Items Tagged with 'multifamily properties'

ARTICLES

  • Massachusetts man cops to 9-year multifamily mortgage fraud conspiracy

    Used fake loan documentation to obtain loans that cost $4.3 million in losses
    A Massachusetts man admitted in court last week that he took part in a nearly decade-long multifamily mortgage fraud conspiracy that defrauded financial institutions of millions of dollars. Court documents showed that Joseph Bates and other conspirators took part in a mortgage fraud scheme that stretched from 2006 through 2015, involved at least two dozen fraudulent loan transactions, and caused $4.3 million in losses to lenders.
    Read More
  • Bainbridge Companies hires five new executives to position for growth

    Bainbridge says it expects significant growth in East Coast operations over next 3 to 5 years
    Luxury multifamily firm Bainbridge Companies, recently hired five members to its executive team in support of its growth initiatives in the Mid-Atlantic region. As the single-family industry struggles to prop up sagging originations and fight low inventory, resulting in a tough season full of layoffs, the multifamily industry appears to be running strong. The ability of firms to hire for growth is a good indicator that things are going swimmingly in the multifamily industry.
    Read More
  • NREI: Multifamily investors are still okay with low cap rates, but that could change soon

    Current conditions could put an end to the bidding wars raging over multifamily properties
    Despite major activity in the multifamily property purchase market, cap rates have remained largely unchanged since 2017. According to NREI’s analysis of Real Capital Analytics data, cap rates on apartment acquisitions have averaged 5.6% since 2017 with very little variance to date.
    Read More
  • Here are 4 "buy" cities for multifamily investment

    These four cities are heating up and offer great upside for investors buying into the market
    Scouring the nation for your next cash cow multifamily acquisition? Look no further than these four underrated cities RealPage says have great upside. Things are a little too competitive for to be profitable for many investors in the primary markets. RealPage’s picks are not the sexiest markets, but their fundamentals are solid and their growth potential make them worthy candidates for investment.
    Read More
  • Manhattan's MG Capital partners with CrowdStreet to gain new investors via crowdfunding

    MG Capital is opening up its portfolio to crowdfunding through this new partnership
    MG Capital is partnering with CrowdStreet to open up its luxury properties to crowdfunding. MG Capital is a Manhattan-based residential real estate manager. MG Capital is the largest owner-manager of debt-free luxury residential properties in Manhattan, and the company has plans to expand drastically in the next five years, deploying $5 billion to rope 2,200 properties into its portfolio.
    Read More
  • JPI promotes Rosie Cooper to oversee Western U.S. multifamily operations

    Cooper will oversee acquisitions and capital markets to construction and dispositions
    National multifamily company JPI promoted Rosie Cooper to executive vice president and regional managing partner of its Western Region Office. In her new role she will be responsible for acquisitions, development, design management, construction, capital markets, portfolio management and dispositions.
    Read More