Multifamily construction spending continues to fall
The Census Bureau’s report on construction spending said that the value of multifamily residential construction put in place in September was down 0.10 percent from the revised level of the month before. Spending on...
JLL’s Value and Risk Advisory Platform Appoints Corey Gustafson as Executive Managing Director
JLL’s Value and Risk Advisory platform announced that it has hired Corey Gustafson, MAI, CRE, as an Executive Managing Director – Head of Core Four, overseeing the national property sectors of office, retail, industrial...
BH Properties Appoints CRE Veteran Mark Workman to Managing Director, Investment and Asset Management
BH Properties, a vertically integrated, value-add real estate investment company, has appointed commercial real estate veteran Mark Workman to the position of Managing Director, Investment and Asset Management. “As we continue to identify key acquisition...
Locust Cove Management Welcomes New Clients with Expansion of Affordable Housing Property Management Services
Locust Cove Management (LCM), a full-service property management firm specializing in affordable housing property management services, is excited to announce its expansion into managing housing portfolios for third-party clients. Having historically managed the portfolio...
Western Wealth Capital Announces New Investor Partner, Recapitalization of Diverse Portfolio of 11 Multifamily...
Western Wealth Capital (“WWC”), a real estate investment company, announced a new partnership with StepStone Group Real Estate LP (“SRE”), a subsidiary of StepStone Group Inc., a global private markets investment firm, initiated by...
Employment growth disappoints in October
The Employment Situation Report from the Bureau of Labor Statistics stated that overall employment growth collapsed in October. In addition, last month’s employment level was revised lower in this month’s report, so total employment...
Redfin survey suggests a majority of Americans favor rent control
A recent survey commissioned by Redfin exposes a stark misconception among Americans about rent control. Although economists are in almost total agreement that rent control drives up rent rates over time and...
CoStar: multifamily property prices rise in September
CoStar reported that its value-weighted index of multifamily property prices rose 1.3 percent month-over-month in September, reversing last month’s reported decline. This index was down 7.9 percent year-over-year. Note that CoStar's report indicates that prices...
Venterra Realty Appoints Julie Tatom as Senior Vice President of Property Operations
Venterra Realty recently announced the appointment of Julie Tatom as Senior Vice President of Property Operations. Julie Tatom brings over 30 years of experience in the Multi-Family industry, most recently as Senior Vice President of...
Number of renter households continues rapid growth in Q3
The Census Bureau’s quarterly report on home ownership and occupancy for Q3 2024 stated that the rental housing vacancy rate was 6.9 percent. This was up 0.3 percentage points since last quarter’s report despite...
Job openings down sharply in September
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in September was 7.44 million. This was reported to be down 418,000...
Revyse Announces Investment from RET Ventures and Reaches $2M in Venture Funding
Revyse, a pioneering vendor management software built for the multifamily industry, announced the closing of a $1-million seed investment from leading real estate technology venture capital firm RET Ventures. This latest capital raise comes...
MSCI: Multifamily property prices fall in September
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 0.4 percent in September from their level of the month before. In addition, last month’s reported increase...
PGIM Real Estate and Citymark Partner to Acquire Senior Multifamily Loans
PGIM Real Estate and Citymark Capital have formed a joint venture partnership to deploy $500 million in dedicated capital to acquire senior loans or other structured positions backed by multifamily assets. The focus will be...
Student housing sector ends stellar 2024 leasing season
The student housing sector ended a stellar 2024 leasing season, according to the October national student housing report from Yardi Matrix. Preleasing and rent growth both were close to last year’s historic...
