Home Multifamily
multifamily
The apartment REIT has already lined up $350m to refinancing existing debt incurred as part of its 2012 acquisition of a 60% stake in Archstone.
The $424m deal is comprised of 11 multifamily bridge loans from the ACRE Credit I lending platform.
The firm is hoping to expand its equity business after a strong 2021 in which it closed more than $4.5bn across three strategies.
JPMorgan, Nuveen, PGIM talk preservation and creation of units amid heightened market volatility.
Santa Monica advisory provides pref equity on local loan package atop $127m senior loan.
The national commercial real estate lender was part of a capital stack that includes Fannie Mae and Freddie Mac.
Rising mortgage rates and housing prices, along with new household formation, has meant demand for affordable rental housing has surged.
The multifamily sector has consistently been a stable performer, and lenders and investors think this will not change anytime soon. By Rob Murray
The manager sees the current capital markets disruption as an opportunity to hone in on increased borrower demand in markets with good relative value.
Multifamily has been resilient since the end of the GFC. But lenders are now seeing storms on the horizon for the sector