Capital: Page 20
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MBA expects multifamily lending to fall 16%
Five percent of nonbank multifamily mortgages are slated to mature in 2023.
By Leslie Shaver • March 7, 2023 -
Coastal developers, owners brace for ‘outrageous’ jump in insurance costs
Extreme-weather events and population growth have driven up the price of insurance for apartment companies, according to a new report.
By Leslie Shaver • March 7, 2023 -
HUD loan volume falls
Despite the slowdown, the agency’s existing loans could be coveted by borrowers this year.
By Leslie Shaver • March 6, 2023 -
Q&A
Once the buyer’s market arrives, it might not last long
An executive from RealSource Properties thinks apartment sales could snap back quickly.
By Leslie Shaver • March 3, 2023 -
Capital Commitments
Why Three Pillars is betting on distressed buys
The Houston-based private equity firm tapped into investors from the U.S. and the Middle East to help target Sun Belt properties.
By Leslie Shaver • March 3, 2023 -
Q&A
Are the BTR capital markets coming back?
Wolfson Development’s CEO thinks investors see safety in single-family rentals, even if the days of 40% rent growth in Florida are over.
By Leslie Shaver • March 1, 2023 -
Apartment sales fall 71%
Prices continued their decline in January, dropping 4.6% year over year.
By Leslie Shaver • Feb. 28, 2023 -
DEALS + STARTS
Continental Realty Corp. buys North Carolina property worth owning ‘for the long term’
The company assumed the HUD loan in a process that took nearly six months.
By Leslie Shaver • Feb. 24, 2023 -
Blackstone’s $270M loan goes to servicing
Despite loan servicing on an 11-property New York City portfolio, the investment giant says it remains committed to rental housing.
By Leslie Shaver • Feb. 22, 2023 -
Trepp: Multifamily CMBS servicing rates increase
One observer sees delinquency rising but staying under 2%.
By Leslie Shaver • Feb. 17, 2023 -
REIT Report
Equity Residential sees positive employment signs amid uncertainty
The REIT nears the finish line with some centralization initiatives as it works to corral costs.
By Leslie Shaver • Feb. 17, 2023 -
DEALS + STARTS
Blackstone makes big buy in Atlanta
Despite questions about its transaction strategy this year, the firm paid $133 million for a 473-unit property in Georgia.
By Leslie Shaver • Feb. 17, 2023 -
https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty ImagesREIT Report
AvalonBay pushes forward with expansion goals
On its earnings call last week, the REIT said it sees signs of rent growth heading into spring leasing.
By Leslie Shaver • Feb. 15, 2023 -
Q&A
Why it’s easier to get affordable deals done right now
RailField Partners' chief investment officer provides insight into which deals are crossing the finish line.
By Leslie Shaver • Feb. 14, 2023 -
REIT Report
Tech sector layoffs, eviction concerns stymie Essex’s growth
The REIT continues to make progress on its centralized property functions and revenue management system, it said during a recent earnings call.
By Leslie Shaver • Feb. 13, 2023 -
REIT Report
UDR plans to increase the number of properties without staffers
During its earnings call this week, the REIT’s executives talked about rising expenses, hot markets and the increasing importance of technology.
By Leslie Shaver • Feb. 9, 2023 -
The 5 markets with the most potential multifamily distress
St. Louis, followed by the tech hubs of Seattle and San Francisco, could face the most problem loans.
By Leslie Shaver • Feb. 8, 2023 -
DEALS + STARTS
Ballast Rock lands South Carolina property
After getting a discount, the apartment owner closed on the 132-unit Bentree Apartments.
By Leslie Shaver • Feb. 8, 2023 -
Rampant budget cuts anticipated amid recession fears
A new study shows that companies are planning for a recession, even if there are mixed views about the economy.
By Alexei Alexis • Feb. 7, 2023 -
Q&A
RangeWater focuses on the pre-development process
With more uncertainty in the market, the Atlanta-based firm is looking at milestones and tracking its spending.
By Leslie Shaver • Feb. 7, 2023 -
REIT Report
Camden reports revenue gains, but notes a slowing rental market
Sensing an opportunity in the future, the REIT could be more aggressive than its peers in developing new properties.
By Leslie Shaver • Feb. 6, 2023 -
Top 10 metros for construction starts
Even when adjusted for inflation, commercial and multifamily starts were robust in 2022 as projects moved back toward urban cores, according to a new report.
By Sebastian Obando • Feb. 6, 2023 -
REIT Report
MAA posts strong revenue, rent increases in Q4
The REIT’s robust renewal rates are driving growth as new lease pricing moderates, according to the firm’s earnings call last week.
By Leslie Shaver • Feb. 3, 2023 -
DEALS + STARTS
By assuming existing financing, RailField acquires a property in North Carolina
The Bethesda, Maryland–based owner sees the workforce property as a good value-add play.
By Leslie Shaver • Feb. 2, 2023 -
Multifamily starts drop 19%
As the market cools, construction is concentrated in five metros, according to a new analysis.
By Leslie Shaver • Jan. 31, 2023