Sept. 17 - California set to boost TOD | CMBS delinquencies hit 9-year highs

Apartment CMBS delinquencies hit 9-year high, distress sales still slow; Judge temporarily blocks new HUD housing grant criteria; Why TruAmerica made a bet on affordable housing; Cityview adds managing director of East Coast acquisitions

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Daily Dive

Sept. 17, 2025 | Today’s news and insights for multifamily industry leaders

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California set to allow denser housing by transit

Gov. Gavin Newsom will soon review SB 79, which will make it easier to build multifamily housing near major train stops and rapid bus lines.

Apartment CMBS delinquencies hit 9-year high, distress sales still slow

Overdue payment rates for apartments jumped 71 basis points month over month in August, but REIT executives don’t see discount properties hitting the market.

UPDATED

Judge temporarily blocks new HUD housing grant criteria

“The irreparable harm is that these funds would be lost forever by anybody that intends to apply,” U.S. District Judge Mary S. McElroy said.

3 reasons to attend zillow rentals unlock 2025

Zillow Rentals Unlock 2025 lands October 20-23 in Austin, TX, delivering what multifamily leaders need most.

Why TruAmerica made a bet on affordable housing

The sector is “supported by strong, resilient demand that is less sensitive to economic cycles,” said a company executive.

Executive Moves

Cityview adds managing director of East Coast acquisitions

Maggie Deichmann will identify strategic opportunities in the region and leverage her experience to broaden institutional best practices across the firm.