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Taking on clients for your property management business isn’t as easy as it used to be. With many owners crushed under the weight of burdensome loans, they don’t have the money for property improvements or even vital services. That can leave their managers in a bind.
Changes are afoot at Atlanta-based Wood Partners. Jerry Durkin will be moving up to the chairman role (and stay on the board of directors), while Ryan Dearborn will become the firm's new CEO. Additionally, CFO Joe Keough will be adding the COO title to his business card.
Following on the heels of a similar announcement from Freddie Mac, Fannie Mae has re-engaged its DUS Plus and CI Mezz-Mod Rehab programs, offering borrowers up to 80 percent leverage.
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Freddie Mac has rolled out a mezzanine arrangement aimed at plugging the gaps in the capital stack of overleveraged multifamily borrowers.
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David Lynd doesn’t think multi-disciplinary, stand-out industry performers are necessarily new to multifamily—and definitely not new to the Lynd Co.
In 2008, Houston-based apartment and student housing developer the Dinerstein Cos. adopted the LEED green building standards developed by the U.S. Green Building Council for all of its projects moving forward. That may have been the easy part.
Public REITs are poised to break ground on as much as $1 billion in new development this year in another sign of industry confidence that fundamentals are improving.
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Memorial services will be held tomorrow in Detroit for UDR Chairman Robert Larson, who passed away March 11.