Rent collections report for April, week 3
As part of its project to track rent payments being made during the corona virus shutdown, NMHC reported that an additional 5 percent of renters made at least a partial payment of their April...
Rate Desk April 23, 2020
Rate Desk notes April 23, 2020 Stocks: 2nd day gains Crude $17/barrel UST yields flat .61-.62 bp 223(f) 2.65% 221(d)(4) 3.30% Fannie 3.21% Freddie 3.50 Offshore investors buy $1.05 billion MF portfolio in West ...
Marcus & Millichap arranges the sale of a 32-unit apartment building
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Columbia House, a 32-unit apartment property located in Tallahassee, Fla.,...
Universe Holdings receives $19.71 million in cash out financing secured by seven Inglewood apartment...
Capitalizing on rising property values in its growing portfolio of assets in Inglewood, CA, Universe Holdings has received $19.71 million in cash-out financing secured by seven of its Inglewood multifamily communities. Two separate loans allowed...
Jonathan Rose Companies and Columbia Residential acquire city views at Rosa Burney Park
A joint venture of Jonathan Rose Companies and Columbia Residential, in conjunction with neighborhood non-profit SUMMECH Community Development Corp., has acquired City Views at (City Views), a 181-unit family Section 8 and LIHTC community in the rapidly...
Larken Associates Bolsters multifamily portfolio with acquisition of York County, Pa. apartment community
Larken Associates, a regional leader in real estate building, development and management, announces the acquisition of The View at Mackenzi, a 224-unit apartment community, located at 2035 Patriot Street in York, Pa. Located less than...
Rate Desk April 22, 2020
Rate Desk Notes: April 22, 2020 Three major indices are up Crude oil rallies up to $14 a barrel UST .62 bp 223(f) 2.65% 221(d)(4) 3.30% Fannie 3.25% Freddie 3.50% Fannie/Freddie to buy qualified...
JLL closes $65.9 million sale of Durham, North Carolina apartments
JLL Capital Markets announced it has closed the $65.9 million sale of Lodge at Croasdaile Farm, a 320-unit, garden-style and townhome apartment community in the North Durham submarket of Durham, North Carolina. JLL marketed the...
JLL arranges construction loan for first phase of The Riverfront development in Waco, Texas
JLL Capital Markets announced that it has arranged construction financing for The Riverfront Lofts, a 266-unit, Class A multihousing project, which will be the first phase of The Riverfront mixed-use waterfront district in downtown...
April apartment market conditions showed weakness amid COVID-19 outbreak
Apartment market conditions weakened in the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Apartment Market Conditions for April 2020, as the industry confronts the ongoing COVID-19 pandemic. The Market Tightness (12), Sales Volume...
Dekel Capital arranges $59 million in construction financing for multifamily development in Thousand Oaks,...
Dekel Capital, has arranged $59 million in construction financing on behalf of The Latigo Group, which has started work on the first significant multifamily project to be developed in Thousand Oaks, CA since 2007. When...
Rent Payment Tracker finds rent payment rate at 95 percent of prior month
The National Multifamily Housing Council (NMHC) found that 89 percent of apartment households made a full or partial rent payment by April 19 in its survey of 11.5 million units of professionally managed apartment units across the country,...
Rate Desk April 21, 2020
Rate Desk April 21 edition All three major indices down Crude oil back up to $9.69 UST .58 bp 223(f) 2.62% 221(d)(4) 3.27% Fannie 3.40% Freddie 3.50% Millennial household formation down Renting isn’t a...
IPA Capital Markets arranges $22.36 million multifamily acquisition loan
IPA Capital Markets, a division of Marcus & Millichap Capital Corp., has arranged $22,365,000 for the purchase of an 85-unit multifamily asset in West Covina, California. “We have worked with these borrowers previously on arranging...
Infographic: Everyone is essential
UPDATED: April 30, 2020 30+ million unemployed Breaking the previous record of 695,000 from 1982. Not counted are part-time, self—employed and gig workers who have also lost their livelihoods. 50 million deaths from Spanish Flu 1918-1919 234 thousand...
