Multifamily rent growth was virtually flat in July, but the multifamily market remained healthy overall, YardiMatrix and Axiometrics reported.
Category: News and Trends
Fitch: U.S. Banks’ Earnings and Loan Growth ‘Positive but Muted’
Another season of bank quarterly earnings has come and gone. Fitch Ratings, New York, said second-quarter results for U.S. banks underscored existing trends with earnings and loan growth “broadly positive but still muted.”
Transwestern: Foreign Property Tax Act Repeal Could Boost U.S. CRE Investment
Repealing the Foreign Investment in Real Property Tax Act could significantly boost foreign investment in U.S. real estate, Transwestern Chief Investment Officer Tom McNearney and others say.
Commercial/Multifamily Briefs
Freddie Mac, McLean, Va., priced a Structured Pass-Through Certificates (K Certificates) offering backed by floating-rate multifamily mortgages with ten-year terms.
Cushman & Wakefield: ‘Restrained’ First Half
Transaction activity picked up in the second quarter in absolute terms–volumes increased 7 percent quarter-over-quarter–and relative to 2016, reported Cushman & Wakefield, New York.
HUD: ‘Worst-Case’ Housing Needs Increasing
The number of very poor unsubsidized families struggling to pay rent–and who may also be living in substandard housing–increased between 2013 and 2015, reported HUD, Washington, D.C.
CREF Highlights
Commercial and multifamily developments and activities relevant to your business and our industry.
MBA Chart of the Week: Year-Over-Year Contributions to Commercial Property Price Changes
Commercial property prices are a function of the net income generated by the property and the capitalization (cap) rate.
Small-Cap CRE Market Advances at a Slower Pace
While small-cap commercial real estate market conditions improved during the second quarter, evidence suggests the market is nearing a peak, reported Boxwood Means, Stamford, Conn.
Commercial/Multifamily Briefs
TH Real Estate closed and committed 43 transactions totaling $3.8 billion in first-half 2017. The investments across the U.S. and United Kingdom covered the industrial, office, retail and multifamily/student housing sectors.
