Oct. 14 - FPI, Asset Living reportedly merge | Shutdown’s impact on housing funds

How the government shutdown is (and isn’t) impacting housing funds for cities; Nearly one-quarter of apartments offered rent breaks in Q3; Multifamily’s notable executive moves of early October

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Daily Dive

Oct. 14, 2025 | Today’s news and insights for multifamily industry leaders

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FPI makes layoffs with rumored Asset Living merger

The nation’s sixth-largest property manager is eliminating 105 positions, per a notice filed by Asset Living Chief Human Resources Officer Rulissa Trout.

How the government shutdown is (and isn’t) impacting housing funds for cities

Previously approved federal housing funding streams remain available, but staff reductions could threaten core functions.

Nearly one-quarter of apartments offered rent breaks in Q3

September saw its biggest rent decline since 2009, and demand slowed in the quarter amid a cloudy economic outlook, per Yardi and RealPage.

Executive Moves

Multifamily’s notable executive moves of early October

The personnel announcements include a new president at Grubb Properties, two presidents at Fogelman and a senior VP of portfolio management at Waterton.

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