KKR to Acquire $1.64 Billion Student Housing Portfolio from BREIT
KKR and Blackstone Real Estate Income Trust said that KKR-managed funds would acquire a portfolio of 19 purpose-built student housing properties from BREIT for approximately $1.64 billion.
The over 10,000-bed portfolio is comprised of 19...
Fannie Mae sees lower multifamily starts as inflation persists
Fannie Mae’s April economic forecast calls for multifamily housing starts to decline modestly through the end of 2025. Single-family housing starts are expected to rise but at a lower rate than predicted last month.
Fannie...
MSCI: Multifamily property prices continue to fall
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices in March fell 0.9 percent from their level of the month before. This is down slightly from last...
NeighborWorks Capital and National Equity Fund Announce LIHTC Equity Fund to Empower Partner Organizations
NeighborWorks Capital, a national non-profit Community Development Financial Institution (CDFI), has partnered with National Equity Fund (NEF), a leading non-profit multifamily, affordable, real estate investment manager, to launch the NeighborWorks Capital Equity Fund.
"The idea...
March is a down month for multifamily housing construction
The Census Bureau’s new residential construction report for March showed multifamily permits were flat for the month, and that was the relative bright spot. Both multifamily unit starts and completions were sharply lower.
The report...
Builder sentiment unchanged in April
Builder sentiment was flat in April as mortgage rates remained close to 7% over the past month and the latest inflation data failed to show improvement during the first quarter of 2024.
Builder confidence in...
Construction materials prices reported lower in March
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were down 0.1 percent month-over-month in March on a seasonally adjusted basis. The index of components...
Starwood Impact Investors Closes Investment in Obsidian Capital Partners
Starwood Impact Investors, a return-driven investment platform managed by Starwood Capital Group that is dedicated to investing in commercial real estate opportunities controlled by underrepresented partners, announced it has completed its inaugural investment in...
YieldPro interviews Trepp Research Director Stephen Buschbom
On April 4, YieldPro editors asked Trepp, Inc. Research Director Stephen Buschbom to share his company's latest analysis of the multifamily sector. Trepp is a data and analytics provider for structured finance,...
Real Estate Firm Marquette Companies Launches Strategic Alliance with Orion Residential
Marquette Companies, a national leader in multifamily development, investment and management, announces its strategic alliance with Deerfield, Illinois-based Orion Residential Advisors, (“Orion”) an integrated multifamily investment and operating firm active in multiple markets nationwide.
“Bringing...
HUD proposes criminal records rule changes
HUD issued a notice of proposed rule making to change how criminal records history may be considered in deciding to prohibit individuals from residing in HUD-assisted housing.
According to the proposal, the rule changes would...
Rent growth blooms in spring
Yardi Matrix reported that national average apartment rent was up $8 in March compared to the level of the month before at $1,721 per month. The national average year-over-year apartment asking rent growth was...
Blackstone Taking Apartment Income REIT Private for $10B
Blackstone and Apartment Income REIT Corp. (AIR Communities) said that Blackstone Real Estate Partners X will acquire all outstanding common shares of AIR Communities. The all-cash transaction is valued at approximately $10 billion, including...
Senior housing occupancy recovery continues in Q1
An NIC MAP Vision summary report shows that senior housing occupancy rose in Q1 while its year-over-year rent growth rate fell.
Segmenting the market
The senior housing market is divided into several sub-markets. NIC MAP Vision...
Strong rise in employment in March
The Employment Situation Report from the Bureau of Labor Statistics stated that March employment levels all 4 of the multifamily-related job categories we track rose from the preliminary levels reported last month.
Blowout month for...
