“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.
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.
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.
Enterprise Community Partners closed its Enterprise Housing Partners Fund XXXVIII (EHP 38), a $341.5 million Low-Income Housing Tax Credit fund.
Personnel News from JLL, GPARENCY and Newmark.
Freddie Mac, McLean, Va., said multifamily market investment conditions deteriorated in the first quarter as price appreciation and rising mortgage rates more than offset net operating income growth.
Cushman & Wakefield, New York, said brick and mortar stores will remain a crucial part of the retail sector even if e-commerce grows.
Fantini & Gorga, Needham, Mass., placed $38 million in permanent financing on Country Glen Apartments, a 324-unit multifamily community on 30 acres in Groton, Conn.
JLL, Chicago, reported port markets are emerging as the best bet for industrial real estate investors to place capital due to their positive rental growth profile.
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
