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Lincoln Property Co. has acquired full-service real estate company The Spectrum Cos., and following the transaction, the two parties will jointly form the Lincoln Carolinas platform, incorporating Spectrum's multifamily business in North Carolina and Central Florida. Since 1982, Spectrum has developed nearly 7,000 multifamily units and currently manages 4.4 million square feet of assets under lease. Lincoln previously sold its residential division in 2023, and this acquisition marks its renewed focus on the multifamily market.
Multifamily housing software giant RealPage announced on Tuesday the acquisition of Cherre, a New York-based company specializing in real estate data cleaning and governance. This acquisition is the first deal under RealPage's new CEO Dirk Wakeham. Cherre will retain its brand, with its team integrated into RealPage, and co-founder L.D. Salmanson will serve as Senior Vice President.
Multifamily residential design is shifting from 'looking good' to 'being functional and value-creating.' Chelsea Kloss, LV Collective's first Chief Design Officer, spoke with Multifamily Dive about how design can enhance community vitality, resident retention, and asset value through 'energy per square foot,' and shared her design philosophy, common misconceptions, and industry challenges.
Houston-based apartment operator Asset Living announced the appointment of Marti Burrows as Chief Operating Officer. The company currently manages over 450,000 units nationwide, and this appointment is seen as a significant milestone in its scaling efforts. Burrows previously managed over $22 billion in assets at Nuveen Real Estate.
After months of back-and-forth between the two chambers and a presidential veto standoff, the 21st Century Housing Road Act officially became law at midnight on July 11. The bill aims to expand housing supply, cut regulations, restrict large institutional investors from buying single-family homes, and ultimately lower housing costs. Representative Josh Harder called it the most important housing legislation since 1974. Although industry insiders believe the bill is not a panacea, they generally view it as a major step forward in federal-level housing construction.
Milwaukee's unfinished Edison Tower project is heading toward foreclosure. General contractor C.D. Smith Construction obtained a default judgment on June 29, and the court may subsequently issue a foreclosure order allowing the sale of the property. The project, once hailed as the tallest wood structure in the U.S., halted work in 2025 due to funding gaps, tariff pressures, and legal disputes.
AvalonBay Communities acquired a full-block development site in South Miami for $22 million through an off-market transaction, planning to build the Avalon South Miami II project with 251 apartments. The price per square foot set a record for development sites in South Miami.
The U.S. housing industry has seen frequent legal disputes this summer: algorithmic pricing lawsuits continue to escalate, with multiple apartment owners and management companies reaching settlements; multifamily housing companies have faced lawsuits over poor maintenance, negligence, and misleading investors; housing agencies and their staff have also been drawn into litigation. This article summarizes notable major case developments worth attention recently.
The U.S. Department of Justice filed a proposed settlement on July 6 to resolve allegations against Willow Bridge Property Co. The company was accused of using RealPage rent pricing software in violation of the Sherman Act. The agreement includes no financial penalties but requires Willow Bridge to stop using algorithms based on competitively sensitive data and to cooperate with the investigation.
Texas apartment owners are under multiple pressures including tax policy changes, rising operating costs, and oversupply, with securitized multifamily loan default rates among the highest in the nation.