Capital: Page 14
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DEALS + STARTS
Beacon nabs 2 newly completed projects
The company adds to its portfolio with two projects near Atlanta.
By Leslie Shaver • April 19, 2023 -
Oceanfront condo project halted by Daytona Beach officials
The city expressed concerns about progress and safety issues at Protogroup’s 31-story condominium project, which has been under construction since 2018.
By Leslie Shaver • April 18, 2023 -
Trendline
Top 5 stories from Multifamily Dive
A roundup of some of Multifamily Dive’s top stories of 2024.
By Multifamily Dive staff -
CBRE: Apartment going-in cap rate expansion slowing
Underwriting is beginning to stabilize after three quarters of increases of more than 35 basis points.
By Leslie Shaver • April 18, 2023 -
Most firms on NMHC Top 25 Builders list saw increases last year
Summit topped the ranking, reflecting both the company's growth and an active multifamily cycle, said President Marc Padgett.
By Leslie Shaver • April 17, 2023 -
Alliance grabs the country’s top development spot from Greystar
Only two developers on the NMHC Top 25 saw their starts decrease in 2022.
By Leslie Shaver • April 17, 2023 -
Multifamily CMBS delinquencies, servicing transfers continue to rise
The percentage of loans transferred has nearly doubled over the past year.
By Leslie Shaver • April 14, 2023 -
Boston Financial stays atop NMHC syndicator list
Though portfolios remain relatively stable, some see a need for more tax credits.
By Leslie Shaver • April 13, 2023 -
Deep Dive
4 ways that recent banking failures will impact the multifamily sector
After the collapse of Silicon Valley Bank and Signature, multifamily borrowers could face challenges finding construction debt and loans from smaller lenders.
By Leslie Shaver • April 12, 2023 -
MAA takes the No. 1 spot on NMHC’s Top 50 Owners list
Greystar jumped from the sixth spot to second in the 2023 ranking.
By Leslie Shaver • April 10, 2023 -
DEALS + STARTS
Bonaventure adds 3 more properties
The company used the UPREIT structure to make the acquisitions in a difficult environment.
By Leslie Shaver • April 10, 2023 -
Opinion
Real estate GPs need to get out their defensive playbooks
A few simple moves can help multifamily and commercial real estate GPs run leaner while positioning them to pounce on emerging opportunities.
By Michael Harris • April 6, 2023 -
Q&A
How Campus Apartments navigates the volatile transaction market
The student housing firm closed more than $650 million in transactions last year and is pursuing other deals in 2023.
By Leslie Shaver • April 4, 2023 -
DEALS + STARTS
Centerspace sells 9 Midwestern communities for $144M
With the disposition of more than 1,500 units in Minnesota and Nebraska, the REIT has reduced its debt.
By Leslie Shaver • April 3, 2023 -
DEALS + STARTS
Waterton re-enters Seattle with the purchase of 123-unit property
As groups that have to raise equity or syndications faded from the market, the Chicago-based firm saw an opportunity.
By Leslie Shaver • March 30, 2023 -
A ‘double-edged sword’: What you need to know about pref equity
This type of capital can enhance returns, but it comes with risk.
By Leslie Shaver • March 29, 2023 -
What’s behind the rise of pref equity?
The funding source is helping apartment owners and developers fill gaps in the capital stack.
By Leslie Shaver • March 27, 2023 -
Deal volume fell 76% YOY in February
Prices fell 8.7% as interest rate increases continued to squeeze the sales market.
By Leslie Shaver • March 24, 2023 -
Q&A
Los Angeles developer eyes 10,000 affordable units
By tweaking tax credit policy, Eddie Lorin thinks legislators can help stimulate more apartment development.
By Leslie Shaver • March 23, 2023 -
Miami developer laid off 25% of its workforce
The cuts came at the end of last year as workforce housing producer Resia adjusted its overhead to “new macroeconomic conditions.”
By Leslie Shaver • March 22, 2023 -
Multifamily outstanding debt grew by $148B in 2022
The agencies and mortgage-backed securities portfolios hold almost half of apartment loans.
By Leslie Shaver • March 21, 2023 -
Apartment starts up 24%, posting ‘unexpectedly strong month’
Looking forward, banking volatility could force the Fed to ease interest rate hikes that had been predicted to slow apartment starts.
By Leslie Shaver • March 20, 2023 -
Multifamily CMBS servicing and delinquency rates jump
Trepp data shows the increases are a trend across commercial real estate as owners, such as Blackstone, grapple with higher interest rates.
By Leslie Shaver • March 20, 2023 -
Bank failures cause uncertainty for contractors
The collapses of Silicon Valley Bank and Signature Bank could weaken this year’s outlook for commercial real estate and construction, an economist said.
By Sebastian Obando • March 16, 2023 -
CBRE: Looming oversupply will be short-lived
Even with a surplus of multifamily development over the short term, an additional 2.3 million new units will be needed nationwide over the next 10 years, according to a new analysis.
By Jennifer Goodman • March 15, 2023 -
Failed Signature Bank had a deep reach in the NYC rental market
The lender funded approximately 3,000 apartment buildings in the city, according to one source.
By Leslie Shaver • March 14, 2023