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The recently announced deal between UDR and Kuwait Finance House (KFH) seems to indicate that the Highlands Ranch, Colo.-based company is adding more than $450 million in dry powder for acquisitions. It could also be tangible evidence that outside investors are starting to warm up to the...
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MULTIFAMILY EXECUTIVE Senior Editor Chris Wood rounds up interesting and intriguing news tidbits. This week’s quirkification: rent-to-own, flea bomb fiascos, and the true meaning of solitude.
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AIMCO is continuing to sell. In last Friday’s conference call, the Denver-based REIT said it has $1.2 billion in dispositions either in negotiations or under contract to be sold and more than another billion in the market. AIMCO has sold $500 million in assets so far this year.
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After Birmingham, Ala., Colonial Properties Trust opened things up last week, Alexandria, Va.-based AvalonBay Communities and Chicago-based Equity Residential issued releases last night that detailed their second-quarter losses.
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Multifamily brokers are using auctions to excite buyers, speed up sales, and establish pricing thresholds for distressed properties.
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The recent struggles of two Irvine, Calif.-based apartment firms have shone the spotlight on exactly how bad things are on the West Coast, particularly in Arizona.
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Distress is piling up in the multifamily market, but it’s still not as bad the other sectors, according to the most recent Troubled Assets Radar from Real Capital Analytics (RCA) a New York-based research firm that tracks commercial real estate.
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If the unprecedented number of real estate foreclosures didn’t hurt South Florida, the upcoming hurricane season likely will. A large Category 4 or 5 storm could wreak more than structural havoc on empty buildings; some believe the financial damage and related insurance, repair, and demolition...
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Mid-America Apartment Communities is gearing up to take advantage of a wave of distressed assets coming online.
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CWCapital has acquired multifamily lender Sierra Capital Partners in a push to expand on the West Coast. The Irvine, Calif.-based Sierra Capital Partners originated about $300 million annually in Freddie Mac debt, with a servicing portfolio of about $825 million. Terms of the deal were not...