SPECIAL REPORT: PREI Raises Concerns that Real Estate Valuations Could be Based on Quantitative Easing Worldwide
Prudential Real Estate Investors said that commercial real estate prices are on the rise worldwide as economies rebound internationally, but expressed concern that loose monetary policy could be driving property valuations.
APARTMENT MARKET STATISTICS: June 2014
Multifamily housing starts fell for the third consecutive month in February 2014, according to the National Association of Home Builders (NAHB).
Implementing a Community Services Program Boosts the Bottom Line
Case studies have shown an 8 percent reduction in vacancy loss after a residents program is put in place.
TODAY’S DEALS: NorthMarq’s Orlando Office Completes $38.6M CMBS Loans
NorthMarq Capital arranged financing for two multifamily transactions, one with interest-only; and CBRE/New England facilitates a $1.6 million sale of an East Boston industrial property that will be converted to transit-oriented residential use.
TODAY’S DEAL: Red Mortgage Completes $58.8M 221(d)(4) Construction/Refi Loan on Behalf of Development in San Fran’s Mid-Market District
Red Mortgage Capital provided FHA-insured financing for a 162-unit new apartment development in downtown San Francisco; and HFF secures an $80 million refinancing for a Hoboken, N.J., luxury multi-housing community.
TODAY’S DEALS: Greystar Closes on $800M Value-Add Multifamily Acquisition Fund
Greystar Real Estate Partners announces the final close of a discretionary commingled fund; and NorthMarq arranges $34.4M refinance with five-year I/O.
Dominium: Guaranteeing Tax Credits for Investors of Distressed LIHTC Properties
Dominium turns around struggling Low Income Housing Tax Credit properties while guaranteeing the investors their full tax credits. How is it able to achieve this feat?
Adopting New Real Estate Technologies
Here are five best practices to keep in mind.
TODAY’S DEALS: Eastern Union Funding Closes $46.57M Construction Loan for South Jersey Townhomes
Investors Bank will provide a $40 million construction loan with a $6.57 million earn-out for The Avery, a 450-unit townhome project; and BMC Capital provides a $1.32 million cash-out refinance loan for a student-housing property.
TODAY’S DEALS: Milestone Buys in Denver and Atlanta
Milestone buys two properties for a combined $78 million; Bell Partners buys an apartment community in the Baltimore-D.C. metro area; and Sabra Health Care REIT purchases a seniors housing campus in Indiana.