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OUTLOOK 20233 reasons why labor, material and land prices may ease in 2023
Construction costs for developers should moderate this year, experts say.
By Leslie Shaver • Jan. 23, 2023 -
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$448M loan backing 62 San Francisco properties goes into default
Veritas, the city’s biggest landlord, is looking for a partner to help recapitalize the assets.
By Leslie Shaver • Jan. 20, 2023 -
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Apartment sales volume drops 17% in 2022
Prices also fell from November to December.
By Leslie Shaver • Jan. 20, 2023 -
Permission granted by Fogelman Properties
DEALS + STARTSFogelman makes a purchase near the University of Georgia
The Memphis, Tennessee-based firm acquired 1,660 units, totaling $291 million, in 2022.
By Leslie Shaver • Jan. 19, 2023 -
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2 longtime DC real estate firms join forces
By acquiring Borger, Donohoe adds a residential management division.
By Leslie Shaver • Jan. 18, 2023 -
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Flexible rent payment options gain popularity as affordability decreases
Buy now, pay later programs save property managers time and help struggling renters stay up to date.
By Robyn Griggs Lawrence • Jan. 17, 2023 -
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OUTLOOK 2023Apartment investors look for discounts in 2023
With $249 billion in debt maturing in the next two years, some owners may have to sell regardless of whether they’re ready.
By Leslie Shaver • Jan. 17, 2023 -
Permission granted by Trion Properties
DEALS + STARTSTrion scores 37% rate of return on Oregon deal
The company sold Fox Meadows in Portland for $19.35 million after holding it for two years.
By Leslie Shaver • Jan. 12, 2023 -
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CMBS delinquency rate rises in December
Multifamily’s 36-basis-point increase topped all commercial real estate sectors.
By Leslie Shaver • Jan. 10, 2023 -
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Q&ADallas developer takes ‘pet friendly’ to the next level
Steve Bardack’s Fidus Pet Concierge Communities aims to purchase and renovate garden-style properties with pet-friendly features.
By Leslie Shaver • Jan. 6, 2023 -
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November deal volume drops almost 75%
Prices rise year over year as owners hold onto their properties.
By Leslie Shaver • Jan. 5, 2023 -
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Multifamily loans top $2 trillion for the first time
The inventory of multifamily loans for the GSEs, life insurers, banks and thrifts, and securitization vehicles rose in the third quarter.
By Leslie Shaver • Jan. 4, 2023 -
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UC Investments injects $4B into Blackstone’s REIT
Blackstone will contribute $1 billion of its current BREIT holdings to a strategic venture with the University of California’s investment arm.
By Leslie Shaver • Jan. 4, 2023 -
Permission granted by Banyan Residential
DEALS + STARTSFlexibility helps Los Angeles investor enter the Vegas market
Banyan Residential acquires 133 townhomes in a $61 million deal.
By Leslie Shaver • Jan. 3, 2023 -
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Lennar postpones plans to spin off multifamily subsidiary
The builder is going to "wait for the right timing" to spin off Quarterra, according to CEO Stuart Miller.
By Leslie Shaver • Dec. 21, 2022 -
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Multifamily servicing rates continue to increase
The overall CRE servicing rate increased for the fourth month in a row.
By Leslie Shaver • Dec. 14, 2022 -
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Blackstone says it won’t force asset sales from BREIT
News that the firm was limiting withdrawals from its $69 billion real estate income trust has led to speculation among multifamily watchers.
By Leslie Shaver • Dec. 14, 2022 -
Permission granted by The Milestone Group
DEALS + STARTSMilestone acquires 870 units in Northern Virginia
By assuming the existing financing, the Dallas firm purchased three properties in Fairfax County.
By Leslie Shaver • Dec. 9, 2022 -
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Small signs point to increasing delinquency rates
Fannie Mae sees late loan payments decrease while they rise for Freddie Mac.
By Leslie Shaver • Dec. 8, 2022 -
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Apartment transactions plummet
The sales market won't take off until interest rates stabilize, says CBRE exec.
By Leslie Shaver • Dec. 6, 2022 -
Permission granted by Atlas Real Estate Partners
DEALS + STARTSHow one owner scored a large profit on a Florida property
Buying at the right time, property renovations and strong growth in Naples, Florida, helped Atlas.
By Leslie Shaver • Dec. 2, 2022 -
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Material costs decline after 18 months of record highs
Prices for most commodities have fallen significantly over the last two months, with the exception of ready-mix concrete.
By Mary Salmonsen • Dec. 1, 2022 -
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These states have the most student housing distress
Although there are pockets of problems in some areas, delinquencies in apartments near colleges have fallen to the lowest rate in 15 years.
By Leslie Shaver • Nov. 28, 2022 -
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MBA: Multifamily originations declined 16% in Q3
Lending fell 13% across commercial real estate as rising interest rates thwarted deal flow.
By Leslie Shaver • Nov. 22, 2022 -
Permission granted by Haven Realty Capital
Haven, JP Morgan form $1B build-to-rent joint venture
The newly announced partnership is yet another signal that institutions are bullish on single-family rentals.
By Leslie Shaver • Nov. 18, 2022
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