More renters moved last year than in 2019, and many of them relocated to big cities, reported Yardi Matrix, Santa Barbara, Calif.
Category: News and Trends
Personnel News from Bellwether Enterprise, Walker & Dunlop
Bellwether Enterprise Real Estate Capital LLC, Cleveland, hired Kamara Green as National Director of Affordable Analytics and Sales.
CMF Briefs From Arbor, Colliers
Arbor, Uniondale, N.Y., launched a new Single-Family Rental Floating-Rate Permanent Financing specifically designed for SFR investors tailored around how SFR owners buy and sell properties within their portfolio.
MBA Seeks Nominations to Serve on COMBOG Committee by April 30
The Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) Nominating Committee seeks members’ recommendations for individuals to serve on the Board beginning this October in the Investor, Lender, Mortgage Banker and Servicer categories. This is an important process that determines the leadership for MBA’s commercial/multifamily membership.
Quote
“Companies seeking long-term leases will find that asking rents haven’t come down much, but overall concessions have increased. Those willing to get out in front of the full economic recovery can expect most landlords to be very accommodating.”–CBRE Global President of Advisory & Transaction Services Whitley Collins.
CMF News Briefs From HUD, Freddie Mac
HUD on Tuesday announced it is allocating $689,565,492 through the nation’s Housing Trust Fund for affordable housing.
Personnel News from Greystone, Merchants Capital
Greystone announced that Imran Ahmed joined the firm as a Senior Managing Director.
Dealmaker: Walker & Dunlop Arranges $56M for Ohio Adaptive Reuse
Walker & Dunlop, Bethesda, Md., arranged $55.5 million for Quarry Trails Apartments and Quarry Trails Townhomes and Flats, a 293-unit multifamily and 100-unit townhome project located within a decommissioned quarry in Columbus, Ohio.
Retail, Industrial Single Tenant Net Lease Cap Rates Reach New Lows
Cap rates for net lease retail and industrial assets reached record lows during the first quarter as investor demand for these properties reached “historic” levels, reported Boulder Group, Wilmette, Ill.
CMBS Delinquency Rate Falls Again
The commercial mortgage-backed securities delinquency rate fell once again in March and most CMBS rating actions were affirmations, analysts reported