Bendix Anderson

Bendix
Anderson
Articles
Risk Premium Still High for Apartments
By at least one measure, the yield on investments in apartment properties still hasn’t matched the level of the real estate boom. That’s the “risk premium” that investors demand for apartments compared to Treasury bonds—a supposedly risk-free investment.
Rating Agencies Worry Over Underwriting for CMBS Loans
If lenders make too many risky loans, they might pump a bubble in the property markets when the capital markets need continued stability for the next three years.
Housing’s Long March to Normal 2
The nation is now running at 90 percent of normal economic and housing activity, according to the latest NAHB/First American Leading Markets Index (LMI) report.
Investors Keep Piling Into Apartments 1
Investors are on track to buy more multifamily properties this year than they did last year—impressive considering that last year apartment sale topped the peak year of the last real estate boom.
Lots of Loans Available for CRE Borrowers
Borrowers have lots of choices as lenders make more and more capital available for commercial real estate, according to the latest report from the Mortgage Bankers Association (MBA), an industry organization.
Freddie Mac Launches Small Loan Program
Freddie Mac has a new program to provide small loans to apartment properties—the Small Balance Loan program will help apartment owners consistently get the small balance financing they need.
Many New Apartments, Many New Renters in the Third Quarter  1
Top analysts expect there to be a few more vacant apartments by the end of 2014, but strong demand will keep the percentage of vacant apartments compared to overall stock very low for a very long time.
Indices Show Strong Price Gains, Multifamily Leads Way 
Buyers continued to bid up commercial property prices this spring and summer, according to the latest round of commercial property price indices. But not every property type is gaining value in the same way. Many investors are broadening their horizons, looking beyond the most expensive properties and the safest core property markets as they hunt for higher yields.
How to Get the Energy Star Plaque in Multifamily Buildings  1
Apartment buildings have a new way to show off how energy efficient they are: an Energy Star score from the U.S. Environmental Protection Agency. If the score is high enough, a building can even get an Energy Star plaque to go next to its front door.
Fannie Mae Survey Says: Multifamily, Go Green 
When it comes to multifamily properties, it pays to go green, according to the latest research from Fannie Mae. The government-sponsored enterprise’s new report found a huge difference between the spending on utilities at the most efficient apartment buildings compared to the least efficient.
CRE Investors Focus on New Markets, Asset Classes 
Real estate executives are following higher yields to tertiary markets and class-B and class-C properties.
Conduit Lenders Threaten Life Companies' Love for CRE 
Life insurance companies love commercial real estate—but competition from conduit lenders could cut into their lending volume.
Apartment Developers Overbuild a Few Markets  6
Even supercharged demand is unlikely to rescue a few metro areas where the supply of new apartments is growing especially quickly. Most of these construction-crazy metros have something desirable to draw developers, such as strong projected job growth.
Construction Lenders Look for Opportunities Beyond Multifamily Projects  1
The construction boom is spreading to office buildings, industrial projects and even residential condominium projects as top lenders look to add more variety to their balance sheets.
Demand for Apartments Proves Stronger Than Thought, Driven by Millennials 
Good news for multifamily housing—demand for space is likely to be even stronger than experts estimated, helping the sector keep ahead of new construction for the immediate future, according to the Mid-Year Outlook 2104 from Freddie Mac Multifamily Research.
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