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The 344-unit portfolio was acquired by Olivetree Management and financed with $57 million in Fannie Mae loans.
Net absorption of the multifamily oversupply depends on a handful of heavy performers.
In-person work isn't dead.
INDUS, Hillwood grab new facilities as deliveries flood market.
One bank expects peak-to-trough property value declines of 71% and a 24% default rate.
For the first time in years, the retail market is at a point of being supply-constrained – at least for space in quality shopping centers
Vacancies have hit a record high.
Year-to-date (YTD) absorption has nearly surpassed the total demand from last year
Meanwhile, asking rents increased to $9.97 in the three months ending June.
Despite the rise in vacancy, industrial markets are showing increasing levels of demand.