Multifamily

The REIT gets kudos for closing the deal in a challenging capital markets environment.

Target markets include the major ports and key logistics nodes.

Many cities' homes are overpriced by 40% while rent premiums are as high as 15%.

Elevated interest rates and overall costs are expected to curb most development.

Interest-free loans cover costs to meet new code in wake of Surfside collapse.

The financing is a blend of local bonds, tax credit equity, and local subsidies.

Multifamily renewals and build-to-rent houses offer industry optimism.

Empire State governor running out of time to seal budget deal as suburbs balk.