Fannie and Freddie: Plan to Restructure

The multi-family industry has taken a hit recently with the restructuring of Fannie Mae and Freddie Mac. Owners and developers of apartment complexes will feel the impact of any change in the two government-owned lenders. Three years ago, Fannie Mae and Freddie Mac accounted for 70 to 80 percent of the finacning for multi-family housing  but with current plans to restructure, there's no doubt any change will keep the apartment industry on edge.
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Where the Heck is the Market Going?

We work in a firm that is predominantly a leasing brokerage. If you want to find out how the economy is really working, leasing is a true indicator. Lease up is generally happening for the wrong reasons, either because a better lease rate is going there, a sub lease, or a smaller space.

Paradoxically, the nationwide apartment market continues on a steady recovery. Effective rents increased or remained unchanged from last quarter in 29 out of 30 markets, as is occupancy. Decreasing cap rates followed the reduction in interest rates and increased buyer activity, while new construction was virtually nonexsistent.

San Francisco Bay Area Multi-Family parallels the nationwide market.

Fortress Takes Over San Francisco's Villas Parkmerced

Fortress Takes Over San Francisco's Villas Parkmerced Fortress Investment Group has taken over the owership entity of San Francisco's Villas Parkmerced apartment complex, after acquiring the mezzanine debt against the 3,221-unit property...read more.

SF Bay Area Multi-family Market

Nationwide apartment market continues on a steady recovery. Effective rents increased or remained unchanged from last quarter in 29 out of 30 markets, as is occupancy. Decreasing cap rates followed the reduction in interest rates and increased buyer activity, while new construction was virtually nonexistent. San Francisco Bay Area Multi-family parallels the nationwide market....Read more

Apartment Leases, Rents Pick Up - WSJ.com

May and June have shown clear signs of a turnaround in the cycle. We saw the slide continue through March however as we enter July the arrow has changed direction.



http://online.wsj.com/article/SB1000142405274870328000457530905391825977...