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1 week ago | 
multifamilydive.com | Mary Salmonsen
The Washington state Attorney General’s office has filed a lawsuit against Richardson, Texas-based RealPage and nine other multifamily companies, alleging that their use of RealPage’s revenue management software products led to rapidly rising rents for their tenants in Washington.
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2 weeks ago | 
multifamilydive.com | Mary Salmonsen
Greystar remained the No. 1 apartment developer in the country this year, with 8,247 units started in 2024, according to the National Multifamily Housing Council’s 2025 Top 25 Developers list. Jacksonville, Florida-based contractor Summit Contracting Group was No. 1 for the third year in a row on the Top 25 Builders list, with 10,289 units started in 2024. Greystar was second on this list with 6,640 units started.
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2 weeks ago | 
multifamilydive.com | Mary Salmonsen
Property: The BallantineDevelopers: Shorewood, Bridge Investment GroupArchitect: Minno & Wasko ArchitectsLocation: Newark, New JerseyUnits: 280Rents: $1,795-$3,282Cost: WithheldAfter a six-year development process, leasing has now begun at The Ballantine, a multifamily property built on the former site of the Ballantine Brewery in Newark, New Jersey, ahead of its opening for move-ins in April, according to a press release shared with Multifamily Dive.
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2 weeks ago | 
multifamilydive.com | Mary Salmonsen
The national average multifamily rent rose by $5 between February and March, up to $1,755, according to Yardi Matrix’s latest National Multifamily Report. While this aligns with short-term positive rent growth — up 0.4% over the first quarter of 2025 — the year-over-year rent growth rate has fallen 20 basis points to 1.0% over this same period. Rent growth remains strong in most gateway markets, the report said.
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2 weeks ago | 
multifamilydive.com | Mary Salmonsen
Editor’s note: This story and the associated court documents include graphic details of alleged racial and sexual threats. Highlands, Colorado-based multifamily REIT UDR has agreed to pay $50,000 to the District of Columbia and make a number of changes to its business practices in order to settle claims related to its handling of a tenant racial and sexual harassment case at one of its properties, according to the Office of the Attorney General for the District of Columbia.
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3 weeks ago | 
multifamilydive.com | Mary Salmonsen
Property: The WayneDeveloper: Porter KyleLocation: Chandler, ArizonaUnits: 100Cost: $60 millionScottsdale, Arizona-based multifamily builder and developer Porter Kyle has broken ground on its second build-to-rent project in Chandler, Arizona, and its eighth overall. The Wayne, a 100-unit townhome property, is expected to cost roughly $60 million, according to a news release shared with Multifamily Dive.
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3 weeks ago | 
multifamilydive.com | Mary Salmonsen
Cleveland-based multifamily builder, developer and manager The NRP Group is expanding its third-party construction team with the hiring of three new regional vice presidents of construction business development: Kevin Glenn in Florida, Noah Soven for the Carolinas and Matt Tryder in the Northeast. The new vice presidents will report to Ted Kramer, executive vice president of construction.
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3 weeks ago | 
multifamilydive.com | Mary Salmonsen
Recently confirmed U.S. Director of Federal Housing Bill Pulte has rescinded the Biden administration’s directives on multifamily leasing policies. These included 30-day advance lease termination notice requirements for properties funded by Fannie Mae and Freddie Mac mortgages, according to an order dated March 24. Pulte noted in the order that many state and local governments already had existing laws governing notices and grace periods.
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4 weeks ago | 
multifamilydive.com | Leslie Shaver |Mary Salmonsen
The multifamily sector is undergoing rapid changes, and company leaders are working hard to stay on top of challenges like supply chain issues, inflation and fluctuating interest rates. They are also striving to make the best of current market conditions, tech solutions and government policies while finding new ways to make their companies stand out from the competition. Below, Multifamily Dive recaps some of the top deals and groundbreakings of the past few weeks.
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4 weeks ago | 
multifamilydive.com | Mary Salmonsen
The city of Canton, Ohio, has sued the developers of the Hercules apartments in Canton for allegedly failing to make payments on a $2 million loan the city approved in 2017, according to a complaint filed in the Stark County Common Pleas Court. The lawsuit, filed on Feb. 6, states that developer Historic Hercules LLC and four individuals — Robert Timken, Andrew Goldman, Marshall Belden Jr. and Samuel Polakoff — used the loan to convert the former Hercules Motor Co. into 90 apartments.
