Berkadia, New York, said the multifamily market remains healthy despite weakening fundamentals, capital markets uncertainty, persistent inflation and recession rumors.
Tag: Berkadia
CMF Quote of the Week: Feb. 23, 2023
“The more we can help owners derive value from all available public subsidy sources, the farther private capital will actually go toward developing new affordable housing.”
–David Leopold, Senior Vice President and Head of Affordable Housing with Berkadia.
Dealmaker: Berkadia Arranges $58M Construction Loan in Miami
Berkadia, New York, arranged $57.5 million in construction financing for Fourteen Residences Allapattah, a two-tower, 237-unit Miami apartment community.
Multifamily Professionals See Increased Demand in Second Half
The multifamily market is seeing increased demand despite rising rent and interest rates, reported Berkadia, New York.
CRE People in the News Aug. 11, 2022
Personnel News from Berkadia and JLL Valuation Advisory.
Personnel News from Berkadia, JLL
Berkadia added Senior Managing Director Sabrina Solomiany, who will lead the firm’s newest specialty group, Medical & Life Sciences from the firm’s Atlanta office.
Personnel News From MTRCC, Cushman & Wakefield, Berkadia
Christine Chandler, Chief Credit Officer and Chief Operating Officer with M&T Realty Capital Corp., Baltimore, was named a 2022 Woman of Influence by GlobeSt.com.
Jeff Coles of Berkadia on Single-Family Rental/Build-for-Rent Markets
Jeff Coles is Vice President of Institutional Client Services with Berkadia, Washington, D.C. He partners with Dori Nolan, Senior Vice President of Client Services, to grow Berkadia’s relationships with current and new institutional investor clients.
Quote
“Currently, the single-family rental and build-for-rent spaces are very much in their adolescence, especially in comparison to traditional multifamily. This takes the form of fewer market players and many large players in the capital markets still sitting on the sidelines.”
–Jeff Coles, Vice President of Institutional Client Services with Berkadia.
Single-Family Rent Growth Hits One-Year Record High in March
CoreLogic, Irvine, Calif., said U.S. single-family rent price growth continued its record pace in March, up 13.6 percent from one year earlier.