Business And Finance - Dealmaking - Multifamily Housing Industry News and Archive Information for Multifamily Executives

Cap Rates

Multifamily Developers Struggle With Land Values in Nascent Stages of Market Recovery

Multifamily Developers Struggle With Land Values in Nascent Stages of Market Recovery
Frustrated Investors Eye Better Acquisition Market in Second Half

A dearth of quality assets is fueling cap rate compression in many major markets as frustrated investors line up to bid on the cream of the...
JRK Birchmont Advisors Sets Out to Redefine Multifamily Value-Add

JRK Birchmont Advisors Sets Out to Redefine Multifamily Value-Add

CAPREIT Deal Brings Opportunity

Like just about everyone else in the industry, Dick Kadish, president of Bethesda, Md.-based CAPREIT, hadn’t seen a lot of hard asset...
Affordable Housing's Bottleneck is Lack of Construction Debt

As the tax-credit exchange program continues to gather steam, many developers find that the biggest impediment to breaking ground is...
Citi Brings $1 Billion to the Tax Credit Market

Citi Community Capital has closed a $1 billion debt and equity fund to help revive the struggling low-income housing tax credit market.

Construction activity declines 1 percent in July

WASHINGTON - Construction spending tumbled in July to the lowest level in a decade, as the housing market struggles in the weak economy and without a popular home-buying tax credit.
Finding Shelter

Faced with plummeting prices and an exodus of investors, the market for low-income housing tax credits (LIHTCs) is at a historic nadir.
FHA Courts Affordable Housing Developers

Tax credit developers are increasingly turning to the Federal Housing Administration as they get set to ramp up long-dormant projects.

Improved Apartment Absorption Fuels Rent Growth
A slew of recent market reports are beginning to shine a light on what many apartment operators are already feeling at the site level: improved fundamentals in both occupancy and effective rents. One reason why: net apartment absorption—the amount of units leased after deducting the amount of...
Carlos Vaz Builds Reputation on Distress in Dallas
Self-starter, immigrant, and head of Conti Organization focuses on buying notes at below face value.
Chad Cooley
After graduating from the University of Maryland at College Park, Chad Cooley felt professionally adrift. “Every day, I wondered what my next job was going to be,” recalls the senior vice president of Bethesda, Md.-based Bozzuto Management Co. “My wife, meanwhile, worked for Bozzuto and came home...
Limited Number of Apartments Bought in Q1
Sales volume by all major buyers plummets in the first quarter.

Social Networking and Viral Marketing Are Multifamily's Future
Social networking, viral marketing, and Web-based applications will be the wave of the future, so long as someone figures it all out.
Life in the Fast Lane: Indianapolis Mulitfamily Market
It's a timeworn truism: Different markets see vast improvement at different times. For Indianapolis, that time is now. After watching its Midwest neighbors, especially Chicago, see tremendous fundamental growth and market tightening over the past 12 to 18 months, the Indianapolis apartment market...
Texas Tenacity: Dallas Multifamily Market
Ready for Growth: Revenue Performance Up
The U.S. apartment market staged a strong performance in the second quarter, according to Marcus & Millichap's quarterly

Experian Acquires RentBureau, Expands Rental Screening
Global information services company Experion recently acquired RentBureau, one of the nation's largest nuetral rental credit bureaus. The acquistion has many positive long-term prospects, including helping renters who are unscorable through traditional credit bureaus get their foot in the door to...
CWCapital Sold to Fortress Investment Group
Fortress Investment Group has acquired CWCapital in the third major acquisition of a special servicer this year.
News Bites: March 2010
Fairfield bankruptcy expedited, Equity expands its New York portfolio, and more industry news.
Lasco Bathware and Aquatic Whirlpools Announce Merger
New company, called Aquatic, announces merger at IBS 2010, introduces new accessible bathtub.

Government tries to recoup some Fannie, Freddie losses
WASHINGTON - A federal regulator is taking steps that could lead to the recovery of some losses sustained by mortgage giants Fannie Mae and Freddie Mac.
House Committee Approves Green Building Bill
AIA report says GREEN Act could create or save as many as 140,000 design and construction jobs.
Economists Offer Restrained Projections For 2010
NAHB’s David Crowe: ‘The builders who are here are the survivors.’
Experts Don’t See Corus’ Assets Setting Bottom
When eight bidders were jockeying to get a slice of Corus’ assets back in September, there was hope that the transfer of the failed Chicago-based lender’s assets would set a bottom in some markets. But it doesn’t look like that will happen anytime soon.

Strong Future for Austin Multifamily Market
Austin, Texas, apartment market attracts investors with a long-term outlook.
Extended Stay
The West Hotel, a 105-unit single-room occupancy property in San Francisco's Tenderloin District, may be one of the best examples of a successful renovation that almost wasn't.