Enterprise Community Partners, Columbia, Md., named Shaun Donovan its new CEO and President, effective Sept. 1.
Category: News and Trends
Fed Keeps Rates Steady But Options Open
The Federal Open Market Committee held rates steady at its June meeting but kept its options open for July and later this year.
Dealmaker: Eastern Mortgage Capital Funds $41M Loan for Florida Apartments
Eastern Mortgage Capital, Burlington, Mass., provided $40.5 million in permanent financing for Vantage St. Pete, a 211- unit mid-rise apartment community in St. Petersburg, Fla.
Apartment Occupancy Solid in May, Continues Steady 2023
Apartment occupancy is holding steady year-to-date so far in 2023, with May’s apartment occupancy rate at 94.7%–and flat from April, RealPage, Richardson, Texas, reported.
FHFA Issues 2022 Report to Congress
The Federal Housing Finance Agency released its 2022 Report to Congress last week.
MBA Education Names Rodrigo Lopez, CMB, to Head the Commercial/Multifamily Future Leaders Program
MBA Education announced Rodrigo Lopez, CMB, Chairman of AmeriSphere Companies and MBA’s 2017 Chairman, will lead its Commercial/Multifamily Future Leaders Program beginning October 17, 2023.
STR, TE Lift Hotel Forecast
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., upgraded their hotel sector forecast for the rest of 2023.
Commercial/Multifamily Briefs June 22, 2023
Briefs from HUD, Boxwood Means, Fannie Mae and Enterprise Community Partners.
Deadline June 23: MISMO Seeks Nominations For Commercial Standards Governance Committee Members
MISMO®, the real estate finance industry’s standards organization, is seeking nominations for qualified industry professionals to serve on MISMO’s Commercial Standards Governance Committee for a term ending on December 31, 2024. Nominations will be accepted until 8:00 PM ET on Friday, June 23, 2023.
CMF Quote of the Week: June 22, 2023
“It is not surprising that the FOMC held rates steady at its June meeting but kept their options open for July and later this year. Nevertheless, we expect that the Fed is at the top of its rate hiking cycle.”
–MBA Senior Vice President and Chief Economist Mike Fratantoni.