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Volume 17 | Issue 38 | Thursday, September 19, 2019

The Lede

 

MBA Survey: Life Insurance Cos. Could Fund Additional $10B in Multifamily Lending in 2020

Life insurance companies could increase their multifamily lending volumes by $10 billion in 2020 from 2018 volumes, the Mortgage Bankers Association reported.

 

Top National News

 
Life Insurance Companies to Fuel Multifamily Surge in 2020

HousingWire, Sept. 17, 2019--Kelsey Ramírez
Life insurance companies are set to create a surge in multifamily lending in 2020, according to a new study from the Mortgage Bankers Association.

Opportunity Zones Catch the Eye of CRE Investors

Commercial Observer, Sept. 16, 2019
Meridian Capital reported 11 percent of CRE owners surveyed said they have used opportunity zone tax incentives as part of their financing stack during the last two years.

Autonomous Cars on a Crash Course with the Real Estate Industry

RE Journals, Sept. 13, 2019--Michael Zaransky
Moving to a future where people don't own cars may be hard to imagine, but many experts believe a transportation revolution is coming and real estate may be the industry most affected by these advances.

Average U.S. Rent Climbs to $1,472 in August

HousingWire, Aug. 16, 2019--Alcynna Lloyd
America's rental prices continued to grow in August, as RentCafé indicates the nation's average rent increased $47 from the previous year.

This Key Construction Indicator Just Tanked

CNBC, Sept. 18, 2019--Diana Olick
Demand for commercial real estate design services plummeted into negative territory in August, after already soft scores in July.

Dealmaker of the Week

 
JLL Arranges $193M in Chicago, New York

JLL, Chicago, arranged $193 million for a Chicago mixed-use development and a New York office property.

People in the News

 
Civic Financial Services Grows Correspondent Team

Civic Financial Services, Redondo Beach, Calif., named Nancy Aplin as West Coast Regional Sales Manager and Norma Navarro as Operations Manager.

News and Trends

 
CREF Corner Office Conversation with CIT's Matt Galligan

The Mortgage Bankers Association released an interview with CIT Vice Chairman of Real Estate Finance Matt Galligan, who shared his perspective on commercial real estate trends.

MBA, Others Urge Terrorism Risk Insurance Act Reauthorization

The Mortgage Bankers Association and more than 100 other organizations representing various business interests urged Congress to reauthorize the Terrorism Risk Insurance Act, which is set to expire at year-end 2020.

Mortgage X Podcast Features MBA COO Marcia Davies

The current episode of Mortgage X, a podcast featuring mortgage veterans and national speakers Christine Beckwith and Jason Frazier, features Mortgage Bankers Association COO Marcia Davies.

MBA Joins Trade Groups in Push for Affordable Housing Near Transit

With affordability playing an increasing role in the future of housing, the Mortgage Bankers Association joined more than a dozen industry and consumer trade groups this week in a letter to members of Congress in support of legislation that would promote federal investment in public transportation projects.

MBA Chart of the Week: Commercial/Multifamily Originations Forecast

The Mortgage Bankers Association forecasts commercial and multifamily mortgage bankers will close a record $652 billion of loans backed by income-producing properties this year, 14 percent higher than last year's record volume ($574 billion).

Overseas Investors Turn Net Sellers of U.S. Real Estate

Real Capital Analytics, New York, reported overseas investors became net sellers of U.S. commercial real estate in first-half 2019 for the first time since 2012.

FHFA Increases Fannie Mae, Freddie Mac Multifamily Caps

The Federal Housing Finance Agency on Friday revised its cap structure on Fannie Mae and Freddie Mac's multifamily businesses.

Institutional Investors Downgrade 2019 Return Expectations

Institutional investors are decreasing their expectation for 2019 commercial real estate returns, the Pension Real Estate Association's Consensus Forecast Survey reported.

Commercial/Multifamily Briefs

Blackstone, New York, closed its latest global real estate fund, Blackstone Real Estate Partners IX, at $20.5 billion of total capital commitments, making it the largest current real estate fund.

MBA News

 
MBA Education Overview of C/MF Insurance Compliance Oct. 15


Commercial insurance is a dynamic component of real estate finance. Join MBA Education for a webinar covering the various elements of commercial insurance on October 15 from 2:00 to 3:30 ET.

MBA Education Multifamily School of Mortgage Banking in Washington, D.C. Feb. 2020

MBA Education's Multifamily School of Mortgage Banking provides a comprehensive and interactive look at the critical elements of multifamily real estate finance.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem jmechem@mba.org

Editor: Mike Sorohan 202/557-2855 msorohan@mba.org 

Editorial Director: Michael Tucker 202/557-2851 mtucker@mba.org 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856 lhall@mba.org

Advertising Opportunities: Bill Farmakis 203/834-8832 bill@jlfarmakis.com

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One Voice. One Vision. One Resource. The Mortgage Bankers Association (MBA) is the national association representing the entire real estate finance industry. For more information visit us at mba.org.