The Latest
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MSCI: Prices have fallen over 20% in less than 2 years
Additionally, apartment sales dropped 44% year over year in May to $6.7 billion.
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2024’s top multifamily events
Multifamily Dive has you covered with a full list of the industry conferences, expos and meetings for the rest of the year.
Updated April 30, 2024 -
Tracker
Problem loans: Tracking the biggest multifamily delinquencies
Recent distressed transactions occurred in San Francisco, Washington, D.C., and Atlanta.
Updated June 13, 2024 -
$400M mixed-use building underway in Honolulu
The 477-unit condo tower, Ālia at 888 Ala Moana, features sustainable design techniques, ocean views and luxury amenities.
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Apartmentalize 2024
How centralization changes employees’ career paths
Companies like Equity Residential are placing a greater focus on competencies that can apply across roles.
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RealPage breaks silence on antitrust allegations
Amid dozens of lawsuits and a DOJ investigation, the company issued a statement to correct what it said are factual inaccuracies around its revenue management software.
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Apartment starts plummet 52%
Completions for buildings with five or more units rose only 0.8% in May as investors eyed new buildings.
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Minnesota adopts state-level fee restrictions
A dozen states have passed or are considering bills related to junk fees this year, including several in California.
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Justice Department files suit against Toll Brothers
The DOJ has alleged accessibility-related Fair Housing Act violations at multiple properties constructed by the builder.
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Apartmentalize 2024
Rent control, antitrust issues are apartment pros’ top legal, regulatory concerns
The multifamily industry is facing increased scrutiny in courts, Congress and the White House, according to panelists at the recent Apartmentalize Conference.
Updated June 25, 2024 -
DEALS + STARTS
Growing Charleston, South Carolina-based firm enters Georgia, making its largest deal to date
Matheson Capital purchased the 248-unit Residences at St. George in Savannah — its 14th acquisition as the lead sponsor.
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Merchant Building to add 174 units to downtown Columbus, Ohio
Gilbane is building the 32-story mixed-use structure, which is scheduled to open in 2026.
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Q&A
Inside a Dallas developer’s plan for 2,000 starts this year
The president of Leon Capital Group’s multifamily division sees an opportunity to deliver new apartments into rent growth.
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Cain International, OKO Group start $5B mixed-use development in California
Turner Construction will lead site management on One Beverly Hills, which includes two condo towers and an Aman Group hotel.
Updated June 24, 2024 -
DEALS + STARTS
Palladius Capital Management grabs a student property in San Antonio
CEO Nitin Chexal explains why the firm has invested $170 million along the I-35 corridor over the last 12 months.
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The most sought-after destinations for renters this spring
Select Midwest metros remain the most popular cities searched for by apartment hunters.
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Trepp: Delinquencies increase again as servicing rate rises
There was $245 million in newly delinquent multifamily loans during the month of May, according to Trepp.
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Q&A
Accessible Manhattan lobby makes stunning first impression
Retrofitting an existing entrance can add function, beauty and curb appeal, according to New York City-based architect Philip Consalvo.
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Nuveen strikes $100M deal with CalPERS
The nation’s fourth-largest owner is working to preserve housing for residents earning less than 80% of the area median income.
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Church kicks off $1B Brooklyn affordable housing project
The first phase of the Innovative Urban Village includes 376 affordable units and retail and commercial space.
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PROJECT SPOTLIGHT
Redgate’s wellness-focused waterfront apartments start pre-leasing near Boston
Gibson Point, located in Revere, Massachusetts, will offer spa services, treadmill desks and electric shuttles to the beach.
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Gilbane to develop $100M Purdue University dorm project
The four-story, 213,000-square-foot apartment complex on the college's Fort Wayne, Indiana, campus is part of a public-private partnership.
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EXECUTIVE MOVES
Scott Maddux named CEO at Sunstone Two Tree
John Maddux will become the firm's executive chairman.
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UC Berkeley cleared to continue student housing project at People’s Park
The California Supreme Court reversed a ruling that halted construction over resident noise concerns.
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Average rent rises to all-time high despite slow YOY growth
While market performance is following normal seasonal patterns, large delivery pipelines are a headwind on rents in the Sun Belt and other markets, according to Yardi.