MultifamilyExecutive: Most Popular Stories

Bounce Back: Multifamily Firms Emerge From Recession

Thu, 19 Aug 2010 05:54:07 EST

An Arizona court of equity has cleared the way for a 3,000-unit, seven-property apartment portfolio previously operated by the Bethany Group to be sold out of receivership, says Bill Hoffman, president and founder of San Diego, Calif.-based Trigild, the corporation that was appointed receiver of the properties last September.

Four Creative Ways to Increase the Bottom Line

Thu, 19 Aug 2010 03:47:33 EST

Some multifamily firms have been able to creatively wrestle new dollars, while cutting expenses, by uncovering latent opportunities throughout the downturn.

Groundbreaking Ideas: Multifamily Returns to Development

Thu, 25 Mar 2010 05:12:00 EST

Citing low labor and material costs, recovering fundamentals, and a dire lack of competitive market supply, the progressive multifamily mindset says construction starts now.

Exclusive Research: Finance Execs Expect More Distressed Opportunities in 2011

Thu, 26 Aug 2010 06:53:44 EST

Nearly 62 percent of multifamily investors and developers anticipate more distressed acquisition opportunities in 2011, according to an exclusive survey of nearly 200 senior-level multifamily finance professionals.

HUD Secretary Addresses Green Homes & Sustainable Communities Conference

Thu, 29 Jul 2010 04:44:12 EST

The 5th Annual Green Homes & Sustainable Communities Conference focuses on issues and innovations in affordable, green housing.

Secondary Markets Attract Yield, Rehab Buyers

Thu, 26 Aug 2010 04:57:19 EST

While large institutional buyers and REITs continue to duke it out in the core and core-plus apartment acquisition space, deal flow in Class B assets is beginning to improve as smaller buyers without either rock-bottom cost of capital or the stomach for mid-4 percent cap rates turn to cash flow and renovation opportunities.

Apartment Owners See Questionable Web Advertising Practices

Thu, 26 Aug 2010 04:29:59 EST

When Lynette M. Hegeman, vice president of marketing for Atlanta-based Gables Residential, would go on Craigslist to view her company’s advertisements, she’d browse the listings and see recognizable pictures and text. But the company to contact for those apartments wasn’t Gables. It was what appeared to be an apartment locator re-using a Gables ad.

Flournoy Nears Decision on 8,000-Unit Portfolio

Thu, 2 Sep 2010 05:24:43 EST

In a marketplace where investors are desperately seeking Class A portfolio transactions, Flournoy Development in Columbus, Ga., has 8,330 Class A apartment units (all built since 2001) on the block.

Multifamily Developers Make Moves to Round Out Their Business Models

Thu, 19 Aug 2010 04:59:55 EST

Throughout the recession, many multifamily builders diversified to survive, positioning themselves for long-term stability.

ATMs Give REITs More Dry Powder

Wed, 18 Aug 2010 03:20:15 EST

When anyone talks about the groups with the best arsenal for buying and development, REITs usually. And, one of the ways they’ve recently been able to generate the dry powder for these have been ATM’s, or at the market stock offerings.

When Special Servicers Inherit the Earth

Wed, 11 Aug 2010 01:40:54 EST

Why special servicers are ending up with CMBS assets, and what it could do to the multifamily industry.

Campus Advantage Looks to Grow as a Student Housing Provider

Wed, 11 Aug 2010 01:49:47 EST

Campus Advantage Looks to Grow as a Student Housing Provider

Distressed Assets Add Up Around the Country

Fri, 29 May 2009 10:56:41 EST

In a new report illustrating what cities have the most multifamily properties in distress, New York ($1.4 billion), South Florida ($1.1 billion), Houston ($818 million), Phoenix ($766 million), and Las Vegas ($612 million) lead the way. The three metropolitan areas account for $4.7 billion of the $11.5 billion in distressed apartments nationwide.

Despite Lingering Economic Woes, High-End Amenities Prevail

Wed, 18 Aug 2010 02:50:44 EST

If you were one of the few developers fortunate enough to get financing for a new project in 2010, you'd probably think frills such as a pet saloon, music room, or community kitchen might seem a bit excessive in an economy with 10 percent unemployment (even if things are expected to be better in a couple of years when these projects actually open). You'd be wrong.

Facebook Drives Eyeballs and Purchase Decisions

Tue, 10 Aug 2010 11:27:39 EST

New study From Nielson sheds light on renter habits in social networking environments online.

Improved Apartment Absorption Fuels Rent Growth

Thu, 12 Aug 2010 04:02:27 EST

A slew of recent market reports are beginning to shine a light on what many apartment operators are already feeling at the site level: improved fundamentals in both occupancy and effective rents. One reason why: net apartment absorption—the amount of units leased after deducting the amount of supply—jumped by more than 46,000 units in the second quarter. That’s the highest increase in a decade, according to a New York-based investment firm Barclays Capital analysis of multifamily market data from New York City-based real estate research firm REIS.

Quick & Quirky: August 20, 2010

Thu, 19 Aug 2010 05:25:16 EST

MULTIFAMILY EXECUTIVE Senior Editor Chris Wood rounds up interesting and intriguing news tidbits. This week: total condemnation, smoke and sewage, and the world’s priciest apartment.

How Low Can It Go? Interest Rates on GSE Debt Plummet

Wed, 1 Sep 2010 11:57:50 EST

Interest rates from Fannie Mae and Freddie Mac have fallen 50 basis points in August alone, reaching the mid-4 percent range on 10-year deals.

Multifamily Land Market Shows Signs of Life

Wed, 1 Sep 2010 08:02:36 EST

In another sign that their could be life in the long dormant land market, San Francisco-based BRE Properties announced Tuesday that it had acquired 2.4 acres of land in downtown Sunnyvale, Calif., for approximately $19 million. It plans to build 280 units on the site.

Brindell Launches Mill Creek Residential

Mon, 2 Aug 2010 05:48:40 EST

As venerable builder Trammell Crow Residential (TCR) hunkered down through one of the worst recessions the apartment development industry has ever seen, CEO Charlie Brindell outlined a plan last winter to revive and refocus the company, which had seen it starts dip from 27,167 multifamily units in the 2006 to 2008 timeframe to zero in 2009. It now looks like TCR's leadership has decided the best plan is to pull the Trammell Crow name out of development altogether.