Archive for September 2020
Are you prepped for statewide rent and eviction controls set to take effect January 2020?
Rental housing providers will be exposed to a new regulatory regime, to varying degrees, depending on whether the property is located and when the first Certificate of Occupancy was issued. The newly minted state law calls for annual rent caps of 5 percent plus the local rate of inflation with an expiration date of 2030.…
Read More‘Think Of It As A Rent Jubilee’: Tenant Advocate Cea Weaver On The Cancel Rent Movement New York
We are hearing from members of the commercial real estate industry about how they are managing this new reality and gaining insight into their day-to-day approaches. You can subscribe on iTunes and Spotify. Courtesy of Cea Weaver/Photo by Elijah Stevens Cea Weaver, a tenant advocate in New York for the Upstate/Downstate Housing Alliance This week, our…
Read MoreBlackstone gets back into the single-family rental game
Minority investment in Tricorn Residential comes after selling stake in Invitation Homes just months ago September 1, 2020, 6:15 pm By James Kleimann Blackstone Group, which blazed a trail for Wall Street in 2012 when it formed Invitation Homes and became the largest owner of single-family rental homes in America, has returned to a familiar watering hole. The financial…
Read MoreDistress Investors Wait for Moratoriums on Evictions to Lift
Although many tenants aren’t paying rents and many landlords aren’t paying mortgages, the floodgates haven’t opened yet. By Les Shaver | September 01, 2020 at 07:40 AM In late April, Mark Foster, attorney at Snell & Wilmer in California, put together a couple of distressed opportunity funds for his clients. The clients wanted to get out in front…
Read MoreApartment Rent Payments Fall for Third Straight Month
And the trend is likely to continue in September, forecasters warn, as states and FEMA try to roll out a program to partly restore unemployment benefits. By Scott Graham | September 02, 2020 at 07:08 AM Apartment rent payments continued their downward drift in August. But the industry’s eyes are focused on September, as states try to fill…
Read MoreThe USPS In Selling Some Of Its Oldest Properties
National Capital Markets August 26, 2020 Matthew Rothstein, Bisnow Commons 421 Eighth Ave. As the United States Postal Service sits at the center of heated political debate, it has also been seeking to raise capital through real estate deals. The USPS is looking to sell some of its older buildings, at least one of which…
Read MoreCould July Investment Activity Signal a Rebound?
Southern California investment volumes hit $3 billion in July, the highest monthly total in 2020. By Kelsi Maree Borland | September 01, 2020 at 04:00 AM July investment volumes in Southern California could be signaling a rebound in activity. In July, investment volumes surpassed $3 billion, according to a report from CBRE. The month was the highest monthly total…
Read MoreAs Another Month’s Bill Comes Due, Renters at Small Apartment Buildings Struggle
Tenants in buildings with four or fewer units are more likely to be experiencing financial hardships preventing them from paying rent. Bendix Anderson | Sep 01, 2020 Note: This story has been updated with new information about a federal eviction moratorium announced Tuesday evening. The vast majority of residents kept paying rent this summer at larger apartment communities–despite…
Read MoreWhat would Biden’s first-time homebuyer tax credit look like in action?
August 31, 2020 In today’s Daily Download episode, HousingWire covers Democratic Presidential Nominee Joe Biden’s proposed $15,000 first-time homebuyer tax credit. For some background on the story, here’s a summary of the article: Former Vice President Joe Biden has proposed a $15,000 tax credit to help first-time homebuyers purchase a property. As is typical for campaign proposals from either party, the details…
Read MoreFHFA extends foreclosure and eviction moratorium for a third time to Dec. 31
FHFA Director Calabria says most recent extension will protect more that 28 million homeowners August 27, 2020, 3:06 pm By Alex Roha Four days ahead of its previous expiration date, the Federal Housing Finance Agency extended its moratorium on foreclosures and evictions for borrowers with mortgages backed by Fannie Mae and Freddie Mac until Dec. 31. After its prior extension to Aug. 31…
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