Guesty acquires Smily, deepening its investment in France's booming short-term rental market
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 178th New York story tracked on the wire in September 2026. All New York coverage →
Computed from Real Estate Trail’s own tracked coverage
The acquisition adds fifteen years of French property management expertise to Guesty, deepening its presence in the world's second-largest short-term rental market. NEW YORK and PARIS, Sept. 17, 2026 /PRNewswire/ -- G…
External link. Real Estate Trail does not republish source content.
Related coverage — New York · Multifamily
JLL Arranges $60.5M Acquisition Loan for Brooklyn Multifamily Portfolio
NEW YORK CITY — JLL has arranged a $60.5 million acquisition loan for a portfolio of two multifamily buildings totaling 93 units in the Williamsburg area of Brooklyn. The buildings at 227 and 456 Grand St. were constr…
Domain Cos. Nears Completion of 255-Unit Apartment Building in Brooklyn
NEW YORK CITY — Locally based owner-operator Domain Cos. is nearing completion of Majestic, a 255-unit apartment building in Brooklyn’s Gowanus neighborhood. Designed by Handel Architects with interiors by GoodRich De…
Related Cos. Begins Leasing 336-Unit Apartment Community in Tuxedo, New York
TUXEDO, N.Y. — Related Cos. has begun leasing a 336-unit apartment community in Tuxedo, located in the Hudson Valley region. Designed by Aurae, the residences are part of The Village at Tuxedo Reserve, a mixed-use tow…
Rockefeller Group Files Plans to Build 340 Apartments at 200 West 97th Street
New York City-based developer, owner and operator Rockefeller Group has submitted big housing plans for the Upper West Side development site it bought in January. Rockefeller has filed plans to build a 340-unit, 392,3…
Multifamily Developer LCOR Buys Taconic’s UES Life Sciences Site for $73M
Taconic Partners has parted with another life sciences project in Manhattan. The developer sold 309 East 94th Street on the Upper East Side for $73 million, according to city records filed Thursday. The buyer, LCOR ,…
Marcus & Millichap Brokers $5M Sale of Upper Manhattan Apartment Building
NEW YORK CITY — Marcus & Millichap has brokered the $5 million sale of a 35-unit apartment building in Upper Manhattan. The five-story building at 120 Haven St. houses six one-bedroom units, 25 two-bedroom residences…