With pandemic-related restrictions being rolled back, the GSEs remain very active in multifamily lending, especially on affordable housing.
PACE programs are now operating in nearly half the states in the U.S. and only 14 have not passed legislation enabling the financing structure.
In spite of some hiccups last year, the outlook for both leasing and investment in the sector is as strong as ever.
There are some concerns about potential overbuilding, but by and large investor interest in the sector has returned to pre-pandemic levels.
The company's current leadership’s CRE experience and a new structure for going public make success more likely in 2021.
Yardi Matrix looks at which U.S. markets are likely to see the highest apartment rent growth this year.
Fund managers are having a tougher time reaching fundraising targets, requiring them to stay in the market longer than intended.
As the U.S. vaccination campaign gained steam, many previously struggling tenants were able to contribute more money to rent collections.
Among other measures, federal officials have ordered the GSEs to purchase more loans on affordable to moderate-income properties.
“The stance of dramatically reducing office space as a result [of the pandemic] has softened in recent months,” notes one market observer.
