May 5 - Troubled Oakland property sold for $78M | The Clara opens in Silicon Valley

Related California opens Silicon Valley apartments as return-to-office ramps up; Top multifamily players detail their most important amenities; Altus Equity Group acquires 1,225 units in Texas

View online | Signup

Daily Dive

May 5, 2025 | Today’s news and insights for multifamily industry leaders

BROUGHT TO YOU BY — Altus Group

Smart multifamily investment modeling

Create fast and easy models for underwriting cashflows. Get better data to reduce risk and maximize opportunities on investment decisions. Learn more and start for free.

Three Steps Properties buys troubled Oakland apartments for $78M

An affiliate of Union Labor Life Insurance Co. sold the 206-unit Zo residential tower.

PROJECT SPOTLIGHT

Related California opens Silicon Valley apartments as return-to-office ramps up

Adjacent to Levi’s Stadium, The Clara features 508 units ranging from studios to three-bedrooms and penthouses.

Top multifamily players detail their most important amenities

Property specialists from Greystar, Bozzuto and Cardinal Group highlighted the strategies that drive value during a recent webinar.

2025 Voice of the Resident Report is here

Based on 1M+ reviews, Widewail’s 2025 report reveals how speed, clarity and surprise fees shape resident experience—and renewal decisions. Download report.

DEALS + STARTS

Altus Equity Group acquires 1,225 units in Texas

The Odessa Multifamily Portfolio boasts a 92% occupancy rate and a forecasted year-one yield exceeding 10%.

What We're Reading

Florida Politics

Dive Into a Topic

Capital

Design