May 12, 2022
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CBRE reports record-breaking start to 2022 for U.S. multifamily market
The U.S. multifamily sector saw strong momentum at the start of 2022, with robust demographic trends underpinning record leasing activity, rent growth and investment during the first quarter, according to CBRE’s latest report.
Investment in the multifamily sector increased by 56% year-over-year to $63 billion in Q1 2022 — the strongest first quarter on record and bringing the trailing four-quarter total to $374 billion. Multifamily accounted for 37% of total commercial real estate investment volume in Q1 2022, followed by office at 21% and industrial at 20%.
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Dealmaker databank for the week of May 9
George Smith Partners10250 Constellation Blvd., Suite 2700Los Angeles, CA 90067Evan Kinne, SVP(310) 867-2939ekinne@gspartners.com George Smith Partners placed a JV equity partner on a 90/10 basis for a 134-unit build-to-rent project in Savannah, Ga., for $10.73M. The sponsor and JV equity partner will fully fund the horizontal development and site improvements with 100% equity and a More
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Editor’s picks for top bank lenders: Morgan Stanley, CIBC, Associated Bank
Bank lending will pick up steam during the second half of the year. Expect bank lenders to open to new borrowers and property types in order to get money out the door. Banks will continue to heavily target multifamily and industrial deals, but as they look for additional yield and balancing of their portfolios, they More
