Current issue -
Subscribers only
|
|
|
|
|
Volume 3 - Number 6 | March 22 2005
 |
TOP STORY: Supply Issues and Lack of Competition Lure Investors to Inner Cities
By Stacey Corso
Urban centers are luring two New York City-based multifamily investors who plan major investments over the near term. The Praedium Group LLC plans to invest approximately half a billion dollars in US middle-income urban multifamily properties this year. And UrbanAmerica LP has created a new fund in partnership with New York City-based Fisher Urban Associates to develop and acquire $1 billion of commercial real estate, including for-sale residential condos, in inner cities throughout the US. Both plan to take advantage of current characteristics of the urban-center market.
|
 |
INSIDER: AvalonBay Communities’ Tim Naughton
By Sule Aygoren Carranza
AvalonBay Communities Inc. recently elevated Tim Naughton to the position of president, succeeding Bryce Blair, who will retain his roles as chairman and CEO. Naughton’s appointment comes at an interesting time for AvalonBay, as the company prepares to ramp up its development and investment activity over the next few years via a newly formed fund.
|
|
Condo Conversion Loans Offer High Spreads in CMBS, Says Moody’s
By Sule Aygoren Carranza
Loans to condominium converters, a growing part of CMBS pools, offer comparatively higher spreads than their counterparts, according to a recent report from Moody’s Investors Service. The variation accounts for various elements of additional risk inherent in the condo market.
|
|
Development Trends: US Firm Eyes Mexico Housing Opportunities
By Stacey Corso
A Chicago-based group of multifamily investors has targeted Mexico as the next hot spot for development. Over the next three years, Mexico Home Capital Ltd. plans to invest between $250 and $500 million in the development of single-family master-planned communities and affordable housing units in border towns and major urban centers in Mexico.
|
|
|
|
|
|
|
|
|
