Property Types
Top 10 Markets for Multifamily Deliveries in 2023
Supply growth nationwide reached a decade-long peak, with more than 1.2 million units under construction, Yardi Matrix data shows. Multifamily deliveries remained strong in 2023, despite economic headwinds. This year, tighter lending circumstances and rising material, maintenance and labor costs will impact new construction starts, but the supply pipeline remains strong. Roughly 500,000 units are bound to come online in 2024, with markets in the South and West likely to stay at the top. To see how these trends evolved last year, we’ve compiled a list of the top markets for multifamily deliveries, leveraging Yardi Matrix data. Key Takeaways: 1….
Browman Development Snaps Up $47M Napa Valley Asset
The company backed the deal with a $35 million acquisition loan.
Jacksonville Portfolio Changes Hands
Southeast Property Group, the new owner, set aside nearly $10 million for capital expenditures.
Fundrise Expands BTR Strategy With $770M Credit Facility
The funds will back approximately 4,000 units of single-family rental homes in several states.
Rise48 Equity Snaps Up 323-Unit DFW Asset
The buyer plans to invest north of $9 million in property improvements.
The Scion Group Acquires 1,527-Bed Orlando Student Community
The asset previously traded in December 2011 for more than $84 million.
Modular Design Methods: 3 Ways Developers Are Adapting
Major players discuss the innovations that are rapidly transforming the growing subsector.
Bascom Group Picks Up Santa Fe Asset
LaSalle Debt Investors provided acquisition financing.
Post-Messi, Global Interest for South Florida Multifamily Is Skyrocketing
How the soccer superstar’s move to Miami is bringing stepped-up global attention to the market.
U-Haul Breaks Ground on Pennsylvania Self Storage Project
The 1,295-unit property is scheduled for completion in 2025.