Multifamily property prices still falling, but more slowly
CoStar reported that its value-weighted index of multifamily property prices fell 0.4 percent month-over-month in December 2023, the fourth decline in a row. This index was down 10.7 percent year-over-year.
The value-weighted index of non-multifamily...
Fed raises rate forecast for 2025
Federal Open Market Committee (FOMC) met this week and decided to keep the Fed Funds rate unchanged. However, the Federal Reserve’s updated forecasts for key economic metrics projected that interest rates after 2024 will...
Builder sentiment unchanged in April
Builder sentiment was flat in April as mortgage rates remained close to 7% over the past month and the latest inflation data failed to show improvement during the first quarter of 2024.
Builder confidence in...
YieldPro interviews Trepp Research Director Stephen Buschbom
On April 4, YieldPro editors asked Trepp, Inc. Research Director Stephen Buschbom to share his company's latest analysis of the multifamily sector. Trepp is a data and analytics provider for structured finance,...
A history of Faith
He decided to continue his education, since jobs were scarce, looking at either business school or law school, and ended up going to Harvard Business School to pursue his MBA.
After graduating in 1986, Faith...
Starwood Impact Investors Closes Investment in Obsidian Capital Partners
Starwood Impact Investors, a return-driven investment platform managed by Starwood Capital Group that is dedicated to investing in commercial real estate opportunities controlled by underrepresented partners, announced it has completed its inaugural investment in...
Game changer
With Greystar Real Estate Partners' acquisition of Riverstone Residential in June, the nation's two largest privately owned apartment management companies are now one mega-firm with almost double the number of managed units than that...
MSCI: Multifamily property price decline continues
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 1.0 percent from their level of the month before in February. This is much faster than last...
Rent growth again positive in March
The latest rent report from Apartment List shows that the national median monthly rent growth in March was +0.6 percent, the second consecutive gain after several months of declines. Year-over-year rent growth was -0.8...
Insurance costs lead the rise in multifamily expenses
Insurance costs are leading the rise in multifamily expenses, which abated somewhat in the second half of 2023, but still remain high, while increases in property insurance premiums accelerated throughout the year,...
Blackstone Taking Apartment Income REIT Private for $10B
Blackstone and Apartment Income REIT Corp. (AIR Communities) said that Blackstone Real Estate Partners X will acquire all outstanding common shares of AIR Communities. The all-cash transaction is valued at approximately $10 billion, including...
Multifamily distress logs largest increase in 18 months
The multifamily distress anticipated last year is finally starting to materialize. Although multifamily loan defaults remain relatively low, the multifamily distress rate rose as lenders push maturities forward, wrote Yardi Matrix in...
Multifamily fundamentals are strong in 2024, despite uncertainties
The 2024 apartment market forecasts are in and despite twists, turns and uncertainties, multifamily fundamentals are strong.
In December, the Apartment List Research Team released its Seven Predictions for the 2024 Rental...
Multifamily completions hit 50 year high
The Census Bureau’s new residential construction report for February showed multifamily construction unit completions continuing their recent surge. In addition, both multifamily permits and multifamily starts rose from the low levels they reached last...
1.1 million apartments occupied since 2020
National apartment occupancy hit a 10-year low at the end of 2023, while demand reached its highest point since Q2 2022 and continues to be strong. The number of occupied apartments in...
