Transactions: Page 13

  • Customer signing contract
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    Natee Meepian via Getty Images
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    CBRE: Apartment going-in cap rate expansion slowing

    Underwriting is beginning to stabilize after three quarters of increases of more than 35 basis points.

    By • April 18, 2023
  • An apartment building at sunset.
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    deepblue4you via Getty Images
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    Multifamily CMBS delinquencies, servicing transfers continue to rise

    The percentage of loans transferred has nearly doubled over the past year.

    By • April 14, 2023
  • A white building with two terraces flanking a room with large windows and white furniture.
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    Permission granted by Naftali Group/DBOX
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    PROJECT SPOTLIGHT

    Madison Avenue tower’s quadruplex penthouse sells for $67.8M

    The Bellemont, designed by Robert A.M. Stern Architects, comprises 11 sold-out units on New York’s Upper East Side.

    By • April 13, 2023
  • Brown and grey modern complex of residential buildings.
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    RomanBabakin via Getty Images
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    Boston Financial stays atop NMHC syndicator list

    Though portfolios remain relatively stable, some see a need for more tax credits.

    By • April 13, 2023
  • Employees walk in front of a sign outside of the shuttered Silicon Valley Bank headquarters.
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    Justin Sullivan via Getty Images
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    Deep Dive

    4 ways that recent banking failures will impact the multifamily sector

    After the collapse of Silicon Valley Bank and Signature, multifamily borrowers could face challenges finding construction debt and loans from smaller lenders.

    By • April 12, 2023
  • Modern apartment complex with a pool in the foreground.
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    Permission granted by MAA
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    MAA takes the No. 1 spot on NMHC’s Top 50 Owners list

    Greystar jumped from the sixth spot to second in the 2023 ranking.

    By • April 10, 2023
  • Apartments with pool in the foreground.
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    Permission granted by Bonaventure
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    DEALS + STARTS

    Bonaventure adds 3 more properties

    The company used the UPREIT structure to make the acquisitions in a difficult environment.

    By • April 10, 2023
  • Five-story brown and brick apartment building.
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    Permission granted by Campus Apartments
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    Q&A

    How Campus Apartments navigates the volatile transaction market

    The student housing firm closed more than $650 million in transactions last year and is pursuing other deals in 2023.

    By • April 4, 2023
  • Three-level brick apartment building with brown patios.
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    Permission granted by Centerspace
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    DEALS + STARTS

    Centerspace sells 9 Midwestern communities for $144M

    With the disposition of more than 1,500 units in Minnesota and Nebraska, the REIT has reduced its debt.

    By • April 3, 2023
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    Permission granted by TruAmerica Multifamily
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    TruAmerica promotes 5 to senior executive positions

    The leaders will help the company expand in Texas and the Midwest.

    By • March 31, 2023
  • Brown four-story apartment buildings.
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    Permission granted by Waterton
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    DEALS + STARTS

    Waterton re-enters Seattle with the purchase of 123-unit property

    As groups that have to raise equity or syndications faded from the market, the Chicago-based firm saw an opportunity.

    By • March 30, 2023
  • businessman is holding a wad of money
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    turk_stock_photographer via Getty Images
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    A ‘double-edged sword’: What you need to know about pref equity

    This type of capital can enhance returns, but it comes with risk.

    By • March 29, 2023
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    Daenin Arnee via Getty Images
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    What’s behind the rise of pref equity?

    The funding source is helping apartment owners and developers fill gaps in the capital stack.

    By • March 27, 2023
  • The side of gray apartment building with white railing.
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    Spencer Platt via Getty Images
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    Deal volume fell 76% YOY in February

    Prices fell 8.7% as interest rate increases continued to squeeze the sales market.

    By • March 24, 2023
  • Gray apartment building rendering with trees in the foreground
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    Permission granted by Resia
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    Miami developer laid off 25% of its workforce

    The cuts came at the end of last year as workforce housing producer Resia adjusted its overhead to “new macroeconomic conditions.”

    By • March 22, 2023
  • Coin stack on international banknotes with house model on table.
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    Zephyr18 via Getty Images
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    Multifamily outstanding debt grew by $148B in 2022

    The agencies and mortgage-backed securities portfolios hold almost half of apartment loans.

    By • March 21, 2023
  • Home key with keychain with black calculator on wooden table
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    Nuthawut Somsuk via Getty Images
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    Multifamily CMBS servicing and delinquency rates jump

    Trepp data shows the increases are a trend across commercial real estate as owners, such as Blackstone, grapple with higher interest rates.

    By • March 20, 2023
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    Permission granted by Northland
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    Eyeing national expansion, Northland opens second HQ in Texas

    The Newton, Massachusetts-based firm also added Jeff England as vice president of multifamily.

    By • March 16, 2023
  • People walk by a branch of Signature Bank.
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    Spencer Platt via Getty Images
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    Failed Signature Bank had a deep reach in the NYC rental market

    The lender funded approximately 3,000 apartment buildings in the city, according to one source.

    By • March 14, 2023
  • low-rise red apartment building
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    Andrey Sayfutdinov via Getty Images
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    When will apartment sales return?

    The Federal Reserve signaling a slowdown in interest rate hikes could be the start of bringing certainty to the market.

    By • March 14, 2023
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    Maks_Lab via Getty Images
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    Cadillac Fairview completes acquisition of Lincoln’s residential division

    Lincoln CEO Tim Byrne is retiring as a new group of leaders takes the helm at the Dallas-based company.

    By • March 10, 2023
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    Permission granted by Standard Communities
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    DEALS + STARTS

    Standard Communities grabs a controlling interest in more than 3,000 affordable units

    The purchase marks Standard’s first acquisition in Florida and its first affordable purchase in Georgia.

    By • March 9, 2023
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    William_Potter via Getty Images
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    MBA expects multifamily lending to fall 16%

    Five percent of nonbank multifamily mortgages are slated to mature in 2023.

    By • March 7, 2023
  • Two models of the building, two keys of the house and a binder on the white table.
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    kokouu via Getty Images
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    HUD loan volume falls

    Despite the slowdown, the agency’s existing loans could be coveted by borrowers this year.

    By • March 6, 2023
  • Brown apartments surrounding a pool with grass in the foreground.
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    Permission granted by RealSource Properties
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    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 • March 3, 2023