Items Tagged with 'multifamily'

ARTICLES

  • Yardi reports rent growth steadily increasing

    Rents jump $2 to $1,426
    Average multifamily rents increased $2 in February to $1,426, according to the latest Yardi Matrix national multifamily report. The report noted that demand for rentals isn't showing any signs of slowing down, bolstered by low unemployment and growing wage growth. 
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  • JLL buying HFF in $2 billion deal that will create multifamily real estate giant

    Two of the largest multifamily operators are joining forces
    In a deal that will combine two of the biggest names in multifamily and commercial real estate, Jones Lang LaSalle announced Tuesday that it is buying HFF for approximately $2 billion. Both JLL and HFF are consistently among the top lenders in the multifamily real estate space, with both companies placing in Freddie Mac’s top 10 lenders of 2018.
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  • New York man admits to playing key role in massive multifamily real estate scandal

    Scam defrauded M&T Bank, Berkadia Commercial Mortgage, others
    A New York man has admitted to taking part in a massive multifamily real estate scandal that harkens back to some of the darkest parts of the housing crisis, including fake residents, fake incomes, and inflated mortgages. The charges stem from an investigation that the Wall Street Journal previously called “one of the biggest mortgage-fraud probes since the financial crisis.”
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  • MBA: Commercial, multifamily mortgages continue performing historically well

    Delinquencies remain near historic lows
    It was basically the same song, different verse for commercial and multifamily mortgages at the end of 2018, with those mortgages continuing to perform at historic levels throughout the fourth quarter. According to newly released data from the MBA, delinquency rates on commercial and multifamily mortgages remained near historic lows during the fourth quarter, just as they did all year.
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  • These are the most affordable rental markets

    Majority of top affordable metros located in inland markets
    A new report by Zillow reveals the country’s most affordable rental markets, measuring affordability by the amount of income that renters need to set aside for monthly payments. According to the company's research, these are the five most affordable rental markets.
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  • Hunt Real Estate Capital buys RealtyMogul's proprietary loan underwriting program

    Hunt plans to use software in its commercial real estate lending business
    Hunt Real Estate Capital, which offers financing for all types of commercial real estate, will soon have a new underwriting system to help it originate those loans, as the company is buying a proprietary loan underwriting system from RealtyMogul. Here's more on the deal.
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  • HUD slashing advanced notice for inspections on public housing, privately owned apartments

    Cutting inspection lead time from as much as 4 months to 14 days
    The Department of Housing and Urban Development is about to give landlords and property owners much less of a warning about when it is going to inspect public housing or privately owned apartment buildings that include HUD-subsidized units. According to HUD, it currently provides as much as four months advanced notice before inspecting a multifamily property. But HUD is cutting that lead time to 14 days.
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  • TIAA’s Nuveen Real Estate plots massive expansion in multifamily market

    Launches multifamily fund with $550 million in initial funding
    Nuveen Real Estate, a global real estate investment manager owned by TIAA, is planning a significant expansion of its multifamily real estate business in the U.S. Nuveen announced this week that it launching what it calls the “U.S. Cities Multifamily Fund,” a real estate investment vehicle that just closed on its first investment round, which raised $550 million to invest in multifamily real estate.
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  • Calabria to Senate: Don’t expect any changes to GSE multifamily business

    FHFA director nominee says GSEs’ multifamily business is healthy
    While Mark Calabria could very well enact some significant changes at Fannie Mae and Freddie Mac if he’s approved to serve as the next director of the Federal Housing Finance Agency, Calabria told a Senate panel this week that there likely won’t be any changes to the way that Fannie and Freddie operate in the multifamily space.
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