Archive for March, 2016

Sun Communities to pay $1.68B for Carefree Communities

Sun Communities said it has reached an agreement to pay an affiliate of Centerbridge Capital Partners $1.68 billion for Carefree Communities. Carefree owns and operates manufactured housing and recreational vehicle communities in Florida and California. Read full story Read more

Fed slows its plan for raising rates

The Federal Reserve has left interest rates unchanged in response to slowing economic growth and says rate increases will come more slowly than planned this year. The Fed also has downgraded its outlook for economic growth this year to 2.2% from 2.4%. Read full story Read more

Foreign investors spent record $91.1B on US property last year

Foreign investors in US properties continue to show robust appetite for these assets this year, according to Real Capital Analytics. Last year they acquired $91.1 billion in US properties, more than double the amount spent in 2014. Investors from Canada, China, Europe, Korea and Singapore are particularly active. Read full story Read more

Fed expected to leave interest rates unchanged this week

The Federal Reserve has signaled that it wants more time to analyze economic data before moving interest rates higher. With a rate hike probably off the agenda, economists will watch this week to see how the central bank views the world's economies and financial markets. Read full story Read more

Property execs confident in US markets

Commercial real estate executives are more confident in the US economy than in the global market, and they see volatility in overseas financial markets as beneficial for US real estate, according to a first-ever survey by Altus Group, NAREIT and the National Council of Real Estate Investment Fiduciaries. Respondents said they don't expect property values to keep appreciating at a double-digit pace, even as foreign investment continues to boost prices and fuel competition for top assets. Read full story Read more

Lenders Exercise More Caution on Multifamily Construction Loans

As the multifamily construction pipeline ramps up and new regulations go into effect banks think twice before issuing construction loans on new apartment properties. Read full story Read more