MBA CREF Policy Update April 27, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
KBRA: Challenging Single-Family Rental Fundamentals
Softening operating performance, elevated inflation, labor shortages and decelerating rental rates have produced the most challenging environment for the single-family rental sector yet, reported KBRA, New York.
MBA CMST Conference Opening General Session: The New Office Space
The MBA Commercial/Multifamily Finance Servicing and Technology Conference will kick off with an expert panel of executives exploring the pace of change in office space.
JLL: Cloud Computing, AI Drive Data Center Growth
Mass adoption of cloud computing and artificial intelligence is driving exponential growth for data centers, reported JLL, Chicago.
STR: Hotel Pipeline Shows Confidence in Business Travel
Hotel developers show confidence in upper-upscale properties despite the segment’s slow recovery from the COVID downturn, reported STR, Hendersonville, Tenn.
Dealmaker: Merchants Capital Secures $26M for Puerto Rico Multifamily
Merchants Capital’s New York office secured $25.9 million to renovate and upgrade Mirador Las Casas, a Section 8 and Low-Income Housing Tax Credit multifamily property in San Juan, Puerto Rico.
RealPage: Apartment Construction Boom Different Than The 1970s
Multifamily construction is currently at its highest level in decades. But it might have less effect on the sector than you think, reported RealPage, Richardson, Texas.
Commercial/Multifamily Briefs April 27, 2023
Briefs from Freddie Mac Multifamily, Standard Real Estate Investments LP, GCM Grosvenor.