Green Financing and the Triple Bottom Line
Fannie Mae is shaking up the multifamily lending space with industry-leading investment in environmental sustainability, says the GSE’s EVP Jeff Hayward.
Economy Watch: Apartment Rents Stabilize in Summer
The national median rent increased in September to its highest point of 2017, hitting $1,018, according to a recent ABODO report. However, the increase is only up a bit from January, when the median was $1,016.
Economy Watch: Seattle, Denver Among Best Cities for Residential Investors
WalletHub determined the top markets based on their prospects for long-term growth, equity and profit for investors. The firm also compared the health of each market’s real estate sector, including affordability and the economic environment.
ARA Newmark Arranges Sale of 7East in Austin
The 186-unit community is located in one of the country’s top tech hubs and was 94 percent occupied at the time of the transaction. The property was acquired by GF Properties Group.
Economy Watch: Cost of Rent a Challenge Across Generations
Of the Millennials and Baby Boomers who rent, 46.5 percent and 49 percent, respectively, spend more than 30 percent of their income on housing costs, according to a new report by ABODO.
Can You Afford to Live in NYC?
Only nine out of the 139 neighborhoods included in a RentHop study have median asking rents that can be afforded with 35 percent of the area median income.
May 2017
Commentary and data were supplied by Michael Neal, a senior economist with the National Association of Home Builders (NAHB).
CLP Makes First Foray into Southern FL
For its first acquisition in Palm Beach County, the privately held New York-based real estate firm chose Loftin Place, a Class A, mid-rise community completed in late 2015.
Car Sharing for Residents
City living comes with some challenges: Cars, for one, are hard to park and store in most metro areas. Enter Maven by General Motors, a car-sharing platform that allows properties to offer premium autos for rent.
2017’s Busiest Rental Markets
With apartment construction reaching a 20-year peak, most of the largest U.S. cities continue to add significant levels of rental stock. Denver and Nashville are joining the top 10 list in terms of 2017 apartment completions, according to RentCafé.