Mayor Richard Turner

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    The bulk of underlying collateral for Freddie Mac and CMBS multifamily loans is Class B and Class C properties, the bond rating agency reports. KBRA forecasts a positive performance for these assets.

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  • Demand Outpaces Supply in Salt Lake City

    Driven by robust population growth and low unemployment, Utah’s largest city is rapidly expanding, generating healthy housing demand. It continues to appeal to major employers, such as Amazon, UPS and big-brand companies based along the Wasatch Front.

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  • Supply Influx Moderates Austin Gains

    The Texas capital’s economy is strong and its population is booming, but a high volume of new supply is keeping the lid on rent growth. As of May, rents in the metro were flat compared to a 1.5 percent year-over-year national uptick.

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  • Financing Veteran Joins JLL as SVP

    James McArthur will focus on providing financing solutions to multifamily real estate developers and owners using JLL's Fannie Mae, Freddie Mac and HUD/FHA capabilities.

    18 May 2017 17:29
  • Midtown Detroit Gets New Mixed-Income Community

    Nonprofits Develop Detroit and Preservation of Affordable Housing partnered for the $32 million development that will also include retail space. Project design will be led by Phil Freelon, design director at Perkins+Will.

    26 June 2017 16:59
  • Maverick Mediates $39M Loan for Chicago Mixed-Use Project

    Cedar Street Cos. is planning a 149-unit apartment building at 676 North LaSalle St., with more than 10,000 square feet of ground floor retail space.

    04 May 2017 17:10
  • PAC Snags Tampa-Area Luxury Property

    The purchase of the newly built 280-unit community was financed through a first mortgage loan from Fannie Mae, originated by Berkadia Commercial Mortgage LLC.

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  • How Will Amazon’s 100,000 Jobs Impact Package Management in Multifamily?

    If your apartment communities have not yet adopted a solution to combat the influx of packages—such as a smart room, package lockers or a package management team—now is the time.

    07 April 2017 14:39
  • U.S. Equity REITs

    Equinix, Inc., a data center REIT, had a 39.3x price to LTM FFO, the highest among the publicly traded U.S. equity REITs, and traded at a $400.4 price per share as of March 31.

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