Multifamily Calfornia
(Hyper) Active Adult Projects
Burbank, Calif. - This winter, Suzanne Knode will get to watch her own short film, “Bandida,” on Showtime’s “This American Life.” The 69-year-old, who had never made movies before, wrote and produced her eight-minute film about an old woman who robs a convenience store through one of the activities at the “active-adult” housing project for seniors aged 55 and older where she lives. Read more
A New Deal for Housing?
With Democrats taking control of the U.S. Congress and the long run-up to the 2008 presidential election about to begin, this is a great time for apartment owners and developers to re-examine their business plans with an eye toward Washington, D.C., and federal housing policy. Read more
Multifamily developers entered the holiday season atop the wish lists of many income-property construction lenders. But as commercial banks and other lenders enter the new year facing an “inverted yield curve” requiring higher interest rates on short-term adjustable debt than fixed-rate loans, they’ve generally been forced to reduce the rate spreads they can charge on floating construction loans. Read more
Perhaps contrary to the conventional wisdom, most of the major multi-market apartment lenders will actively look to place plenty of debt in secondary and tertiary markets in 2007. Read more
While its overall mortgage volume dipped in 2006, the Federal Housing Administration (FHA) is working on improving several key seniors-focused programs in 2007. Read more
Apartment owners and investors can look forward to another strong year in 2007, as rental rates are expected to continue climbing even after posting their biggest gains in five years. Read more
Steady As She Goes
Executive of the Year Susan M. Ansel has managed to help Gables Residential navigate the storm. Read more