Multifamily Housing

Deep Dive: Private real estate’s surprise problem child

Default risk in the multifamily sector is growing, catching out some managers and their investors – while creating opportunities for others.

Slate identifies growing construction completion niche

Slate Property Group in March originated a roughly $60m loan to reignite a stalled multifamily development in the Astoria neighborhood of Queens, New York.

Bank OZK extends debt streak with $600m Miami-area construction loan trifecta

Berkadia arranged two of the financings, which will increase the Arkansas-based lender’s presence across South Florida.

LaSalle sees a new core emerging for commercial real estate lending, investing

Co-CIO Rich Kleinman says more niche categories are entering the mainstream with prior portfolio staples such as office investments in value limbo.

Fundrise, Toorak and Mesa West complete significant multifamily financings  

The multifamily sector continues to be a favored place for lenders and investors, buoyed by the supply-demand fundamentals.

PGIM Real Estate’s McDonnell sees pivot toward shorter-term loans

The firm expects rates to stay higher for longer, bringing more creative financing opportunities over the next 18 months and beyond.

Monroe Capital doubles down on Second Avenue stake

The Chicago manager is looking to expand its single-family rental portfolio with a second $250m investment in the specialist platform.

Steinbridge creates debt capital markets, capital raising role ahead of $1.3bn pipeline push 

The firm has hired Jay Dunn from RFR Realty to head up capital raising and debt capital markets as it looks to execute on a heavy multifamily and residential pipeline.

S3 Capital plots more New York housing deals despite affordable tax incentive lapse 

The lack of the 421a abatement in New York City is not stopping the Spruce Capital lending arm from pursuing more creative redevelopment opportunities.