Alex Kerrigan

On August 7th, 2019, Freddie Mac released its Multifamily 2019 Midyear Outlook, a report that analyzes the multifamily industry’s recent performance and provides a general forecast of where the sector is expected to go in the coming months.

A new report published by Newmark Knight Frank, titled “The Grocery Store Effect” delves deep into the impact that a nearby grocery store opening can have on the desirability and rent prices of multifamily real estate.

On July 31st, the Federal Reserve lowered interest rates by 0.25% to 2.25%, the first interest rate cut since 2008. And, on August 6th, Freddie Mac Multifamily announced that it was increasing rates and adding additional restrictions for its Small Balance Loan (SBL) program.

This week, Janover Ventures’ Camilo Padron closed a $2.7 million Fannie Mae Small Loan for Mainstreet Townhomes, a 34-unit apartment property in Chandler, TX.

While some in the multifamily industry think the student housing market may be due for a correction, the sector still seems to be a strong choice for investors in 2019.

Since Q2 2019, a new flurry of updates about the government’s Opportunity Zones program has answered many questions about how the program will be operated. Not everything, however, has been fully revealed.