Multifamily

News coverage of the multifamily housing market for owners, brokers, agents, investors, lenders, appraisers and other service providers. Apartment and condo coverage including market rate, luxury, affordable, student housing and senior housing.

ARTICLES

  • Fannie Mae unveils new form of credit insurance risk transfer for multifamily loans

    Transfers risk on $10.9 billion in multifamily loans
    Fannie Mae announced it completed its first-ever multi-tranche Credit Insurance Risk Transfer transaction, transferring risk on $10.9 billion in multifamily loans. Fannie Mae Multifamily Vice President Jonathan Gross said this new transaction transferred $273 million of risk to nine reinsurers and insurers.
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  • Equifax launches soft credit checks for multifamily industry

    Landlords can now check credit without hurting credit scores
    Credit reporting agency Equifax announced Monday it will allow landlords to check prospective tenants' credit without it affecting their credit score. The company created a soft credit check designed for the multifamily industry, saying this will help those who might already have a thin credit file.
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  • Juniper Square raises $25 million to help make it easier to invest in real estate

    Software company connects investment firms to outside capital
    Juniper Square, a technology company that helps connect investment firms with private capital to be used to invest in real estate, announced this week that it raised $25 million to help grow its business. “Our mission is to transform the world’s private capital markets through software,” said Alex Robinson, Juniper Square’s CEO and co-founder.
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  • Anthony Scaramucci’s SkyBridge Capital planning big investment in Opportunity Zones

    Partners with EJF Capital to launch Opportunity Zone REIT
    There’s a new notable name among those who plan big investments in Opportunity Zones – Anthony Scaramucci. Scaramucci famously served as White House communications director last summer, before flaming out in just 10 days. After returning to his Wall Street roots, Scaramucci's firm is planning to invest in Opportunity Zones.
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  • WhyHotel raises $10 million to expand service that turns empty apartments into hotels

    Works with developers to use new units as hotel rooms during lease-up
    WhyHotel, a company that works with developers to turn newly built unleased luxury apartments into hotels, is set to expand thanks to a new capital raise. The company announced this week that it raised $10 million in its Series A funding round. The news comes just a few months after the company raised just shy of $4 million in its seed funding round.
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  • Airbnb settles with Aimco after being accused of allowing illegal short-term rentals

    Landlord claimed Airbnb was encouraging residents to violate their leases
    The legal battle between Airbnb and the Apartment Investment and Management Company over Aimco’s claims that Airbnb was encouraging residents to violate their leases by renting out their apartments on the short-term rental platform is now over. And everyone appears to be pleased.
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  • What would Mark Calabria as FHFA director mean for the future of Fannie and Freddie?

    Analysts weigh Calabria’s potential impact
    The Trump administration has officially nominated Mark Calabria to be the next director of the FHFA when Mel Watt’s term is up early next year. But what would Calabria bring to the FHFA and what might that mean for the future of Fannie Mae and Freddie Mac? Here's a look at what's next, from those in the know.
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  • TCI, Southern Properties Capital, Macquarie partnering to build significant multifamily portfolio

    Joint venture already has 10,000 units, with plans for much more
    Southern Properties Capital, a subsidiary of real estate investment company Transcontinental Realty Investors that operates primarily in Texas and specializes in Class A multifamily, is forming a joint venture with a subsidiary of Macquarie Group, the global finance giant. According to the companies, the joint venture will focus on creating a “business platform that will allow dramatic expansion in the multifamily arena.”
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