Berkadia arranged the $30.6 million sale and financing for Turtle Creek Apartment Homes, a 232-unit garden-style apartment community 15 miles north of downtown Tampa, Fla. Managing Director Jason Stanton from …
Category: News and Trends
Life Insurance Commercial Mortgage Return Index Surges
Commercial mortgage investments held by life insurance companies posted a 4.58 percent total return in the second quarter, a major reversal from the first quarter’s negative 1 percent return, said Trepp LLC, New York.
MBA: Pandemic Takes Aim at Commercial, Multifamily Mortgage Delinquency Rates
The coronavirus pandemic had a “dramatic and immediate impact” on delinquency rates for some mortgages backed by commercial and multifamily properties in the second quarter, although most continued to perform well, the Mortgage Bankers Association said today in two reports.
COVID is Accelerating CRE Trends
Kroll Bond Rating Agency, New York, said the COVID-19 pandemic accelerated many commercial real estate trends already in progress.
Longer-Term Challenges to Multifamily Risk Outlook Emerge
The multifamily sector made it through the first half of the year with less turmoil as some anticipated. But the pandemic could create longer-term challenges for the sector, said Phoenix American, San Rafael, Calif.
Dealmaker: Phillips Realty Capital Secures $63M for Texas Multifamily
Phillips Realty Capital, Bethesda, Md., secured $63.2 million for a Class A Plano, Texas multifamily property.
CRE at a Crossroads
The coronavirus pandemic has put commercial real estate “at a crossroads,” said Yardi Matrix, Santa Barbara, Calif.
Office Outlook ‘Opaque’
Reonomy, New York, said the office sector has avoided the worst of the recession, largely due to underlying characteristics including tenant diversification and longer-term leases. But it called the sector’s outlook “opaque.”
Top 10 Ways to Engage with MBA CREF
It’s that time of year again. The annual renewal invoices for your trade association memberships arrive. You think about how you leveraged memberships over the past year but it’s likely that your company could have done more to get the most out of it.
Insurance Quotes and Coverages: A Conversation with CWCapital’s George O’Neil III and Harbor Group’s Emily Rasmussen
MBA CREF Associate Director Kelly Hamill interviewed Emily Rasmussen, Managing Director of Business Strategy with Harbor Group Consulting, and George O’Neil III, Managing Director with CW Financial Services LLC, about the insurance market during the coronavirus pandemic.