Manulife Investment Management and TruAmerica Launch $1B Affordable Housing Joint Venture with Initial Acquisition...
Manulife Investment Management (Manulife IM), a company of Manulife Wealth & Asset Management, and TruAmerica Multifamily, a national, vertically integrated multifamily investment firm, announced the formation of a $1 billion Affordable Housing joint venture.
With...
Multifamily CMBS special servicing rate higher in August despite overall drop
Trepp reported that the special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans rose in August, although it remains below its level of last December. However, the overall CMBS special servicing rate on...
Commercial mortgage delinquency rates continue higher
The Mortgage Bankers Association (MBA) reported that delinquency rates rose in Q2 for commercial and multifamily mortgages issued by 4 of the 5 classes of lenders they track.
Distress definitions differ
The MBA report is issued...
JLL Arranges $1.1B Multifamily Portfolio Venture Across Six States
JLL Capital Markets announced that it has arranged a $1.1 billion, 15-property, national multifamily portfolio venture located in six states.
JLL worked on behalf of the owner, Sunroad Enterprises, to capitalize the portfolio with Fairfield,...
The Milestone Group Closes $1.1B Milestone Real Estate Investors Fund VI, LP
The Milestone Group ("Milestone"), a leading private equity real estate investment firm, announces the final close of its sixth discretionary equity vehicle, Milestone Real Estate Investors VI, LP ("Fund VI"), at its hard cap...
Rental concessions rise in August
Rental concessions rise again in August while Texas markets dominate discounts.
As new apartment supply continues in select markets, but is expected to peak later this year, rental concessions have become a crucial...
The shifting landscape of rental housing: Single-family rentals vs. multifamily
For decades, when we thought of "rental housing," our minds went straight to apartment complexes. Towering buildings with dozens or even hundreds of units, managed by large corporations. But a quiet revolution has been...
Construction materials prices rise as steel rolls higher
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.3 percent month-over-month in August on a seasonally adjusted basis. The intermediate demand index of...
Biennial online renter study shows evolving renter behavior
The multifamily housing industry is witnessing a fundamental shift in how prospective renters discover, evaluate, and choose their living spaces. The 2025 Biennial Online Renter Study by SatisFacts reveals a marketplace where traditional marketing...
Smaller metros increase share of multifamily permits in Q2
The National Association of Home Builders (NAHB) recently released its Home Builders Geography Index (HBGI) report for Q2 2025. It does not look at absolute numbers of permits issued but rather looks at what...
Morgan Properties to Acquire Dream Residential REIT for $354M in All-Cash Transaction
Dream Residential Real Estate Investment Trust announced that it has entered into an agreement under which Morgan Properties will acquire the REIT in an all-cash transaction valued at approximately US$354 million.
Under the terms of...
Weak overall employment growth reported for August
The Employment Situation Report from the Bureau of Labor Statistics (BLS) stated overall employment growth slowed in August. The employment levels for the 4 multifamily-related jobs categories that we track were all lower than...
Pennrose Announces Maria Rodriguez as Vice President & Legal Counsel
Pennrose, a national leader in the development and management of high-quality mixed-income and mixed-use housing, has announced the appointment of Maria Rodriguez as vice president and legal counsel.
In this role, Maria Rodriguez will be...
Waterton Names Industry Veteran John Gray as New Managing Partner, Chief Investment Officer
Waterton, a national real estate investor and operator, announced that after more than 40 years in real estate investment and 12 years of distinguished Waterton service, Rick Hurd will retire from his role as...
Kidder Mathews Welcomes Investments Specialist David Cutler in Silicon Valley
Kidder Mathews is pleased to welcome David Cutler as a Senior Vice President in Silicon Valley.
Over the course of his career, Cutler has completed more than 200 transactions totaling $1.4 billion in sales volume....
