After a record-shattering 2021, the housing market has reached an inflection point, according to the Harvard Joint Center for Housing Studies, Cambridge, Mass.
Category: News and Trends
Multifamily Rent Growth Climbing
Momentum surrounding multi-housing rent growth has continued in 2022 and currently outpaces inflationary growth, reported JLL Capital Markets, Chicago.
Net Lease Retail, Office Cap Rates Expand
The Boulder Group, Wilmette, Ill., said single-tenant retail and office net lease cap rates increased slightly in the second quarter as interest rates and inflation increased.
Dealmaker: Institutional Property Advisors Brokers $47M Arizona Multifamily Sale
Institutional Property Advisors, Ontario, Calif., sold Port Royale, a 252-unit multifamily property in Sierra Vista, Ariz., for $46.5 million.
CREF Policy Update July 7, 2022
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
CMF People in the News July 7, 2022
Greystone, New York, appointed Hafize Gaye Erkan its Chief Executive Officer effective immediately. Her executive responsibilities will commence in September.
Quote
“Multi-housing market fundamentals are exceptionally strong, and the relatively shorter nature of leases is a favorable attribute in an environment of higher inflation, which allows properties the ability to mark-to-market on an annual basis versus other asset types.”
–JLL Senior Managing Director Roberto Casas.
Hot Small-Cap Commercial Real Estate Market Shows Signs of Cooling
Boxwood Means LLC, Stamford, Conn., reported the robust growth in small-cap commercial real estate investments grew sluggish during the first quarter after record-breaking property sales and soaring prices last year.
Single-Family Rent Growth Sees 13th Consecutive Record-Breaking Month
CoreLogic, Irvine, Calif., said U.S. single-family rent growth continued its hot streak in April, with prices up by 14 percent year-over-year for the thirteenth consecutive month of record-breaking annual gains.
Commercial and Multifamily Briefs June 30, 2022
Enterprise Community Partners closed its Enterprise Housing Partners Fund XXXVIII (EHP 38), a $341.5 million Low-Income Housing Tax Credit fund.