Yvette Davis, CPM Appointed as President of REEP Residential
REEP Residential, a leading real estate management company, owned by founders Jacob and Arleen Garza, proudly announces the appointment of Yvette Davis, CPM, as its new President.
Yvette Davis, a Certified Property Manager (CPM), has...
Lynd Expands Third-Party Multifamily Management Services, Taps Josué Garza as President
Lynd, a seasoned real estate company with over 40 years of expertise in property management, construction services, acquisitions and development investments, announced the expansion of its third-party multifamily management services business for institutional and...
Robert Golden Named Chief Executive Officer of Boston Financial
Boston Financial, one of the largest and most established syndicators of U.S. Low-Income Housing Tax Credits (“LIHTC”), announced that Robert “Rob” Golden has been named Chief Executive Officer (CEO) of the firm, effective May...
WNC & Associates Closes $302M Affordable Housing Fund
WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry, has closed WNC Institutional Tax Credit Fund 56, L.P. (Fund 56) which includes 24 multifamily...
Flournoy Development Group Unveils Dynamic New Brand Identity for Premier Multifamily Developments: Ellison by...
Flournoy Development Group (FDG) is proud to announce the launch of Ellison by Flournoy Development, a new premier multifamily brand dedicated to unparalleled quality, service, and innovation.
Ellison represents the culmination of FDG's unwavering dedication...
Yardi Matrix special report reveals a tale of two markets
Yardi Matrix released an update to its most recent multifamily rent forecast. The special report reveals that when it comes to rent growth and supply, the multifamily sector is a tale of...
Positive rent growth reported in April
Yardi Matrix reported that national average apartment rent was up $6 in April compared to the revised level of the month before at $1,725 per month. The national average year-over-year apartment asking rent growth...
HUD provides guidance on use of AI in acquiring residents
In October 2023, President Biden issued an executive order on the safe development and use of artificial intelligence (AI). It directed the HUD secretary to issue guidance on the use of AI in resident...
Multifamily CMBS delinquency rate falls despite overall delinquency rise
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans fell in April, declining 51 basis points.
Overall CBMS delinquency rate higher
For delinquencies, Trepp focuses on loans that are 30 or more days...
Employment growth slows in April
The Employment Situation Report from the Bureau of Labor Statistics stated that April employment levels in 3 of the 4 multifamily-related job categories we track rose from the preliminary levels reported last month despite...
Unprecedented supply dampens favorable demand trends, says RealPage
Unprecedented apartment supply is dampening favorable demand trends, according to RealPage Analytics. Many owners report lease-up demand does not feel strong at the property level, despite positive demand.
Year-over-year national apartment demand tripled...
Multifamily construction spending trends lower
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in March was down 0.61 percent from the revised level of the month before. Spending on...
Construction jobs market cools in March
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in March was 8.49 million. This was reported to be down 325,000...
Renter households on the rise
The Census Bureau released its quarterly report on home ownership and occupancy for Q1 2024. It stated that the rental housing vacancy rate was 6.6 percent, unchanged from its level in the last two...
Multifamily property prices down again in March
CoStar reported that its value-weighted index of multifamily property prices fell 1.0 percent month-over-month in March, the seventh decline in a row. This index was down 11.0 percent year-over-year.
The value-weighted index of non-multifamily commercial...
