Business And Finance - Multifamily Housing Industry News and Archive Information for Multifamily Executives

Business

Institutional Investors Hot on Revenue Management Adoption

Institutional investors are adopting apartment revenue management technologies at increasing rates.
Top 4 Multifamily Business Strategies for 2012

Multifamily operators investigate the pros and cons behind the most progressive business strategies for 2012.

All articles in Business

Commercial Property Analyzergreat free widgetsWidgetbox

Finance

Fannie Mae's Multifamily MBS Issuance Jumped 45 Percent in 2011 ; Fannie Mae GeMS(TM) Issuance Reached $6 billion Milestone in the Program's First Year

WASHINGTON, Jan. 24, 2012 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced that the company issued $7.2 billion...
Good, or at least non-bad, signs on the housing market

Jan. 24--David H. Stevens, president of the Mortgage Bankers Association, recently paraphrased Thomas Jefferson in assessing the housing...
Small-Loan Market Heats Up

Fannie Mae saw some stiff competition from the banking sector last year for loans of $5 million or less, and that dynamic should only grow...

All articles in Finance

Pacific

California home construction reaches all-time low in 2011
Jan. 26--Responding to falling prices and stiff competition from foreclosures, home building activity in 2011 dropped to an all-time low in Inland Southern California, according to a report released Wednesday by the California Building Industry Association.
PRG Buys $36.4-Million Canyon Creek Apartments in Riverside, Calif.
Phoenix Realty Group (PRG) has added a 12th apartment community to its Southern California portfolio with the acquisition of the $36.4-million Canyon Creek Apartments in Riverside, Calif. The transaction closed in late November 2011.
Seattle Sits Pretty
Nicknamed the Emerald City for its lush evergreen forests, Seattle has evolved into a jewel of a multifamily market, as well.

All articles in Pacific

Mountain

Comeback Cities
Las Vegas, Phoenix, and Miami have been lumped together as the poster children for distress, but each metro is climbing back up in its own way.
Analysts Supportive of Equity's Recent Move in Archstone Sale
Last week’s announcement by Chicago-based Equity Residential (EQR) that it entered into an agreement to spend $1.325 billion in cash for a 26.5 percent ownership interest in Denver-based Archstone, which owns 48,922 units and has 1,332 units under construction, took some people by surprise.
Archstone Sale Watch
Multifamily Executive is keeping close tabs on the potential sale of Archstone, as Lehman Bros., Bank of America, and Barclay’s try to navigate the right disposition strategy for the portfolio that was taken private for $22 billion in 2007. Check out our coverage, along with breaking news from...

All articles in Mountain

Plains

In Cities, Purchasing Multifamily Pays Over Renting
Trulia's index shows buying an attached home is a better deal than renting in most U.S. cities.
Hottest Multifamily Markets for 2011
These markets are likely to see the biggest increases in multifamily construction in 2011, based on 2010 permit data.
Healthiest Housing Markets for 2011
The Builder Market Health Index points to much better prospects for 2011.

All articles in Plains

Great Lakes

Chicago Skyscraper Ads Stir Controversy
Jan. 19--With its curving green glass wall echoing a bend in the Chicago River, 333 W. Wacker Drive is one of Chicago's most beloved skyscrapers, a renowned example of architecture that simultaneously draws inspiration from its surroundings and upgrades them.
Focus on Energy Launches New Residential Energy Programs
A summary of new programs offered in 2012 include:
Analysts Supportive of Equity's Recent Move in Archstone Sale
Last week’s announcement by Chicago-based Equity Residential (EQR) that it entered into an agreement to spend $1.325 billion in cash for a 26.5 percent ownership interest in Denver-based Archstone, which owns 48,922 units and has 1,332 units under construction, took some people by surprise.

All articles in Great Lakes

West South Central

MetLife Acquires Luxury Apartment Tower in Chicago
MetLife, Inc. (NYSE: MET) announced today that it has, through a subsidiary, purchased EnV, a luxury multifamily property located in Chicago's River North neighborhood.
Non-Refundable Deposits on the Rise
Non-refundable, non-due diligence deposits are a buyer-driven phenomenon, and typically signify froth in competitive markets.

All articles in West South Central

East South Central

Thousands on waiting lists for low-income housing in Chattanooga
Jan. 23--Loretta Tate is a 30-year-old mother of two, and she has no home.
Chattanooga Ranks No. 3 in Apartment Cost Growth
Jan. 19--Chattanooga ranked with big metro areas such as San Francisco, San Jose and New York in apartment rent increases in 2011, pointing to signs of a rising local economy, officials said.

All articles in East South Central

New England

Hottest Multifamily Markets for 2011
These markets are likely to see the biggest increases in multifamily construction in 2011, based on 2010 permit data.
Healthiest Housing Markets for 2011
The Builder Market Health Index points to much better prospects for 2011.
Cool Houses That Challenge the Status Quo
Four unconventional homes offer elements of the unexpected.

All articles in New England

Mid-Atlantic

Good, or at least non-bad, signs on the housing market
Jan. 24--David H. Stevens, president of the Mortgage Bankers Association, recently paraphrased Thomas Jefferson in assessing the housing market: It's "swimming with the current rather than standing like a rock," and what is needed now is "rock-like certainty."
Apartment Buildings Sell Big in The Big Apple
INVESTMENT brokers had a booming year of apartment building sales in 2011 and expect the trend to continue as market and stabilized rents continue to rise.

All articles in Mid-Atlantic

South Atlantic

Iconic Bank Building to Become Apartments
Jan. 24--One of Richmond's first skyscrapers is being converted into apartments.
Orlando: Not the renters' market it used to be
Jan. 09--One group that has not benefited from Orlando's precipitous drop in housing prices is renters.

All articles in South Atlantic

Mortgage, Loan, and Cap Rate Calculators

Commercial Loan and Mortgage Calculators
Source: CommercialBanc.com

Multifamily Mortgage Calculator
Source: Unique Capital

Multifamily Quick Loan Sizer
Source: Avant Capital Partners

Gross Rent Multiplier (GRM) Calculator / Cap Rate Calculator
Scource: King Realty

How to Determine the Cap Rate of a Multifamily Property
Scource: eHow.com

Send Me Your Business News

Senior editor Les Shaver has his thumb on the pulse of all things business-related. Have an interesting lead or angle for him? Send it to lshaver@hanleywood.com.

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