Multifamily Executive

Delivering news and business insights for owners, developers, and managers of apartments and condominiums.

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Alfred Merges With Quarterra’s Property Management Arm

3 days ago | multifamilyexecutive.com | Christine Serlin

Courtesy Quarterra Living Quarterra opened Dryden, a 420-unit luxury community in Denver's Golden Triangle neighborhood, last year. Alfred, a technology-powered residential real estate platform, has announced a strategic merger with Quarterra Living, the multifamily property management business of Lennar subsidiary Quarterra.
Multifamily Rent Growth Sees Steady Gains in May

3 days ago | multifamilyexecutive.com | Christine Serlin

Adobe Stock Economic and financial market uncertainty hasn’t yet had a significant impact on multifamily fundamentals, which remained healthy in May. The average U.S. asking rent increased $6 to $1,761 last month, according to the latest Yardi Matrix National Multifamily Report. Year-over-year asking rent growth, which barely has moved over the last year, remained unchanged at 1%.
Cautious Optimism Defines Midyear Outlook for Multifamily Lenders

5 days ago | multifamilyexecutive.com | Christine Serlin

Adobe Stock Amid economic uncertainty and higher interest rates, lenders remain active in finding solutions for their multifamily borrowers and are cautiously optimistic about the second half of the year. Commercial and multifamily mortgage loan originations started off strong for 2025, with a 42% year-over-year increase in the first quarter, according to the Mortgage Bankers Association (MBA). Alone, originations for multifamily properties increased 39% year over year.
Lincoln Avenue Communities Enters BTR Market

5 days ago | multifamilyexecutive.com | Christine Serlin

Courtesy Lincoln Avenue Communities The Ranches at Gunsmoke Apartments in Maricopa, Arizona, will be Lincoln Avenue Communities' first build-to-rent development. Another leading affordable housing developer and owner has entered the build-to-rent (BTR) market.
Resident Lounge Window Reveals Stone Mill Lofts' Industrial Roots

6 days ago | multifamilyexecutive.com | Symone Strong

Home > Design & Development > Design > Resident Lounge Window Reveals Stone Mill Lofts' Industrial Roots Design Ed Wonsek/Courtesy TAT In a former Industrial Revolution powerhouse town north of Boston, an old mill building—dating back to 1845—has been transformed into a mixed-income residential complex.
RentCafe: Millionaire Renters on the Rise

6 days ago | multifamilyexecutive.com | Christine Serlin

Adobe Stock Renting is gaining ground for wealthy households. According to a new report from RentCafe, 1 in 11 millionaires is a renter, up from 1 in 13 in 2019. The report, which analyzes IPUMS data, notes the number of renter households with an income of $1 million or more jumped from 4,500 to 13,700 between 2019 and 2023, adding 9,200 millionaire renters to the market. Millionaire homeowners also saw a significant increase during this time, climbing from 52,966 to 142,320 households.
Straits Row Debuts in Chicago With Blend of Co-Living and Traditional Apartments

6 days ago | multifamilyexecutive.com | Christine Serlin

Straits Row Q Investment Partners head of development James Coppack says Straits Row's signature amenities, including its penthouse-level rooftop pool, have been well-received by residents. A new 18-story tower combining traditional apartments with co-living units has risen in Chicago’s South Loop.
New Apartments Sit Longer as Renters Gain the Upper Hand

6 days ago | multifamilyexecutive.com | Christine Serlin

Home > Property Management > Apartment Trends > New Apartments Sit Longer as Renters Gain the Upper Hand Apartment Trends Ian Dewar Photography/stock.adobe.com Less than half of newly built apartments completed in the fourth quarter had been rented within three months, up slightly from 47% the prior quarter, according to a new report from Redfin. The real estate brokerage noted this was the fifth consecutive quarter that the rental absorption rate was below 50%.
Austin Tops Best Rental Markets for College Grads

1 week ago | multifamilyexecutive.com | Christine Serlin

Adobe Stock Austin, Texas With a low rent-to-income ratio and a booming tech scene, Austin, Texas, comes in No. 1 on Realtor.com’s Top Rental Markets for Recent College Grads. The list was compiled analyzing a number of factors that are top of mind for college graduates, such as rent affordability, job availability, commute time, social amenities, and the local share of recent graduates.
RangeWater Opens Camino at BuHi in Doraville, Georgia

1 week ago | multifamilyexecutive.com | Leah Draffen

Courtesy RangeWater Real Estate RangeWater Real Estate has opened Camino at BuHi in partnership with North America Sekisui House (NASH) in Doraville, Georgia. Marking RangeWater’s 26th development in the Atlanta area, the new community offers 303 apartment units and townhomes.