Regions
A Closer Look at Freddie Mac’s Rent Affordability Initiative
Freddie Mac Multifamily’s Kelli Carhart speaks about the financier’s latest debt program meant to help borrowers consider affordable housing as a viable investment. Property owners receive favorable loan pricing in exchange for maintaining rents at moderate levels.
Columbus Leads Midwest Growth
The metro’s average multifamily rent rose by 4.2 percent year-over-year as of June, outpacing the national rate and showing the fastest growth among major Midwestern cities.
CBRE Brokers the Sale of 2 CA Properties
The properties, located in the Inland Empire and Orange County, sold for a total of $10.8 million.
Health Care, Technology Drive Growth in Pittsburgh
A recent boost in higher-paying jobs will bolster multifamily demand this year, especially in the metro’s downtown area, which experienced a 24 percent population surge from 2010 to 2017.
Greystone Provides $34M Fannie Mae Loan
A New Jersey company acquired the 143-unit community. Park Square West offers 29 affordable units for renters earning 50 percent of the area median income.
Top 10 Communities Under Construction in Central & Northern NJ
The area’s improving economy bolstered multifamily development, resulting in more than 17,000 units being built as of June, as well as an increase in affordable housing units.
Geller Associates Sells in the DC Area
Greysteel represented the company in the disposition of Regency Court, a 115-unit property in Suitland, Md.
Reaching the Pinnacle of Success in Property Management
Larry Goodman, COO of Pinnacle, describes how the company retains residents, trains managers and boosts multifamily asset values across its portfolio.
3rd Ave Investments Buys Phoenix-Area Asset for $22M
The 276-unit Casa Bellisima is located in Glendale, a submarket with limited inventory but more affordable rents than the urban core.
Walker & Dunlop Secures $20M Loan for Affordable TN Asset
Vice President Rob Rotach secured the financing for the 153-unit Dandridge Towers, an age-restricted asset in southern Nashville, through the HUD program.