A total of $480.1 billion in new mortgages were originated in 2022 for apartment buildings with five or more units, according to new data from the Mortgage Bankers Association. This represents a 1% year-over-year decline. Last year’s total was generated by 2,242...
Boston Mayor Michelle Wu has unveiled a program offering tax incentives that will encourage the conversion of downtown office buildings into residential housing. According to an Associated Press report, the program will accept applications through June 2024 and...
The luxury home building firm Toll Brothers Inc. (NYSE: TOL) has promoted John A. McCullough to president of Toll Brothers Apartment Living, the company’s multifamily division. In his new job, McCullough will be responsible for leading all acquisitions,...
UDR Inc. (NYSE:UDR), a Denver-headquartered multifamily real estate investment trust, has teamed with LaSalle Investment Management, an operationally independent subsidiary of JLL (NYSE:JLL), on a $510 million joint venture focused on the multifamily market. The joint...
The University of Iowa has taken to Realtor.com to list one of its residence halls for sale. According to a report from Inside Higher Education, the 326,000-square-foot building in Iowa City is being offered as a “multi-family” property with 523 furnished rooms, a...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
