Walker & Dunlop, Bethesda, Md., sold and financed The Moretti at Vulcan Park, a 135-unit apartment community in Birmingham, Ala.
Group Newslink: MBA Commercial/Multifamily NewsLink July 16
Rent Cuts Disappearing in Many Markets As Apartment Demand Rebounds
When COVID-19 hit in mid-March, apartment operators quickly cut rents as demand evaporated. Today leasing volumes are “surging” and rent cuts are quickly disappearing in many big U.S. metros, reported RealPage, Richardson, Texas.
Fitch Ratings: Coronavirus Sparks Largest-Ever CMBS Delinquencies Rate Jump
June saw the largest month-over-month increase in the commercial mortgage-backed securities delinquency rate in more than 15 years, reported Fitch Ratings, New York.