Multifamily lenders provided a record $487.3 billion in new apartment buildings with five or more units, the Mortgage Bankers Association reported Tuesday.
Last Wednesday, the Treasury Department announced new guidance that will give state, local, and tribal governments more flexibility to use COVID-19 State and Local Fiscal Recovery Funds to finance affordable housing.
As the number of weather-related disasters increases, states have implemented a range of requirements and incentives to mitigate their impact on federal Low-Income Housing Tax Credit properties, reported Freddie Mac, McLean, Va.
The multifamily market produced exceptional rent growth in the first half of 2022, driven by robust household formation, strong employment growth and households getting frozen out of homeownership, said Yardi Matrix, Santa Barbara, Calif.
CBRE, Dallas, said office rental trends indicate a “flight to quality” playing out across 12 major U.S. markets as companies adapt their workplaces for hybrid work.
Net leased investment brokerage form The Boulder Group, Wilmette, Ill., sold a single-tenant net leased Pick ‘n Save property in Milwaukee, Wis. for $20 million.