RentWire

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.
    Read More
  • Top U.S. landlord charged with running Ponzi scheme in massive multifamily mortgage fraud probe

    DOJ and SEC file multiple charges against Robert Morgan for multimillion-dollar scam
    Robert Morgan, one of the largest landlords in the country, was hit with multiple charges this week by both the DOJ and the SEC for allegedly running a Ponzi-type scheme that involves shuffling around money from investors and falsifying loan documents. The charges are the culmination of a cross-agency investigation into a massive multifamily mortgage fraud scheme that raises serious questions about GSE regulations for multifamily financing.
    Read More
  • LeaseLock unveils security deposit alternative that lets renters pay a monthly fee instead

    Partners with Boost Insurance to offer alternative to security deposit
    The push to move past the traditional security deposit is about to take a step forward thanks to a new product that lets renters pay a monthly fee instead of providing a month's worth of rent upfront. LeaseLock Insurance Services is partnering with Boost Insurance to offer a program called "LeaseLock Zero Deposit," which replaces the upfront security deposit with a monthly charge that renters pay as part of their rent payment.
    Read More
  • 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.
    Read More
  • Zumper: Here are the amenities that renters want the most

    Find out what renters really want from property managers
    As national rent prices begin to slow in appreciation, rental affordability is growing amongst the nation's renters. This could lead to increased competition amongst property managers as more renters take to the market. So, what’s the best way to attract renters? Zumper says it’s simple – amenities.
    Read More
  • BB&T and SunTrust invest $10 million in Washington, D.C.'s affordable housing

    The investment will be added the impact pool of the Washington Housing Initiative
    BB&T and SunTrust are investing $10 million to address the lack of affordable housing in Washington, D.C’s housing market. The equity investment, which specifically tackles the scarcity of housing for middle-income individuals and families, will be added to the Impact Pool of the Washington Housing Initiative.
    Read More