Capital: Page 6

  • Overhead view of rows of new homes with a street between.
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    Permission granted by Hines
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    Hines enters the BTR market

    The Houston-based CRE giant believes the sector will thrive during the  “higher-for-longer” interest rate environment.

    By • April 12, 2024
  • Landscape shot with trees in the foreground and a downtown skyline in the background
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    graphiknation via Getty Images
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    DEALS + STARTS

    RPM Living pays $85M for Atlanta-area asset

    The Austin, Texas-based firm bought the 407-unit apartment complex from Willow Bridge Property Co.

    By • April 11, 2024
  • A block of apartment complexes Explore the Trendline➔
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    Arturo Rosenow via Getty Images
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    Trendline

    Top 5 stories from Multifamily Dive

    A roundup of some of Multifamily Dive’s top stories of 2024.

    By Multifamily Dive staff
  • A clubroom with hanging lights, tables and seating.
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    Permission granted by Hillpointe
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    Q&A

    Hillpointe rises to the top

    The firm’s fully integrated approach provides a unique competitive advantage, according to co-founder Steven Campisi.

    By • April 11, 2024
  • New four-story, brown-and-white apartment property with a street and cars in the foreground.
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    Permission granted by Summit Contracting Group
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    Greystar, Summit Contracting take top spots on construction lists

    Mill Creek Residential and Trammell Crow Residential moved up to the No. 2 and No. 3 spots on the developer chart.

    By • April 10, 2024
  • Two wooden blocks on a computer keyboard that spell out "M&A"
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    Maks_Lab via Getty Images
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    Blackstone to take AIR private for $10B

    The private equity giant plans to invest more than $400 million to maintain and improve the REIT’s existing portfolio.

    By • April 8, 2024
  • A modern, high-rise apartment building with balconies and glass walls.
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    Permission granted by Mike Kelley
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    Greystar takes the top spot on owners’, managers’ and developers’ lists

    Asset Living and RPM Living are No. 2 and No. 3 respectively on the managers’ list, while MAA and Morgan Properties hold the same spots on the owners’ list.

    By • April 8, 2024
  • Bank sign on glass wall of business center
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    ultramarine5 via Getty Images
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    Multifamily becoming trouble spot for banks

    The number of apartment loans at least 30 days past due or in non-accrual has jumped 81%.

    By • April 5, 2024
  • City skyline at sunset
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    dibrova via Getty Images
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    Global investors favor apartment properties

    Multifamily is the most preferred sector of all three of CBRE’s global regions, including the Americas, Europe and Asia-Pacific.

    By • April 3, 2024
  • a boarded up gate in front of an apartment
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    Justin Sullivan via Getty Images
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    Deep Dive

    Investors watch, wait for signs of distress

    As lenders work with borrowers and bring back “extend-and-pretend” strategies, apartment properties with problem loans aren’t hitting the market.

    By • April 2, 2024
  • Freddie Mac sign with office building in the background.
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    Permission granted by Freddie Mac
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    GSEs regain their dominance in apartment lending

    Fannie Mae and Freddie Mac claimed 58% market share in 2023 after their share fell 39% in 2022.

    By • April 2, 2024
  • Older, brown, garden-style apartments
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    Permission granted by Southeast Property Group
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    2 distressed Chetrit properties sold in Florida for $20M

    With the purchases, Southeast Property Group has entered the Jacksonville market.

    By • March 29, 2024
  • Brick, three-story apartment building with grass and trees in the foreground.
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    Permission granted by Interra Realty
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    DEALS + STARTS

    Chicago deal fetches a near-decade high price for its submarket

    Icarus Investment Group snagged Madison Terrace in the Garfield Park neighborhood for $11 million.

    By • March 28, 2024
  • Mixed-use multifamily residential district area development with blue sunny sky background
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    Svetlana123 via Getty Images
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    Deal volume continues to fall, declining to $4.9B

    Transactions dropped 35% in February, as prices decreased 8.9%.

    By • March 27, 2024
  • Rendering of silver high-rise buildings surrounded by other high rises with a blue sky in the background
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    Permission granted by The Related Cos.
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    Starts drop 36% to 377,000

    Supply continued to pile up in February, with 644,000 apartments delivered and 966,000 under construction.

    By • March 27, 2024
  • Atlanta skyline over Piedmont Park
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    Marilyn Nieves via Getty Images
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    The cities with the largest volume of loan maturities

    Atlanta, Dallas and Denver lead the way, as $525 billion in overall apartment loans are expected to mature by 2029.

    By • March 25, 2024
  • Three-story brown brick apartments surrounded by grass and trees
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    Permission granted by JLL
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    DEALS + STARTS

    Centerspace sells 2 properties for $19M total

    Last year, the REIT jettisoned 13 communities for $226.8 million as it focused on repaying debt.

    By • March 21, 2024
  • Aerial view from skyline with skyscrapers in Brooklyn downtown New York on the Hudson river
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    photovs via Getty Images
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    Brooklyn properties transferred to servicing

    Three of Conway Capital’s New York City properties are delinquent despite strong occupancy.

    By • March 19, 2024
  • Brown residential buildings with blue sky
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    Arturo Rosenow via Getty Images
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    Multifamily logs biggest jump in distress in 18 months

    The sector’s 80 bps increase was higher than any other commercial real estate segment.

    By • March 18, 2024
  • Detached homes with a parking lots, cars and a pond in the foreground
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    Permission granted by Champion Real Estate Co.
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    Q&A

    Student housing firm sets sights on Power Five conference schools

    Champion Real Estate avoids the amenity wars by purchasing and renovating older properties.

    By • March 15, 2024
  • Three-story, multi-colored apartments with balconies.
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    vkyryl via Getty Images
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    REITs see hurdles for new acquisitions

    With asking cap rates still around 5% in many markets, most executives think sellers need to adjust prices.

    By • March 13, 2024
  • Light colored, detached home with sidewalk, driveway and grass in the foreground.
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    Permission granted by Shoreham Capital
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    Shoreham Capital sells SFR community near Orlando, Florida

    The developer went under contract over two years ago with a state pension fund for the 175-home community.

    By • March 12, 2024
  • San Francisco skyline
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    georgeclerk via Getty Images
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    More Veritas apartments hit the market in San Francisco

    The owner has defaulted on $1 billion worth of loans that were backed by more than 2,450 apartments across the city.

    By • March 12, 2024
  • An office building in New York City.
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    franckreporter/E+ via Getty Images
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    Powell predicts commercial real estate woes will most afflict smaller banks

    The Fed, bankers and commercial real estate executives have warned of turbulence as property owners struggle to refinance debt at higher rates.

    By Jim Tyson • March 7, 2024
  • Light-coloroed high rise with balconies.
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    Permission granted by KMA Design Studio
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    DEALS + STARTS

    Blighted New Jersey tower changes hands

    Hudson Valley Property Group worked for two years to cobble together financing to close the 21-story Northgate Apartments in Camden.

    By • March 7, 2024
  • Bank sign on glass wall of business center
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    ultramarine5 via Getty Images
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    Nearly 50 banks have multifamily loan issues

    At the end of 2023, 49 financial institutions had apartment nonperforming loans greater than 5% of total multifamily loans, according to a report from Fitch Ratings.

    By • March 6, 2024