SAN FRANCISCO—Some policy reforms expanding the production of these units, along with financial incentives, outreach programs and the acceleration of the housing crisis, have spurred more construction.

NEW YORK CITY—Two years into his tenure, VEREIT CEO Glenn Rufrano charts the net lease giant's progress in re-establishing itself, telling GlobeSt.com, "I believe we are now fully credible" in the public markets.

TORONTO and DALLAS—The privatization of Milestone Apartments Real Estate Investment Trust adds some 24,000 apartments in the Sunbelt to Starwood Capital's multifamily portfolio.

MOUNT LAUREL, NJ—Two nominees sought by EJF Capital will be nominated to PHH Corp.'s board at the mortgage services company's annual meeting in June.