Items Tagged with 'Multifamily investors'

ARTICLES

  • Former NFL kicker to invest $25M in Cincinnati apartments

    Doug Pelfrey, former Cincinnati Bengals place kicker, is making value-add investments in the Cincinnati metro
    Doug Pelfrey, one of the Cincinnati Bengals’ all-time leading scorers, is going to invest over $25 million in multifamily housing across the Cincinnati metro, according to the Cincinnati Business Courier. His company, Blue Tide Partners will be purchasing and revamping a nine-property portfolio in the Greater Cincinnati area.
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  • Dodge Analytics: Residential construction starts fell 9% in April

    Multifamily dips 7% YoY, single-family rises 7%YoY
    Residential construction starts faltered in April as did the rest of the construction sectors, according to a report by Dodge Data & Analytics. The report showed that residential construction starts, both single-family and multifamily, totaled 303.8 billion, a 9% decrease from March. Multifamily dropped by 20%, which signaled the second declining month in a row.
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  • In the pipeline: Navigating this multifamily sellers' market

    Settle in for a long, slow climb as multifamily housing takes center stage
    The multifamily market is in on hold as far new starts go with the exception of an odd permitting blip registered over the course of March, in which permit numbers spiked by 19%. That aside, researchers are predicting a slowdown in new construction starts as the market is full-up on Class-A product, and construction costs don’t allow for them to build Class-B product.
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  • Redwood Trust inks deal with 5 Arches to grow single-family rental loan business

    Buying minority interest in investor-focused originator
    Redwood Trust, a real estate investment trust that specializes in buying and securitizing jumbo mortgages, is set to expand into investor-focused loans thanks to a new deal with 5 Arches. Under the deal, Redwood Trust is buying 20% of 5 Arches, an originator and asset manager of investor-focused loans, including loans for single-family rental homes, multifamily bridge, and fix-and-flip residential real estate.
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  • 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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  • 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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  • 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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  • Multifamily demand outpaces supply

    Rising rates push consumers to rent
    As home prices continue to improve, mortgage rates continue to rise and consumers face tighter lending standards, it will become more difficult for many potential homebuyers to purchase a home. And with homeownership no longer an option for many, demand for rental properties is now outpacing supply.
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