Last week’s announcement by Chicago-based Equity Residential (EQR) that it entered into an agreement to spend $1.325 billion in cash for a 26.5 percent ownership interest in Denver-based Archstone, which owns 48,922 units and has 1,332 units under construction, took some people by surprise.
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Non-refundable, non-due diligence deposits are a buyer-driven phenomenon, and typically signify froth in competitive markets.
There may not be another rental market in the country like New York. With high incomes and a high propensity to rent, the city leads the rental pack in the United States. But the rules are different in the Big Apple. That’s why many major national players and REITs, with the exception of Arlington...
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The apartment sector continues to benefit from a lack of alternative investments, but how long can this dynamic last?
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Lost amid the public debate over what to do with Fannie and Freddie is the phenomenal performance of the GSEs' multifamily business lines.
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The annualized number of multifamily starts is charging ahead, expected to reach 198,000 units for 2011. Here’s where the biggest builders of multifamily units are likely to stack up at year's end.