Rents: Page 2
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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 Leslie Shaver • March 12, 2024 -
FTC, DOJ argue against dismissal of Yardi antitrust case
The agencies contend that competitors must not agree to advertised list prices, even if actual rents vary from that starting point.
By Leslie Shaver • March 8, 2024 -
Trendline
Rent Trends
Seasonality, supply, concessions and more are top of mind for rental owners and operators across the country.
By Multifamily Dive staff -
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 Leslie Shaver • March 7, 2024 -
Arizona AG sues RealPage, multiple landlords
The state alleges that the firm’s revenue management software compiles competitively sensitive lease data on pricing and occupancy.
By Leslie Shaver • March 4, 2024 -
REIT Report
MAA sees new lease pricing improve after 7% fall
The REIT’s blended pricing rose 130 basis points in January, and the firm expects fundamentals to improve as the year plays out.
By Leslie Shaver • Feb. 26, 2024 -
For-cause eviction bill passes in Colorado House
The legislation, which lays out specific reasons for evictions, now moves to the Senate.
By Mary Salmonsen • Feb. 26, 2024 -
Apartment starts fall 38%
Developers completed 538,000 units during January, a 53.7% YOY jump.
By Leslie Shaver • Feb. 22, 2024 -
REIT Report
Essex sees improvements in delinquencies
Although the REIT operates in relatively low-supply markets, it only expects 1.25% in rent growth.
By Leslie Shaver • Feb. 21, 2024 -
REIT Report
UDR turns to defense
In addition to focusing on occupancy, the REIT is using AI to combat fraud.
By Leslie Shaver • Feb. 16, 2024 -
Weak rent growth on the horizon for 2024
The national average rent was unchanged last month as new supply dampened prices, according to Yardi Matrix.
By Mary Salmonsen • Feb. 15, 2024 -
UDR assumes ownership of Mill Creek lease-up development in Oakland
The REIT had provided $45.2 million in preferred equity for the 173-unit asset.
By Leslie Shaver • Feb. 15, 2024 -
REIT Report
Camden expects a ‘transition year’ for supply, with the highest concessions in Nashville and Austin
Overall, the firm predicts property revenues to fall between 0.5% to 2.5%, with Southern California leading the way.
By Leslie Shaver • Feb. 14, 2024 -
REIT Report
AVB generated $10M from its AvalonConnect rollout in 2023
Like EQR, the REIT expects a slower year in 2024 with NOI growth of 1.25%.
By Leslie Shaver • Feb. 12, 2024 -
Senators introduce bill to prevent use of algorithms to raise rent
If passed, the legislation would make rent coordination a violation of the Sherman Act.
By Mary Salmonsen • Feb. 7, 2024 -
REIT Report
EQR sees renewal rents above 5%
The REIT expects to see costs fall in 2024, including those from payroll, maintenance and repair.
By Leslie Shaver • Feb. 7, 2024 -
4 takeaways from the NMHC conference
The association’s packed event in San Diego last week featured lots of commentary about housing supply.
By Leslie Shaver • Feb. 6, 2024 -
The most, least affordable cities for single renters
Women carry a higher rent burden than men in major cities, owing to gender pay gaps, according to a new study.
By Mary Salmonsen • Feb. 1, 2024 -
Fitch: Multifamily CMBS delinquencies to double in 2024
Heightened levels of new supply, slowing revenue growth and higher expenses will challenge apartments.
By Leslie Shaver • Jan. 29, 2024 -
Q&A
Management exec sees softening in NYC metro
In the suddenly competitive market, FirstService Residential’s Marc Pollack is prioritizing service.
By Leslie Shaver • Jan. 26, 2024 -
What apartment leaders need to know for 2024
It’s anyone’s guess what will happen in the next 12 months, but these insights from multifamily pros can help bring the year into focus.
By Multifamily Dive Staff • Jan. 26, 2024 -
2024 OUTLOOK
5 predictions for apartment development in 2024
As starts fall, labor and land will be impacted.
By Leslie Shaver • Jan. 24, 2024 -
Where land is scarce and housing is costly, some cities are looking up
Jurisdictions across the country are relaxing zoning laws to allow for taller multifamily construction.
By Amanda Loudin • Jan. 19, 2024 -
Q&A
New Jersey owner caters to empty nesters
Woodmont Properties offers flexibility, storage and larger apartments.
By Leslie Shaver • Jan. 19, 2024 -
2024 OUTLOOK
Where rents will go in 2024
New supply and concessions will be the headline stories in apartment markets this year.
By Leslie Shaver • Jan. 17, 2024 -
Q&A
The evolution of build to rent
As he embarks on a new role as CEO of ARK Homes For Rent, John Isakson sees an opportunity to define the BTR sector.
By Leslie Shaver • Jan. 16, 2024