National
Survey Points to Larger Numbers of Renters by Choice
Only 59.5 percent of renters said that they ‘definitely’ or ‘probably’ would renew their apartment leases, according to a new survey by Kingsley Associates. The figure represents a new three-year low.
TODAY'S DEALS: RED Finances $72M Loan for Bay Area Community
Red Mortgage Capital funds a $72 million rehabilitation loan; Walker & Dunlop provides $163.8 million for four assets in Connecticut; and Marcus & Millichap provides a $9.2 million cash-out refinancing in transfer of ownership from TIC to LLC.
Joint Venture Acquires 7,654-acre CalPERS Portfolio, Including Merriam Mountain
By Gabriel Circiog, Associate Editor San Diego-based Newland Real Estate Group LLC has formed a new joint venture with North America Sekisui House LLC, a division of a major Japanese development company, and has thus acquired the largest operating portfolio of residential master-planned communities in the United States. The San Diego Union-Tribune reports the deal […]
TODAY'S DEALS: Inland American Breaks Ground on Arizona Student Housing
Inland American Communities breaks ground on a 318-bed student housing community; EdR buys a collegiate housing asset in Oklahoma; and NorthMarq arranges a $19.2 million FHA-insured mortgage.
Fannie Mae Ups Multifamily MBS Issuance
Fannie Mae reports that during the fourth quarter of 2011, it issued $7.2 billion multifamily MBS, the highest quarterly issuance since the GSE started bringing its multifamily MBS business back from a standstill in 2009.
TODAY'S DEALS: HFF Lands $52M in Acquisition Financing for Texas Student Housing
HFF secures financing for two student housing acquisitions; and Tryko Partners nearly doubles its multifamily holdings in 2011.
Special Report: 'Capital is Constrained' Says NMHC Apartment Strategies Panel
In Part 2 of MHN’s Special Report from the NMHC Annual Meeting, the industry opines on the availability of infill sites, the dangers of overbuilding and opportunities in tertiary markets.
TODAY'S DEALS: The Morgan Group Arranges $146M
The Morgan Group arranges $146 million for five properties; Beech Street Capital lands $14 million for a 162-unit asset near Washington, D.C.; and NorthMarq connects a borrower to $4.5 million from life a insurance company.
TODAY'S DEALS: HFF Secures $56M Refi for San Diego Student Housing
HFF lands $56 million in refinancing for a student housing asset; a historic redevelopment moves forward in Quincy, Mass.; and Johnson Capital arranges 30 loans for over $225 million during the final weeks of December 2011.
NeighborWorks Network Exceeds 90,000 Affordable Rental Units
Rental units owned or managed by the NeighborWorks America network exceeded 90,000 as of the end of September, and the network invested more than $1.3 billion in rental housing during the fiscal year.