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Former Fannie Mae Headquarters. Photo by Wikipedia.

WASHINGTON, DC–Fannie Mae’s Multifamily Green GeMS REMIC No. FNA 2017-M15 A2 has been added to Bloomberg Barclays MSCI Green Bond Index, a measure of fixed-income securities issued to fund projects with direct environmental benefits. The REMIC priced in December 2017 and was backed by loans on green building certified properties. Fannie Mae’s first green REMIC priced in February 2017.

The move will help the GSE get a more diverse investor base, improve liquidity and therefore improve the finance and execution for borrowers on the front end, Lisa M Bozzelli, Director, Multfamily Capital Markets at Fannie Mae tells GlobeSt.com.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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