MBA NewsLink Staff
KIG CRE joins Cushman & Wakefield
Cushman & Wakefield's Chicago office acquired multifamily institutional investment sales brokerage firm KIG CRE.
Susan Tjarksen, Todd Stofflet and Jason Stevens joined as Managing Directors on October 1, accompanied by Laura Ballou, Jacob Albers, Daniel Falkenberg, Caleb Zielke and Brenda Cuellar.
KIG CRE was founded in 2015 as a data-driven brokerage firm operating throughout the Midwest. The sales team has brokered more than $2.4 billion of multifamily sales, 145 acres of multifamily land and sold more than 33,000 apartment units.
Amadeus Completes $1.5 Billion TravelClick Acquisition
Amadeus, Madrid, Spain, completed its $1.52 billion acquisition of TravelClick from private equity firm Thoma Bravo, Chicago. Nearly 1,100 TravelClick employees will join Amadeus.
Amadeus Senior Vice President Francisco Peréz-Lozao will lead the enlarged hospitality customer unit.
Freddie Mac Prices $483 Million Multifamily Small Balance Loan Securitization
Freddie Mac, McLean, Va., priced its SB54 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company said it expects to guarantee $483 million in Multifamily SB54 Certificates, which it anticipates will settle on or about October 23.
Freddie Mac Small Balance Loans generally range from $1 million to $6 million and are backed by properties with five or more units. This is the tenth SB Certificate transaction in 2018.
J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC served as Co-Lead Managers and Joint Bookrunners.
Freddie Mac will guarantee five senior principal and interest classes and one interest-only class of securities issued by the FRESB 2018-SB54 Mortgage Trust. In addition to the six classes of securities guaranteed by Freddie Mac, the trust will issue certificates consisting of Class B and Class R Certificates not guaranteed by Freddie Mac that will be sold to private investors.