Friday, January 24, 2025

National

Articles with a National focus

senior housing

Senior housing shows resilience

A new report from NIC MAP Vision indicates that senior housing is highly resilient, recovering quickly from both the setback it experienced during the pandemic and also from the global financial crisis 10 years...
Toorak

Toorak Capital Partners Completes its First-Ever RTL Securitization Exclusively Backed by Multifamily and Mixed-Use...

Toorak Capital Partners LLC (“Toorak”), a leading capital provider to the private real estate lending industry, announced the successful closing of Toorak Mortgage Trust 2024-2 (“TRK 2024-2”), its first residential transition loan (“RTL”) securitization...

SFR rent growth rate continues to trend lower

CoreLogic reported that their single-family rent index (SFRI) for August rose 2.4 percent from its year-earlier level. This is down 0.4 percentage points from last month’s reported year-over-year rent growth rate and is down...
apartment construction

Multifamily permits, starts and completions all lower in September

The Census Bureau’s new residential construction report stated that multifamily completions retreated from last month's high. Multifamily starts also fell as multifamily permit issuance continued its long-term slide. Multifamily housing permits lower The number of permits...

High supply apartment markets ride demand wave

More than 558,000 apartment units have delivered over the past 12 months, hitting what RealPage Analytics calls a 50-year supply peak. But booming demand for rental housing has been a bright spot...
construction start

Multifamily starts forecast revised higher

Fannie Mae’s October housing forecast calls for more multifamily housing starts in 2024 and 2025 than did last month’s forecast. The current forecast is the first where Fannie Mae’s forecasters were able to factor...
Lessen360™

Lessen Unveils Lessen360™,  the Next-Generation Solution for Centralized Multifamily Maintenance

From inspections and make-readies to preventative maintenance and asset lifecycle planning, Lessen's Lessen360™ helps multifamily real-estate owners, operators, and managers lower costs while increasing resident satisfaction. Lessen, the leading provider of end-to-end real estate property...
The Cliftwood Sandy Springs Georgia

Smith Hill Capital with ECI Group and InterVest Form $250M Multifamily Lending Platform

Smith Hill Capital (“Smith Hill”), ECI Group (“ECI”), and InterVest have launched a $250 million private lending platform to provide financial solutions including first mortgages, mezzanine loans, and preferred equity investments to multifamily owners...
lumber leads rise in construction materials prices

Construction materials prices inch higher

The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were up 0.1 percent month-over-month in September on a seasonally adjusted basis. However, the change in...

Buy multifamily – market conditions favor investment

Now is the time to buy multifamily, said Peter Standley, director of Marcus & Millichap's multifamily division, while discussing the state of industry on October 7. He discussed the impact of new...
NYC leads in apartment rent growth

Rent growth makes seasonal downturn in September

Yardi Matrix reported that the national average asking apartment rent was down $3 in September compared to the revised level of the month before at $1,750 per month. The national average year-over-year asking apartment rent...
CMBS special servicing can lead to loan losses

Multifamily CMBS special servicing rate rises again in September

Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans continued to move higher in September, rising another 36 basis points. The overall CMBS special servicing rate on commercial property also...
Handbook

HUD Announces New Actions to Improve its Handbook for the Management of Multifamily Affordable...

The U.S. Department of Housing and Urban Development (HUD) announced the start of its process to update the Multifamily Asset Management and Project Servicing Handbook and launched a request for public feedback to improve...
Austin leads in market rate competitiveness with affordable housing

Where can market rate substitute for affordable housing?

Yardi Matrix recently announced focused coverage of the affordable housing market. As part of that coverage, they released a study showing wide variation in how affordable housing rents compare to market rate rents in...
Merchants Capital

Merchants Capital Completes $630M Securitization of Healthcare CRE Loans for Senior Housing Properties

Leading financial services provider Merchants Capital (Merchants) announced the securitization of approximately $630 million in healthcare commercial real estate (CRE) bridge loans. The loans were originated by VIUM Capital, Merchants’ joint venture partner, and underwritten...
Yield PRO