Wednesday, December 18, 2024

M&A

Westmont Commons, a 252-unit apartment complex in Asheville, North Carolina, traded hands for nearly $50 million

Apartment deals offering risk premiums again

In 2021 and 2022 it didn’t matter what vintage you bought as there was no cap rate premium. As the first quarter of 2024 was wrapping up, TruAmerica Multifamily closed its first acquisition of the...
Interest rates slow apartment development

INFOGRAPHIC: Interest rates slow apartment development

Rising interest rates, tighter lending and flattening rents in parts of the country have left property companies from California to Florida waiting for financing that may not come soon. +500 days (up 45% from 2019)...
Why Johnny can’t build

Why Johnny can’t build

We were once a nation of builders—from the toll roads and canals of the early nineteenth century and the railroads of the second half of that busy century, to the construction of power, energy,...
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