McLEAN, VA—Freddie Mac has unveiled the details of a new program in which it will purchase and securitize small multifamily loans of $1 million to $5 million for assets that have least five apartment units. The GSE has a designated Small Balance Loan team for the production, pricing, underwriting, closing, purchasing and funding of these loans, which are expected to further expand the inventory of affordable rental housing in the US. …

NEWARK, DE—Ground was broken on Alder Creek, an affordable housing community that was once a brownfield site.

NEW YORK CITY—Saying the leasing and investment sales markets have never been stronger, industry leaders at RealShare New York also surveyed the changes these markets have seen since the downturn.

DALLAS--Henry S. Miller Cos., TriVest Residential and Oklahoma City-based WholeLife Cos. Inc. have finalized an agreement to reposition ownership of property contracts and assets of the Henry S. Miller Realty Management portfolio.