The Lede
Top National News
Highland Capital Is Close to $300 Million Rental-Home Deal
Bloomberg, Sept. 7, 2018--Patrick Clark, Gillian TanHighland Capital Management LP, the asset manager founded by Jim Dondero and Mark Okada, is under contract to buy a portfolio of single-family rental homes managed by VineBrook Partners LLC for more than $300 million, according to people with knowledge of the deal.
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Rental Glut Sends Chill Through the Hottest U.S. Housing Markets
Bloomberg, Sept. 7, 2018--Prashant GopalRenters are gaining the upper hand in urban centers across the U.S. as new amenity-rich apartment buildings constructed in response to big rent gains in previous years are forced to fight for customers.
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Trade Groups Make New Push on GSE Reform
National Mortgage Professional, Sept. 5, 2018--Phil HallA coalition of housing, mortgage financial services trade organizations issued a public letter to the Trump Administration and congressional leaders asking that reform efforts involving the government-sponsored enterprises be given a new degree of priority.
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The Government May Want to Buy Your Dying Mall
Wall Street Journal, Sept. 11, 2018--Esther Fung (subscription)These municipalities, concerned that vacated retail centers will blight the landscape and drag down surrounding property values, have been buying up malls they fear are being starved of capital by the private sector.
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RealPage Completes $100 Million Acquisition of LeaseLabs
HousingWire, Sept. 11, 2018--Ben LaneThe acquisition of LeaseLabs is just the latest for RealPage, a provider of software and data analytics to the real estate industry. This is RealPage's sixth since January 2017 and pushes the company's total outlay for its recent expansion past $1 billion.
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New York’s World Trade Center Struggles to Fill Office Space
Wall Street Journal, Sept. 11, 2018--Peter Grant (subscription)Nearly 20 percent of One World Trade Center remains empty four years after it opened.
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Dealmaker of the Week
People in the News
News and Trends
MBA Chart of the Week: Commercial/Multifamily Delinquency Rates Since 1996
It is hard to overstate how low commercial and multifamily mortgage delinquency rates are today.
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Small-Balance Market Shows Resilience
Despite pressure from rising interest rates, valuations on properties securing small-balance multifamily loans have shown clear resilience, said Arbor and Chandan Economics.
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Strong Outlook, Abundant Capital in Multifamily Sector
Strong market fundamentals, an abundance of capital and an influx of investors continue to propel the multifamily market, said Real Capital Markets, Carlsbad, Calif.
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On Anniversary of GSE Conservatorship, MBA, Trade Groups Issue ‘Open Letter’ to Administration, Congress on GSE Reform
The Mortgage Bankers Association and nearly 30 trade groups representing the real estate finance industry and community groups took the extraordinary step of publishing an Open Letter to the Trump Administration and Congress, urging them to step up efforts to reform the secondary housing market.
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CMBS Delinquency Rate Drops, Loss Severities Increase
The commercial mortgage-backed securities delinquency rate fell again in August for the sixth consecutive month, but large loans liquidated with high loss severities drove up the second quarter's loss severity figure, analysts said.
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Sizzling Industrial Sector Could Face Headwinds
Industrial real estate's record-strong fundamentals remain in place, but the sector could see some future headwinds including labor shortages and tariffs, analysts say.
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MBA Chart of the Week: Commercial/Multifamily Delinquency Rates Since 1996
It is hard to overstate how low commercial and multifamily mortgage delinquency rates are today.
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On Anniversary of GSE Conservatorship, MBA, Trade Groups Issue ‘Open Letter’ to Administration, Congress on GSE Reform
The Mortgage Bankers Association and nearly 30 trade groups representing the real estate finance industry and community groups took the extraordinary step of publishing an Open Letter to the Trump Administration and Congress, urging them to step up efforts to reform the secondary housing market.
Full Story
MBA Chart of the Week: Commercial/Multifamily Delinquency Rates Since 1996
It is hard to overstate how low commercial and multifamily mortgage delinquency rates are today.
Full Story
On Anniversary of GSE Conservatorship, MBA, Trade Groups Issue ‘Open Letter’ to Administration, Congress on GSE Reform
The Mortgage Bankers Association and nearly 30 trade groups representing the real estate finance industry and community groups took the extraordinary step of publishing an Open Letter to the Trump Administration and Congress, urging them to step up efforts to reform the secondary housing market.
Full Story
Commercial/Multifamily Briefs
BridgeCore Capital, Beverly Hills, Calif. commenced operations providing private bridge financing for commercial and non-owner-occupied residential properties throughout California.
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