Strong as Steel
PITTSBURGH'S APARTMENT MARKET seems to have as many things going for it as it has bridges—which is a lot.
Jacks of All Trades
OVER THE PAST FEW YEARS, many multifamily CFOs added a new, albeit unfortunate, bullet point to their resumes: “loan workout specialist.” Some could probably also add: “crisis management expert.
If time is money, how can I control the clock?
Unlearning bad habits picked up during the boom years is the first step to recovery.
-
Exclusive Research: Finance Execs Expect More Distressed Opportunities in 2011
Nearly 62 percent of multifamily investors and developers anticipate more distressed acquisition opportunities in 2011, according to an exclusive survey of nearly 200 senior-level multifamily finance professionals.
-
Financial Reform Act's Impact on Multifamily Borrowers Yet to be Seen
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.
Take a look at your “break-even volume,” which is the bare-minimum volume of work that you need to complete (and get paid for) in order to keep your doors open.
-
Sizing Up the FHA's Recent and Proposed Changes
Some of the FHA's multifamily programs haven't seen changes in more than 40 years. So, in announcing new leverage and debt service levels, the FHA took the opportunity to enact a slew of other changes, and propose a few more.
Managing by the numbers
Digging for Dollars
Developers are, inherently, eternally optimistic.
Smaller Trades Dominate
ALTHOUGH ECONOMIC conditions are improving in Connecticut's Fairfield and New Haven counties, the turnaround has yielded only modest changes in apartment fundamentals so far this year.
Making it Work
WORKFORCE RENTAL HOUSING, ideal for professionals such as teachers, firefighters, and nurses, has always been treated as a stepchild in the affordable housing world.
Pop Quiz: Q&A With Tom Gleason, Executive Director of MassHousing
Tom Gleason has spent his career working in affordable housing lending and community development finance.
-
Budgeting and Forecasting Software Gains Traction
While changing a key business process can be disruptive, sometimes the cost of staying the same gets prohibitive.
The Upside-Down Recovery
AS THE APARTMENT RECOVERY takes shape, market watchers have agreed on a term to describe the way things are progressing so far—surprise.
Historic Rehab Finalists
CHICAGO— As the financial markets slid into chaos, the last piece of a complex financing puzzle fell into place for Britton Budd Apartments.
Rural Finalists
MESCALERO, N.M.— The name I-Sah'-din'-dii means “drumbeat” in Apache.
-
Timing the Materials Market
As the price of materials such as lumber and concrete continue to fall, many developers are employing an "as-needed" approach to purchasing at the end of the second quarter.
-
Multifamily Acquisition Market Heats Up as Cap Rates Fall
The acquisition market has been gathering steam in the second quarter, with cap rates declining nationally and the gap between buyers and sellers narrowing. The bidding on high-quality assets has become so frenzied that many long-term holders are beginning to wonder if now is a good time to sell...
From Hotel to Housing
PORTLAND, ORE.— Five years, 23 sources of funding, and about 6,000 pages of documents. That and more went into creating a new affordable housing development serving many of the city's neediest residents.