CBRE: Looming Multifamily Oversupply Likely Short-Lived

CBRE, Dallas, said delivery of a near-record 716,000 new multifamily units over the next two years will create a short-term oversupply, but noted the new supply will keep long-term fundamentals healthy.

#MBACREF23: Multifamily Leadership Perspectives

SAN DIEGO–Senior government executives visited the MBA Commercial/Multifamily Finance Convention & Expo 2023 to discuss their successes and challenges, including how to increase the national supply of affordable housing.

MBA Chart of the Week Feb. 3, 2023: Multifamily Construction/Vacancies

At the end of this week, many of us will begin our annual migration to San Diego and to MBA’s Commercial/Multifamily Finance Convention & Expo (CREF23). There will be no lack of topics to discuss – from return to the office, to the return of retail, and interest in cap rates to interest rate caps.

Multifamily Completions Jump; Rents Stall

Yardi Matrix, Santa Barbara, Calif., said multifamily construction reached a 50-year high, with 420,000 new apartments expected to deliver nationwide this year.

Dealmaker: Capital One Closes $30M Virginia Refinance

Capital One, McLean, Va., provided $29.4 million in financing to Fairfield Residential, San Diego, Calif., to renovate Grand Oaks Apartment Homes, a 216-unit affordable housing community in Chester, Va.