By Ben Roper and Hal Reinauer There’s a conversation happening in estate attorneys’ offices and around family dinner tables across the country, and it usually goes something like this: an owner of a multifamily property, often held for decades, begins to think seriously about what happens next. The asset has been good to them. It generates income. It carries emotional weight. And the plan, loosely held, is to pass it along the same way it arrived: intact, appreciated and relatively uncomplicated. What most owners never fully reckon with, and what is …
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By Douglas Kelin and Bryan Pritchard Build-to-rent (BTR) has quickly become one of the most prominent strategies in residential real estate. In 2024 alone, the number of BTR homes delivered in the United States was approximately 10 times higher than it was a decade earlier. While that growth shows no signs of slowing, the version of build-to-rent that investors are pursuing today looks very different from the development-heavy model of just a few years ago. A combination of regulatory pressure, shifting market conditions and strategic refinement is pushing the sector …
How Distress, Debt Assumptions Are Rewriting Multifamily Pricing in Metro Atlanta
— By Matt White, managing director, Berkadia Across Metro Atlanta, distress and loan assumptions are no longer edge cases — they’re driving a meaningful share of multifamily transaction activity and quietly resetting the market’s pricing benchmarks. Deals that can successfully navigate legacy debt structures, rising operating costs and shifting return expectations are revealing where true clearing values lie and which capital stacks still work in today’s environment. The same forces driving distress in Dallas, Phoenix and Austin — floating-rate and bridge debt maturities, late-cycle construction and operating cost inflation — are …
How a Maryland Housing Authority is Using Transparency to Expand Affordable Housing and Resident Services
By Chelsea Andrews Across the country, demand for affordable housing continues to rise, placing increased pressure on housing authorities to provide shelter and resources for our most vulnerable neighbors. Taxpayers want transparency when it comes to how their dollars are being used in the community. Private partners seek evidence of momentum, clear direction and follow-through. Government stakeholders require clarity and accountability when allocating local, county and federal funds leveraged for housing. Across all audiences, there is a shared need for a clear understanding of what’s working and where gaps remain. …
By Nellie Day For nearly all renters, Wi-Fi, that four-letter word, has evolved from a nice-to-have perk into a necessity. “Wi-Fi is now treated like the ‘fourth utility,’” says Taylor Jones, co-founder, president and chief technology officer of Elauwit Connection. The other three vital services, of course, are electricity, water and gas. “It is as essential as hot running water,” adds Sandy Jack, vice president of strategic relations, multifamily, at Vingcard and Nomadix, two brands that fall under parent company ASSA ABLOY Global Solutions. Jack views Wi-Fi as such for good …
By Ari Pearl Branded luxury in the South Florida multifamily market has moved from fad to fundamental. A branded luxury multifamily community is a high-end apartment or condo building that’s marketed under a well-known luxury brand — often a hotel, fashion, auto or lifestyle brand. Examples include Miami’s Porsche Design tower, which features an elevator transporting both the tenant and their car up to their high-rise unit. Bentley, Fendi and Armani also have lent their name to multifamily development through various partnerships. Today, premium multifamily renters will pay for a …
Opportunity Zone Program Presents Strategic Window for Multifamily and Affordable Housing Investment
By Scott Manning and Bruce Thompson Real estate developers, investors, and community leaders have a unique opportunity in the coming months to ensure that state officials appropriately designate low-income census tracts that will most benefit from investment dollars related to the federal Opportunity Zone program. Since the enactment of the program in 2017, Qualified Opportunity Zones across all 50 states, the District of Columbia, and U.S. territories have attracted significant private investment, fueling housing development, job creation and economic revitalization in underserved communities. With the current Opportunity Zone program set …
By Tessa Castner and Grace Kuntz Most multifamily owners and managers are aware that discrimination against disabled tenants can result in litigation and increase a project’s operating expenses, which could make the difference between turning a profit and having to write a check to cover operating deficits. However, the Fair Housing Act (FHA) not only prohibits disability discrimination, but in some circumstances, it affirmatively requires housing providers to potentially take additional steps to make reasonable accommodations and reasonable modifications for individuals with disabilities. Though the terms reasonable accommodation and reasonable …
Investors, Take Note of Reno’s Supply Pipeline, Income Trends and Home-Ownership Costs
By David NelsonTo the general public, Reno, Nevada, conjures up visions of casinos, nightlife, giant neon signs and vintage mid-century motels, as well as the beauty of nearby Lake Tahoe. In the multifamily investment world, the metro is drawing increased attention because of its limited incoming supply, steady population growth, business-friendly environment and diversified employment base, which combine to create a strong apartment market that can deliver attractive returns. Reno, which calls itself “The Biggest Little City in the World,” may not be on investors’ radar as prominently as some …
By Joe Gose Lenders and mortgage bankers entered 2025 unsure how busy they would be. From President Trump’s seesawing tariff messages that ramped up market volatility to weak fundamentals in oversupplied Sun Belt markets, their misgivings were well-founded. A sluggish start to the year cast a shadow over whether the government sponsored agencies (GSEs) of Fannie Mae and Freddie Mac would hit their multifamily loan purchase caps of $73 billion each. But financings eventually gained momentum among the GSEs as well as life insurance companies, commercial mortgage-backed securities (CMBS) lenders …