Items Tagged with 'multifamily housing'

ARTICLES

  • TCI, Southern Properties Capital, Macquarie partnering to build significant multifamily portfolio

    Joint venture already has 10,000 units, with plans for much more
    Southern Properties Capital, a subsidiary of real estate investment company Transcontinental Realty Investors that operates primarily in Texas and specializes in Class A multifamily, is forming a joint venture with a subsidiary of Macquarie Group, the global finance giant. According to the companies, the joint venture will focus on creating a “business platform that will allow dramatic expansion in the multifamily arena.”
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  • Minneapolis is about to abolish single-family residential zoning

    Minneapolis 2040 would allow multifamily housing in single-family neighborhoods
    In a move that strikes a blow against decades of racial inequality and could prove to a boon to multifamily developers, the city of Minneapolis is on the verge of ending single-family residential zoning. Under the plan, duplexes and triplexes would be allowed in neighborhoods that only previously allowed single-family housing.
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  • CBRE: Here’s where multifamily investors should be putting their money in 2019

    Why workforce housing will outperform the rest of the market
    While most of the market attention tends to be focused on Class A multifamily buildings, new research from CBRE suggests that there is another class of multifamily housing that represents a much larger opportunity for investors – workforce housing. And going into 2019, market conditions are positioning workforce housing for continued return on investment.
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  • Europe’s Round Hill Capital partnering with Cortland to invest in U.S. multifamily housing

    First acquisition made in suburban Atlanta
    In what’s becoming far more commonplace these days, another international investor is planning to buy into the U.S. multifamily market. Round Hill Capital, a Europe-based real estate investment, development and asset management firm, is partnering with Cortland to invest in the U.S. multifamily market.
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  • Apartments are getting smaller but costing more. What gives?

    Average apartment size has fallen by 5% in 10 years, while prices have risen
    Depending on which report you believe, rents are either slightly falling or just hit another all-time high. Regardless of whether rent is still going up nationwide, one thing is certain: Rents have gone up significantly over the last 10 years. Given that increase, one might think that renters are getting more for their money in the form of larger apartments, right? Wrong.
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  • MAA must pay $8.7 million to fix Post apartments that are not accessible to persons with disabilities

    DOJ sued Post Properties in 2010 over 50 apartment complexes
    The Department of Justice announced last week that it reached an $11.3 million settlement with MAA, which owns more than 101,000 apartment units in 17 states, over properties MAA acquired when it merged with Post Properties in 2016. According to the DOJ, Post allegedly built 50 apartment complexes across the country that were not properly accessible to persons with disabilities.
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  • NAHB: Multifamily developers weighed down by affordability challenges

    Multifamily Vacancy Index reaches 8-year high
    Multifamily developers’ confidence showed signs of weakness in the third quarter of 2018, attributed to mounting affordability and inventory concerns. One expert said Q3's MPI is another signal to policymakers that they should be paying more attention to housing market conditions as interest rates increase.
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  • Vacasa wants to help landlords turn empty apartments into short-term rentals

    Vacation rental management platform expands into multifamily
    Vacasa, which bills itself as the “largest vacation rental company” in North America and recently raised $64 million, now has its sights set on the multifamily industry. Vacasa announced Wednesday that it is expanding into the multifamily business by launching Vacasa Multifamily, a new initiative wherein the company will seek to partner with landlords in urban city centers to turn empty apartments into short-term rentals.
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  • Top multifamily operators band together, plan massive investment in real estate tech

    Launch venture capital fund with $108 million in the bank
    Five major multifamily real estate investment trusts, Aimco, Boardwalk, Essex Property Trust, MAA, and UDR, are partnering with private owners Starwood Capital Group, Cortland, and GID to invest more than $100 million in a venture capital fund, which will be used to invest in “disruptive real estate technology companies” in the multifamily industry.
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