National
TODAY’S DEALS: American Communities Acquires Three Assets in North Texas
American Communities buys in Plano and Irving, Texas; Pembrook Capital closes $20 million for a Brooklyn refinancing; and Walker & Dunlop completes $394.58 million in financings in Texas.
Economy Watch: Case-Shiller Indices Still Going Up
S&P Dow Jones Indices reported that the Case-Shiller Home Price Indices continued to increase as of June.
TODAY’S DEALS: Northwestern Mutual Provides Gables with a $233M Refinance
Northwestern Mutual helps Gables Residential refinance a 19-property portfolio; HFF secures $21.4M for a Oregon development; and Alliant Capital completes an $8.99 million 10-year refinancing loan.
Case-Shiller Shows Strong Metros Except in D.C.
Peter Muoio, senior principal and economist with Auction.com Research, says Case-Shiller Home Price Indices for June may be strong but the headline downplays drastic regional differences.
Economy Watch: Mortgage Delinquencies Drop in July
Lender Processing Services, in its First Look report for July, said that the percentage of delinquent U.S mortgage loans decreased from 6.68 percent in June to 6.41 percent in July, and from 7.03 percent in July 2012.
TODAY’S DEALS: WNC Closes $150.5M Fund to Acquire LIHTC Properties in 18 States
WNC announces it has closed WNC Institutional Tax Credit Fund 38 LP; Breeden Realty buys a 300-unit asset in an ARA-brokered sale; and Marcus & Millichap arranges a 34-unit sale in Colorado.
Economy Watch: New Home Sales Take Dip in July
Sales of new single-family houses in July 2013 were at an annualized rate of 394,000 units, according to the Census Bureau.
TODAY’S DEALS: Praedium and Greystar Sell Florida Apartment for $44.3M
Praediem and Greystar sell a Naples, Fla., community; Steadfast Income REIT adds $56.4 million in acquisitions in Alabama and Texas; and Landmark Apartment Trust of American acquires three apartment assets.
Economy Watch: Mortgage Rates Hit New Highs
Mortgage rates are continuing their upward creep, but the housing market still seems to soldier on in its recovery.
TODAY’S DEALS: Centerline Refinances a Texas Student Housing Asset for $17.3M
Centerline refinances a student housing asset in Texas; Marcus & Millichap closes two sales in Oceanside, Calif.; and Delshah Capital sells a repositioned condo building to Aria Investment for $3.6 million.