From Charlotte, N.C. to St. Paul, Minn., apartment owners were trading high volumes of units at a higher than normal rate as prime leasing season approaches. Here’s a look at a few of the larger acquisitions that were announced this week:
-
After hearing the 2012 guidance for many of the public REITs during their first quarter earnings calls over the past week, it sounds like many companies have their sights set on ramping up acquisition efforts as we get deeper into the year. Here’s a look at a few of the noteworthy purchases that...
-
From the East to West coasts, this week’s multifamily deals span across the entire country and range from large to small. On the heels of the recent announcement from Fannie Mae detailing robust growth in multifamily during the first quarter of 2012, sales continued to surge this week across the...
-
May 21 is the new deadline for Equity Residential to make a bid on a 26.5 percent interest in former REIT Archstone. Yesterday, majority stakeholders Barclays and Bank of America (BAC) agreed to extend EQR’s deadline by a little more than one month in hopes that it will buy half of their stake in...
-
This week there were several deals announced that prove that apartment owners are confident that the rental trend is only going to continue in the months and years ahead. Here a few of the notable transactions:
-
Acquisitions activity picked back up this week after an end of March lull. And, once again, it’s the big metros that lead the way in terms of demand.
-
Because of the limited supply of rental properties on the market, investors seem to be acting much more strategic when choosing what multifamily properties they acquire and where they are acquiring them. Take a look at some of the multifamily deals that have been made in the past week and you’ll...
Two industry veterans, Scott Wilkerson and Phillip Payne, announced they're taking their newest venture public. They'll face some challenges to get there though.
-
Chicago-based Equity Residential has been given an extension until April 19 to bid on the second part of Bank of America Corp. and Barclays' stake in Denver-based Archstone. The announcement leaves analysts wondering what the extension could signify.
Last week’s announcement by Chicago-based Equity Residential (EQR) that it entered into an agreement to spend $1.325 billion in cash for a 26.5 percent ownership interest in Denver-based Archstone, which owns 48,922 units and has 1,332 units under construction, took some people by surprise.
-
According to a geographic exposure study recently conducted by Charlottesville, Va.-based SNL Financial, since 2007, Archstone has decreased its overall asset exposure in Virginia and California, while increasing its asset bulk in Georgia, Florida, and Texas.
No matter what road you're on in life or in business, a diverse mix can make sure you're around to succeed.
-
CWCapital continues its aggressive growth strategy as it works on acquiring Rockwood Real Estate Advisors, a best-in-class equity house that would complement the company's lending operations.
Who says the high barrier to entry acquisition market is all dried up? If recent deals by Dallas, Tex.-based Behringer Harvard, the Irvine, Calif.-based Bascom Group, and Chicago’s Waterton Residential and Equity Residential are any indication, A-class assets in first tier metro markets are still...
Saint-Gobain's investment kickstarts Sage Electrochromics' new plant construction.
Irvine, Calif.-based architectural firm KTGY Group has acquired CAX, a Tysons Corner, Va.-based architecture group under the leadership of Rohit Anand.
-
In late August, when Richmond, Va.-based Grubb & Ellis Apartment REIT agreed to take over the assets of Oakton, Va.-based Mission Residential—along with agreements totaling $182 million to acquire nine multifamily properties from affiliates of Mission’s MR Holdings—chairman, CEO, and chief...
-
-
The plight of Archstone has been a widely-debated topic in the industry for the past couple of years. The apartment giant, which was No. 8 on the Multifamily Executive Top 50 Owners list with 62,741 units, was taken private by in a Lehman Brothers Holdings with $22 billion leveraged buyout in 2007...
-
A lot of apartment REITs have been active over the past few months. Few have been as aggressive as Memphis-based Mid-America Apartment Communities. In August and September, the company announced five acquisitions. Mid-America CEO Eric Bolton took some time to chat with Multifamily Executive senior...