CMF Newslinks Archive

“Income [as opposed to property appreciation] is expected to account for $4 out of every $6 of total returns in 2018, $5 of every $6 of total returns in 2019 and for all of the positive contribution to returns in 2020. But even with some of the recent economic uncertainty, investors see commercial real estate incomes remaining strong.”–MBA Vice President for Commercial Real Estate Research Jamie Woodwell.

“Autonomous vehicles may have the greatest impact on U.S. real estate markets since mass adoption of the car and expansion of the federal highway system.”–CBRE Senior Vice President of Digital Enablement and Technology David Eisenberg.

“Commercial and multifamily mortgage delinquency rates are extremely low right now. The delinquency rate for loans held on bank balance sheets set a new series low, and delinquency rates for loans held by life companies or guaranteed by Fannie Mae and Freddie Mac are all below 10 basis points.”–MBA Vice President for Commercial Real Estate Research Jamie Woodwell.

“Rising interest rates took some wind out of the market’s sails…The [commercial mortgage-backed-securities] and bank lending markets were the hardest hit. Meanwhile, lending backed by multifamily properties and for the government-sponsored enterprises continued to grow.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“Because inflation has remained in line with the Federal Reserve’s target of 2.0 percent, consumer and business confidence should keep the office market healthy well into 2019.”–Transwestern Research Director Ryan Tharp.

“Commercial real estate finance markets are on pace to match last year’s record volumes of borrowing and lending. Property incomes and values continue to grow, albeit at slower paces than previous years, and the amount of capital looking to be placed in real estate and debt remains robust. We anticipate that much of the momentum seen this year will carry on into 2019.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“Institutional real estate portfolios delivered solid investment returns in 2017. Returns continue to outperform expectations, which is likely contributing to the increase we are seeing in investor conviction. This has in turn led to an acceleration in transaction volumes and capital deployment across regions.”–Hodes Weill & Assocs. Managing Partner Douglas Weill.

“The Capital Council is designed to be a valuable resource for those who shape and influence decisions on commercial real estate finance investment committees. I encourage MBA members with an interest in developing business relationships and sharing their insights with key decision-makers in the commercial real estate finance industry to join and add their voice to the conversation.”–MBA President and CEO Robert D. Broeksmit, CMB.

“The passing of the Tax Reform and Jobs Act in December that doubled the standard deduction and cut the deductibility of state and local taxes reduced the incentive to buy a home. This has helped the apartment market, especially in high-taxed localities.”–Barbara Byrne Denham, Senior Economist with Reis, New York.

“Although exact effects of the new trade deal remain to be seen, it appears that the [United States-Mexico-Canada Agreement] will generally support property market demand.”–From a CBRE special report, Revised NAFTA Should Benefit U.S. Real Estate.