Central Coast California multifamily asset sells for $25.25 million
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Del Sol Apartments, a three-parcel, 121-unit apartment community in Seaside,...
Aspen’s largest apartment complex trades hands in Colorado
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Centennial Aspen Apartments, a 149-unit, three-story multifamily property in Aspen, Colorado....
Rate Desk April 6, 2020
April 6 edition
Stocks were up and erased last week’s declines
10 year US treasury at 68 bp
HUD/FHA 223(f) acquisition and refinancing rates at 2.60%
HUD/FHA 221(d)(4) New construction and sub rehab rates:...
Interra Realty brokers $4.05 million off-market sale of apartment building in Chicago’s Lakeview Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the off-market sale of 1478-80 W. Byron St., a 16-unit apartment building in Chicago’s Lakeview neighborhood, for $4.05 million, or...
Mesa West Capital originates $33.5 million loan for acquisition of Austin, Texas apartment community
Mesa West Capital has provided Austin, TX-based real estate investment firm Wildhorn Capital with $33.5 million in short-term, first mortgage debt for the acquisition of a 284-unit multifamily community in Austin, TX.
The five-year, floating...
Rate Desk April 3, 2020
April 3 edition
HUD FHA rates at 2.80 for 223F
New construction at 3.50 (40 year fixed)
10 year US treasury at 59 bp
HUD requiring reporting of impacts of C-19
HUD and agency...
Greater Los Angeles multifamily asset sold by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of South Hills Apartments, an 85-unit apartment property in West Covina, California. The $31.95 million sales price equates to $375,882 per...
NMHC Multifamily Construction Survey explores impact of COVID-19 on the industry
The National Multifamily Housing Council (NMHC) today released a new survey on multifamily construction that found more than half (55 percent) of respondents said that they are currently experiencing construction delays in the jurisdictions...
Camden Property Trust establishes Resident Relief Fund for COVID-19 pandemic
Camden Property Trust announced it has established a $5 million Resident Relief Fund for Camden residents experiencing financial losses caused by the COVID-19 pandemic. “While the full impact of COVID-19 on our country is still...
Yardi Matrix talks COVID-19 and multifamily
On April 1, Yardi Matrix held a webinar to discuss the impact of the COVID-19 outbreak on the multifamily housing industry. The webinar ran for 90 minutes, including the question session. Highlights of the...
Rate Desk April 2, 2020
April 2 edition
US treasury yields hold at 59 bp
FHA: 12 bp tightening
HUD considering distributing reserve monies in light of C-19
HUD now allowing virtual inspection by supervising architect
10 year interest...
HUD moves quickly to make $3 billion of COVID-19 relief funding available to communities...
President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law last Friday, providing much-needed assistance to the American people as the country works diligently to combat COVID-19. Thanks to...
Yardi Matrix reports on rent growth
Yardi Matrix released its March 2020 report on the multifamily housing market. The report largely captures the state of the market shortly before the onset of the COVID-19 virus and the extraordinary reactions that...
NMHC and apartment data providers to release key data on the impact of the...
Beginning on April 8 and continuing on a weekly basis for the duration of the COVID-19 outbreak, NMHC, in partnership with the leading apartment data providers, will release weekly metrics assessing the overall effect...
JLL arranges $18.85 million loan for Denver apartment project
JLL Capital Markets announced that it has arranged $18.85 million in financing for the development of Bloom at Cherry Creek, a 111-unit, Class A mid-rise apartment property currently under construction in Denver’s Cherry Creek...
