Multifamily prices drop more than other CRE sectors

Apartment sales volume fell 64% from last year’s record high.

By Leslie Shaver • April 24, 2023

Report: Prepare for a debt ceiling crisis

J.P. Morgan recommends that owners have a cushion and try to refinance to prepare for potential economic shockwaves over the U.S. debt limit.

By Leslie Shaver • April 24, 2023

One of New York City’s last women-only apartment buildings sells for $52M

Brooklyn-based Educational Housing Services now owns the 376-unit Webster Apartments in midtown Manhattan.

By Mary Salmonsen • April 24, 2023

Texas foreclosures foreshadow Class C troubles

The Applesway Investment Group portfolio suffered from neglect and changing market conditions.

By Leslie Shaver • April 24, 2023

Beacon nabs 2 newly completed projects

The company adds to its portfolio with two projects near Atlanta.

By Leslie Shaver • April 19, 2023

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 Leslie Shaver • April 18, 2023

Multifamily CMBS delinquencies, servicing transfers continue to rise

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

By Leslie Shaver • April 14, 2023

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 Mary Salmonsen • April 13, 2023

Boston Financial stays atop NMHC syndicator list

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

By Leslie Shaver • April 13, 2023

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 Leslie Shaver • April 12, 2023

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 Leslie Shaver • April 10, 2023

Bonaventure adds 3 more properties

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

By Leslie Shaver • April 10, 2023

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 Leslie Shaver • April 4, 2023

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 Leslie Shaver • April 3, 2023

TruAmerica promotes 5 to senior executive positions

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

By Leslie Shaver • March 31, 2023

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 Leslie Shaver • March 30, 2023

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 Leslie Shaver • March 29, 2023

What’s behind the rise of pref equity?

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

By Leslie Shaver • March 27, 2023

Deal volume fell 76% YOY in February

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

By Leslie Shaver • March 24, 2023

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 Leslie Shaver • March 22, 2023

Multifamily outstanding debt grew by $148B in 2022

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

By Leslie Shaver • March 21, 2023

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 Leslie Shaver • March 20, 2023

Eyeing national expansion, Northland opens second HQ in Texas

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

By Leslie Shaver • March 16, 2023

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 Leslie Shaver • March 14, 2023

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 Leslie Shaver • March 14, 2023