Transactions: Page 8

  • 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
  • Van Nuys sign
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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
  • An aerial view of the downtown skyline and surrounding metropolitan area of Houston.
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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
  • A row of brightly colored apartments on a city street
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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
  • Phoenix, Arizona skyline at dusk
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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
  • 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
  • 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
  • Mixed-use multifamily residential district area development with blue sunny sky background
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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
  • Photo looking up at high rises and Wall Street sign.
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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
  • Tan and brown brick apartment building with balconies
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    elxeneize via Getty Images
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    Multifamily originations fall 50%

    Fannie Mae and Freddie Mac see volume decline 27% in Q3, as underwriting remains difficult and transactions continue to drop.

    By • Nov. 16, 2023
  • Downtown skyline view of high-rise buildings in Phoenix, Arizona.
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    4kodiak via Getty Images
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    Phoenix office-to-apartment conversion goes to foreclosure

    The former BMO Harris bank tower could be auctioned later this month after the owner defaulted on a $71.3 million loan.

    By • Nov. 15, 2023
  • Photo of stock exchange letters.
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    Pgiam via Getty Images
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    REIT Report

    Essex sees delinquencies drop in October

    The REIT predicts growth potential from tech jobs in its West Coast markets, with limited new supply competition.

    By • Nov. 14, 2023
  • Aerial view of white apartment building.
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    Permission granted by Eden Multifamily
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    DEALS + STARTS

    Eden sells new Florida property for $73M

    The developer was able to move the asset ahead of schedule without advertising widely.

    By • Nov. 9, 2023
  • Seal of the Board of Governors of the United States Federal Reserve System.
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    LD via Getty Images
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    Fed pause gives hope that deals could pick up

    After the central bank’s announcement last week, the 10-year Treasury fell 40 basis points from October’s high.

    By • Nov. 6, 2023
  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
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    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
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    REIT Report

    AVB adjusts return expectations on new development

    Move-outs to new homes fell for AvalonBay, but executives expect market deceleration in 2024.

    By • Nov. 2, 2023
  • Five-story brown, modern apartment building with balconies on the corner.
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    Permission granted by JPI
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    Behind the scenes of the JPI-Sumitomo deal

    JPI CEO Payton Mayes sees an opportunity to move into new markets when the time is right.

    By • Nov. 1, 2023
  • Tan, three-story apartment building with palm trees and a lake in the foreground.
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    Permission granted by Kaplan Residential
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    DEALS + STARTS

    Kaplan secures 20-acre Florida site for $5.2M

    The developer plans to build five three-story buildings with elevators. 

    By • Nov. 1, 2023
  • American flags in front of marble building
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    lucky-photographer via Getty Images
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    REIT Report

    MAA’s new lease rents fall due to competitors’ concessions

    A glut of new supply is providing obstacles and opportunities for the REIT.

    By • Oct. 31, 2023
  • The California Capitol building.
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    Wallentine via Getty Images
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    Opinion

    ‘Yes in God’s Back Yard’ law aims to help battle California’s housing crisis

    The recently signed bill allows religious groups and nonprofit colleges to build affordable housing on their land without strict adherence to zoning standards. 

    By Ellia Thompson • Oct. 30, 2023
  • A panoramic view from above San Francisco's financial district on a bright sunny day.
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    georgeclerk via Getty Images
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    754-unit San Francisco property loses more than half its value

    The NEMA San Francisco apartment complex sits next to the headquarters of social media giant X.

    By • Oct. 26, 2023
  • Brown apartments with dark roofs and street in the foreground.
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    Permission granted by Eastham Capital
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    Q&A

    Why this investor prefers local partners

    Eastham Capital looks for firms that self-manage and have on-the-ground expertise.

    By • Oct. 24, 2023
  • Tan apartment community with a pool in the foreground.
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    Permission granted by Darwin German Real Estate
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    DEALS + STARTS

    Darwin German nabs a Dallas-area property for a significant discount

    The Mark at Weatherford was sold in September for 37% lower than its January 2022 price.

    By • Oct. 23, 2023
  • Tan and brown brick apartment building with balconies
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    elxeneize via Getty Images
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    MSCI: Sales slide 62% in Q3

    Even though conditions may be stabilizing, there are only certain types of deals getting done.

    By • Oct. 23, 2023
  • The Federal Trade Commission building.
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    RiverNorthPhotography via Getty Images
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    TransUnion to pay $23M to settle federal charges

    The credit reporting agency did not admit wrongdoing regarding the FTC’s charges of failing to ensure tenant screening results were accurate.

    By • Oct. 19, 2023
  • Two-story apartment building with a pool in the foreground
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    Permission granted by Venterra Realty
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    DEALS + STARTS

    Venterra Realty grabs 2 brand-new Florida properties

     The company relied on its established relationships with lenders to secure two apartment communities built this year.

    By • Oct. 19, 2023