Analysis

Access to power is one of the most important features these companies need.

The term dates back to 2015, when RXR purchased the building.

Private investors were the biggest buyers, outspending institutional investors by 2.5 to 1.

Banks have become more conservative with loan-to-value and debt service coverage ratios.

Markets with early soft peaks have seen modern rent growth return.

The market shows early signs of stabilization, but there were increases in delinquency and special servicing rates.

Performance has depended on migration and job creation, but state and local policies have also had an impact.

The first quarter saw 1,459 apartments delivered.