Items Tagged with 'multifamily'

ARTICLES

  • Waterton plans $2.5 billion investment in multifamily housing

    Announces closing of $920 million investment fund
    Waterton, a national real estate investor and operator, is planning to invest more than $2.5 billion in multifamily housing over the next two years after closing its largest-ever investment fund. According to David Schwartz, Waterton’s chief executive officer, chairman, and co-founder, the firm has big plans for Venture XIII, which is the firm’s largest fund ever.
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  • Angel Oak expanding into commercial, multifamily lending

    Firm specializes in non-QM residential loans
    Angel Oak, an investment management firm that specializes in mortgage credit, made its name by providing residential mortgages that don’t fit into the Qualified Mortgage box, but now, the company is expanding into new lending arenas. Angel Oak announced Monday that it is launching Angel Oak Commercial Lending, which will provide financing to commercial real estate owners, developers and investors.
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  • RealPage continues growing, set to acquire ClickPay for $218 million

    Acquisition will be company’s fifth since 2017
    RealPage, a provider of software and data analytics to the real estate industry, went on quite the run of acquisitions last year, acquiring four different companies throughout the year. As it turns out, RealPage isn’t done yet. The company announced Friday that it is acquiring ClickPay, an electronic payment platform servicing 2.3 million units across the multifamily, HOA, condominium and co-op segments of real estate, in a $218 million deal.
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  • Crowdfunding platform DiversyFund plans $50M investment in multifamily, commercial real estate

    Claims new fund’s projected returns are between 15% and 20% per year
    DiversyFund, a crowdfunding platform that specializes in real estate investing, is launching a new fund that will target multifamily and commercial real estate. The company is planning to raise $50 million for the fund with a minimum investment of $5,000, and claims that the fund’s projected returns are between 15% and 20% per year.
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  • Freddie Mac: Boomers, Gen Xers less interested in buying a home

    Affordability concerns push more toward renting
    As affordability continues to be a growing concern, more segments of the population, especially Baby Boomers and Gen Xers, are showing less interest in buying a home. What’s more, about 50% of Baby Boomers who are currently renting do not think they will ever buy a home in the future.
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  • Fannie Mae wants affordable housing developers to focus on resident wellbeing

    GSE now offer loan discounts for certain multifamily properties
    Last year, Fannie Mae launched a program designed to increase the development of healthy living options for residents of affordable, multifamily rental properties. Now, Fannie Mae is rolling out a new program feature encouraging developers to focus more on the health and wellbeing of their residents by offering a lower borrowing rate.
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  • Realtor.com picks Apartment List as exclusive provider of apartment community listings

    Apartment List also providing listing data for Facebook
    Last month, Facebook announced that it was launching a massive push into real estate, bringing apartment rental listings to its Marketplace. The listings are powered by Apartment List and Zumper. But as it turns out, powering Facebook’s real estate listing movement isn’t the only big deal that Apartment List inked lately.
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  • RealPage continues expanding, agrees to buy On-Site for $250 million

    Acquiring leasing and marketing platform for rental properties
    This year really is turning out to be a year of expansion for RealPage, as for the fourth time in 2017, RealPage, a provider of software and data analytics to the real estate industry, announced that it is acquiring another company. RealPage announced Wednesday that it is acquiring “substantially all of the assets” of On-Site Manager for approximately $250 million in cash. That brings RealPage’s total expansion expenditures for 2017 to just shy of $700 million.
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