residential

Panelists on Ariel Property Advisor’s latest webinar discussed cap rate compression in the context of multifamily in cities like New York – some saying investors will flee the city, others calling it a safe haven.

Charles Foschini, who arranged the loan via Berkadia, said rising rental rates at Enclave at Lake Ellenor meant the borrower was able to secure better terms.

Through the new partnership, the organisations have already closed two deals, including the £251m financing of a residential development in London’s Nine Elms.

The firm also believes historic tax credits are an interesting way to finance the development of affordable housing.

The JV marks Kayne Anderson’s first foray into the European student housing market.

The Brava, a 46-story multifamily building under construction in the city's central business district, is expected to come to market in 2022.

The New York-based real estate private equity fund manager has had an active fourth quarter, completing more than $1.2bn of loans across 31 deals.

With a looming threat of inflation, the sector is starting to feel like a safer bet.

The bank wants to work with developers who have a broader vision for community development.

The company is seeing more conventional lenders entering the market.