Mid-Atlantic
Fannie Mae Marks 25 Years of Multifamily Market Financing Through DUS(r) Program
This month Fannie Mae marks the 25th anniversary of its Delegated Underwriting and Servicing (DUS®) program, a unique risk-sharing model that provides financing to the multifamily housing market.
The JBG Companies Acquires 450-Unit Community
The JBG Companies has acquired a 450-unit multifamily community from Home Properties of Rochester.
Fannie Mae Reports Largest Net Income in Company History
Fannie Mae reported annual net income of $17.2 billion for 2012 and quarterly net income of $7.6 billion for the fourth quarter of 2012, compared with a net loss of $16.9 billion for 2011.
Mack-Cali Buys Suburban D.C. Apartments for $262M
Mack-Cali Realty Corp. has acquired an 828-unit multifamily property, Crystal House, in the Crystal City section of Arlington, Va., for about $262.5 million. The acquisition was made in partnership with a fund advised by UBS Global Asset Management.
Jonathan Loretta Joins LCOR as Senior Accountant
LCOR, a fully integrated real estate company specializing in property investment, management and development, announced that Jonathan Loretta has joined the team as senior accountant.
Campus Apartments to Create New Howard University Student Housing
A dedicated residential neighborhood for underclassmen will be established at Howard University, according to development plans announced by Campus Apartments.
MBA Promotes Ken Markison to Vice President and Regulatory Counsel
avid H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), today announced the promotion of Kenneth A. Markison, Esq., formerly associate vice president and Regulatory Counsel, to vice president and regulatory counsel.
Groveton Green Maryland’s First Gold Certified LEED for Homes
Groveton Green Apartments, a 226-unit luxury apartment community in Owings Mills, Md., has been awarded LEED Gold certification from the U.S. Green Building Council.
Kettler Management President Cindy Clare Elected 2013 Secretary for the National Apartment Association
Kettler Management announced that its president, Cindy Clare, CPM, has been elected this year’s secretary at the National Apartment Association.
Conrad Egan Named Chairman of the Board at Community Preservation and Development Corporation
Community Preservation Development Corporation (CPDC), a nonprofit organization that revitalizes and creates affordable communities throughout the mid-Atlantic region, announced veteran housing and community development policy advocate Conrad Egan as chairman of its board of directors.