Increasing apartment supply is slowing new lease-up velocity
Increasing apartment supply is slowing new lease-up velocity, said Madera Residential head of investment strategy and research Jay Parsons. Leasing velocity for newly built apartments is at its slowest pace in recent...
2024 could be the year of the distressed deal
Investors are finally starting to take advantage of distress in the multifamily sector, even though the huge wave of distress pundits predicted last year failed to materialize.
In February, multifamily distress hit its highest level...
New metrics make Midwest investment attractive
Recently, the Midwest has shown surprising growth and economic resilience, making this region an attractive candidate for multifamily development, investment and general interest.
Often considered the slowest growing region in the U.S., the Midwest has...
The incredible disappearing Starwood CRE investor
The $10 billion fund from Starwood Capital Group has been trying to preserve its available cash and credit by limiting investor redemptions. In the first quarter, the fund was hit with $1.3 billion in...
Buy multifamily – market conditions favor investment
Now is the time to buy multifamily, said Peter Standley, director of Marcus & Millichap's multifamily division, while discussing the state of industry on October 7. He discussed the impact of new...
How to assess a resident’s request for an emotional support animal
Multifamily housing providers are faced with increasing requests from residents with disabilities for emotional support animals (ESA). Requests for ESAs are generating more enforcement actions.
In 2020, the U.S. Department of Housing and Urban Development...
Apartment market fundamentals stabilized in July, reports RealPage
According to data from RealPage Analytics, apartment fundamentals stabilized in July. Rent growth and occupancy remained relatively steady during the month. National occupancy was 94.2 percent for the third straight month, which...
Investors circle overleveraged apartments
Rescue capital is available for apartment borrowers that need it, but relatively few owners of over-leveraged apartment properties are willing to pay the price—so far.
High interest rates have stranded the owners of over-leveraged apartment...
Three-bedroom units lose some luster as occupancy returns to pre-pandemic norms
The multifamily arena is finally returning to pre-pandemic norms and so are renter preferences for unit types. Three-bedroom units, which saw the greatest increases in occupancy during COVID, have settled back to...
Professionally managed apartments report lower vacancies than the broader market
Professionally managed apartments report lower vacancies than the broader market, according to data from RealPage and the U.S. Census Bureau.
Since 2010, the professionally managed segment of the multifamily industry has averaged five...
Major U.S. Supreme Court decisions coming down the track MAJOR UPDATE
June 28, 2024 Update: The Supreme Court in an unprecedented victory for multifamily and other businesses, has today reversed its 40-year-old decision in Chevron v. Natural Resource Defense Council. This law governed how courts...
Bozzuto acquires Gables property
Over the last decade and a half, it has made much more sense for Bozzuto to build rather than buy apartments. However, as it has become harder to pencil out new projects, the Greenbelt,...
Surging demand in Q2 2024 helps stabilize occupancy and rent growth
Surging demand in Q2 2024 helps stabilize occupancy and rent growth and narrow the gap between supply and demand, according to RealPage Market Analytics. RealPage market analyst Carl Whittaker thinks this is...
1.1 million apartments occupied since 2020
National apartment occupancy hit a 10-year low at the end of 2023, while demand reached its highest point since Q2 2022 and continues to be strong. The number of occupied apartments in...
California to turn unused school land into millions of housing units
In an effort to address a lack of housing that officials say has contributed to a shrinking teaching workforce, the California Department of Education is planning on converting undeveloped school lots into affordable housing.
State...
