A joint venture of Federal Capital Partners and New York City-based real estate investment fund Angelo, Gordon & Co. sold and recapitalized a five-property portfolio valued at $405 million.

In an all-cash deal, GE Real Estate picked up a portfolio of apartment communities in Dallas, Atlanta and Austin, TX for $256 million. It's the third portfolio acquisition the firm has made on behalf of the direct investments group of its North America equity division.

While growth in multifamily REITs remains healthy, it is moderating, as is share price appreciation. That's the contention of Bank of America analysts in a recent report on the sector.

Houston—St. Paul Travelers Cos. Inc. has signed a 10-year lease to occupy the first facility to come out of Koll Development Co.'s Intellicenter building program.

The CEOs of three multifamily REITs agree most markets will continue to perform well, although they don't expect 2007 to be a repeat performance of the past year.

PHOENIX-Affordable product is necessary for all types of renters, not just minorities. That's just one of the revelations from last week's NMHC annual meeting here.

With the closing of a $350-million fund and acquisition of four communities, Chicago based Laramar Group is on track to gain more than $1-billion worth of assets. The firm recently completed fundraising for the Laramar Multi-Family Value Fund.

Don't expect multifamily REITs to repeat this year's stellar performance in 2007. According to analysts at Bank of America, the fact that public apartment firms outpaced their counterparts in 2006 was mainly due to cap rate compression and significant growth in earnings caused by their significant pricing power.