Multifamily starts reported sharply lower
The Census Bureau’s new residential construction report stated that multifamily permits jumped higher in November but both starts and completions were sharply lower month-over-month.
Multifamily permits rebound
The number of permits issued for buildings with...
Newmark Arranges $525M Refinancing for Flexible Living Apartment Portfolio Operated by Sentral
Newmark Group, Inc., a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the completion of a landmark $525 million refinancing on behalf...
Construction materials prices up again in November
The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.3 percent month-over-month in November on a seasonally adjusted basis. In addition, the change in...
Fed backs off plans for interest rate cuts
The economic projections released by the Federal Open Market Committee (FOMC) after this week’s meeting indicate that they will be keeping interest rates higher for longer than they suggested in other recent projections. This...
Resolve to learn about CSRD
I love this time of year in multifamily. Things slow down (slightly) from the break-neck pace of the rest of the year and we get to take a moment to ponder where we are...
Yardi Matrix: expenses and income grow in tandem in affordable housing
On December 3, Yardi Matrix released its first-ever report on expense and income growth in the affordable housing sector. The report concludes that expenses and income have grown in tandem at above-level...
NAHB Power Hitters with Alan Scott
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Alan Scott, founder of NRP Group.
Transcript: NAHB Power Hitters interview. Linda Hoffman with Alan Scott recorded Thursday, March 2, 2023
(music)
Linda Hoffman: C.S....
Rent growth remains in autumn lull
The latest rent report from Apartment List shows that the national median monthly rent growth in November was -0.82 percent. Year-over-year rent growth was -0.62 percent. Rents have fallen on a year-over-year basis since...
Criminal investigation of RealPage dropped
RealPage announced Friday, December 6 that the U.S. Department of Justice (DOJ) notified them that the DOJ was dropping its criminal investigation of RealPage for its multifamily rental housing pricing practices. The civil suits...
Positive employment growth seen in November
The Employment Situation Report from the Bureau of Labor Statistics stated that overall employment growth bounced back in November after last month’s collapse. In addition, last month’s employment level was revised higher in this...
NAHB Power Hitters with Andrew Spencer
Yield PRO TV presents NAHB Power Hitters. Host Linda Hoffman talks with Andrew Spencer, VP, Residential of Peterson Companies.
Transcript: NAHB Power Hitters interview. Linda Hoffman with Andrew Spencer, recorded Thursday, February 16, 2023
(music)
Linda Hoffman:...
AION Partners and Vintage Strategies at Goldman Sachs Alternatives Announce $700M Recapitalization and New...
AION Partners, a national real estate owner and operator of workforce multifamily housing, has partnered with Vintage Strategies at Goldman Sachs Alternatives and a global institutional investor to recapitalize the AION 12 Portfolio of...
Berkadia Announces Over $60M of Loan Closings Across the Nation by Managing Director Jay...
Berkadia announced the financing of three seniors housing communities located in Washington, North Carolina, and California. Managing Director Jay Healy of Berkadia Seniors Housing & Healthcare secured the financings on behalf of the borrowers.
In...
Shower the people …
There is no question that winter is here, which makes hot showers even more glorious. I must really watch my timer to ensure that my shower time is reasonable and not indulgent. Maybe my...
Multifamily CMBS special servicing rate jumps in November
Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans moved higher for the fourth month in a row in November, jumping 116 basis points. The overall CMBS special servicing rate...
