Betting on Interest Rates
How long do we really think interest rates will stay down? Its probably the most important question facing real estate players today. Low interest rates have allowed many borrowers to sidestep default or foreclosure and enabled refinancing at lower rates than original mortgages. In fact, low rates have allowed the industry to steer mostly clear of the cliff of hundreds of billions of dollars of commercial mortgages refinancing in an environment where many borrowers struggle with balances at or above property values. Simply, they have prevented a debacle.
TORONTO and DALLAS—Starwood Capital’s revised offer of US$16.25 for Milestone Apartment REIT trust units follows pushback from institutional unitholders.
IRVINE, CA—Average wage increases outpaced single-family rent hikes in 67% of the markets studied by ATTOM Data Solutions, a metric that the firm’s Daren Blomquist calls “a recipe for sustainable growth.”
WALNUT CREEK, CA—In this EXCLUSIVE commentary, one finance expert takes a closer look at the bread and butter of the CRE industry, which he says are the small and local real estate investment and development firms.
DALLAS—Multifamily rents are still rising and stable, cap-rate spreads are healthy, the markets continue to grow, and even with the recent rise in interest rates, strong demand remains for this asset type, GlobeSt.com learns in this EXCLUSIVE.