Mortgage Credit Availability in the U.S. Dips in July

Mortgage Bankers Association | August 12, 2019

The Mortgage Bankers Association is reporting that U.S. mortgage credit availability decreased in July 2019, according to their most recent Mortgage Credit Availability Index (MCAI). The MCAI fell by 0.4 percent to 189.0 in July. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The index was benchmarked to 100 in March 2012. The Conventional MCAI increased 0.1 percent, while the Government MCAI decreased by 1.0 percent. Of the component indices of the Conventional MCAI, the Jumbo MCAI increased by 0.7 percent, and the Conforming MCAI fell by 0.8 percent.

Spotlight

Sovran Self Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that acquires and manages self storage properties. The Company owns and/or operates more than 500 self storage facilities encompassing over 35 million square feet, making it one of the largest self-storage companies in the United States.

Spotlight

Sovran Self Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that acquires and manages self storage properties. The Company owns and/or operates more than 500 self storage facilities encompassing over 35 million square feet, making it one of the largest self-storage companies in the United States.

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REAL ESTATE INVESTMENT

Standard Real Estate Investments and Belay Investment Group Announce Strategic Investment Program

Standard Real Estate Investments | September 21, 2021

Standard Real Estate Investments, LP , a minority-owned real estate private equity firm focused on providing joint venture equity to developers, has formed a strategic investment program with Belay Investment Group, LLC (Belay). We are proud to be aligned with Belay. They are a thoughtful, experienced team that shares our vision for how commercial investment actions can affect positive social change. Only two percent of professionally managed real estate is managed by minorities or women. This needs to change. Standard is just one part of a broader mobilization across the industry working to make it happen. - Jerome Nichols, President of Standard The investment program will leverage Standard's expertise in development to invest joint venture equity in ground-up projects nationwide, across asset types with emerging regional and local experts that have unique access to deal flow. As part of its investment program with Belay, Standard recently closed on an investment in a 244-unit multifamily development project located at 75 West 18th Street in Downtown Indianapolis, IN. The 2.1-acre site is located within walking distance of the expanding Indiana University Health Methodist Hospital. The Developer is Arrow Street Development, an Indianapolis-based, emerging, minority-owned development company led by industry veteran, Rodney Byrnes. Belay is an investment manager focused on the deployment of institutional capital through strategic partnerships with emerging managers and market sector specialists across a variety of value-add strategies and property types. The firm's strong fiduciary culture and track record are matched only by its commitment to manifesting social and environmental progress through the investments it makes. Current ESG strategies include investments in adaptive re-use of former big box retail space, workforce housing featuring on-site social programming initiatives designed to educate and empower its lower-to-middle class tenant base, and a multifamily debt portfolio curated with an eye towards bolstering the supply of attainable housing, while narrowing the affordability gap in Southern California. Belay's collaborative culture is a great fit with our long-term plans and will be an asset to our platform. In the end, we will measure our success based on the performance of our investments and the impact we have in helping to increase diversity and inclusion in commercial real estate. - Robert Jue, Chief Executive Officer of Standard. About Standard Real Estate Investments Founded by Robert Jue and Jerome Nichols, Standard Real Estate Investments (Standard) is a minority-owned and controlled real estate private equity firm that manages capital on behalf of institutions and allocates joint venture equity to developers. The firm operates nationally across property sectors and risk profiles with an initial focus on the development of market rate attainable housing while also accelerating positive socio-environmental impact. The leadership team at Standard has invested in assets valued at $7 billion in total. About Belay Investment Group Belay Investment Group, LLC is a majority woman-owned Los Angeles-based investment management firm that pursues debt and equity investment opportunities, primarily middle-market infill properties in urban/suburban transit hub markets, on behalf of its institutional investors. Belay implements its investment strategies through long-term relationships with high caliber, local operating partners and sector specialists. The firm has earned a reputation in the industry for supporting the growth and development of operators and emerging managers (including MWBE firms), beyond providing investment capital.

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REAL ESTATE TECHNOLOGY

Windermere Real Estate, a family-run firm, has acquired Lyon Real Estate, the leading independent residential real estate company in the region.

businesswire | January 11, 2021

Lyon Real Estate, the area's driving autonomous private land organization, has been obtained by Windermere Real Estate. Lyon Real Estate has been an installation in the more prominent Sacramento locale for a very long time with 800+ specialists who produced over $2.86 billion in deals a year ago. Windermere Real Estate was established in 1972 in Seattle and is worked by second-age authority Geoff Wood, Jill Jacobi Wood, and OB Jacobi. The two organizations are individuals from the lofty Leading Real Estate Companies of the World® and Luxury Portfolio International® networks which is the way the heads of the two organizations initially met. Under the conditions of the securing, Lyon Real Estate will keep on working under its name and brand and will keep up the current administration group, including president and head working official Pat Shea. Lyon Real Estate specialists and their clients will profit by Windermere's improved showcasing assets, proficient turn of events, movement and reference administrations, just as an in-house boss financial expert. “This new chapter for Lyon Real Estate is a perfect fit when taking into account our mutual values of superior customer satisfaction, and long-term relationships with our clients, agents, and community,” says Laura Lyon, former Chair of the Board and the daughter of William L. Lyon, the company’s founder. “The Jacobi-Wood family brings a new and highly engaged second generation of family leadership that is committed to growth and giving back.” Shea describes this union as the blending of two accomplished and well-respected real estate brands. “We will each continue to maintain our own identity,” he says. “Our company and agents will have the absolute best of both worlds.” Shea added that over the years, Lyon Real Estate has been approached by a number of suitors seeking a strategic growth opportunity. “This timing is right because Windermere is well suited to maintain the company’s legacy and grow it in the future,” said Shea. “The Lyon family’s first priority is that they leave the company they built and have run for the past 75 years in the best possible hands for the long term,” he added. OB Jacobi, Windermere co-president states, “We’ve been looking for the right opportunity to grow our network in Northern California and chose Lyon Real Estate because of the strength of their brand, leadership team, and our aligned culture and values. We are fully committed to supporting this great agent network, as well as the admirable work of the Lyon Cares Foundation.” About Lyon Real Estate Lyon Real Estate is the leading independent real estate brokerage company in Greater Sacramento (Sacramento Business Journal). We are proud to be homegrown, privately owned, and internationally known. Lyon has served the area for over 75 years. Last year, the company closed a total of $2.86 billion in sales volume. Lyon Real Estate has over 800 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. Since 2015, the Lyon Cares Foundation has contributed more than $780,000 to local non-profits. About Windermere Real Estate Windermere Real Estate is the largest regional real estate company in the Western U.S. with over 300 offices and 6,500 agents serving communities in Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington, and Mexico. Last year, Windermere closed 77,000 home sales for more than $36.7 billion in dollar volume. The Windermere family has a proud heritage of serving our neighbors via the Windermere Foundation which funds services for low-income and homeless families. Since 1989, the Windermere Foundation has contributed more than $42 million towards improving lives in the communities where we live and work.

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REAL ESTATE TECHNOLOGY

Yardi Solutions Expands REstack Advisors Inc.'s Real Estate Management Options

REstack | March 02, 2021

REstack Advisors Inc's. land property and speculation the executives customers would now be able to utilize Yardi Voyager® Commercial and Yardi® Elevate arrangements authorized by the asset overseer as their own innovation stage. Yardi Voyager and Yardi Elevate house information for bookkeeping, financial backer correspondence, arrangement and rent the executives, valuations, development and that's just the beginning. REstack helps its customers by dealing with their presentation and activities from a solitary associated arrangement, wiping out the requirement for various frameworks that require awkward interfaces. "Yardi Voyager and Yardi Elevate, which power our fund administration dashboard, helps REstack automate data transfers and operational insights, allowing our clients to focus on buying, selling and developing real estate," said Anthony Paes-Braga, co-founder of REstack. "The dashboard constitutes a single source of truth that accommodates a firm's unique needs and resources." "By adopting Yardi, we are working with a cloud-based industry leader that has a good understanding of the real estate investment space and a commitment to innovation," continued Paul Kevener, chief executive officer and co-founder of REstack. "With this collaboration, we aim to bring that innovation to our client base to help build their portfolios and maximize asset performance." "REstack clients using our cloud platform can easily add solutions as new business needs emerge without incurring additional IT costs," said Peter Altobelli, vice president of sales and general manager for Yardi Canada. "We're excited to join REstack in creating an approach that helps real estate investment managers prioritize their immediate needs and optimize asset performance."

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