Capital: Page 2

  • View from the the ground looking up at high rises and Wall St. and Front St. signs.
    Image attribution tooltip
    franckreporter via Getty Images
    Image attribution tooltip
    REIT Report

    UDR plans to back off of high occupancy to boost rents

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

    By • May 13, 2024
  • Five-story white apartments surrounded by palm tress and cars
    Image attribution tooltip
    Permission granted by American Landmark
    Image attribution tooltip
    DEALS + STARTS

    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.

    By • May 13, 2024
  • A block of apartment complexes Explore the Trendline➔
    Image attribution tooltip
    Arturo Rosenow via Getty Images
    Image attribution tooltip
    Trendline

    Top 5 stories from Dtmliving

    A roundup of some of Dtmliving’s top stories of 2024.

    By Dtmliving staff
  • Silicon Valley as viewed from Hunter's Point in Fremont Older Open Space Preserve. The cities of San Jose, Santa Clara, Sunnyvale, and Cupertino are visible.
    Image attribution tooltip
    Bill-Dally via Getty Images
    Image attribution tooltip

    Essex assumes ownership of California asset

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

    By • May 9, 2024
  • American flags in front of marble building
    Image attribution tooltip
    lucky-photographer via Getty Images
    Image attribution tooltip
    REIT Report

    Essex raises revenue guidance

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

    By • May 8, 2024
  • Four-level multi-colored apartment building with trees in the foreground.
    Image attribution tooltip
    Permission granted by Bozzuto
    Image attribution tooltip
    DEALS + STARTS

    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.

    By • May 7, 2024
  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
    Image attribution tooltip
    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
    Image attribution tooltip
    REIT Report

    AVB beats estimates, raises guidance

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

    By • May 6, 2024
  • Brown brick apartment buildings with streets in the foreground.
    Image attribution tooltip
    Permission granted by Carleton Cos.
    Image attribution tooltip
    Q&A

    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.

    By • May 6, 2024
  • The Denver skyline
    Image attribution tooltip
    miroslav_1 via Getty Images
    Image attribution tooltip

    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.

    By • May 3, 2024
  • Photo looking up at high rises and Wall Street sign.
    Image attribution tooltip
    franckreporter via Getty Images
    Image attribution tooltip
    REIT Report

    EQR continues trend of record-low turnover

    The REIT’s expenses rose only 1.3% thanks to lower maintenance and utility costs.

    By • May 1, 2024
  • San Francisco skyline at night
    Image attribution tooltip
    iStock/Getty via Getty Images
    Image attribution tooltip

    $1.5B San Francisco loan heads to servicing

    Maximus Real Estate Partners owns Parkmerced, a 3,221-unit housing complex in San Francisco.

    By • April 30, 2024
  • Washington DC skyline
    Image attribution tooltip
    Vito Palmisano via Getty Images
    Image attribution tooltip

    Washington, DC, apartment building heads to auction

    Ranger Properties’ new 110-unit project in the Union Market neighborhood was recently foreclosed upon.

    By • April 29, 2024
  • Rear view of two university students walk down campus stairs at sunset
    Image attribution tooltip
    ferrantraite via Getty Images
    Image attribution tooltip

    KKR buys student portfolio from Blackstone for $1.64B

    With this acquisition, University Partners will have more than 25,000 units under management.

    By • April 26, 2024
  • Landscape shot with trees in the foreground and a downtown skyline in the background
    Image attribution tooltip
    graphiknation via Getty Images
    Image attribution tooltip

    Atlanta office conversion goes to foreclosure

    An affiliate of Plano, Texas-based Wolfe Investments took out a $20 million loan on 41 Marietta St. in July 2021.

    By • April 24, 2024
  • Modern apartment building on sunny day.
    Image attribution tooltip
    Elena Alex photo via Getty Images
    Image attribution tooltip

    Multifamily deal volume drops 25%

    The apartment sector has posted year-over-year transaction declines for seven consecutive quarters.

    By • April 23, 2024
  • Wood-framed apartment complex under construction
    Image attribution tooltip
    Maudib via Getty Images
    Image attribution tooltip

    Apartment starts fall more than 43%

    Completions rose 4.6% as developers added more than 500,000 units in March.

    By • April 23, 2024
  • New apartment community with a pool in the foreground.
    Image attribution tooltip
    Permission granted by Summit Contracting Group
    Image attribution tooltip
    Q&A

    The country’s top apartment builder says higher prices are here to stay

    Summit Contracting Group’s Marc Padgett sees business picking up, but says that construction costs remain stubborn.

    By • April 19, 2024
  • Gray two-level apartment homes with steps.
    Image attribution tooltip
    Permission granted by Berkadia
    Image attribution tooltip
    DEALS + STARTS

    San Diego-area apartment trades for $82M

    Jackson Square Properties sold a 233-unit community in Chula Vista to Pacific Urban Investors.

    By • April 18, 2024
  • Corner view of a six-story, brick apartment building.
    Image attribution tooltip
    Permission granted by Apartment Income REIT Corp
    Image attribution tooltip

    4 questions about the Blackstone-AIR deal

    Analysts talk about the implications of last week's acquisition and the potential for more M&A on the horizon.

    By • April 17, 2024
  • pool with clubhouse in the background
    Image attribution tooltip
    Permission granted by Bryten Real Estate Partners
    Image attribution tooltip

    MEB Management Services merges with Weller

    The combined company, Bryten Real Estate Partners, will operate nearly 47,000 units across the U.S.

    By • April 16, 2024
  • The words credit rating with puzzle pieces in the background.
    Image attribution tooltip
    Kameleon007 via Getty Images
    Image attribution tooltip

    S&P puts AIR on watch after Blackstone deal

    The rating agency is concerned that the investment manager is “likely to continue to saddle aggressive debt leverage upon its portfolio companies.”

    By • April 16, 2024
  • Overhead view of rows of new homes with a street between.
    Image attribution tooltip
    Permission granted by Hines
    Image attribution tooltip

    Hines enters the BTR market

    The Houston-based CRE giant believes the sector will thrive during the “higher-for-longer” interest rate environment.

    By • April 12, 2024
  • A clubroom with hanging lights, tables and seating.
    Image attribution tooltip
    Permission granted by Hillpointe
    Image attribution tooltip
    Q&A

    Hillpointe rises to the top

    The firm’s fully integrated approach provides a unique competitive advantage, according to co-founder Steven Campisi.

    By • April 11, 2024
  • Landscape shot with trees in the foreground and a downtown skyline in the background
    Image attribution tooltip
    graphiknation via Getty Images
    Image attribution tooltip
    DEALS + STARTS

    RPM Living pays $85M for Atlanta-area asset

    The Austin, Texas-based firm bought the 407-unit apartment complex from Willow Bridge Property Co.

    By • April 11, 2024
  • New four-story, brown-and-white apartment property with a street and cars in the foreground.
    Image attribution tooltip
    Permission granted by Summit Contracting Group
    Image attribution tooltip

    Greystar, Summit Contracting take top spots on construction lists

    Mill Creek Residential and Trammell Crow Residential moved up to the No. 2 and No. 3 spots on the developer chart.

    By • April 10, 2024
  • Two wooden blocks on a computer keyboard that spell out "M&A"
    Image attribution tooltip
    Maks_Lab via Getty Images
    Image attribution tooltip

    Blackstone to take AIR private for $10B

    The private equity giant plans to invest more than $400 million to maintain and improve the REIT’s existing portfolio.

    By • April 8, 2024