Commercial/Multifamily Briefs From Colliers, Freddie Mac, Fannie Mae

Colliers Partners with Blue Skyre for Facilities Management Advisory Offering
Colliers announced a partnership with Blue Skyre IBE LLC to grow its facilities management advisory offering.

Under the agreement, Blue Skyre will co-brand as a Colliers Global Strategic Partner to jointly deliver facilities management advisory and consulting services. Blue Skyre has significant facilities management expertise and experience with Fortune 500 clients.

Blue Skyre Co-Founder and CEO Maureen Ehrenberg will become an advisor to Colliers’ Occupier Services leadership team, working with Colliers CEO of Occupier Services Scott Nelson

Freddie Mac Prices $327 Million Sustainability Bonds Offering
Freddie Mac, McLean, Va., priced a new offering of credit risk transfer securities backed by Tax-Exempt Loans made by state and local housing agencies and secured by affordable rental housing.

The offering represented the company’s tenth ML Certificate offering. ML Certificates allow invest in predominantly tax-exempt securities supported by pools of TELs and Taxable Loans secured by completed, occupied and stabilized affordable housing properties. In this case, the company said it expects to guarantee $327 million in fixed-rate ML certificates supported by a pool of fixed-rate TELs.

The ML-10 Certificates are designated as “sustainability bonds” within Freddie Mac’s Sustainability Bonds Framework. The proceeds will be used to finance multifamily properties that (a) finance affordable housing to low-to-moderate-income families, (b) may have features, or are located in areas, that further economic opportunity for residents and (c) may include certain environmental impact features.

Jefferies LLC and Wells Fargo Securities LLC served as Lead Manager and Bookrunners. Bancroft Capital LLC, J.P. Morgan Securities LLC, Piper Sandler & Co. and Stifel, Nicolaus & Co. Inc. co-managed the process and S&P Global Ratings served as the rating agency.

Fannie Mae Prices $879M Green Multifamily DUS REMIC
Fannie Mae, Washington, D.C., priced an $879 million Green Multifamily Delegated Underwriting and Servicing real estate mortgage investment conduit under its Fannie Mae Guaranteed Multifamily Structures program on June 16, 2021. FNA 2021-M2G marked the seventh Fannie Mae GeMS issuance of 2021.

“The M2G was our second GeMS deal of the year that is backed by our Green MBS collateral, and the first since 2017 backed entirely by collateral holding a Fannie Mae-recognized Green Building Certification,” said Dan Dresser, Senior Vice President of Multifamily Capital Markets & Pricing with Fannie Mae.