Leah Draffen

1 week ago | multifamilyexecutive.com | Leah Draffen

At $1,695 in March, the median asking price for rent in the 50 largest metros is now $65 lower than the 2022 peak, according to the Realtor.com March Rent Report. Although rents have been declining for 20 consecutive months, new tariffs could have impacts on areas where permitting activity is growing the fastest. The impact could threaten rent declines.

1 week ago | multifamilyexecutive.com | Leah Draffen

Now at the five-year anniversary of the COVID lockdowns, work still looks much different for many employees. Despite some return-to-office notices, remote work and hybrid schedules continue to dominate, and multifamily properties have had to accommodate this new way of life for many residents. The business centers of pre-pandemic times don’t quite fill the need as work-from-home employees now require more than a conference room or makeshift common lounge area.

2 weeks ago | multifamilyexecutive.com | Leah Draffen

StreetLights Residential has debuted The Galatyn, its newest luxury high-rise development in Dallas, which is slated to open later this year. In the Upper McKinney District, the 20-story building will offer 56 stately crafted residences, including two penthouses. Adjacent to its sister property, The McKenzie, The Galatyn will provide a boutique residential experience with an emphasis on privacy, service, and timeless design.

3 weeks ago | multifamilyexecutive.com | Leah Draffen

Home > Business & Finance > Transactions > Sunstone Two Tree Expands to San Diego Transactions Sunstone Two Tree Multifamily developer and operator Sunstone Two Tree has expanded into San Diego with the $45 million acquisition of a 200-unit apartment property on the north side of El Cajon. The 1976 Terraza Hills community is in its original condition, and Sunstone Two Tree plans to invest a significant amount of capital on upgrades.

1 month ago | multifamilyexecutive.com | Leah Draffen

Proptech startup Livsee has announced an oversubscribed pre-seed funding round. Led by founder Andrea M. Taylor, Livsee is tackling long-standing challenges in multifamily leasing and lead management with artificial intelligence (AI)-powered marketing solutions. Livsee Andrea M. Taylor Funding will accelerate product development as Livsee moves into its beta phase.