Bendix Anderson

Bendix
Anderson
Articles
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  1
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.
Non-Listed REITs Booming  2
High-net-worth individuals are pouring cash into non-listed REITs, which continue to aggressively stockpile assets as they build portfolios.
Equity Investments Transform the Alter Group 
The firm is changing its whole business model as it plans its next round of development, using more capital from equity investors and less capital from the founder’s family to start projects and keeping the family’s capital tied up in these properties for a shorter time.
Auction.com Grows with Google 
The recent $50 million investment by Google Capital in Auction.com will give both companies access to a rich trove of real estate data.
International Development Booms, According to PwC 
A worldwide boom in development is coming—especially in emerging economies, according to Byron Carlock, U.S. real estate practice leader for PricewaterhouseCoopers.
Finding Multifamily Trouble Spots 
All of the markets with large volumes of apartments in the works are relatively healthy now, with vacancy rates under 5 percent.
Fannie, Freddie Still Fighting to Make Loans  1
Federal officials have set tight limits on how much Fannie Mae and Freddie Mac program lenders can lend to multifamily properties—and those limits may drop again this spring.
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