Commercial/Multifamily Briefs from Green Street, Freddie Mac

Green Street Adds U.S. Sales Comps Coverage
Green Street, Newport Beach, Calif., added U.S. Sales Comps to its web-based intelligence and analytics platform. Green Street’s U.S. Sales Comps provides accurate and comprehensive coverage of transactions valued at $5 million and up, plus proprietary macro, sector and market analytics.

“We have been making significant investments in the business to expand our actionable insights for clients,” said Green Street CEO Jeffry Stuek Jr. “Green Street is committed to investing in advanced data/analytics and product innovation to execute our vision of offering the single most powerful, user-friendly and integrated platform in the industry.”

Freddie Mac Prices First Multifamily When-Issued K-Deal

Freddie Mac, McLean, Va., priced a new offering of Multifamily WI K-Deal Certificates (WI Certificates), which are initially backed by cash assets that will be used to purchase the A-M class of a to-be-issued reference K-Deal.

Once the reference K-Deal class is issued and purchased by the WI trust, the WI Certificates will be indirectly backed by a pool of fixed-rate multifamily mortgages with predominantly 10-year terms. The company said it expects to issue $170 million in WI Certificates (Series WI-K132), which should settle on or about September 28.

“The WI K-Deal program gives investors a new way to gain exposure to our bonds prior to K-Deal issuance while also helping Freddie Mac Multifamily reduce risk and further optimize our executions,” said Robert Koontz, senior vice president of Capital Markets for Freddie Mac Multifamily.