The all-property CMBS delinquency rate fell to a new post-financial crisis low in July, according to both Trepp LLC and ratings agency Fitch. Trepp calculated the 30+ day all-property delinquency rate at 2.62 percent, a 22-basis-point drop from where it was in June. The figure was also down 119 basis points compared to July of 2018.
Borrowers looking to increase their assets and diversify their portfolios have more financing options today than ever before. Yet securing the proper financing for a real estate project can prove to be challenging, especially considering investment strategy is not a one-size-fits-all approach.
In this episode of the NREI Weekender Podcast, David Bodamer and co-host Aric Johnson discuss top stories around the correlation between the macro-economic backdrop of the Fed dropping rates and the real estate industry, including office vacancy rates, the state of regional malls, why college graduates are moving home, and the cost of living across the country.
A small apartment building in Greenwich Village just changed hands, providing an early indicator of the values of rent-stabilized properties under new state rules.
Harrison Street, an investment firm that buys and sells education, health-care and storage properties, raised $1.3 billion for its seventh U.S. opportunistic real estate fund.
The New York Times looks at what it would take to bring about a recession next year. The U.S. Department of Housing and Urban Development to investigate whether San Francisco violated non-discrimination laws, reports the San Francisco Chronicle. These are among today’s must reads from around the commercial real estate industry.
