The U.S. commercial mortgage-backed securities delinquency rate decreased nine basis points to 2.19% in March, according to Fitch Ratings, New York.
Category: News and Trends
RealPage Q1 Apartment Results: Supply Side Dominates Story
RealPage, Richardson Texas, reported that a major influx of apartment supply is continuing to temper rent and occupancy figures in the quarter.
MISMO Seeks Public Comment on Mortgage Compliance Dataset
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on a new Mortgage Compliance Dataset (MCD) specification.
Urban Land Institute: 2024 Will Continue to See Challenges, but Optimism Ahead
The Urban Land Institute, Washington, released its Real Estate Economic Forecast for Spring 2024. Among the major takeaways–while 2024 is seeing a solid economy, high interest rates continue to weigh on the industry.
Survey Finds Life Sciences Incubators Anticipate Gains in Funding, Locations
Most U.S. life sciences incubators anticipate that their funding will increase over the next five to 10 years–and 63% expect to open additional locations–according to a new survey from CBRE, Dallas.
Dealmaker: Dwight Capital, Dwight Mortgage Trust Close Multiple Deals
Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, announced a number of deals in March.
CMF Quote of the Week: April 11, 2024
“Cap rates in the first quarter of 2024 represented the highest levels since 2014 for single-tenant retail properties.”
–Boulder Group President Randy Blankstein
CMBS Special Servicing Rate Jumps: Trepp
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate jumped 17 basis points in March to 7.31%.
CREF Policy Update April 11: HUD Enacts New Rent Control on LIHTC-Financed Properties
Commercial and multifamily developments and activities from MBA important to your business and our industry.
U.S. Adds 303,000 Jobs in March
Total nonfarm payroll employment grew by 303,000 in March, per the U.S. Bureau of Labor Statistics.