Transactions: Page 6

  • Freddie Mac sign with office building in the background.
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    Permission granted by Freddie Mac
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    Fannie, Freddie dominate multifamily originations in 2023

    Total lending to apartment owners fell 53% in the first half of 2023.

    By • Oct. 6, 2023
  • The sun sets on the facade of the U.S. Treasury Department.
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    mrbfaust via Getty Images
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    10-year Treasury hits highest level since 2007

    As rates skyrocket, construction deals and transactions get even harder to pencil out.

    By • Oct. 5, 2023
  • Older, four-story brick apartment building with balconies
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    peterspiro via Getty Images
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    Want to capture outsized rent growth? Buy an older property.

    Assets built before 2010 averaged 4.6% annual growth over the past decade compared with 3.4% for those constructed in the past 13 years, a new report says.

    By • Oct. 5, 2023
  • People on a street with brown and tan homes on either side.
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    Permission granted by Sunstone Two Tree
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    DEALS + STARTS

    Sunstone Two Tree gets approval for 3 projects in Phoenix

    The developer recently closed on the land for a 320-unit project.

    By • Oct. 5, 2023
  • Aerial view of skyscrapers in downtown Houston against cloudy sky
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    simonkr via Getty Images
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    2 more Houston properties in financial trouble

    As debt costs soar and other expenses rise, more owners in the city could be challenged.

    By • Oct. 3, 2023
  • an apartment complex
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    Jason Finn via Getty Images
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    Tracker

    Problem loans: Tracking the biggest multifamily delinquencies

    Recent distressed transactions occurred in San Francisco, Washington, D.C., and Atlanta.

    By • Updated June 13, 2024
  • Blocks spell M and A
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    Nastassia Samal via Getty Images
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    Sumitomo Forestry to buy JPI’s operating platform

    JPI CEO Payton Mayes and Chief Financial and Investment Officer Mollie Fadule will operate the company within the Japanese conglomerate.

    By • Oct. 2, 2023
  • Close-up of the exchange of keys between two hands.
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    Hispanolistic via Getty Images
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    MSCI: Apartment sales volume drops 74% YOY

    Prices fell 14.9% from last year, but the declines have begun slowing.

    By • Sept. 29, 2023
  • Skyline of New York City with the Bronx neighborhood
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    MKshots via Getty Images
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    New York City owner has 25 properties in the Bronx sent to special servicing

    Emerald Equities cited non paying tenants and inflated expenses as the source of its problems in the workforce portfolio.

    By • Sept. 27, 2023
  • Brick and silver, four-story apartment building
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    Permission granted by CP Capital
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    DEALS + STARTS

    CP Capital’s suburban strategy pays off in Chicago

    Tax issues slowed the sale of The Monarch, but the firm was still satisfied with the outcome.

    By • Sept. 25, 2023
  • the exterior of the federal reserve building in washington, dc
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    crbellette via Getty Images
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    Apartment execs react to another interest rate pause

    The multifamily market seeks stability, but another increase looms on the horizon.

    By • Sept. 25, 2023
  • Exterior view of multifamily residential building under construction.
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    Sundry Photography via Getty Images
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    Starts plummet 41%

    Permits for five-plus-unit buildings also dropped last month, while completions picked up as developers finished off existing projects.

    By • Sept. 21, 2023
  • Aerial panoramic cityscape view of San Francisco skyline with high rises and water to the right.
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    heyengel via Getty Images
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    San Francisco apartments face financial challenges

    One-third of the apartment properties on Trepp’s delinquency watchlist are in the city.

    By • Sept. 20, 2023
  • City skyline with high rises.
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    f11photo via Getty Images
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    DEALS + STARTS

    UDR buys 6 properties in Texas for $402M

    The deal shows how companies with centralized platforms can squeeze extra efficiencies out of new acquisitions.

    By • Sept. 18, 2023
  • A block of apartment complexes
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    Arturo Rosenow via Getty Images
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    Returns for apartments continue to fall

    A report from NCREIF ranks the areas of the country with the most and least returns for multifamily investors.

    By • Sept. 18, 2023
  • Modern, detached white and grey homes with a street in the foreground.
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    Permission granted by Embrey Partners
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    Q&A

    Texas developer leverages construction pipeline to beef up its management platform

    Embrey Partners is also building out its third-party platform and weighing the role of centralization.

    By • Sept. 15, 2023
  • Grey, three-atory apartments with aluminum siding
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    Permission granted by Plenty of Places Apartment Homes
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    DEALS + STARTS

    Why this California investor is shifting to newer apartment properties

    Plenty of Places Apartment Homes sees value-add returns shrinking and an opportunity to cater to residents' needs.

    By • Sept. 13, 2023
  • Modern, four-story apartment building with trees in the foreground.
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    Permission granted by RangeWater
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    RangeWater hits 100,000 units

    A senior executive with the Atlanta-based firm explains what drove its growth.

    By • Sept. 13, 2023
  • Three wooden blocks of varying heights with the percentage stamped on the end of each one.
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    Andrii Yalanskyi via Getty Images
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    Q&A

    How a private investor adjusted its strategy in search of mid-teens returns

    Kingbird’s new president is looking at equity and mezz opportunities in this shifting market.

    By • Sept. 12, 2023
  • Three-story tan and dark modern apartment with wraparound balconies on the corners.
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    Permission granted by Griffis at Riata
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    DEALS + STARTS

    Draper and Kramer moves into Austin

    The Chicago-based owner assumed the loan on the 307-unit Griffis at Riata.

    By • Sept. 7, 2023
  • Freddie Mac's headquarters' signage
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    Chip Somodevilla via Getty Images
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    Freddie Mac Multifamily names new Targeted Affordable Housing exec

    Peter Lillestolen will oversee low-income housing tax credit equity and structured transactions for both conventional and TAH.

    By • Sept. 6, 2023
  • Tan, four-story apartment with street in the foreground.
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    Permission granted by The Davis Cos.
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    Q&A

    Boston-based owner looks to triple its portfolio within the next few years

    The Davis Cos. plucked Mai Zhang from JBG Smith Properties to shepherd its apartment growth plans.

    By • Sept. 5, 2023
  • Modern three-story apartment building with balconies and a pool between buildings.
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    Permission granted by Bell Partners
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    DEALS + STARTS

    Bell adds properties in Texas, Florida and North Carolina

    The apartment owner plans to upgrade the properties as it continues to secure financing despite a volatile lending environment.

    By • Sept. 5, 2023
  • American flags in front of marble building
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    lucky-photographer via Getty Images
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    REITs report decelerating rent growth

    REITs show strength on the East Coast, but see less growth in the Sun Belt.

    By • Aug. 31, 2023
  • House model with agent and customer discussing for contract to buy.
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    Perawit Boonchu via Getty Images
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    Sales volume drops 76% YOY to $6B as cap rates hit 5%

    Transaction totals in July were also 53% below the $12.7 billion average during the five years before the pandemic, according to MSCI.

    By • Aug. 29, 2023