Multifamily market


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Midtown Five with (from top) Magellan CEO David Carlins, Sterling Equities' Fred Wilpon and Saul Katz 

Magellan sells Midtown Miami apartments for $154M

Magellan Development Group sold its 400-unit Midtown Miami apartment tower for $154.35 million. The Chicago-based developer sold the 26-story...

Magellan sells Midtown Miami apartments for $154M
We read the details on federal rent relief so you don’t have to. (Getty)
National

The nitty gritty on federal rent relief

 As the multifamily sector welcomed the inclusion of $25 billion in rental assistance in the federal relief package, it rushed to decipher the 5,000-page bill. Here are some key details. The funds will be...

The nitty gritty on federal rent relief
RealPage's Steve Winn amd Thoma Bravo’s Orlando Bravo (Photos via Wikipedia Commons; RealPage)
National

RealPage sells to Thoma Bravo for $9.6B

Property management software company RealPage is set to be acquired by private equity firm Thoma Bravo for $9.6 billion. Thoma Bravo will pay $88.75 per share for the Texas-based proptech firm, the Wall Street...

RealPage sells to Thoma Bravo for $9.6B
Market-rate apartment owners reported the lowest rent collection since early in the pandemic. (iStock)
National

Landlords jarred by sudden drop in rent collection

Market-rate apartment owners just reported the lowest rental payment rate since April. In its monthly survey, the National Multifamily...

Landlords jarred by sudden drop in rent collection
Multifamily sector beating the odds
National Issue

Multifamily sector beating the odds

While hotels, retail and offices sink, the multifamily sector is sailing along. Rent collection has been largely steady despite high unemployment and early threats of rent strikes. Occupancy, too, has suffered less than expected...

Multifamily sector beating the odds
Charlie Kushner and Laurent Morali with Commons at White Marsh Apartments in Maryland (Photos via Sasha Maslov and CommonsatWhiteMarsh)
National

Kushner looks to unload multifamily properties for $800M

Kushner Companies just put 10 Baltimore multi-family properties on the market, a portfolio that the firm’s president believes could...

Kushner looks to unload multifamily properties for $800M
Bain Capital's Kavindi Wickremage and Magnolia Capital's Maxwell Peek (Photos via Bain; Magnolia)
National

Bain, Magnolia target fixer-uppers with $900M joint venture

Bain Capital Real Estate and Magnolia Capital are teaming up to acquire and renovate multifamily assets. The joint venture...

Bain, Magnolia target fixer-uppers with $900M joint venture
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