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Avalon Bay sees lower apartment supply, concessions driving 2026 performance
8+ hour, 41+ min ago (10+ words) Multifamily Dive...
How Ballast plans to turn around San Francisco's beleaguered Parkmerced complex
2+ mon, 3+ week ago (386+ words) CEO Greg Mac Donald says he remains focused on the day-to-day as he works to overcome challenges at the mammoth property....
Ballast picks up historic 3-property portfolio in San Francisco for $48. 5 M
11+ hour, 20+ min ago (355+ words) The six-story properties, known as the "Three Sisters," total 110 units in the city's Pacific Heights neighborhood. Ballast continues to expand its San Francisco apartment portfolio with the acquisition of three historic multifamily buildings totaling 110 units for $48. 5 million, according to a…...
Hilltop Residential closes fund with $288 M in total commitments
1+ day, 10+ hour ago (485+ words) Fund VI will give the Houston-based multifamily investment manager approximately $1. 5 to $2 billion in buying power. Sponsor: Hilltop Residential Equity raised: $288 million Acquisition pipeline: $1. 5 billion to $2 billion Properties acquired to date: 9 Hilltop Residential announced the final close of Hilltop Growth Fund…...
Washington, DC, sues MAA for alleged deceptive advertising
1+ day, 10+ hour ago (472+ words) The Office of the Attorney General alleges that the REIT overcharged tenants and violated DC law by assessing a variety of illegal fees for services already included in the rent. Under District law, landlords are prohibited from charging fees for…...
Wood Partners adds Luke Davis to head Washington office
4+ day, 13+ hour ago (225+ words) The former Kettler chief investment officer will help the Atlanta-based developer grow its presence in the mid-Atlantic. Wood owns more than 80 properties across the United States, representing approximately 25, 000 homes." The addition of Davis should help the firm grow its presence…...
Argo Real Estate buys New York waterfront property for $45 M
4+ day, 13+ hour ago (448+ words) The firm plans to "lease existing vacant units" and execute "targeted unit renovations" at the 164-unit asset in Nyack, according to Rafi Moskowitz, management and development associate at Argo. Argo Real Estate acquired West Shore Towers, a 164-unit waterfront community…...
Kushner property in NJ designed for active adults as well as all-age renters
8+ mon, 3+ week ago (333+ words) The redevelopment of a hotel site into two apartment buildings is expected to be completed in 2027. A new Kushner apartment development underway in New Jersey will cater to renters of all ages." The 280-unit Livana Livingston in Livingston, New Jersey,…...
Cain, Kushner combine on South Florida JV
5+ day, 10+ hour ago (326+ words) The venture will launch by developing a luxury residential tower in Miami's Edgewater neighborhood, in a region that continues to present compelling growth opportunities, per Cain's CEO. The South Florida market "continues to present compelling growth opportunities," said Goldstein, co-founder…...
Apartment sales ticked up 1% in Q1
5+ day, 13+ hour ago (307+ words) Prices were essentially flat, while cap rates rose 10 basis points over the past year to 5. 8%, according to MSCI. Apartment sales activity wasn't uniform across the country in Q1. In what MSCI refers to as the six major metros " New York City,…...