Good-bye Archstone, hello mega-REITs
Underperformance of apartment REIT shares was a major impetus behind the defunct investment bank's decision to sell Archstone in a private sale to competitors Equity Residential (EQR) and AvalonBay (AVB) rather than in a...
After the deluge
Residents of UDR, Inc.'s Rivergate, 95 Wall and 10 Hanover Square were not among the uninformed.
The 40-year-old apartment REIT, which entered New York City with the purchase of the 493-unit 10 Hanover Square in...
Pillars 2012: and the winners are…
The vast majority of those recognized for excellence in multifamily development in the contest many consider the Oscars of the apartment industry are located in markets that are among the top 25 metro areas...
Landlords rule
"We are riding a monster wave that has a long way to go before getting to shore," said Camden Property Trust CEO Ric Campo in his introduction to the apartment REIT's Q1 2012 conference...
The American Dream loses its luster
In fact, the percentage of departing renters opting for homeownership also reached some historic lows in Q4 2011 and multifamily REITS like Camden Property Trust are reaping the rewards.
"We continue to benefit from incredibly...
Cheaper by the dozen
In mid-January, the apartment REIT announced the exercise of an option to purchase the 80 percent interest not currently owned by Camden in 12 related joint ventures for $99.5 million.
Camden originally owned 100 percent...
Shores: A love story
The love story began in 1955, when Epstein was first approached by then Los Angeles County Supervisor Burton Chase to assist in the planning for the creation of Marina del Rey, soon to become...
And the winners are…
The 466-unit first phase of Columbia Parc at the Bayou District in New Orleans, La., winner of both the Community of the Year and Best Affordable Community awards, was honored by a visit from...
The envelope, please…
"These finalists not only survived the bad times, but also produced fine work and should be commended," said Charles R. Brindell, Jr., chair of NAHB's Multifamily Leadership Board, CEO of Mill Creek Residential Trust...
Ready for launch
"We think it's a great time to grow these enterprises," said UDR CEO Tom Toomey of the expansion in the apartment industry. "You can't sit there and look at the wall of demand that...
Getting the green light
In January, NAHB Chief Economist David Crowe told attendees at NAHB Builder's show in Orlando, Fla., that he expects 2011's selling season for single-family homes to beat out 2010, with job growth providing an...
Builder be nimble
Apartment REITs, despite their ability to finance development projects on their own balance sheet, were not the first out of the gate.
Instead, it was privately held real estate company Wood Partners, which has a...
In it to win it
Honoring the historic nature of their surroundings while giving them facelifts, from mixed-use to student housing, the vast majority of those recognized for excellence in multifamily development sought to increase connectivity between urban neighborhoods,...
Oasis in a dry economy
"Increased renter demand from the baby boom echo, falling home-ownership rate and historically low new supply almost offset the worst drop in employment in over 60 years," said Camden Property Trust CEO Ric Campo,...
