Property Management News
What’s the best option for a landlord who’s fallen behind on the mortgage? “The short answer is, you go to your ATM machine, you put in your code, you get some cash, and you pay your lender. That’s always the easiest solution,” Ironhound Management’s Robert Verrone told The Real Deal editor-in-chief Stuart Elliott for the latest edition of TRD Tips. But as he quickly explained, it’s rarely that easy. Verrone, one of the most experienced players in working out bad loans, left Wachovia Bank in 2009 to start his own business working out busted securitized loans. At the beginning of the pandemic, Verrone likened the workouts he was doing to “root canals on loans.” Now, he... Read more
WinnCompanies, the largest operator of affordable housing in the United States, aims to cut eviction rates in half across the company’s owned and managed national...
Real Estate Investment Trust (REIT) Apartment Income REIT Corp. (NYSE: AIRC), or AIR, recently made its public market debut following its separation from...
As you may already know, the Federal Housing Finance Agency (FHFA) has announced the updated loan cap structure for multifamily transactions across Fannie Mae and...
Apartments in Phoenix are extremely popular right now and demand for them does not seem to be waning. The soaring interest in the Phoenix apartment market leaves...
In a year of immense uncertainty and volatility, the multifamily sector has remained one bright spot for commercial real estate investors. Multifamily property fundamentals have held up well, with rents deceasing by only .3 percent in September year-over-year, according to a Yardi Matrix report. While the outlook for hospitality, retail and even office remains cloudy, a recent CBRE report projects that multifamily will make a full recovery within two years, becoming one of the fastest asset classes to recover from the pandemic downturn. Yet despite the positive outlook, investors may still encounter obstacles when it comes to financing multifamily assets in the near term, primarily... Read more
Multifamily investment continues to be attractive, even through the pandemic. However, with mass job loss across the country and severe economic dislocation, multifamily...
As the federal government steps in with emergency funding to help low-income renters through the current economic crisis, a new analysis by Freddie Mac Multifamily...
The U.S. Department of Housing and Urban Development (HUD) has announced a new round of CARES Act funding to help keep low-income families housed during the coronavirus...
Walking through a vacant warehouse that has since been demolished to make way for Union Row, Trump cabinet member Ben Carson asked developer Kevin Adams how many of...
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