JLL Valuation Advisory hired structured finance specialist John Oates to join its Renewable Energy Valuation team as a Managing Director based in Tampa, Fla.
Category: News and Trends
Commercial/Multifamily Briefs Sept. 16, 2021
Freddie Mac, McLean, Va., priced a new offering of Structured Pass-Through K Certificates backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms.
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“Delinquency rates for mortgages backed by commercial and multifamily properties have broadly improved in recent months as the U.S. economy continues to heal from the COVID-19 pandemic. Performance is still property-type dependent, with the properties that saw the most immediate and dramatic impacts from the pandemic–lodging and retail–still experiencing considerably more stress than others but showing improvement.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.
MBA, Trade Groups, MAA Urge Congress to Support Section 1031 Like-Kind Exchanges, Industry Tax Priorities
Ahead of committee action in Congress this week on major infrastructure and economic legislation, the Mortgage Bankers Association and more than three dozen industry trade groups, as well as MBA’s grassroots advocacy arm, the Mortgage Action Alliance, urged senators and representatives to support and defend the real estate finance industry’s tax priorities.
ULI: Broadband Can Improve Real Estate Development
The real estate industry can boost property values and combat inequality by improving broadband access, said the Urban Land Institute, Washington, D.C.
Trepp CRE Survey Finds Mix of Hope, Concern
Commercial real estate executives have a partly sunny outlook about the U.S. economy and CRE fundamentals but report some structural concerns, said Trepp LLC, New York.
Dealmaker: Berkadia Secures $86M for Virginia Multifamily Property
Berkadia secured an $86 million loan to refinance Meridian at Braddock Station, a 480-unit high-rise multifamily property in Alexandria, Va.
Real Estate Investment Trusts Poised For Recovery
S&P Global Ratings, New York, said real estate investment trust earnings rebounded significantly in the second quarter, demonstrating the sector is on the right path for a solid comeback.
Many Markets See Commercial Real Estate Values Return to Pre-Pandemic Levels
Commercial real estate values have returned to pre-pandemic levels in many U.S. markets, continuing a recovery that began at year-end 2020, said CBRE, Dallas.
Commercial/Multifamily Briefs From Walker & Dunlop, S&P Global Ratings
Walker & Dunlop, Bethesda, Md., agreed to acquire Alliant Capital Ltd. and its affiliates, Alliant Strategic Investments and ADC Communities.