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1 week ago | 
multifamilydive.com | Mary Salmonsen
At a minimum, private equity firms own over 2.2 million apartment units at 8,200 properties across the country, including projects in development but not yet occupied — roughly 10% of the entire U.S. apartment stock, according to an analysis of property data from the Chicago-based Private Equity Stakeholder Project. Out of 121 firms included in the analysis, New York City-based Blackstone is the largest private equity apartment owner, with over 230,000 apartment units owned.
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1 week 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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1 week ago | 
multifamilydive.com | Mary Salmonsen
Each month, Multifamily Dive highlights new products of interest to the industry across a spectrum of product types and applications, including building products, smart tech features and property management and operations software and services. Have a product you’d like to have featured? Email .
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1 week ago | 
multifamilydive.com | Mary Salmonsen
Despite ongoing interest rate issues and economic volatility, approximately 1,277 apartment properties were bought and sold in the U.S. in the first quarter of 2025, according to a new RealPage report examining transaction data from MSCI Real Capital Analytics. These transactions equal $30 billion in deal volume, down 38% from the previous quarter, but up 36% year over year.
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2 weeks ago | 
multifamilydive.com | Mary Salmonsen
Project: Artistry Design DistrictDeveloper: McGrath Real Estate PartnersLocation: HoustonUnits: 400Rents: $1,374-$2,900Cost: WithheldHouston-based McGrath Real Estate Partners has opened a new residential addition to the Houston Design District commercial center, built to reflect and invite the character of the surrounding area, according to a news release shared with Multifamily Dive.
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2 weeks ago | 
multifamilydive.com | Mary Salmonsen
Atlanta-based real estate firm Portman is expanding its Austin, Texas, team with Katie Tolson, recently hired as vice president of development, according to a news release shared with Multifamily Dive earlier this month. Tolson has more than 18 years of experience in multifamily and mixed-use real estate, including land development, entitlements, design and construction management.
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3 weeks ago | 
multifamilydive.com | Mary Salmonsen
Houston-based real estate investor and manager Hilltop Residential is moving into ground-up apartment construction and management with the launch of its Hilltop Residential Development division. Through this new operating arm, Hilltop intends to build high-quality multifamily properties in high-growth U.S markets. The properties will emphasize sustainable design, integrate technology and include thoughtfully planned amenities, according to the news release.
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3 weeks ago | 
multifamilydive.com | Mary Salmonsen
Property: The Habitat ResidencesDeveloper: LendleaseArchitect: SHoP ArchitectsLocation: Los AngelesUnits: 260Cost: $316 million (full mixed-use development)One of Australian developer and contractor Lendlease’s last two U.S. multifamily projects is nearing the finish line. The Habitat Residences, the multifamily component of its $316 million Habitat mixed-use development, is set to open in Los Angeles’s Culver City submarket in 2026.
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3 weeks ago | 
multifamilydive.com | Mary Salmonsen
The national average rent rose by $5 to $1,736 in April, showcasing ongoing moderate rent growth, according to Yardi Matrix’s latest National Multifamily Report, released on May 7. Year-over-year rent growth fell by 10 basis points during the same period, down to 0.9%. Northeast and Midwest markets continue to record the strongest rent growth at the major metro level, with New York City well ahead of other markets at 5.8% rent growth YOY.
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3 weeks ago | 
multifamilydive.com | Mary Salmonsen
Washington Gov. Bob Ferguson signed a bill on May 7 restricting rent increases in the state, joining California and Oregon as the third state, plus the District of Columbia, to institute rent control. HB 1217, in its final form, restricts rent increases for existing tenants in Washington state to 7% per year plus inflation or 10%, whichever is lower. Rents for new tenants may be adjusted to any amount, according to a news release from the governor’s office.
