Avison Young Bolsters U.S. Capital Markets Platform with Addition of Executive Managing Director Marion...
Avison Young, a global real estate advisory firm, has appointed Marion Jones as Principal and Executive Managing Director of U.S. Capital Markets. She will the lead the firm’s capital markets strategy, driving growth and...
TruAmerica Multifamily Doubles Down on Value-Add and Build-For-Rent, While Launching a New Affordable Housing...
TruAmerica Multifamily, one of the nation’s leading multifamily investment firms, announced an expansion of its flagship team and business lines, along with the significant launch of a new Affordable Housing vertical. “These new investment strategies...
HUD Announces $150M Investment Toward Affordable Housing in Tribal Communities
The U.S. Department of Housing and Urban Development (HUD) announced $150 million in funding for new affordable and innovative housing in Tribal communities through the Indian Housing Block Grant (IHBG) Competitive Grant program. “Working with...
Bainbridge Welcomes Industry Leader Marcie Williams as Chief Strategy Officer
The Bainbridge Companies (Bainbridge) significantly enhanced its executive leadership team with the addition of Marcie Williams as Chief Strategy Officer. Based in Charlotte, North Carolina, Marcie Williams will oversee Bainbridge’s operations, brand, culture and growth....
Rent growth still in seasonal decline
Yardi Matrix reported that the national average asking apartment rent was down $4 in December compared to the revised level of the month before at $1,742 per month. The national average year-over-year asking apartment...
Strong employment growth seen in December
The Employment Situation Report from the Bureau of Labor Statistics stated that overall employment growth continued to be strong in December. In addition, the employment levels all 4 multifamily-related job categories we track showed...
CoStar: multifamily property prices continue rise
CoStar reported that its value-weighted index of multifamily property prices rose 1.4 percent month-over-month in November. However, this index was down 5.2 percent year-over-year. The month-over-month price movement reported by CoStar varies significantly from that...
Freddie Mac Multifamily Issued $56B in 2024 Securities
Freddie Mac (OTCQB: FMCC) issued $56 billion of securities through its multifamily risk transfer platform in 2024, transferring interest rate risk, liquidity risk and the majority of expected credit risk away from U.S. taxpayers...
Berkadia Secures $29.9M in Financing for Four Seniors Housing Communities in Three Different States
Berkadia, a leader in the commercial real estate industry, with Berkadia Seniors Housing & Healthcare, announced the financing of four seniors housing communities totaling $29.9 million located in Mississippi, Florida, and Indiana, with all...
Factors driving apartment demand and consumer sentiment
Last year’s surprising upside in apartment demand is expected to continue this year, even if the pace of absorption slows due to fewer new deliveries, said RealPage Chief Economist Carl Whittaker, who...
Rents in winter chill
The latest rent report from Apartment List shows that the national median monthly rent growth in December was -0.64 percent. Rents have fallen on a month-over-month basis since August 2024. Year-over-year rent growth was...
Multifamily starts forecast to rise starting in late 2025
Fannie Mae’s December housing forecast calls for multifamily housing starts to bottom out in mid-2025 and then to steadily increase through the rest of the forecast horizon. The forecast for single-family housing starts was revised...
Job openings higher again in November
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in November was 7.74 million. This was reported to be up 259,000...
Lion Real Estate Group Adds Hunter Heatly to Lead Asset Management Team for Nationally...
Lion Real Estate Group, LLC ("LREG"), a Dallas-headquartered real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, announced that Hunter Heatly is joining the firm as a Senior...
Multifamily CMBS delinquency rate continues climb in December
Trepp reported that delinquency rate for multifamily commercial mortgage-backed securities (CMBS) loans rose sharply again in December. The overall CMBS delinquency rate also rose, climbing another 17 basis points. Overall CBMS delinquency rate higher again For...
