The real estate industry should adopt health and social equity practices and promote those already in existence, said the Urban Land Institute, Washington. D.C.
Category: News and Trends
The Wonder Years: Freddie Mac’s K Series Turns 11
Every once in a while, a new technology, an old problem, and a big idea turn into an innovation. – Dean Kamen
CMBS Special Servicing Rate Slips, Issuance Could Bounce Back in 2021
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate inched down in October after peaking in September.
Full Hotel Recovery Unlikely Until 2024
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., slightly upgraded their final 2020 U.S. hotel forecast, but called full recovery in revenue per available room “unlikely” until 2024.
Dealmaker: JLL Secures $114M for Office, Industrial
JLL Capital Markets, Chicago, secured $114.3 million in financing for office and industrial assets in six markets.
Life Insurers’ Commercial Mortgage Returns Stabilize, Credit Concerns Remain
Trepp, New York, said returns for life insurance commercial mortgages stabilized in the third quarter, but noted credit concerns remain.
Generation Z Renters Moving On Up
More young adults are returning to the rental market, reported Zillow, Seattle.
Quote
“One promising sign has been the re-emergence of quotes from alternative lenders in recent weeks, a source of capital for value-add properties and distressed situations.”–Brian Stoffers, CMB, Global President of Debt & Structured Finance for Capital Markets at CBRE.
Single-Family Rents Bounce Back
CoreLogic, Irvine, Calif., said single-family rent growth gained strength in September but remains below pre-pandemic rates.
FHFA Sets $70 Billion 2021 GSE Multifamily Loan Purchase Caps
The Federal Housing Finance Agency on Tuesday announced 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac at $70 billion for each Enterprise, totaling $140 billion in support to the multifamily market.