Occupancy rates for single-family rental homes have reached a generational high, driving up SFR rent growth, two new reports said.
Category: News and Trends
CRE Lending Showing Resilience
The improving economy created a favorable capital markets environment for commercial real estate lending in early 2021 despite continuing challenges in office and retail loan underwriting, said CBRE, Dallas.
Seven Takeaways from MBA’s Affordable Rental Housing Summit
Significant affordability challenges exist across the country and the issue is a top priority for the Biden Administration. In April, the Mortgage Bankers Association virtually convened business and policy executives for a series of conversations on the 2021 affordable rental housing landscape. Here are some key takeaways from that event.
Commercial/Multifamily Briefs From Cohen & Steers, Fannie Mae
Cohen & Steers, New York, an investment manager specializing in real assets and alternative income, formed the Cohen & Steers Private Real Estate Group, a team purpose-built for private real estate investing.
CMBS Delinquencies Tick Up; Special Servicing Rate Drops
The commercial mortgage-backed securities delinquency rate and special servicing rate moved in opposite directions in April, two new reports said.
MBA Opens Doors Foundation Surpasses 7,000 Families helped, $10.3M in Grants During 10-Year Anniversary
The MBA Opens Doors Foundation announced it has now provided more than $10.3 million in rental and mortgage payment grants to more than 7,000 families.
MBA Chart of the Week: Cumulative Eviction Filings, 2020 Vs. Historical Average
On May 5, U.S. District Court Judge Dabney Friedrich issued an order vacating the U.S. Centers for Disease Control and Prevention’s national eviction moratorium, but also put a temporary pause on the order, meaning that (as of this writing) the CDC moratorium, which is scheduled to expire on June 30, remains in place. A number of state-level bans also remain.
DLA Piper: CRE Executives Becoming Bulls Again
Commercial real estate executives are once again bullish about the U.S. CRE market after an uncertain 2020, DLA Piper’s Global Real Estate Annual State of the Market Survey reported.
Dealmaker: Dwight Capital Finances $178 Million
Dwight Capital, New York, closed $178 million in financings for senior living, mixed-use and multifamily properties.
Hotel Analysts Upgrade Sector
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., upgraded their 2021 U.S. hotel sector forecast after seeing stronger than expected demand during the first quarter.