Page 3

Trepp: Servicing rate passes 5% for first time in 7 years

Apartment distress also jumped in April, according to Cred iQ.

Lynd expands third-party management services with new data tools

The owner-operator has also rehired Josué Garza as president of property management.

Contractors, owners wait out high interest rates

As long as the Fed doesn't raise already elevated rates, a steady environment could jump-start stalled projects.

EPA launches new Energy Star residential standard

The Energy Star NextGen Certification for New Homes and Apartments builds on the foundation set by the existing program.

Another massive San Fran portfolio heading back to its lender

Goldman Sachs and Ballast Investments are expected to hand 1,200 apartments to RBC Real Estate Capital Corp.

Dogs and cats are priority No. 1 for potential renters

Apartments that will accommodate pets are more in demand than air conditioning or in-unit laundry, according to Zillow.

Rents are on the rise again, moving close to all-time highs

Although multifamily operators face challenges including rising costs and high interest rates, demand is keeping absorption consistent in most markets.

Camden sees favorable trends in insurance, taxes and bad debt

Although supply remains a problem, demand is durable in the REIT’s markets.

Bell buys 492-unit property in Southern California for $146M

The addition of Bell Murrieta Springs gives the owner and operator 11 properties in the region.

UDR plans to back off of high occupancy to boost rents

Despite solid results, the REIT isn’t raising its full-year guidance.

Virginia passes 2 fee-related bills into law

Landlords must disclose all costs upfront on the first page of leases, and businesses may soon be banned from charging electronic transaction fees.

American Landmark grabs a 444-unit deal in Tampa

The apartment owner was able to secure lower insurance than its competitors, which helped it purchase the waterfront property.

Owner, manager sued for death of 2 children in Mississippi apartment fire

The smoke alarms at the William Bell Apartments were not functional at the time of the incident, according to officials.

Essex assumes ownership of California asset

The REIT had provided a $14.7 million preferred investment in the 75-unit community in Sunnyvale.

Grubb plans 3 retail redevelopments in Southern California

The Los Angeles properties, formerly a Dollar Tree, a movie theater and other retail storefronts, will deliver a total of 375 new apartments.

Essex raises revenue guidance

Improvement in delinquencies helped power the REIT’s better-than-expected first-quarter numbers.

Core Spaces launches wealth management platform

The student housing firm has tapped brothers Tom and John Dine to lead the investment vehicle as managing directors.

$1.4B Detroit mixed-use tower tops out

The 685-foot-tall skyscraper is the city’s first in decades, and its second-tallest building.

Bozzuto makes first acquisition in 16 years with Gables purchase

With development becoming more difficult to underwrite, the company is focused on buying stabilized properties on the East Coast.

Aptitude Development to offer mental health support at its student housing

Residents will have free access to the Counslr app.

AVB beats estimates, raises guidance

Strong occupancy and low move-outs to buy homes gave the REIT pricing power into spring leasing season.

Quarterra Living exec leaves Lennar for Ashcroft Capital

JoAnn Blaylock is now president of Birchstone Residential, Ashcroft’s in-house property firm.

HUD raises max deductibles for wind and named storm coverage

The updates are intended to reduce costs for owners and provide more flexibility in negotiations with insurance providers.

Carleton Management Services’ new CEO sees a path for midsize firms

As operators go through a period of consolidation, Tasha Krawiec says some owners prefer smaller firms.

MLG Capital uses unique approach to make $51M buy in Denver

The Wisconsin-based firm bought Lowry North in a transaction that provided tax benefits to the seller.