HIC Land names co-CEO, expands multifamily focus
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. 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
- Disclosed multifamily deal value tracked in October 2026: $7.5B across 80 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
“Our long-term strategy is increasingly focused on larger master-planned communities,” Victor Padilla, the real estate investment firm’s new co-CEO, told Multifamily Dive.
External link. Real Estate Trail does not republish source content.
Related coverage — Multifamily
Lurie Advances Plan for Freedom West 2.0; Would Bring 2,400 Apartments to Western Addition
San Francisco Mayor Daniel Lurie on Wednesday introduced legislation to advance Freedom West 2.0, a long-planned project in the Western Addition neighborhood that could bring nearly 2,400 new homes to the neighborhood…
L.A. Multifamily Sales Jump 44%
Los Angeles County multifamily investment sales are up after the third quarter while average rent and occupancy rates appear to be stuck in neutral. Sales volume for multifamily properties with 50 or more units reache…
Herrin community celebrates apartment complex groundbreaking
Colliers Facilitates $20M Sale of Multifamily Property in Seattle
Colliers announced the $20.4 million off-market sale of Stream 403, a 47-unit trophy asset located at 403 Belmont Ave. E. in Seattle’s Capitol Hill neighborhood. Colliers Senior Vice President Sam Wayne and Asso…
Apollo, UDR Partner on $2B Multifamily Joint Venture
Multifamily real estate investment trust (REIT) UDR has partnered with alternative asset manager Apollo Global Management on a $2 billion multifamily joint venture, the firms announced Wednesday. Together, UDR and Apo…