Prominence
Lenders Still Lending for Apartments, But at Much Lower Volume
Washington, D.C.–The Mortgage Bankers Association reports that aggregate lending for financing apartment properties nationwide shrank about 40 percent in 2009 compared with 2008.
Joe E. Greenhaw Jr. Joins Cohen Financial’s Loan Administration As EVP
Chicago–Cohen Financial recently appointed Joe E. Greenhaw, Jr. as executive vice president of its Loan Administration department. Along with partner and executive vice president Tim Mazzetti, and partner and executive vice president Dean Wheeler, Greenhaw will lead the strategic expansion of the firm’s asset management and special servicing business. Prior to this appointment, Greenhaw was at Prudential Asset Resources where he served as vice president for four years and was involved in the management of a $66 billion servicing portfolio comprised of balance sheet, CMBS, Fannie Mae, FHA, Freddie Mac and third-party loans. During 2010, Greenhaw was focused on Prudential’s…
Web Feature: Best Ways to Close Leases
New York–A signed lease is a thing to be treasured. For property managers and owners, it is the fruit of a laborious and long development and marketing process.
Atlanta’s Job Growth Should Lead to Strong Apartment Market Recovery
The Atlanta market recently boasted its seventh consecutive month of job growth, and it is also benefitting from a number of corporate relocations.
Finding Capital is Still Biggest Challenge
Dunn talks to MHN about her new role at Bell Partners and what she will be working on for the company.
Rehabilitated Nazareth Towers Presented to Low-Income Seniors in Ohio
Columbus, Ohio–With a ribbon-cutting ceremony, Nazareth Towers, a 208-unit affordable housing property in Columbus, Ohio, officially emerges from a massive makeover, providing its tenant roster of seniors with a modernized residential community.
Wooldridge Joins The Bainbridge Cos.
Josh L. Wooldridge has joined the Bethesda office of The Bainbridge Cos. as regional development manager. He will oversee the acquisition of new multifamily real estate development opportunities throughout the Mid-Atlantic. He is also responsible for daily development operations and strategic directives in the area. Wooldridge was most recently with Trammell Crow Residential’s Mid-Atlantic division, where he helped develop a number of new luxury apartment communities in the Washington, D.C. metropolitan area. During his tenure, the division developed more than 5,000 luxury multifamily units in the region with a total combined capitalization of over $1 billion. He has also worked…
NHC Appoints Mary Hanlon to Lead Advocacy Efforts
Washington, D.C.–The National Housing Conference (NHC) has appointed Mary Hanlon to the newly created position of Vice President of Policy and Advocacy.
Meet the 2010 Excellence Award Winners
The MHN Excellence Awards recognize the multifamily industry’s most noteworthy people, companies and properties.
PHFA Executive Director Elected Vice President of National Organization of State Housing Finance Agencies
Harrisburg, Pa.–Brian A. Hudson Sr., executive director and CEO of the Pennsylvania Housing Finance Agency (PHFA), was recently elected to serve as vice president of the National Council of State Housing Agencies (NCSHA.) NCSHA is a national nonprofit, nonpartisan association that represents the affordable housing interests of housing finance agencies before the administration and Congress. Its members are the HFA’s of the 50 states, the District of Columbia, New York City, Puerto Rico, and the U.S. Virgin Islands, and more than 300 of their affordable housing partners. Hudson served the council previously as secretary-treasurer. His election as vice president came…