Category: News and Trends

The affordable housing sector’s vacancy rate remained tight at 2.0 percent for the third consecutive time in the second quarter, reported Reis, New York.

Greystar Real Estate Partners, New York, acquired student housing developer, owner and manager EdR, Memphis, Tenn.

Legacy debt resolutions and brisk new loan securitizations sharply lowered the commercial mortgage-backed securities delinquency rate in August, said Trepp, New York.

The hotel sector recorded positive results in its three key performance metrics during August even as guestroom supply continued to grow, sector analysts say.

Rents for U.S. single-family rental properties increased 3 percent year-over-year in July, up from a 2.7 percent pace a year ago, reported CoreLogic, Irvine, Calif.

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

Cost escalation represents the biggest challenge commercial real estate developers will face over the next five years, said Altus Group Limited, Toronto.

Buoyed by a strong economy and continued healthy demand, the average U.S. apartment rent rose $2 in August to $1,412, up 3.1 percent year-over-year, reported Yardi Matrix, Santa Barbara, Calif.

Fannie Mae, Washington, D.C., priced its eighth multifamily Delegated Underwriting and Servicing real estate mortgage investment conduit this year, totaling $857.2 million.

The appetite for seniors housing remains strong, with nearly two-thirds of investors planning to increase their portfolios over the next 12 months, said CBRE, Los Angeles.