Multifamily

News coverage of the multifamily housing market for owners, brokers, agents, investors, lenders, appraisers and other service providers. Apartment and condo coverage including market rate, luxury, affordable, student housing and senior housing.

ARTICLES

  • Hurricane Michael threatens more than 200,000 multifamily units

    Displaced families in need of a temporary home could spike short-term demand
    New data from Yardi indicates that more than 200,000 multifamily units are at risk due to Hurricane Michael. Virginia Beach, Virginia, Wilmington, North Carolina, and Tallahassee, Florida, are the cities with the most multifamily units in harm’s way, according to the report. These cities hold 36,317, 33,423 and 32,277 at-risk units, respectively.
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  • Churches are taking on the affordable housing crisis

    Houses of faith are turning unused buildings and land into affordable housing projects
    Churches are taking a position on the frontlines of the affordable housing crisis, using their land to create new affordable housing developments. According to a report from Reuters and the World Economic Forum, churches around Washington, D.C., have begun to cobble together a new source of affordable housing supply using their land to stave off the affordable housing crisis.
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  • RealPage acquisition spree continues, agrees to purchase Rentlytics

    This is RealPage's seventh acquisition since January 2017
    Real estate tech company RealPage has been on an acquistion tear of late, shelling out more than $1 billion to acquire several other companies in the real estate tech space. And now, RealPage is at it again. RealPage announced Friday that it agreed to buy software-as-a-service company Rentlytics for $57 million, its seventh acquisition since January 2017.
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  • Real estate firm FCP is ready to invest in Opportunity Zones

    An early example of the deluge of capital slated for Opportunity Zones
    The floodgates appear to be opening. FCP, a privately held real estate investment company, is ready to dole out capital for projects in or around Opportunity Zones. This is an early example of what could become an absolute landslide of capital pouring into the Opportunity Zones called for in the Tax Cuts and Jobs Act of 2017.
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  • Cushman & Wakefield grows Chicago business by hiring entire KIG multifamily team

    Seeks to bolster its Midwest investment sales operations
    Cushman & Wakefield hired Susan Tjarksen, Todd Stofflet and Jason Stevens to bolster its Midwest multifamily investment sales operations. Tjarksen, Stofflet and Stevens led KIG CRE’s multifamily institutional investment sales brokerage team and bring with them six of their team members: Laura Ballou, Jacob Albers, Daniel Falkenberg, Caleb Zielke and Brenda Cuellar.
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  • Stay Alfred raises $47 million in Series B

    The short-term rental company has now raised a total of $62 million in funding
    Stay Alfred, a short-term rental company that operates out of multifamily properties, just raised $47 million in its Series B funding round. Chicago-based real estate tech fund, Nine Four Ventures, led the round.
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  • D Magazine: Dallas needs to step up its affordable housing game

    One of the nation's multifamily leaders is lagging in affordable housing, and the city is seeking change
    One of the nation’s multifamily leaders desperately needs to step up its affordable housing production. According to a recent study from RentCafé, Dallas-Fort Worth delivered exclusively luxury units in the first half of 2018 and according to a report from D Magazine, the city is well behind its goal of adding 20,000 affordable housing units.
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  • Denver turns to "granny flats" to stave off affordability woes

    An urban regeneration coalition in Denver is receiving backing from Fannie Mae to install ADUs in low-income neighborhoods
    Auxiliary dwelling units could be the answer to helping low-income households afford to stay in gentrifying areas. According to a report by Donna Bryson from CNBC, the residents of a West Denver neighborhood are taking the affordability issues facing their neck of the woods into their own hands.
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  • Freddie Mac re-enters LIHTC market, commits as much as $100 million for affordable housing

    GSE partners with Enterprise to provide up to $100 million in funding for affordable housing projects
    Freddie Mac announced this week that it closed a Low-Income Housing Tax Credit Fund with Enterprise Community Investment. The closing of this fund marks Freddie’s first equity investment as well as its re-entry into the LIHTC market for the first time in 10 years.
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