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.
Moody's sees early signs of a recovery in CRE as the decline in transactions slows.
Adaptive reuse projects jumped 17.6% last year, converting more outdated buildings to apartments than in 2022.
The disparity between rent growth and wages has created a growing affordability gap for renters across the U.S.
Healthcare Realty and KKR join forces to capitalize on outpatient real estate properties.
National apartment occupancy rates, which have been on a downward trend since early 2022, may finally be showing signs of stabilization.