Aries Capital Launches Multifamily Division

Aries Capital recently announced the formation of Aries Multifamily, a new operating division of the firm that will provide loans under $5 million for apartment properties across the nation. The new division will be led by Ryan Welsh, a commercial real estate executive with more than 10 years of experience incorporating commercial and multifamily underwriting, loan origination, portfolio management and loan sales.

New Associations Formed for Student Housing, Research Specialists

Jack Kern, managing director at Washington, D.C.-based Kern Investment Research LLC, and Dr. Sam Chandan, president and chief economist of Real Estate Econometrics, recently announced the launch of The National Student Housing Council (NSHC) to focus exclusively on the student housing sector. John Buttarazzi, owner of Varsity Capital Advisors, is the organization’s founding advisory board president.

Renters Are Willing to Pay More Rent for Additional Security Amenities

Renters seek a safe haven when searching for an apartment. According to a national survey—conducted during national crime prevention month—96 percent of respondents said neighborhood crime rate influences where they choose to live.

Existing-Home Sales Increase With First-Time Buyer Momentum

Existing-home sales bounced back in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of Realtors (NAR).

Obama to Ensure Inclusion of LGBT in HUD Programs

U.S. Housing and Urban Development Secretary Shaun Donovan has announced a series of proposals to ensure that HUD’s core housing programs are open to all, regardless of sexual orientation or gender identity.