Reis reports that apartment rents grew by 0.6% nationally during the fourth quarter of 2014, a bit of a slowdown from the pace observed during 2014’s second and third quarters. Nevertheless, the trend in rents is up. Annual rent growth for apartment rents was 3.5% in 2014. This the best performance … [Read more...] about 2.12.15: Apartment Rents Rise in 2014 Amid Strong Demand, But Is the Party Over?
12.9.11: UBS and Citigroup Price CMBS Issue Amid Strong Demand
UBS and Citigroup priced a $674-million CMBS transaction on December 9 that found strong demand. The AAA-rated super-senior bonds priced mostly in line with initial pricing guidance and at tighter spreads in most cases than comparable paper in the previous multi-borrower transaction -- a … [Read more...] about 12.9.11: UBS and Citigroup Price CMBS Issue Amid Strong Demand
8.17.11: Strong Demand, Tight Supply Improve Demand for Apartments
Investors continue to prefer investment in U.S. apartment buildings over most commercial properties, even commercial office space; total multifamily sales volume jumped nearly 80% in 2011’s second quarter from a year ago. Although still just a fraction of its mid-2007 peak, the nearly $15 billion in … [Read more...] about 8.17.11: Strong Demand, Tight Supply Improve Demand for Apartments
8.9.10: Demand Strong for Goldman’s CMBS Issue
According to Commercial Mortgage Alert, demand easily outstripped supply for the $788.5-million CMBS conduit issue from Goldman Sachs, Citigroup and Starwood Property that rolled out on August 4. The issue collateral consists of 23 mortgages secured by 40 properties. The majority of the collateral … [Read more...] about 8.9.10: Demand Strong for Goldman’s CMBS Issue