Capital: Page 7

  • The evening sun is reflected in the modern apartment building with balconies.
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    MSCI: Apartment sales fall to $5.1B

    Multifamily transactions declined 68% year over year, while prices dropped 12.1%.

    By • Jan. 3, 2024
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    unkas_photo via Getty Images
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    Apartment starts drop 33%

    While multifamily developers struggle to get funding, single-family builders see a temporary resurgence.

    By • Jan. 2, 2024
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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
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    ST-art via Getty Images
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    US regulators flag commercial real estate as a leading risk in 2024

    “Signs of stress emerged in 2023, and the market outlook is challenging” for commercial real estate, according to the Financial Stability Oversight Council.

    By Jim Tyson • Dec. 21, 2023
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    Marilyn Nieves via Getty Images
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    DEALS + STARTS

    EQR acquires 2 Atlanta-area properties for $179.7M

    The REIT bought a brand-new apartment community in Suwanee, Georgia, and a 2019 asset in Decatur.

    By • Dec. 21, 2023
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    Kirpal Kooner via Getty Images
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    Multifamily debt tops $2 trillion

    CMBS providers have a smaller share of apartment loans, according to a new report.

    By • Dec. 20, 2023
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    Permission granted by JPI
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    8 of 2023’s top deals

    Sumitomo Forestry America’s acquisition of the operating platform of apartment developer JPI stood out in a slow year, ranking as one of the biggest transactions in the last 12 months.

    By • Dec. 20, 2023
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    Permission granted by Courtesy Lennar/Quarterra Group Inc.
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    Lennar looks to sell 11,000 apartments reportedly worth $4.5B total

    The home builder is open to breaking up the portfolio, according to Bloomberg.

    By • Dec. 18, 2023
  • The words Federal Reserve engraved in a marble building with an eagle above.
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    Douglas Rissing via Getty Images
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    Multifamily leaders welcome possible rate cuts

    The Federal Reserve’s announcement last week has executives hopeful that transactions could pick up.

    By • Dec. 15, 2023
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    deepblue4you via Getty Images
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    CMBS apartment loans going to servicing rise 12 basis points

    However, Trepp said delinquencies fell during the month, and CRED iQ reported an overall decline in apartment distress.

    By • Dec. 14, 2023
  • Federal Reserve Chair Jerome Powell.
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    Scott Olson via Getty Images
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    Fed holds main rate steady, signals deeper cuts to borrowing costs in 2024

    Policymakers paused monetary tightening for the third consecutive meeting as traders in interest rate futures bet the Fed will begin easing in the spring.

    By Jim Tyson • Dec. 13, 2023
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    Jean Burbano via Getty Images
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    DEALS + STARTS

    AvalonBay acquires properties in North Carolina, Texas

    The REIT plans to increase returns through operational efficiencies and light value-add upgrades.

    By • Dec. 12, 2023
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    Permission granted by Gray Capital
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    Q&A

    Why Gray Capital is moving to pref equity

    The Indiana owner and operator is “inundated” with owners looking for funds.

    By • Dec. 11, 2023
  • Five-story brown, modern apartment building with balconies on the corner.
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    Permission granted by JPI
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    JPI-Sumitomo deal closes

    Sumitomo’s projects would make it the No. 6 developer in the country.

    By • Dec. 11, 2023
  • Brown, two story apartments surrounded by trees and flowers
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    Permission granted by Interstate Equities Corporation
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    DEALS + STARTS

    California owner buys 3 West Coast properties for $68M

    Interstate Equities Corp. plans to upgrade the communities.

    By • Dec. 7, 2023
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    Laser1987 via Getty Images
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    Developer files for bankruptcy on California project

    In addition to the 180-unit deal in Van Nuys, FMB Development defaulted on a Los Angeles project in October.

    By • Dec. 6, 2023
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    Art Wager via Getty Images
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    Property built in 2006 heads to auction in Houston

    Austin-based GVA Real Estate Group reportedly owns the 264-unit Retreat at Stafford.

    By • Dec. 4, 2023
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    Sundry Photography via Getty Images
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    Trepp: $352B in apartment loans will mature by 2027

    Most markets have seen problem loans increase since 2021, with Houston leading the way.

    By • Dec. 1, 2023
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    4kodiak via Getty Images
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    DEALS + STARTS

    MAA scores Phoenix property in lease-up for $102M in cash

    The REIT purchased the property for below-replacement costs, showing how all-cash buyers hold an advantage in the current environment.

    By • Nov. 29, 2023
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    ipopba via Getty Images
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    Analysts downgrade 3 REITs on heightened supply concerns

    Multiple investment banks have cut Camden, UDR and MAA as bad debt and interest rate increases also pose problems.

    By • Nov. 28, 2023
  • A red construction frame in front of a high-rise building under construction.
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    JARAMA via Getty Images
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    Apartment starts plummet nearly 32%

    Completions of new buildings rose 14.3% as supply became a bigger issue in some markets.

    By • Nov. 27, 2023
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    Retrieved from Fannie Mae on November 20, 2023
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    Fannie Mae extends Positive Rent Payment program

    In just over a year, the program has helped 23,000 renters establish a credit score.

    By • Nov. 21, 2023
  • Glass building with Fannie Mae sign.
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    Retrieved from Fannie Mae on November 20, 2023
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    FHFA reduces lending caps again for Fannie, Freddie

    Loans that support workforce housing will be exempt from the volume limits.

    By • Nov. 20, 2023
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    Mlenny via Getty Images
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    Rents continue falling amid recession concerns

    Northeast and Midwest markets are growing, while the West and Sun Belt see rent declines related to new supply.

    By • Nov. 20, 2023
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    Svetlana123 via Getty Images
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    MSCI: Apartment sales fall for 14th straight month

    Multifamily transactions declined 72% year over year to $6.2 billion, while prices dropped 13.7%.

    By • Nov. 17, 2023
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    franckreporter via Getty Images
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    REIT Report

    EQR reports strength on the East Coast

    Washington, New York City and Boston thrive, while Seattle and San Francisco struggle. 

    By • Nov. 16, 2023