Multifamily Property News, Features, and Investment Insights

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W. Dean Weidner of Weidner Apartment Homes Dies

Dean Weidner, founder and chairman of the Kirland, WA-based Weidner Apartment Homes, has died. He was 83. The cause of death was undetermined. Born and raised in Colorado Springs, Weidner founded his namesake company in 1977. Since its inception, the company has grown into one of the largest multifamily housing owners in North America, with...

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More than Guesswork: Data and Technology for Management Effectiveness

It’s no secret that apartment property managers/operators have a lot on their plates. In addition to rent collection and tenant screening, they oversee maintenance, manage costs, and work with owners to determine optimal lease rates. On top of that, operators are responsible for understanding the current housing regulations while keeping residents satisfied. Doing all of...

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Management and Operations: The Engine Behind Successful Multifamily Properties

Apartment property managers, also known as operators, were once mom-and-pop concerns. They fixed things, collected rent and stored leases and other paperwork. These days? Not so much. Experts told ApartmentBuildings.com that multifamily operators need to go beyond filing skills and maintenance efforts to succeed. “Managing a single community or multi-asset portfolio requires significant sophistication, infrastructure...

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S3 Capital Enters South Carolina with a $30 Million Multifamily Construction Loan

S3 Capital expanded its presence in the southeast with a $29.75 million construction loan to support the 152-unit Liva Travelers Rest in South Carolina. The New York City lender issued its first Palmetto State loan to developer Clear Mountain Properties, which is headquartered in Greenville, SC. Site work has commenced on the property at 208...

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Lease Today, Pay Tomorrow: The Truth About RNPL

The “buy now, pay later” (BNPL) concept is considered relatively new. But according to the Federal Reserve Bank of Richmond, BNPL is an overhaul and rebrand of older financial strategies, including layaways and installment payments, which were pay-over-time approaches. BNPL usage exploded after the pandemic and remains popular. The idea of immediate receipt and later...

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California Investor Sells 386-Unit Vintage Multifamily Property in an Off-Market Transaction

California-based Winstar Properties ended its five-year hold on the 386-unit Lake Lofts (formerly the Parque Rio Apartments), a 1960s multifamily property located on the east side of Dallas, TX. The seller, which had held the asset for five years, struck a deal with a local buyer in an off-market transaction. The Multifamily Group’s (TMG) Guillermo...

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The Quiet Truth About Affordable Housing: More is Being Built

America has been battling an affordable housing crisis for years, if not decades. The National Low Income Housing Coalition reported a shortage of 7 million affordable homes for 10.8 million low-income families. At the same time, the National Housing Crisis Task Force said that since 2012, the number of rental units priced below $1,000 per...

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Knightvest Adds a 230-Unit Vintage Multifamily Asset to Growing Orlando Portfolio

Knightvest Capital expanded its Orlando, FL presence with its recent acquisition of the 230-unit Heritage Estates. The Dallas buyer shook hands with CenterSquare Investment Management in Pennsylvania to close the transaction; the new owner has already rebranded the property as The Palmer Apartments. The deal brings Knightvest’s Orlando-area portfolio to 1,535 units. JLL brokered the transaction...

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