Capital
Fogelman Properties has acquired The Ovilla, a 288-unit multifamily community in Red Oak, Texas, within the Dallas-Fort Worth metro. The Memphis-based firm cites limited new supply in the far south suburbs and infrastructure investment along I-35 as key drivers. The property, built in 2023 and 95% occupied, will undergo capital improvements. This marks Fogelman's ninth Texas property and third acquisition in nine months.
Dallas-based multifamily investment manager Knightvest Capital announced the acquisition of three apartment properties totaling 1,027 units in the Austin metropolitan area. The portfolio, located in the Silicon Hills corridor, will undergo exterior and interior upgrades. Knightvest CEO David Moore said the assets were purchased at a deep discount to prior peak pricing, reflecting current market conditions in Austin.
On Aug. 13, Brookfield Asset Management and Varia US Properties AG formed a $694 million joint venture covering 13 U.S. multifamily properties. The deal provides up to $200 million for future acquisitions, strengthens Varia's balance sheet, and supports portfolio expansion and quality improvement.
TruAmerica has made its inaugural structured finance investment, committing $27 million in preferred equity to a ground-up apartment development in San Carlos, California. The move follows the hiring of Ash Baraghoush to lead the new vertical and reflects the firm's ambition to build a $500 million private credit portfolio and evolve into a residential investment management company.
Multifamily CMBS distress rate more than doubled since February to 13%, with $992 million in newly distressed loans in July, 96% tied to apartments. Trepp data also shows rising servicing and delinquency rates. Key drivers include soaring insurance and property taxes, maturity stress, deferred maintenance, and floating-rate exposure.
MSCI Real Assets最新报告显示，2026年上半年美国公寓销售市场呈现分化格局：新泽西州北部凭借REIT私有化交易以43亿美元创历史同期新高，旧金山、圣何塞等科技重镇亦录得创纪录成交，而西雅图成交量同比下滑51%。
As Sun Belt supply gluts and coastal market deterioration push investors to seek stability, Midwestern apartment markets are emerging as a focus. Roger Daniel, founder of Daniel Management Group, shares insights on regional investment trends, Chicago's unique challenges, and the role of M&A in property management.
In the latest round of earnings conference calls, management teams of several multifamily residential REITs have grown more confident in the Sun Belt outlook, as elevated supply levels in the region continue to moderate. Camden sold all its California assets to focus on the Sun Belt, MAA expects strong Q3 performance, and UDR's new lease growth provides momentum.
At its second-quarter earnings call on August 4, Centerspace executives detailed progress on asset disposals: they have sold Civic Lofts in Denver ($30 million), five communities in Rapid City, South Dakota ($66 million), and two communities in Minneapolis ($73.8 million), and plan to complete the sale of six communities in Bismarck, North Dakota this month (approximately $150 million). The company aims to enhance portfolio quality, reduce leverage, and has exited certain tertiary markets.
PXV Multifamily announced its first acquisition on August 5: in partnership with Pamera North America, it purchased Village on the Green, a 216-unit garden-style apartment community in Atlanta, for $29.5 million. The property was previously managed by Peak Living, and the seller was not disclosed. PXV plans to rename it The Grove at Ben Hill and carry out renovations, including repairs, installation of laundry equipment, and roof replacement.