Items Tagged with 'multifamily'

ARTICLES

  • RealPage to pay $3 million to settle FTC allegations of faulty tenant screenings

    FTC claims RealPage screenings could have returned incorrect criminal records
    RealPage will pay $3 million in a settlement with the Federal Trade Commission, which accused the real estate tech and data company of providing landlords and property managers with faulty tenant screening results over a five-year period. According to the FTC, RealPage’s screening reports could have shown incorrect criminal records for a prospective tenant because of the company’s limited filtering system on its screenings.
    Read More
  • Freddie Mac re-enters LIHTC market, commits as much as $100 million for affordable housing

    GSE partners with Enterprise to provide up to $100 million in funding for affordable housing projects
    Freddie Mac announced this week that it closed a Low-Income Housing Tax Credit Fund with Enterprise Community Investment. The closing of this fund marks Freddie’s first equity investment as well as its re-entry into the LIHTC market for the first time in 10 years.
    Read More
  • Greystar finalizes $4.6 billion purchase of student housing giant EdR

    The deal just went through after the shareholders voted "yes" last week
    It’s official. Greystar completed its acquisition of EdR, one of the nation’s largest student-housing firms. This news follows EdR stockholders’ vote to approve the merger at a meeting about a week ago. Greystar is dropping $4.6 billion on this acquisition. EdR’s stockholders will receive $41.50 per share in cash.
    Read More
  • Singapore real estate giant CapitaLand enters U.S. multifamily with $835 million acquisition

    Buying 16 Class-B properties in Seattle, Portland, Los Angeles, and Denver
    With rents continuing to rise with little sign of slowing, multifamily real estate in the U.S. is beginning to draw some serious international investor interest, as one of Asia’s largest real estate companies is planning a U.S. invasion of its own. Singapore’s CapitaLand announced Tuesday that it is entering the U.S. multifamily market with an $835 million acquisition of 16 apartment communities in Seattle, Portland, Los Angeles, and Denver.
    Read More
  • New Penn Financial rolls out non-agency loans for condos

    Allows larger portion of commercial space, fewer pre-sale requirements, more
    New Penn Financial is expanding on its financing options for condominiums. The lender announced this week that it is rolling out non-agency loans for condos. The new loan product, called SmartCondo, is the newest loan in the lender’s SMART Series, a collection of non-agency loans that provide a variety of options for “highly qualified borrowers.”
    Read More
  • RealPage completes $100 million acquisition of LeaseLabs

    Provider of digital marketing services and software is RealPage’s latest acquisition
    RealPage’s $100 million acquisition of LeaseLabs is now complete. The acquisition of LeaseLabs is just the latest for RealPage, a provider of software and data analytics to the real estate industry. This is RealPage’s sixth since January 2017 and pushes the company’s total outlay for its recent expansion past $1 billion.
    Read More
  • NXT Capital gets financial boost as ORIX completes acquisition of lender

    NXT’s real estate division funds multifamily, office, student housing, more
    NXT Capital, a lender that provides financing for the acquisition of multifamily, office, retail, industrial, hotel, student housing, and other corporate dealings, has more financial backing to grow its business now that it's under the umbrella of ORIX Corp. USA.
    Read More