Commercial real estate investors became even less optimistic this quarter, in large part because optimism over declining rates has waned.
In Q1 2024, nearly 1,040 apartment properties were sold for $20.6 billion.
AAA bondholders of a well-known Manhattan office building faced devastating losses as Blackstone's fire sale led to a bond devaluation.
This marks two consecutive months with rent growth above 3.0%, signaling a steady recovery from an 18-month period of deceleration.
Nine out of the ten U.S. metros with the steepest rent declines are in the Sun Belt, with Seattle being the only exception.
Washington Federal Bank is selling billions in unpaid multifamily loans to Bank of America to reduce its CRE exposure.
The property fund teeters on the brink of running out of credit and cash by the end of the year.
When examining year-to-date changes in effective revenue, only the Northeast showed positive results.
Developers ramp up construction of rental homes in response to soaring housing prices.
The bank injected an additional $1.4 billion from its balance sheet. Fund’s lending capacity exceeds $7 billion including leverage.
Lending on industrial properties surged in Q1, while most other property types saw declines.
Confidence in the market for new multifamily housing declined year-over-year in the first quarter of 2024.
