Secretary Carson terminates 2015 AFFH Rule
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the Department will ultimately terminate the Obama Administration’s Affirmatively Furthering Fair Housing (AFFH) regulation issued in 2015, which proved to be...
GFI Realty trades Staten Island 112-unit six-story elevator asset for $11.9 million
GFI Realty Services, LLC announced the $11.9-million sale of 100 Belmont Place & 101 Daniel Low Terrace, two six-story elevator apartment buildings occupying a single lot, in the St. George section of Staten Island. The asset...
Rate Desk Wednesday, July 22, 2020
July 22, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Growing families drive home sales highlighting need for more 3BR units in suburban MF. Rate Desk notes July 22, 2020 Indices up ...
John McCalla joins Marcus & Millichap as senior Vice President Investments in Atlanta
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that veteran multifamily investment specialist John McCalla has rejoined the company in Atlanta...
Tower 16 Capital Partners hires Joe Anfuso as asset manager of $250 million portfolio...
Encinitas-based Tower 16 Capital Partners announced it has hired Joe Anfuso, a 15-year veteran in the real estate investment industry, as an asset manager to oversee its multifamily assets throughout the Southwest region. Tower 16...
Kiser Group announces Aaron Sklar as partner
Kiser Group, Chicago’s leading multifamily brokerage firm, announces Aaron Sklar, 32, has been named Partner. Sklar is the second Partner at Kiser Group, following Noah Birk, after co-founders Lee Kiser and Estella Kiser created...
NMHC Rent Payment Tracker finds 91.3 percent of apartment households paid rent as of...
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 91.3 percent of apartment households made a full or partial rent payment by July 20 in its survey of 11.1 million units of professionally...
Rate Desk Tuesday, July 21, 2020
July 21, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Cost/benefits of IoT amenities in apartments. What smart features do you offer? Rate Desk notes July 21, 2020 DOW, S&P up, NASDAQ...
Sponsored: How property managers can mitigate the impact of COVID-19
Many property managers are looking for ways to address the impact of the COVID-19 outbreak on the rental landscape. Beyond additional safety measures, there are a few ways you can help attract and maintain...
Multifamily housing construction recovering
The Census Bureau released its monthly new residential construction report for June 2020. It shows signs of life in multifamily housing construction. Permits decline The number of permits issued for buildings with 5 or more units...
MBA looks ahead
The Mortgage Bankers Association recently released its commercial real estate finance forecast. It projects a fall-off in commercial lending this year with a recovery starting next year. While the forecast is for commercial lending...
Rate Desk Monday, July 20, 2020
July 20, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Markets are up, new stimulus in the works, and July forbearance falls for fifth straight week. Rate Desk notes July 20, 2020 ...
Trez Capital closes construction loans totaling $12.1 million for two townhome rental communities in...
Trez Capital announced the closing of construction loans for Lotus Company’s two townhome communities, Foxridge and Whisperwood, in Ogden, Utah. The two loans, totaling $12.1 million, are part of Trez’s first financing agreement with Lotus...
Six-building, mixed-use property sold in Austin
JLL Capital Markets announced that it has arranged the sale and financing of the Infinity Residences at The Triangle, an apartment community consisting of 529 units in North Central Austin, Texas. JLL completed the sale...
Multifamily developers report ongoing delays in permitting and starts due to COVID-19
More than half (57 percent) of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the fourth edition of the National Multifamily Housing Council (NMHC) COVID-19 Construction Survey. Of those...
