Supply peaked in 2024 in most Sun Belt metros. Rent growth is returning in 2026 as deliveries fall and household formation holds. Refinancing risk on 2021-2022 bridge loans remains the dominant story.
The multifamily sector continues to exhibit resilience amid shifting economic conditions, driven by sustained demand for rental housing and demographic trends favoring urban living. Capital flows remain robust, with institutional investors increasingly favoring this asset class as a hedge against inflation and volatility in other sectors. However, tightening lending standards may temper new development activity, prompting a recalibration of risk appetite among allocators and lenders alike.
Items added to the wire per week · last 12 weeks
San Francisco’s apartment market has moved from bottom to boom in two years, with citywide rents rising 15 percent and institutional buyers now dominating a sector that mom-and-pop owners controlled as recently as 202…
Help your properties stand out in AI-powered search with these best practices.
Marcus & Millichap finalized the sale of 312 Bowery, a multifamily property in Manhattan’s NoHo neighborhood, for $16.65 million. John Stewart and Dylan Torey of Marcus & Millichap exclusively marketed the property on…
Nicholas & Associates , the construction management and general contracting arm of the Nicholas Family of Companies, has been selected by Moyer Properties as the general contractor for Aster Flats, a 263-unit, three-b…
San Francisco’s apartment market has moved from bottom to boom in two years, with citywide rents rising 15 percent and institutional buyers now dominating a sector that mom-and-pop owners controlled as recently as 202…
Help your properties stand out in AI-powered search with these best practices.
Marcus & Millichap finalized the sale of 312 Bowery, a multifamily property in Manhattan’s NoHo neighborhood, for $16.65 million. John Stewart and Dylan Torey of Marcus & Millichap exclusively marketed the property on…
Nicholas & Associates , the construction management and general contracting arm of the Nicholas Family of Companies, has been selected by Moyer Properties as the general contractor for Aster Flats, a 263-unit, three-b…
Marcus & Millichap closed the sale of Palm Court Apartments, a 132-unit multifamily property in the Miracle Mile neighborhood of Los Angeles. The asset traded for $51.25 million, or $388,258 per unit. “We created a co…
Tree Street Group , together with development partners Magellan Development Group and Mark Goodman & Associates, has closed on construction financing for 410 N. Elizabeth, a 33-story high-rise in Chicago’s Fulton Mark…
Prime Residential acquired the 132-unit complex in the Miracle Mile neighborhood for $51.3 million. An LLC tied to Studio City-based Harrison Properties sold the property at 740 South Burnside Avenue, named Palm Court…
Residential construction activity picked up in June, but the gains were concentrated in multifamily, and future supply indicators softened, according to newly released U.S. Census Bureau data . Privately owned housing…
The apartment segment lifted total new housing construction numbers, per HUD and the U.S. Census Bureau, but elevated mortgage rates and construction costs weigh on homebuilders.
Mid-America Apartment Communities is seeking a zoning change to build a 275-unit apartment complex and 15,000 square feet of commercial space at Phillips Place in SouthPark. The Charlotte Business Journal reports the…
Newmark arranged the sale and financing of Hathaway at Willow Bend, a 229-unit multifamily community located at 2525 Preston Road in Plano, Texas. Newmark’s Richard Furr, Brian O’Boyle, Jr., Brian Murphy a…
New York City multifamily sales totaled $2.46 billion across 298 transactions in the second quarter of 2026, representing a 25% year-over-year increase in dollar volume but 4% decline in transaction volume compared to…
Bonner Carrington and Sycamore Development opened Cypress Creek Montfort Drive, a mixed-income community of 168 apartment homes in North Dallas. Located at 14119 Montfort Drive, Cypress Creek Montfort Drive features 1…
The ownership giant will look at all types of complicated situations, but Chief Operating Officer Greg Curci says some distressed opportunities aren’t worth it.
Midwood Group has landed $50 million of construction financing to build a multifamily project in Brooklyn, Commercial Observer has learned. Ponce Bank supplied the loan for the ground-up development of two contiguous…
DALLAS — A partnership between Endeavor Real Estate Group and Canyon Partners Real Estate will develop Lucille, a 265-unit multifamily project that will be located at 2700 McKinney Ave. in Uptown Dallas. The 22-story…
HUMBLE, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Eagle Crest, a 200-unit apartment complex located in the northern Houston suburb of Humble. The garden-style property offers one-…
HORSHAM, PA. — A partnership between Pennsylvania-based Korman Communities, New York City-based RXR, Japanese asset manager Chuo Nittochi, Goodman Properties and CBG Building Co. is underway on construction of a 274-u…
The New York City Rent Guidelines Board’s decision to impose the first-ever two-year freeze on rent-stabilized apartments raises a simple question: Why commission months of economic research if you’re goin…
MADISON, WIS. — Moyer Properties has selected Nicholas & Associates, the construction management and general contracting arm of the Nicholas Family of Cos., to build Aster Flats, a 263-unit luxury apartment community…
NEW YORK CITY — A joint venture between Global Holdings and MAG Partners will develop a 149-unit apartment building in Manhattan’s SoHo district. The new building at 122 Varick St. will include 5,000 square feet of gr…
WASHINGTON, D.C. — Cushman & Wakefield has arranged a $56.6 million loan to refinance The Ellington, a 190-unit luxury multifamily property located at 1301 U St. in Washington, D.C. John Alascio, Alex Hernandez, Marsh…
ARLINGTON, VA. — NewPoint has provided a $34.6 million bridge loan for the acquisition and planned multifamily conversion of the Clarion Collection Arlington Court Suites, a 187-room, extended-stay hotel located in Ar…
Flournoy Properties closed on a $46.5 million refinancing of the River Junction apartments in Leander. The project, completed in 2024, has 329 units. Bridge Investment Group provided the loan. The Walker & Dunlop Capi…
LOS ANGELES — Prime Residential has purchased Palm Court Apartments, a 132-unit multifamily property located in the Miracle Mile neighborhood of Los Angeles, for $51.2 million, or $388,258 per unit. Jeff Louis, Gayle…
Dog days of summer? Not for Citigroup , which just priced a record-setting deal. The bank this week priced the largest multifamily-only conduit commercial mortgage-backed securities (CMBS) transaction originated by a…
For the past two years, the multifamily market in the Sunbelt states has struggled with record unit deliveries, rising interest rates and softening rent growth. While those factors remain in play, many investors are s…
Essex Realty Group and Essex Capital Markets announced the closing of Wilson Manor, a 33-unit multifamily property located at 3348 W. Wilson Avenue in Chicago’s Albany Park neighborhood. The property sold for $7…
Greystar , perhaps the largest multifamily landlord in the U.S., has unloaded another property, this time in Northern Virginia. Investment firm GID put down $215.8 million to acquire the 423-unit luxury apartment towe…