Whopping rental rate spikes caught the eyes of many apartment investors and even with the pace of growth likely to slow, overall fundamentals remain attractive.

New construction of multifamily properties, which include rental apartments and are therefore less sensitive to rate-induced shifts in demand, jumped 28 percent in August to the highest level since 1986.

New CalPERS’ investment chief decried the fund’s underperforming returns over the past decade, reports The Wall Street Journal. Apartment rent growth normalized to a more moderate pace in August, according to Multifamily Dive. These are among...

The firm is joining Tent, a nonprofit network of major corporations committed to supporting refugees, New York-based Blackstone said Tuesday in a statement. The alternative-asset manager said it has already hired 500 displaced people.