Transactions: Page 3
-
georgeclerk via Getty Images
More Veritas apartments hit the market in San Francisco
The owner has defaulted on $1 billion worth of loans that were backed by more than 2,450 apartments across the city.
By Leslie Shaver • March 12, 2024 -
Permission granted by KMA Design Studio
DEALS + STARTSBlighted New Jersey tower changes hands
Hudson Valley Property Group worked for two years to cobble together financing to close the 21-story Northgate Apartments in Camden.
By Leslie Shaver • March 7, 2024 -
ultramarine5 via Getty Images
Nearly 50 banks have multifamily loan issues
At the end of 2023, 49 financial institutions had apartment nonperforming loans greater than 5% of total multifamily loans, according to a report from Fitch Ratings.
By Leslie Shaver • March 6, 2024 -
dibrova via Getty Images
Dallas, Atlanta lead the way for apartment sales
Both metros held the top spots despite transaction declines of more than 50%, while Chicago and New York City’s boroughs moved into the top five.
By Leslie Shaver • March 5, 2024 -
turk_stock_photographer via Getty Images
Multifamily originations fall
New loans declined 46% in 2023 and 27% in Q4, according to new reports.
By Leslie Shaver • March 1, 2024 -
Permission granted by JPI
Deals + Starts: February 2024
Fifield, Universe Holdings, Moinian Group, JPI and others were in the news this month.
By Dtmliving Staff • March 1, 2024 -
Permission granted by BH Management Services
Pretium acquires BH Management Services
The Des Moines, Iowa-based No. 8 apartment operator in the country has a portfolio of multifamily, student and single-family housing.
By Leslie Shaver • March 1, 2024 -
elxeneize via Getty Images
MSCI: Apartment sales drop 45%
Prices also fell in January, but the pace of decline is slowing.
By Leslie Shaver • Feb. 28, 2024 -
Permission granted by Cushman & Wakefield
DEALS + STARTSNew property in Phoenix area sells for $66.5M
Developer Vedura Residential sold Elevation at the Village to RV resort, manufactured home and apartment operator Cal-Am Properties.
By Leslie Shaver • Feb. 28, 2024 -
JaysonPhotography via Getty Images
REIT ReportMAA sees new lease pricing improve after 7% fall
The REIT’s blended pricing rose 130 basis points in January, and the firm expects fundamentals to improve as the year plays out.
By Leslie Shaver • Feb. 26, 2024 -
Permission granted by Forum Investment Group
Q&AIs the sales market thawing?
Forum Investment Group’s Darren Fisk compares the environment to a “frozen lake in Minnesota” but thinks the ice may be starting to crack.
By Leslie Shaver • Feb. 23, 2024 -
ribeirorocha via Getty Images
Apartment starts fall 38%
Developers completed 538,000 units during January, a 53.7% YOY jump.
By Leslie Shaver • Feb. 22, 2024 -
Pgiam via Getty Images
REIT ReportEssex sees improvements in delinquencies
Although the REIT operates in relatively low-supply markets, it only expects 1.25% in rent growth.
By Leslie Shaver • Feb. 21, 2024 -
StockByM via Getty Images
Troubled NYC tower sold for $265M
Gotham Organization and Carlyle Group recently bought the Aire, a 310-unit luxury property on the Upper West Side.
By Leslie Shaver • Feb. 20, 2024 -
franckreporter via Getty Images
REIT ReportUDR turns to defense
In addition to focusing on occupancy, the REIT is using AI to combat fraud.
By Leslie Shaver • Feb. 16, 2024 -
Permission granted by UDR
UDR assumes ownership of Mill Creek lease-up development in Oakland
The REIT had provided $45.2 million in preferred equity for the 173-unit asset.
By Leslie Shaver • Feb. 15, 2024 -
rabbit75_ist/iStock/Getty Images Plus via Getty Images
REIT ReportCamden expects a ‘transition year’ for supply, with the highest concessions in Nashville and Austin
Overall, the firm predicts property revenues to fall between 0.5% to 2.5%, with Southern California leading the way.
By Leslie Shaver • Feb. 14, 2024 -
f11photo via Getty Images
Lender forecloses on Greystar tower in Dallas
Areeif Lender W LLC, an affiliate of Ares Commercial Real Estate, has taken control of The Gabriella.
By Leslie Shaver • Feb. 13, 2024 -
Permission granted by Universe Holdings
DEALS + STARTSUniverse Holdings enters Tampa with $66M purchase
The Los Angeles-based firm bought Pearce at Pavilion in a transaction where it assumed the Fannie Mae loan.
By Leslie Shaver • Feb. 9, 2024 -
Permission granted by National Multifamily Housing Council
4 takeaways from the NMHC conference
The association’s packed event in San Diego last week featured lots of commentary about housing supply.
By Leslie Shaver • Feb. 6, 2024 -
Sundry Photography via Getty Images
MSCI: Apartment sales drop 61%
Pricing fell 8.4% in 2023, and cap rates rose for garden and mid- and high-rise properties.
By Leslie Shaver • Feb. 5, 2024 -
Permission granted by Standard Real Estate Investments
DEALS + STARTSStandard secures off-market deal in Chicago suburbs
The company bought the 416-unit workforce asset in Naperville from Pensam Capital.
By Leslie Shaver • Feb. 2, 2024 -
Permission granted by Greystar
Greystar to take over Wood’s management operations
The largest apartment operator in the country will manage all current and future projects from the Atlanta-based developer.
By Leslie Shaver • Feb. 2, 2024 -
Permission granted by JPI
DEALS + STARTS
JPI partners with Kroger for a project in Lewisville, Texas
In another deal, the developer will build a workforce project in Ft. Worth.
By Leslie Shaver • Jan. 31, 2024 -
webking via Getty Images
Fitch: Multifamily CMBS delinquencies to double in 2024
Heightened levels of new supply, slowing revenue growth and higher expenses will challenge apartments.
By Leslie Shaver • Jan. 29, 2024
Previous
