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...
Growth in multifamily mortgage debt increases in Q3
The Mortgage Bankers Association (MBA) reported that multifamily mortgage debt outstanding rose by $29.83 billion in Q3 from the revised level of the quarter before. Total multifamily debt reached a level of $2.123 trillion....
MSCI: Only multifamily property prices fall in November
The latest commercial property price report from MSCI Real Capital Analytics said that multifamily property prices fell 0.3 percent from their level of the month before in November. Prices were down 5.7 percent from...
Analysts predict how multifamily will thrive in 2025
As we enter the New Year, analysts are peering into their crystal balls to predict how multifamily will thrive in 2025. Yardi Matrix sees the multifamily market poised for modest growth, driven by...
In Revenue Capital Driving AI Innovation in Multifamily Housing by Backing Nurture Boss in...
In Revenue Capital, the first operator-immersive capital firm focused on early-growth investing, announces it has joined a $4.025 million Series A funding round for Nurture Boss, a rapidly growing company with an advanced AI...
Red Stone Equity Partners Closes its 17-Year Historically Largest Multi-Investor LIHTC Fund Offering
Red Stone Equity Partners LLC, a privately-owned real estate finance and investment company specializing in affordable multifamily residential funds and financings, announced the closing of Red Stone Equity – Fund 113 Limited Partnership ("Fund...
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...
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...
Multifamily industry excluded in FTC’s final rule on junk fees
The multifamily industry was excluded in the Federal Trade Commission's (FTC) final "junk fees" rule that targets bait-and-switch pricing tactics that result in unfair competition. The FTC published its final rule on...
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...
Rent growth follows seasonal pattern
Yardi Matrix reported that the national average asking apartment rent was down $5 in November compared to the revised level of the month before at $1,744 per month. The national average year-over-year asking apartment rent...
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...
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...
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...