues
Rising insurance costs could force apartment sales, threaten new development
Premium increases create a host of issues for multifamily executives, who are already struggling with multiple financial challenges.
By Leslie Shaver • July 18, 2023 -
Trepp: Troubled multifamily loans help push CRE servicing rate higher
The percentage of delinquent apartment loans also rose.
By Leslie Shaver • July 17, 2023 -
UDR’s LaSalle deal shows continued appetite from international investors, analysts say
The REIT will seed a $510 million joint venture with LaSalle Investment Management with four properties.
By Leslie Shaver • July 13, 2023 -
DC’s Hoffman & Associates continues its southward expansion
After moving into Charlotte and Richmond, the company is eyeing other markets in the Southeast.
By Leslie Shaver • July 12, 2023 -
Q&A
Consultant predicts flat material prices for second half of year
Labor shortages, a manufacturing boom and infrastructure work are keeping the industry from returning to pre-pandemic price levels.
By Sebastian Obando • July 11, 2023 -
NRP adds execs from other firms as it expands to Las Vegas, Phoenix
Mike Moriarty and Austin Kates were hired from The Ardour Co. and The Wolff Co. respectively and will initially focus on market-rate development.
By Leslie Shaver • July 11, 2023 -
FHA raises large multifamily loan threshold
Loans of up to $120 million are now eligible for standard underwriting.
By Mary Salmonsen • July 9, 2023 -
Lili Dunn sees a lot of ‘dry powder’ for apartment investments
The CEO of Bell Partners is eyeing opportunities after the company closed a value-add fund.
By Leslie Shaver • July 5, 2023 -
Multifamily starts jump 40%
Even as groundbreakings surged, financing woes slowed permit numbers last month.
By Leslie Shaver • July 5, 2023 -
Insurance Issues
Apartment owners call for insurance reform
By adopting new risk models, lenders could help borrowers reduce costs, experts say.
By Leslie Shaver • July 5, 2023 -
Opinion
How to apply for GRRP funds
The $4.8 billion Green and Resilient Retrofit Program offers developers and owners direct grants and loans to improve HUD-assisted properties.
By Donald Bernards • June 29, 2023 -
DEALS + STARTS
Atlas grabs a value-add deal in a booming Savannah, Georgia, submarket
With a bustling port nearby and a $5.5 billion Hyundai plant on the way, the Pooler area is seeing rapid job growth.
By Leslie Shaver • June 27, 2023 -
Despite challenges, real estate pros are optimistic
After hitting rock bottom, industry sentiment is on the rise again despite fears of a mild recession.
By Mary Salmonsen • June 26, 2023 -
Apartment sales continue their descent
Transactions fell 79% year over year, while prices declined 12.5%.
By Leslie Shaver • June 26, 2023 -
Luxury NYC apartment property goes to servicing
Although The Aire faces issues, multifamily CMBS servicing and delinquency rates have dropped recently.
By Leslie Shaver • June 26, 2023 -
DEALS + STARTS
GID purchases Miami asset
The Top 50 owner expects to continue collecting properties in the Southeast this year.
By Leslie Shaver • June 22, 2023 -
Multifamily owners want rate cuts, not pauses
While apartment executives were happy to see a pause in interest rate increases, the 10-year Treasury remains a concern.
By Leslie Shaver • June 21, 2023 -
HUD awards funding for green, resilient retrofit projects
The first round of the $4.8 billion GRRP covers upgrades for 28 rent-assisted properties.
By Mary Salmonsen • Updated Sept. 15, 2023 -
Q&A
Florida developer says insurance costs could limit new housing supply
Factors like inflation, recent storms and even tort reform have led to a 30% premium increase.
By Leslie Shaver • June 20, 2023 -
Multifamily pros react to interest rate pause
Many apartment executives and brokers don’t expect to see a big impact after the Fed’s announcement.
By Leslie Shaver • June 16, 2023 -
DEALS + STARTS
Three Pillars grabs ‘distressed sale’ in Houston
The former owner of the Chateaux Dijon Apartments, where President George W. Bush reportedly once lived, had a loan due in June.
By Leslie Shaver • June 15, 2023