Ease Capital, New York, provided Community Investment Group, Chesapeake, Va., with $32 million for the purchase and renovation of Dove Landing Apartments, a 318-unit garden-style multifamily community in Virginia Beach, Va.
Category: News and Trends
FY2024 Government Funding Update
The first deadline of the current two-tiered Continuing Resolution (CR) is Friday, March 1, 2024.
CMF Quote of the Week: Feb. 22, 2024
“Single-family rent growth should remain in the range of about 2% to 4% for 2024.”
–Molly Boesel, Principal Economist for CoreLogic.
CoreLogic: Single-Family Rental Prices Up 2.8% in December
CoreLogic, Irvine, Calif., found single-family rent growth was consistent with pre-pandemic trends in December, with a 2.8% increase year-over-year.
Bank Multifamily Asset Quality to Deteriorate Amid Higher Refi Rates: Fitch
Fitch Ratings, New York, said it expects banks’ asset-quality metrics to deteriorate for certain U.S. multifamily loans as borrowers will face elevated risks from higher refinancing rates and valuation pressures as loans mature over the next few years.
CBRE Forecasts Hotel RevPAR Growth, Fueled by Higher Rates, Stronger Demand
CBRE Hotels is forecasting hotel revenue per available room will continue to grow steadily this year, driven by improving group business, inbound international travel and traditional transient business demand.
Redfin: Investors Bought Bigger Share of Affordable Homes in Late 2023
Real estate investors bought just over 26% of the low-priced homes that sold in the fourth quarter–the highest share on record, according to Redfin, Seattle.
MISMO Partners with Federal Housing Agencies to Launch New Work Group Focused on Building a New Servicing Data Standard
MISMO, the real estate finance industry’s standards organization, today issued a call for industry professionals to join a new development work group focused on creating a servicing data standard for Federal Housing Agency loans. The Federal Housing Agency Servicing Dataset workgroup effort is powered by Sagent.
Lisa Sun on Rediscovering Your Inner Child’s Confidence at #MBACREF24
SAN DIEGO–Why aren’t we as brave and confident as we were when we were kids?
CREF Policy Update Feb. 22: FHFA Announces Multifamily Property Insurance Symposium
Commercial and multifamily developments and activities from MBA important to your business and our industry.