National
Economy Watch: Multifamily Rent Growth Slows
Trulia reported that as newly constructed multifamily buildings are completed, the pace of rent gains fell at the national level for the first time since the price recovery began last spring.
TODAY’S DEALS: Brandywine, Campus Crest and HSRE Partner on $158.5M Project
A joint venture announces a student housing tower in Philadelphia; HFF lands $72 million for a Hoboken refinancing; and Centerline provides $43.1 million in acquisition financing for a Houston asset.
Economy Watch: Home Prices See Annual Spike of 8.3 Percent
CoreLogic reported that home prices nationwide, including distressed sales, increased year-over-year by 8.3 percent in December 2012.
Yardi Introduces New Enhancements to Yardi Resident Screening
Yardi announced today that it has completed several enhancements to Yardi Resident Screening™ designed to help clients operate more efficiently, manage risk better, comply with screening regulations and improve net operating income.
Freddie Mac Names Top Multifamily Lenders of 2012
Freddie Mac announced its highest-producing multifamily mortgage sellers of 2012. These are the lenders who transacted the most financing volume with Freddie Mac.
TODAY’S DEALS: Steadfast Buys San Antonio-Area Asset for $34.6M
Steadfast Income REIT closes a 288-unit buy; Kislak Company brokers two sales in Pensacola, Fla.; and UC Funding provides a $4 million investment to facilitate a recapitalization in Florida.
Economy Watch: Some Banks Easing Some Lending Standards
The Federal Reserve reported on Monday in its Senior Loan Office Opinion Survey on Bank Lending Practices for January that “generally modest fractions” of domestic banks have reported eased their standards across major loan categories over the past three months.
Fannie Mae and its Lenders Finance $33.8 Billion in Multifamily Loans in 2012
Fannie Mae provided $33.8 billion in financing to the multifamily market in 2012, the third highest acquisition year in its history.
21 Percent Drop In Volume of Commercial and Multifamily Mortgages Maturing This Year
$119.5 billion, 8 percent of the outstanding balance, of commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2013, a 21 percent decline from the $150.6 billion that matured in 2012, according to today’s release of the Mortgage Bankers Association’s (MBA) 2012 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes.
TODAY’S DEALS: ARA Sells 180-Unit Asset in Texas
An Oregon-based buyer acquires a Texas asset; Marcus & Millichap sells a N.J. HUD community for $16.1 million; and Gebroe-Hammer completes four sales in Southern New Jersey/Philadelphia.