Bendix Anderson

Bendix
Anderson
Articles
Strong Quarter, Strong Outlook for Apartments  1
Life is good for apartment investors: Rents are high, vacancies are low and the outlook for the future looks very, very strong, according to second quarter reports from real estate research firms.
Construction Ramps Up—Again 
Cold weather earlier this year didn’t put a brake on new construction for long. Developers are starting more new commercial and multifamily projects than experts anticipated, even before the long, cold winter.
Commercial Property Price Indices Approach New Highs  1
Commercial property prices are approaching the levels seen during the last boom, according to leading price indices.
Competition Cuts into Fannie Mae’s Business 
Banks are willing to make permanent loans to apartment properties at rock bottom interest rates. To compete, Fannie Mae and Freddie Mac lenders are offering the lowest rates they can, plus faster service.
CMBS Lenders Fight Back  2
Multifamily borrowers can now get more loan proceeds and longer interest-only periods from conduit lenders that originate loans that end up in commercial mortgage-backed securities (CMBS).
Secondary Markets to Experience Accelerated Rent Growth in 2014 
Apartment rents will grow faster in many secondary markets than in the top primary markets like New York City and Los Angeles, according to 2014 projections from data firms Reis Inc. and Pierce Eislen.
Few Cities Have Condo Conversions 
Developers are buying hundreds of millions of dollars’ worth of properties to convert to for-sale condominium housing, but only in a handful of cities.
Conventional and Affordable Apartments Get Green With Fannie Mae 
The federal government keeps expanding its suite of loan products that encourage energy efficiency.
Slow Household Formation a Concern Amid Recovery 
The new head of the Federal Reserve, Janet Yellen, recently had some chilling worlds for the housing business, complaining about very slow rates of new household formation.
REITs Binge on Multifamily 
Despite high prices for apartment properties, REITs are on a buying binge. They are finding value in mergers that offer them efficiencies that put a strong hold on their markets. They are also looking at market and regions where property prices aren’t so high compared to the income from the properties.
Fannie and Freddie’s Fate Becomes Clearer 
Congress may actually pass legislation this spring to break up mortgage giants Fannie Mae and Freddie Mac.
Property Prices Have Room to Grow in Core Markets 
Just when you think prices can’t go any higher for properties in core markets, some experts say they haven’t yet reached their peak in cities like New York, Los Angeles, and Chicago.
A Look at Essex & BRE's Closed Deal 
The deal between Essex and BRE will help the new, larger REIT save a little money on property management expenses and take advantage of more efficient financing.
Money Pours into Mezzanine Loans  4
Currently, there are 28 U.S.-focused real estate debt funds in the market, aiming to raise an aggregate $9.0 billion, according to London-based research firm Preqin.
Rating Agencies Sound Warnings on CMBS Underwriting  2
Ratings firms threaten to get tougher on the credit enhancement levels they set for CMBS issues, which will eventually result in higher interest rates for CMBS borrowers.
Multifamily Special Report

NREI’s Special Multifamily Report Shows the Sector Will Shine Well into the Future.  Click below to browse the articles and galleries of this special section.

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