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Highlands Ranch, Colo.-based UDR is offering 16 million shares of its common stock priced at $20.35 per share to generate proceeds of approximately $312.1 million (and possibly up to $359.0 million), the multifamily REIT announced today. Proceeds from the sale will be used to pay down debt as well...
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Interest rates from Fannie Mae and Freddie Mac have fallen 50 basis points in August alone, reaching the mid-4 percent range on 10-year deals.
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Some multifamily firms have been able to creatively wrestle new dollars, while cutting expenses, by uncovering latent opportunities throughout the downturn.
If you were one of the few developers fortunate enough to get financing for a new project in 2010, you'd probably think frills such as a pet saloon, music room, or community kitchen might seem a bit excessive in an economy with 10 percent unemployment (even if things are expected to be better in a...
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One of the country’s largest multifamily developers, Indianapolis-based S.C. Bodner Co., faces allegations of fair housing discrimination.
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The Dodd-Frank Wall Street Reform and Consumer Protection Act will effect both banks and conduit lenders. But as regulators struggle to reconcile the Act's principles with real-world rules, those effects won't be known for some time.