The REIT acquired the portfolio for $153.4 million.

Like Blackstone's AIR Communities deal, this transaction boosts hope that multifamily is recovering.

Insurance premiums rose 27.7% YOY in January

Typical US renters must earn $64,000 per year to afford an apartment.

Companies are seeking prime office amenities to recruit and retain talent.

But there is no guarantee the deal will close.

Three New York markets had standout results in rents and occupancy in May

Port of Brunswick reported a 44% YoY increase in April.