Multifamily

In the first week of December, the proportion of mortgage borrowers that sought forbearance rose to its highest level since August.

Previously, pension funds had forecast the NCREIF All-Property Index to end 2020 in negative territory.

Tired of waiting for discounts, investors have come off the sideline to snap up assets in a year-end rush of deals.

The median apartment rent in the borough fell by 22 percent in November compared to a year earlier.

Falling revenue is forcing New York City to make spending cuts, including on affordable housing.

Demand for milling-dollar homes is growing faster than any other price tier.

Biden and his team contend that the program has fallen short of its promise of bolstering communities of color, small businesses and homeowners.

Multifamily buildings with the right mix of features for attracting renters could deliver the most appetizing returns for investors.

The unsolicited offer is at a premium to the REIT’s $4.7 billion current market value.