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PRO is multihousing news and strategy for owners and operators seeking to increase their asset value through streamlined processes and best practices.
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News
Rent growth is positive for the month of May
3+ mon, 1+ week ago (272+ words) onward. However, year-over-year rent growth this year continues to be below that seen in any other year in the Apartment List dataset. The next chart shows...
2028–2030 Oakley Ave
3+ day, 14+ hour ago (222+ words) Essex Three-Twelve Closes Renovated Bucktown Six-Unit for $2.665M yieldpro.com Essex Three-Twelve is pleased to announce the successful sale of 2028–2030 N. Oakley Ave., a recently renovated six-unit multifamily property in Chicago’s Bucktown neighborhood. The property sold for $2,665,000, with Essex Three-Twelve Managing…...
Rents start seasonal rise in February
6+ mon, 1+ week ago (282+ words) days-on-market (DOM) is always highest at the end of the year but starts to decline early in the next year. However, the national DOM figures for this year so far are the highest ever seen in the years for...
Fogelman Surpasses 35,000 Units Under Management with Addition of 5,200 Units Across Six States
2+ mon, 2+ week ago (156+ words) transitioning to Fogelman management earlier this year, reflect continued demand for experienced multifamily...
Single-family rental returns fall
6+ mon, 3+ day ago (495+ words) median sales prices between 2025 and 2026. Last year was a historic one for home values, posting a record...national median sales price of $360,000 for the year. As a result, landlords are facing higher up-front...
Yardi Matrix: Advertised rents edge higher in April
4+ mon, 6+ day ago (485+ words) Yardi Matrix reported that the national average asking apartment rent rose $4 in April compared to the revised level of the month before, reaching $1,758 per month. The national average year-over-year asking apartment rent growth turned negative, with rents falling 0.2 percent. Rents…...
Yardi Matrix: Advertised rents higher again in June
1+ mon, 4+ week ago (482+ words) Yardi Matrix reported that the national average asking apartment rent rose $4 in June compared to the revised level of the month before, reaching $1,763 per month. The national average year-over-year asking apartment rent growth was +0.2 percent. Rents in the “lifestyle” asset…...
Gantry Secures $16.2M Construction Takeout for Spokane Class A Multifamily 31 South Apartment Project
5+ mon, 1+ week ago (448+ words) moving through to stabilization after completion last year in one of Spokane’s best neighborhoods. The loan...attractive rate well below extended pricing on the current loan. This structure will provide enhanced value...bridge debt with lenders vying for yield in…...
Fort Lee Luxury Apartment Community Featuring 1,296-Square-Foot Average Units Sells
1+ mon, 1+ week ago (213+ words) JLL Capital Markets announced that it has arranged the sale and acquisition financing of Ridge Pointe, a 132-unit premier multi-housing community in Fort Lee, Bergen County. JLL worked on behalf of the seller, and also represented the buyer, SELA Realty…...
1729 67th Street
2+ mon, 1+ week ago (346+ words) competition. Transaction volume increased over the past year, with investors continuing to favor newer market-rate...brokerage and financing services to sellers and buyers of commercial real estate at year end....