Capital: Page 18
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Apartment sales volume drops 17% in 2022
Prices also fell from November to December.
By Leslie Shaver • Jan. 20, 2023 -
DEALS + STARTS
Fogelman makes a purchase near the University of Georgia
The Memphis, Tennessee-based firm acquired 1,660 units, totaling $291 million, in 2022.
By Leslie Shaver • Jan. 19, 2023 -
Trendline
Top 5 stories from Multifamily Dive
A roundup of some of Multifamily Dive’s top stories of 2024.
By Multifamily Dive staff -
OUTLOOK 2023
3 questions about REITs in 2023
The public companies could see an opportunity to get more aggressive in the new year, but deteriorating fundamentals may provide challenges.
By Leslie Shaver • Jan. 18, 2023 -
OUTLOOK 2023
Apartment investors look for discounts in 2023
With $249 billion in debt maturing in the next two years, some owners may have to sell regardless of whether they’re ready.
By Leslie Shaver • Jan. 17, 2023 -
DEALS + STARTS
Trion scores 37% rate of return on Oregon deal
The company sold Fox Meadows in Portland for $19.35 million after holding it for two years.
By Leslie Shaver • Jan. 12, 2023 -
OUTLOOK 2023
Capital challenges squeeze apartment developers
With financing harder to obtain, some firms may press pause on construction in 2023.
By Leslie Shaver • Jan. 12, 2023 -
CMBS delinquency rate rises in December
Multifamily’s 36-basis-point increase topped all commercial real estate sectors.
By Leslie Shaver • Jan. 10, 2023 -
Multifamily loans top $2 trillion for the first time
The inventory of multifamily loans for the GSEs, life insurers, banks and thrifts, and securitization vehicles rose in the third quarter.
By Leslie Shaver • Jan. 4, 2023 -
UC Investments injects $4B into Blackstone’s REIT
Blackstone will contribute $1 billion of its current BREIT holdings to a strategic venture with the University of California’s investment arm.
By Leslie Shaver • Jan. 4, 2023 -
Lennar postpones plans to spin off multifamily subsidiary
The builder is going to "wait for the right timing" to spin off Quarterra, according to CEO Stuart Miller.
By Leslie Shaver • Dec. 21, 2022 -
Fed may cut rates in mid-2023: Fannie Mae
The U.S. economy will likely enter a mild recession during the first quarter after a slump in manufacturing and consumer spending, according to Fannie Mae economists.
By Jim Tyson • Dec. 21, 2022 -
Multifamily mortgage debt outstanding increases by $36B
Commercial banks saw the biggest increase in Q3, followed by life insurers.
By Leslie Shaver • Dec. 19, 2022 -
Q&A
Florida developer: Affordable housing production could face ‘bloodbath’ in 2023
Matthew A. Rieger said a concerted national effort is needed to fill the country’s housing gap.
By Leslie Shaver • Dec. 16, 2022 -
Freddie Mac Multifamily adds 2 senior VPs
The GSE has finalized its management team as experts expect it to take on more of the multifamily lending market in 2023.
By Leslie Shaver • Dec. 16, 2022 -
Fed raises main rate by half point, signals higher level in 2023
Fed Chair Jerome Powell said that recent progress in reducing inflation is not enough to forestall increases in borrowing costs in 2023.
By Jim Tyson • Dec. 15, 2022 -
Multifamily servicing rates continue to increase
The overall CRE servicing rate increased for the fourth month in a row.
By Leslie Shaver • Dec. 14, 2022 -
Blackstone says it won’t force asset sales from BREIT
News that the firm was limiting withdrawals from its $69 billion real estate income trust has led to speculation among multifamily watchers.
By Leslie Shaver • Dec. 14, 2022 -
Camden enters the BTR sector
The apartment REIT has two projects in master-planned communities in its hometown of Houston.
By Leslie Shaver • Dec. 13, 2022 -
DEALS + STARTS
Milestone acquires 870 units in Northern Virginia
By assuming the existing financing, the Dallas firm purchased three properties in Fairfax County.
By Leslie Shaver • Dec. 9, 2022 -
Small signs point to increasing delinquency rates
Fannie Mae sees late loan payments decrease while they rise for Freddie Mac.
By Leslie Shaver • Dec. 8, 2022 -
Apartment transactions plummet
The sales market won't take off until interest rates stabilize, says CBRE exec.
By Leslie Shaver • Dec. 6, 2022 -
Q&A
Nonprofits help affordable developer in the land-buying process
For companies like TWG that operate in colder climates, timing can help determine the success of a project.
By Leslie Shaver • Dec. 2, 2022 -
DEALS + STARTS
How one owner scored a large profit on a Florida property
Buying at the right time, property renovations and strong growth in Naples, Florida, helped Atlas.
By Leslie Shaver • Dec. 2, 2022 -
Material costs decline after 18 months of record highs
Prices for most commodities have fallen significantly over the last two months, with the exception of ready-mix concrete.
By Mary Salmonsen • Dec. 1, 2022 -
These states have the most student housing distress
Although there are pockets of problems in some areas, delinquencies in apartments near colleges have fallen to the lowest rate in 15 years.
By Leslie Shaver • Nov. 28, 2022