Items Tagged with 'multifamily'

ARTICLES

  • Kushner Companies buys $1.1 billion in multifamily real estate

    Berkadia provided Kushner with nearly $800 million to finance the portfolio
    Kushner Companies, the family real estate company of White House Senior Advisor Jared Kushner, is significantly expanding its multifamily portfolio thanks to the help of Berkadia Commercial Mortgage. This week, the real estate company closed on its $1.1 billion portfolio through financing provided from Warren Buffet's commercial lending company.
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  • Freddie Mac expands its multifamily executive team

    The GSE appoints 4 vice presidents to lead its multifamily channel
    Freddie Mac recently announced it expanded its multifamily mortgage banking team, appointing Geri Borger Urgo, Catherine Evans, Michael Case and Amanda Nunnink to newly expanded VP positions. Freddie Mac Multifamily Executive Vice President Debby Jenkins says its essential to identify and develop skilled leaders as the GSE continues to transform its business.
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  • MBA: Commercial mortgage originations fall short in Q1

    Mortgage originations rise 12% on an annual basis, but drop 34% from Q4
    Although multifamily mortgage originations rose 12% year over year in Q1, they retreated 34% from the previous quarter, according to the Mortgage Bankers Association. Jamie Woodwell, MBA’s vice president of commercial real estate research, said first quarter volumes were higher for nearly every property type, and double-digit growth in loan volume for Fannie and Freddie led the increase among capital sources.
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  • New study shows NIMBYism is the biggest multifamily construction barrier

    National Apartment Association releases new report on apartment construction barriers
    According to a new study, NIMBYism is standing in the way of more affordable apartment construction across the U.S. As rents continue to rise, a new study from the National Apartment Association analyzed the factors in 29 major metros that make multifamily apartment construction more difficult to achieve nationwide.
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  • Dying malls resurrected in multifamily markets

    Follow the money with these 3 new multifamily deals
    A popular solution favors converting failing retail space into multifamily, mixed-use developments. And it's finding big backers with even bigger pockets, with three deals emerging this week alone. For a recent example, look no further than right here.
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  • Where do renters want to live?

    Here are the most desirable rental markets
    Earlier this year, a report from CBRE showed that there were more apartments built last year than in almost any other year since the 1980s. The report also showed where those apartments are being built, with the majority of the development coming from the top 20 markets. But are builders building where renters actually want to live? Do they really have their collective finger on the pulse of the renter? Yes and no, as it turns out.
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  • Capital Economics: Rental growth may see modest declines

    Latest report says rental growth will fall back as earnings cool down
    Economists at Capital Economics noted in their latest housing market report that they expect that the gradual loosening in market conditions to mean rental growth is set to cool down. "Our profile for rental and house price growth implies that gross rental yields will rise slowly over the next three years, from 6% today to around 6.3% by the middle of 2021," the firm writes.
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