The rise and sell of BRE
And, if stock prices are an indication of which REITs investors wager are ripe for M&A, Home Properties and Post Properties both are on the radar as potential targets.
Exactly 12 months after the Archstone...
The big deal
The CEOs of Memphis-based Mid-America Apartment Communities, Inc. (MAA) and Birmingham-based Colonial Properties Trust, respectively, believed their companies combined would be better than two standalone entities.
So, on Oct. 1, after 20 years as friendly...
Pillars: building community
The Galaxy Apartments, which was completed at the end of March 2012, is a key player in the revitalization of a derelict city block in an overlooked area in South Silver Spring, Md.
The 241-unit...
Transit-oriented development (TOD) takes the stage
And a number of finalists in 22nd annual National Association of Home Builders (NAHB) Multifamily Pillars of the Industry competition have responded to the end of the romance with the automobile by building communities...
Making hay while the sun shines
"The economy appears to be on a path of sustainable growth. U.S. businesses have healthy balance sheets and plenty of liquidity-consumer debt has declined to levels not seen since the early 90s," said AvalonBay...
Adapt and reuse
Adaptive reuse has gained favor as Americans continue to migrate from the suburbs to redeveloped city downtowns and close-in townships along mass transit lines that offer easy access to work centers.
And, in an age...
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...
