All Markets

Chicago

Houston

Los Angeles

National

New York

San Francisco

South Florida

Texas

Multifamily Distress

Lidia Dinkova

Penn-Florida Files Chapter 11, Avoids Blackstone Foreclosure

Nick of time: Penn-Florida files bankruptcy on Boca Raton Via Mizner apartments, dodging $145M UCC auction

Suzannah Cavanaugh

Icon Realty Loan Workout Saves UES Multifamily Portfolio

Icon Realty gets its workout in, saves 19-building portfolio

Blackstone Seeks UCC Auction on Penn-Florida’s Via Mizner

Penn-Florida hit with $145M UCC foreclosure on Boca Raton’s Via Mizner, as South Florida multifamily debt woes grow

Sam Lounsberry

Investors Sue Chicago Investor Shangxuan Tan for $34M

Lawsuit seeks $34M from Chicago investor Shangxuan Tan

Bank’s multifamily loans at default risk skyrocket 990%

Emma Whalen

Strategic Properties of North America’s Multifamily Woes

Inside Strategic Properties of North America’s many multifamily woes

Multifamily lender Ready Capital reports loan sales for cents on the dollar

Syndicator lender Ready Cap sells problem loans for cents on the dollar

Market-rate, leased, yet delinquent: Higher rates rattle New York multifamily

Multifamily CMBS Distress Nearly Triples in 6 Months

Multifamily distress nearly triples in 6 months

Kelli Duncan

South Side Multifamily Players Lee, DeRoo Caught in Web of Distress

South Side multifamily players DeRoo, Lee caught in web of lawsuits

Floating rates crush $240M in Chicagoland multifamily loans

New York Landlord Abe Cohen Defaults on Market-Rate Multifamily Debt

Abe Cohen did nearly everything right, yet multifamily deals still went bad

Rise48’s watchlisted debt tops $250M

Isabella Farr

Tides Equities Late on $150M in Debt After Earlier Workouts

Soon after workouts, Tides fell behind on $150M in debt

Tides Workouts Heighten Loss Expectations: Morningstar

After two Tides workouts, loss expectations raised

Tides Touts Workouts on ‘Bulk of Portfolio’

Tides touts loan workouts across bulk of portfolio

MF1 Forecloses on Rockstar Capital Apartment Complex in Houston

MF1 forecloses on Rockstar Capital’s Houston complex with $50M bid

10 more Tides Equities loans are watchlisted

Crescent Heights Faces “Imminent Default” on $385 loan

Crescent Heights faces “imminent default” on $385M multifamily loan

Joe Lovinger

What to Make of the Latest Texas Rent Data