RealPage, Richardson, Texas, found most markets across the country are seeing month-over-month apartment occupancy improvements.
Category: News and Trends
Dealmaker: Berkadia Secures $400M Construction Loan for The Residences at Six Fisher Island
Related Group, Teddy Sagi and BH Group received a $400 million construction loan for The Residences at Six Fisher Island from Madison Realty Capital.
CREF Policy Update: MBA Urges HUD to Fix NSPIRE
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial/Multifamily Briefs, June 27, 2024
Industry news in the commercial and multifamily space from Covius, CBRE and Markerr.
CMF Quote of the Week: June 20, 2024
“The amount of commercial mortgage debt outstanding increased in the first quarter of 2024, despite slow mortgage originations activity.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research.
Yardi Matrix Anticipates Minimal Rent Growth for Second Half of Year
Yardi Matrix, Santa Barbara, Calif., released its U.S. Multifamily Outlook for Summer 2024, finding that while multifamily performance continues to be strong, rent growth is likely to remain slow through the rest of the year.
MBA Urges HUD to Publish Notice About Ongoing Challenges With NSPIRE Protocol
The Mortgage Bankers Association asked HUD for assurance that servicers will not be held accountable for compliance with the new National Standards for the Physical Inspection of Real Estate (NSPIRE) system until it is “fully accessible and usable to each participant.”
CoreLogic: U.S. Single-Family Rents Grew 3% in April
Single-family rents nationwide grew 3% year-over-year in April, CoreLogic, Irvine, Calif., reported, consistent with growth recorded over the past year.
Commercial and Multifamily Mortgage Debt Outstanding Increased in First Quarter: MBA
The level of commercial/multifamily mortgage debt outstanding increased by $40.1 billion (0.9%) in the first quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
TransUnion: Consumer Outlook Mixed in Q2
TransUnion, Chicago, released its Consumer Pulse Study for the second quarter, finding consumer concerns about inflation and interest rates have hit their highest levels in two years. However, more than half of Americans remain optimistic about their household finances over the next year.