Multi-family
Behringer Harvard Gets $150M Credit Line
Behringer Harvard said on Wednesday that it has closed a $150 million Freddie Mac credit facility for Behringer Harvard Multifamily REIT I, Inc.
Freddie Launches Its Awaited Mezzanine Financing Program
Freddie Mac’s new mezzanine financing arrangement allowing mezzanine debt on qualifying senior multifamily mortgages (first mortgages) it purchases, has now officially been launched.
Land Transfer Pushes Mixed-Use Residential Project in Silicon Valley Forward
Job losses and the recession have depressed the national apartment market, but there are those small pockets that have continued to experience demand, like the town of Sunnyvale in California’s Silicon Valley, where a big step has recently been taken in the development of the 336-unit Luminaire mixed-use residential project.
Drop in Apartment Vacancy Rates Forecast for 2010
Plagued by the overwhelming number of job losses across the country, the apartment market has suffered from plummeting occupancy levels. However, per CBRE Econometric Advisors’ recently updated forecast, 2010 will bring some relief.
U.S. Army Makes a Splash in Modular Housing with 1,200-Unit Fort Sam Residential Project
Development of the first building in a two-building modular residential project at the Fort Sam Houston army base in San Antonio, Tex., has just reached completion.
Policymakers and the GSEs: Risks to Watch
While the Obama Administration has not revealed any inclinations toward the direction it might take with revision of the government-sponsored entities, professors, pundits and others have proposed some possible directions.
RDM’s New Interactive Marketing Tool Helps Users With Room Design
Property managers and tenants alike now have a new online tool in their arsenal.
Marcus & Millichap Lists Southern California Mobile Home Park for $44.5M
A tumultuous relationship between the city of Poway, Calif., and the mobile home park it owns may come to an end should the park sell – particularly if it sells to its residents.
Inland American Makes Quartet of Acquisitions for $154M
Maryland-based REIT Inland American continues to add to its diversified portfolio. The company on Wednesday announced that it recently completed the purchase of four properties totaling approximately $154 million.
National Apartment Report: Sector Set for Recovery
The worst is over for the U.S. apartment market, according to Marcus and Millichap’s 2010 National Apartment Report. A survey of 44 nationwide markets based on forecast supply and demand conditions, the report found that a drop in construction has set the stage for a recovery this year.