EVP and Head of Mortgage Banking, Hilary Provinse, shares what lies ahead for multifamily financing in 2021.
Read MoreIn the period just prior to 2008, the commercial real estate sector was riding a wave of unbridled optimism. That positivity was fueled by unprecedented price growth and confidence that values were only headed in one direction: upward. Enter the Great Recession, following the collapse of Lehman Brothers in the fall of 2008. Suddenly the […]
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Despite rumors to the contrary, millennial professionals are more concerned about getting a job and paying their bills on time than being within walking distance of a trendy mixed-use development. Young renters are gravitating toward locations with these strong economic fundamentals to serve as a post-graduation landing spot: Competitive starting salaries Affordable multifamily housing Proximity […]
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Effective rent growth was moderate again in the national apartment market during the third quarter of 2017, with annual growth registering 2.9%. Average monthly rent is now $1,335. Effective rent growth has been holding between 2.5% and 3% this year. Among the larger metros, relatively high apartment occupancy underpinned healthy rent growth in the Sacramento […]
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