CBRE reports cap rates continue downward movement in Q1
A new report from CBRE states that cap rates for core multifamily assets moved lower in Q1, continuing a trend that began in Q1 2024. Both buyer and seller sentiment improved, according to the...
Redfin talks rents
Redfin’s rent report for March says that the national median asking apartment rent growth was 0.4 percent for the month, with rents reaching a level of $1,610. However, the median rent was down 0.6...
Lumber prices lead construction materials prices higher in March
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices jumped 0.7 percent month-over-month in March on a seasonally adjusted basis. The index of components and...
Morgan Properties Surpasses 100K Units with $501M Midwest Multifamily Acquisition
Morgan Properties, the nation’s largest private owner of multifamily communities, has acquired a portfolio of 3,054 units across 11 assets in eight Midwest states from Trilogy Real Estate Group. This acquisition, valued at $501...
Rent growth continues positive in March
Yardi Matrix reported that the national average asking apartment rent was up $5 in March compared to the revised level of the month before at $1,755 per month. The national average year-over-year asking apartment rent...
Sheridan Capital Partners and Muchmore Capital (MMC) Have Formed a Partnership called Sheridan MMC...
Sheridan Capital is excited to announce its strategic partnership with Muchmore Capital (MMC) resulting in the formation of Sheridan MMC. Sheridan MMC will specialize in providing comprehensive financing solutions for multifamily, seniors and the...
BWE Secures $308M to Refinance Two Trophy Senior Living Communities in Los Angeles and...
BWE, a national commercial and multifamily mortgage banking company, announced that it has successfully arranged $308 million to refinance two trophy senior living communities. Dubbed Project New Horizons, the refinancing was secured for The...
Job openings trend lower in February
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in February was 7.57 million. Job openings in construction were up for...
Strong employment growth overall but construction trades suffer
The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated that the economy experienced strong overall employment growth in March. However, the employment levels for only 2 of the 4 multifamily-related job...
Multifamily construction spending continues to fall in February
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in February was down 0.03 percent from the revised level of the month before. Spending on...
Investors see a transitional year for multifamily
Investors responding to Berkadia’s 2025 Investor Sentiment Survey, released in March, see a transitional year for multifamily characterized by uncertainty, with positive signals possible as the year progresses. This outlook is supported...
JLL recognized as WELL services global leader in advancing health and well-being in built...
JLL (NYSE: JLL) has been honored by the International WELL Building Institute (IWBI), the WELL services global authority for advancing healthy buildings, organizations and communities, with three prestigious awards in 2024. This year's accolades...
CMBS delinquency rate rises on jump in multifamily delinquencies
Trepp reported that the delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans surged higher in March, more than reversing last month’s decline. The overall CMBS delinquency rate also rose, gaining 35 basis points.
Overall...
CoStar: multifamily property prices and transactions both lower
CoStar reported that its value-weighted index of multifamily property prices fell 0.6 percent month-over-month in February, the second consecutive month-over-month loss. However, this index was up 2.2 percent year-over-year.
By contrast, MSCI Real Capital Analytics...
Multifamily starts forecast steady despite lower GDP growth
Revisions to Fannie Mae’s housing forecast in March call for slightly more multifamily starts in 2025 but slightly fewer starts in 2026 than in last month’s forecast. Fannie Mae is now predicting 349,000 starts...
