CREF Policy Update June 30, 2022
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Single-Family Rent Growth Sees 13th Consecutive Record-Breaking Month
CoreLogic, Irvine, Calif., said U.S. single-family rent growth continued its hot streak in April, with prices up by 14 percent year-over-year for the thirteenth consecutive month of record-breaking annual gains.
Freddie Mac Multifamily Investment Index Drops
Freddie Mac, McLean, Va., said multifamily market investment conditions deteriorated in the first quarter as price appreciation and rising mortgage rates more than offset net operating income growth.
Dealmaker: Fantini & Gorga Arranges $44M
Fantini & Gorga, Needham, Mass., placed $38 million in permanent financing on Country Glen Apartments, a 324-unit multifamily community on 30 acres in Groton, Conn.
CMF People in the News June 30, 2022
Personnel News from JLL, GPARENCY and Newmark.
Hot Small-Cap Commercial Real Estate Market Shows Signs of Cooling
Boxwood Means LLC, Stamford, Conn., reported the robust growth in small-cap commercial real estate investments grew sluggish during the first quarter after record-breaking property sales and soaring prices last year.
The MBA Home for All Pledge
The Mortgage Bankers Association recognizes and values opportunities for working together as an industry to promote inclusion in housing. We believe that these opportunities can, and need to be, significantly expanded.
CMBS Delinquency Rate Falls Sharply
Trepp LLC, New York, said the commercial mortgage-backed securities delinquency rate posted another large decline in May.
Commercial and Multifamily Briefs June 30, 2022
Enterprise Community Partners closed its Enterprise Housing Partners Fund XXXVIII (EHP 38), a $341.5 million Low-Income Housing Tax Credit fund.