Commercial real estate groups are nervous about the uncertainty around how new regulations may alter lending practices. In addition the Dodd-Frank Wall Street Reform and Consumer Protection Act and pending changes from the Financial Accounting Standards Board, the prospect of the third Basel Accord (Basel III) hangs over the industry.
With a few exceptions, apartments developers shouldn’t worry too much about the building cranes looming over hot apartment markets—overall supply is in line with demand for rental housing, according to “The State of the Nation’s Housing 2013.”
A slow recovery continues to spread through commercial real estate as more property types benefit from strengthening fundamentals, according to the latest information from top commercial real estate indices.
Just when you thought it was safe to read a news story about Congress, legislators are risking the entire commercial estate finance system by delaying the renewal of the Terrorism Risk Insurance Act of 2002.
WNC, an investment company based in Irvine, Calif., which focuses on affordable housing, announced the closing of its WNC Institutional Tax Credit Fund X, California Series 11 L.P., a $46 million fund focused on government-subsidized affordable housing developments in California.
But recent news, including a set of reports from the FHFA, the rising value of the GSEs and the strengthening market for single-family homes outline the large potential cost of stripping Fannie and Freddie of their government guarantee.