Hold Everything
The keenly watched deal is the second largest real estate buyout in history, eclipsed only by the $39 billion acquisition of EOP by The Blackstone Group. The deal was struck in late May, before...
The work in hand
The rapid advance of cyber technology is rendering what was new yesterday old hat tomorrow. Internet listing services that were cutting edge a decade ago are considered outdated as potential renters go directly to...
The great migration
The future of the apartment industry looks bright. Demand for rental homes is strong, rent growth has returned to pre-pandemic levels and renters who fled major cities in 2020 are showing renewed interest in...
Fighting the CDC eviction ban
In the midst of the COVID pandemic, the Centers for Disease Control (CDC) took the unprecedented step of banning evictions nation-wide, characterizing the action as a public health measure.
The action spawned lawsuits across the...
The big deal
The price excludes transaction costs but includes the assumption of more than $8 billion of debt and $60.75 per share in cash to shareholders, which represents a 22.7 percent premium to the closing price...
Freddie and Fannie, how low can you go?
"The Congress really took a hard look at our industry's lobbying efforts to create a more balanced housing policy," Camden Property Trust CEO Ric Campo told analysts during the apartment REIT's Q2 earnings call,...
Easing the squeeze
The American dream of homeownership has become inaccessible for many, thanks to historically high home prices that are keeping prospective buyers in the rental market.
But increased demand for rental housing—along with dwindling supply—continues to...
Short terminal velocity
Marcie Williams is the president of Rivergate KW Residential and oversees a Class A management portfolio stretching from New York to Miami. At all of her communities, resident leases include a policy prohibiting subletting....
The incredible disappearing tradesmen
Construction costs rose eight percent from 2011 to 2013, with another four percent boost expected by 2015. While commodity prices have gone up, the cost increases having the most affect on multifamily are largely...
Big efficiency, little cost
In 1996, the Department of Defense (DoD) created a program to move the ownership and management of housing for service personnel to private companies as part of a Public-Private Venture (PPV) program. The idea...
HUD proposes new disparate impact regulations
The United States Department of Housing and Urban Development (HUD) released a sweeping proposed rule on August 1 seeking to amend HUD’s interpretation of the Fair Housing Act’s disparate impact standard.
According to HUD, the...
Suburban rise
Desperate landlords now offer as much as three months free rent to potential renters at new, Manhattan apartment towers.
“There is a considerable amount of pain—20 to 25 percent declines in effective rents,” according to...
New HUD secretary is a multihousing guy
Since 2004, Commissioner Donovan has headed New York's Department of Housing Preservation and Development. During the Clinton Administration he served as Under Secretary of HUD for Multifamily Housing and also served as the Acting...
The art of the simplified portfolio
Would you rather have more of something worth less or less of something worth more? Execs at Denver, Colo.-based apartment REIT Aimco pondered that question as the collapse of the housing market and the...
Survive to 2025
High interest rates will still burden apartment investors struggling to make deals in 2024. Others will struggle simply to hold onto their properties.
Going into 2024, thousands of apartment investors are in serious trouble. Many...
