CREF Highlights

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

Multifamily Sector Showing Stability

“Steady as she goes” could be the multifamily sector’s mantra. Analysts report stable apartment vacancy and rent growth rates in the first quarter.

Office Vacancies Drop Ahead of Expected Supply Wave

The office market remains broadly in an “expansionary” mode, with tenants driving 14 million square feet of net absorption in the first quarter, reported JLL, Chicago.

Commercial/Multifamily Briefs

Freddie Mac, McLean, Va., closed a Low-Income Housing Tax Credit fund with nonprofit equity syndicator CAHEC, Raleigh, N.C., and initiated several investments within the fund.