Lack of capital can hamstring even the most ambitious developer. Less liquidity means less likelihood that a project can get off the ground. A recent article published by Urbanland indicated that this is even more problematic for Black developers who are “often competing against generational wealth, expansive real estate development experience, and perception bias.” As …

The post Addressing The Great Divide: Black Developers, Access to Capital appeared first on Connect CRE.

During the pandemic and its aftermath, America’s residential renters fled crowded cities to more affordable and less densely populated areas. But things are changing. According to the 2024 Apartment List Renter Migration Report, renters preferred to stay put, and fewer moved long distances. Apartment List collected information from registered users between January 1 and December …

The post Report: Renters’ Interstate Migration Patterns Settle Down appeared first on Connect CRE.

Commercial real estate distress accelerated in the second half of 2023, according to analytics firm CRED iQ. The pace of loans being added to the servicer watchlist was roughly 110% faster compared to the first six months of the year.  As of the December 2023 remittance reports, 15,373 loans were added to the servicer watchlist …

The post CRE Distress Accelerated in 2023’s Second Half  appeared first on Connect CRE.

The post Return to Lender: Week of Jan. 25, 2024 appeared first on Connect CRE.

San Diego-based net lease REIT Realty Income Corporation has closed on the previously announced merger with Spirit Realty Capital, Inc. in an all-stock transaction valued at $9.3 billion. The common stock of the combined company, which has an enterprise value of approximately $63 billion, will trade under the symbol “O” on the New York Stock …

The post Realty Income Completes Merger with Spirit Realty Capital appeared first on Connect CRE.

KeyBank Community Development Lending and Investment (CDLI) provided $ 34.3 million in construction and permanent financing through the HUD 221(d)(4) Mortgage Insurance program to facilitate the rehabilitation of six low-income apartment buildings in the South Shore of Chicago. Leslie Meyers and Robbie Lynn of KeyBank CDLI structured the HUD financing, and Sam Adams of KeyBanc …

The post KeyBank Provides $34M in Financing for Chicago Senior Apartments appeared first on Connect CRE.