The Federal Housing Finance Agency released benchmark levels for Fannie Mae and Freddie Mac single-family housing goals for 2022 through 2024 and benchmark levels for multifamily housing goals for 2022.
Category: News and Trends
Earvin “Magic” Johnson to Speak at CREF22
Entrepreneur, philanthropist, NBA legend and two-time Hall of Famer Earvin “Magic” Johnson will speak at the Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo.
Multifamily Returns See Record Growth
SitusAMC, New York, reported multifamily investment returns grow in the third quarter as rents grew to record highs.
U.S. Office Transactions Overtake 2020 Volume; Vacancies Stable
Office sales completed through November exceeded $68 billion, surpassing last year’s total volume by 11 percent, reported Yardi CommercialEdge, Santa Barbara, Calif.
Dealmaker: Walker & Dunlop Completes $255M Florida Multifamily Sale
Walker & Dunlop, Bethesda, Md., completed the $255 million sale of The Landmark South, a 631-unit multifamily property in Doral, Fla., the 11th-fastest growing city in the U.S.
Hotel Performance Improving, But COVID-Variant Threat Persists
CBRE, Dallas, said average daily rate gains and a 35 percent year-over-year occupancy increase showed demand for U.S. hotels endured in Q3 despite the Delta variant.
CMBS Liquidation Volume Jumps
Commercial mortgage-backed securities liquidation volume bounced back after a pandemic-related pause, analysts said.
October Single-Family Rent Growth Triple 2020 Rate
CoreLogic, Irvine, Calif., said single-family rent growth reached 10.9 percent year-over-year in October, up more than three-fold from 3.2 percent a year ago.
CMF Briefs from CBRE, NewPoint Real Estate Capital, Brookfield
CBRE Group, Dallas, announced a $7.25 million commitment to combat climate change, improve educational and career development opportunities for racial minorities and disadvantaged populations and support community betterment efforts in its headquarters city.
Personnel News from Berkadia, Avison Young
Berkadia added Managing Director Matthew Nelson to its mortgage banking platform. He will be based in the firm’s New York office and will focus on growing Berkadia small loans across the Northeast.