Greystone announced that Imran Ahmed joined the firm as a Senior Managing Director.
Category: News and Trends
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
Chart of the Week: Value of CRE Construction
One of the most striking aspects of the COVID-19 pandemic’s impact on commercial and multifamily real estate has been the disparity in the ways different property types have been affected. MBA’s monthly CREF Loan Performance Survey continues to show the immediate and dramatic rise in delinquency rates among lodging and retail properties.
MBA Seeks Nominations to Serve on COMBOG Committee
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.
Risks to Affordable Multifamily Housing Remain Despite Stimulus
Fitch Ratings, New York, said rental assistance provided under the American Rescue Plan will help renters and multifamily property landlords, but the extent to which the ARP can keep delinquencies low is uncertain, as the amount of unpaid back rent is difficult to estimate due to lack of data.
Quote
“Cap rate compression for retail and industrial assets can be best attributed to investor demand for secure cash flow streams.”
–Boulder Group President Randy Blankstein.
MBA: March Commercial/Multifamily Mortgage Delinquencies Fall for 3rd Straight Month
Delinquency rates for mortgages backed by commercial and multifamily properties decreased again in March, reaching the lowest level since the onset of the COVID-19 pandemic, according to the Mortgage Bankers Association’s latest monthly MBA CREF Loan Performance Survey.
Dealmaker: Marcus & Millichap Arranges $116M for Multifamily
Marcus & Millichap arranged $116 million in financing for multifamily assets in Alabama, Colorado and New York.