Capital: Page 4
-
How centralization is shaping the apartment industry
Changes in maintenance, administration and staffing are in the works as management firms move jobs off-site.
By Leslie Shaver • Nov. 15, 2024 -
Lakeland goes off-market to buy Massachusetts property
The firm secured 135 Main Street through a previous relationship and plans value-add upgrades at the asset.
By Leslie Shaver • Nov. 15, 2024 -
DEALS + STARTS
Archway grabs deal for 30% discount in Dallas
The California-based firm plans exterior and amenity upgrades at the Coronado Apartment Homes.
By Leslie Shaver • Nov. 14, 2024 -
Harrison Street sells student portfolio for $893M
The Scion Group and a major institutional investor bought the 14 communities totaling 8,724 beds.
By Leslie Shaver • Nov. 13, 2024 -
Insurance costs soften but higher premiums are on the horizon
Costs have moderated after huge jumps in previous years, according to multifamily executives and insurance experts.
By Leslie Shaver • Nov. 13, 2024 -
REIT Report
MAA: Deliveries peaked in Q3
The Memphis-based REIT saw new apartment openings taper off in its markets.
By Leslie Shaver • Nov. 11, 2024 -
Standard Communities acquires $1B portfolio
The firm plans to invest over $30 million in capital improvements and deferred maintenance across the 6,000 units in more than 60 communities.
By Leslie Shaver • Nov. 8, 2024 -
Fed cuts rates by 25 bps
Treasuries jumped after the September rate reduction and again since the presidential election was called.
By Leslie Shaver • Nov. 7, 2024 -
REIT Report
Essex sees strength in Seattle
The California-based REIT’s same-store revenue growth helped it beat guidance in Q3.
By Leslie Shaver • Nov. 7, 2024 -
West Coast cap rates fall
Demand for well-located properties is rising, but inventory remains low.
By Leslie Shaver • Nov. 4, 2024 -
Senators question KKR’s acquisition of 5,200 units
The lawmakers, including Sen. Elizabeth Warren, scrutinized the deal’s potential to “exacerbate rising rent costs in regions across the United States.”
By Leslie Shaver • Nov. 1, 2024 -
PGIM, Citymark enter JV to buy debt
The firms will target both performing and non-performing loans.
By Leslie Shaver • Oct. 31, 2024 -
DEALS + STARTS
Greystar acquires $1B Australian student housing portfolio
The transaction, finalized in mid-December, includes seven properties with a total of 5,662 beds across five cities.
By Mary Salmonsen • Updated Jan. 3, 2025 -
MSCI: Apartment sales volume increases for second consecutive quarter
Prices fell 6.3% year over year in Q3, but the pace of decline is moderating.
By Leslie Shaver • Oct. 28, 2024 -
DEALS + STARTS
Lion Real Estate Group nabs off-market deal in Houston
The investment firm saw an opportunity to secure a 25-year-old property at a good yield.
By Leslie Shaver • Oct. 25, 2024 -
Resia sells, retains management of Florida property
Kayne Anderson Real Estate bought Resia Old Cutler from the Miami-based firm using Fannie Mae debt.
By Leslie Shaver • Oct. 24, 2024 -
Historic Philadelphia building goes into servicing
The Brush Factory Lofts, which sits in a neighborhood where rents are falling, saw its loan hit 90 days’ delinquent in August.
By Leslie Shaver • Oct. 23, 2024 -
Apartment completions jump 42% YOY
September apartment starts fell 15% from a year ago, while units under construction dropped 17%.
By Leslie Shaver • Oct. 21, 2024 -
Q&A
The challenges of building workforce housing
Astor Cos. CEO Henry Torres is using the Live Local Act to add attainable rentals to his portfolio of luxury properties.
By Leslie Shaver • Oct. 21, 2024 -
Forum joins the preferred equity club
The apartment owner recently closed a $226 million investment vehicle specializing in multifamily private credit.
By Leslie Shaver • Oct. 16, 2024 -
Retrieved from Screenshot: Google Maps.
Bank reportedly forecloses on Chasen’s office conversion in Baltimore
The developer planned to turn the historic One Calvert Plaza into 173 apartments.
By Leslie Shaver • Oct. 15, 2024 -
DEALS + STARTS
Eastham, Mosaic buy 2 Houston properties
The partners were able to acquire Amber Oaks and Park Place by emphasizing their ability to close deals.
By Leslie Shaver • Oct. 11, 2024 -
Q&A
How tech investors can avoid getting burned by multifamily
Entrepreneur Zain Jaffer says an intense focus on IRR above all else can lead to problems.
By Leslie Shaver • Oct. 10, 2024 -
Retrieved from Screenshot: Google Maps.
Bank forecloses on Chasen’s office conversion in Baltimore
The developer planned to turn the historic One Calvert Plaza into 173 apartments.
By Leslie Shaver • Oct. 9, 2024 -
DEALS + STARTS
GPI makes acquisition in West Hollywood
The purchase of the Lofts at NoHo Commons is only one recent move from the firm as it ramps up activity in its hometown.
By Leslie Shaver • Oct. 7, 2024