Multifamily

Many developers are shifting their near-term strategy to rental properties as mortgage rates continue to climb.

Renters in Miami, Houston, and Philadelphia are most behind.

Multifamily absorption in the last four quarters was below the pre-pandemic levels, in the range of 60,000-70,000 units. In the meantime, rents rose year-over-year at a slower pace, according to a new analysis from the National Association of Realtors.

The company will try to expand its HVAC efficiency technology business.

Riverwalk Golf Course to be redeveloped into 4,300 apartment units, 1M SF of offices.

The Swiss investment firm has acquired a 100-unit asset for a purchase price that equates to $425,000 per unit.

The BLVD at Wilson Crossings will feature layouts for up to four bedrooms.

The acquisition is on behalf of a Delaware statutory trust investment offering that seeks to raise $68 million in equity from accredited investors