Greystone Closes Industry’s First CLO Comprised Solely of Healthcare Assets

Greystone has closed the industry’s first collateralized loan obligation that consists of only healthcare assets, particularly skilled nursing, assisted-living and independent-living facilities. The Greystone Commercial Real Estate Notes is a $300 million collateralized loan obligation backed exclusively by bridge loans on healthcare-related properties. The company is a real estate lending, investment and advisory company in… Read more...

Hunt Capital Makes $18.3 Million Commercial Loan in Charlotte, N.C.

Hunt Real Estate Capital made an $18.3 million loan to finance the acquisition of a multifamily property located in Charlotte, N.C. Fields at Archdale is a 243-unit, garden-style apartment complex that is comprised of 26, three-story apartment buildings. Built from 1968-1975, the property is situated on 14.59 acres of land and offers 489 parking spaces.… Read more...

REIS: Apartment Vacancy Rate Hits 4.8% in Q3

The apartment vacancy rate increased in the third quarter to 4.8%, from 4.7% last quarter, and 4.4% in the third quarter of 2017. The vacancy rate has now increased 70 basis points, from a low of 4.1% in Q3 2016, according to a survey from Reis. The national average asking rent increased 1.2% in the… Read more...

Freddie-Enterprise Close First Low-Income Housing Tax Credit Fund in almost a Decade

Freddie Mac has closed its first Low-Income Housing Tax Credit Fund with Enterprise Community Investment Inc. and completed its first equity investment within that fund. The closing marks Freddie’s re-entry into LIHTCF market after an almost ten-year absence; the fund is the mechanism that finances most of the country’s affordable rental housing. [caption id="attachment_6557" align="alignleft"… Read more...