Regions
Freddie Mac Singles Out Top 2013 Multifamily Lenders
After a year that saw Freddie Mac settle nearly $26 billion in new multifamily volume, its second largest figure ever following a banner 2012, the GSE announces its top lenders for 2013.
ULI and Enterprise Release Comprehensive Affordable Housing Solutions Report
The supply gap between affordable rental units and extremely low-income renters continues to widen. ULI and Enterprise Community Partners address the issues surrounding the availability of affordable housing in their new report: Bending the Cost Curve.
Luxury TF Cornerstone Condo in L.I.C. Reaches Full Occupancy
The View, a luxury condo in the Queens neighborhood of Long Island City, has reached 100 percent occupancy. Modern Spaces handled sales.
TODAY’S DEALS: Virtú Investments Enters Colorado with $16.6M Apartment Acquisition
Virtú Investments buys a 186-unit asset in Castle Rock, Colo.; Trade Street closes on a $75 million credit facility; and IPA sells a development site in Manhattan’s Hudson Yards subdistrict.
Economy Watch: Investors Head for the Exits
While investors continue to stare down a potential market correction, good news in the multifamily sector comes from the NAHB’s 55+ Housing Market Index and the Census Bureau.
BofA Merrill Lynch Increases Community Development Lending by 25 Percent
Bank of America Merrill Lynch’s Community Development Banking business finalized about $3.3 billion in loans, tax credit equity investments, and other real estate development mechanisms in 2013, roughly 25 percent more than during 2012.
Enterprise Finishes 2013 by Closing 11 Affordable Housing Syndication Deals
Affordable housing finance and investment organization Enterprise Community Investments Inc. wrapped up 2013 with 11 new LIHTC-financed developments and rehabs.
TODAY’S DEALS: Sares Regis Grabs an Oregon Asset
Belkorp Industries sells a 129-unit asset to Sares Regis; and Pembrook Capital closes two bridge loans totaling nearly $19 million.
Carter Breaks Ground on Texas Student Housing Asset
Carter has broken ground on a 198-unit, 590-bed student housing community near the University of Texas at San Antonio.
Economy Watch: Personal Income, Consumption Rise in December
The Bureau of Economic Analysis reports that personal income ticked up in December, though the Reuters /University of Michigan sentiment index shows that consumers are a bit more glum.