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Economic Indicators Multifamily Investors Should Watch Now: Q&A with Kimberly Byrum<\/a><\/h5>\n <\/div>\n
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Multifamily investors, owners and operators typically focus their attention on rent payments and vacancy rates. But the COVID-19 virus, subsequent economic shutdown and unemployment claims from more than 40 million Americans have everyone looking at the bigger picture to gain insight into the future performance. We spoke with <\/p>\n <\/div>\n\n <\/div>\n

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Saving New York City’s Real Estate Landmarks<\/a><\/h5>\n <\/div>\n
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Restoring a landmark building in New York City is not for the faint of heart. From logistics and input from community boards to environmental reviews and oversight from the NYC Landmarks Preservation Committee, developers often prefer to pass on challenging landmark restoration projects. Greystone Development, however, does not shy<\/p>\n <\/div>\n\n <\/div>\n

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The Future of Financing for Multifamily Owners<\/a><\/h5>\n <\/div>\n
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The COVID-19 virus has upended normal life for most countries in the world, causing significant disruption to many sectors of the global economy, including the financial markets. In the United States alone, more than 36 million Americans lost their jobs, at least temporarily, during the first two months of<\/p>\n <\/div>\n\n <\/div>\n

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Economist Expects Muted Summer Ahead for Multifamily Investors<\/a><\/h5>\n <\/div>\n
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The first two months after the coronavirus epidemic began to cause devastation for American families and businesses brought some better-than-expected news for multifamily owners and investors. More than 85% of tenants paid their rent in April and May, which, while less than usual, was not nearly as low a<\/p>\n <\/div>\n\n <\/div>\n

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Multifamily Market Expectations: Q&A with the National Association of Realtors<\/a><\/h5>\n <\/div>\n
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The COVID-19 virus and shutdown and its effect on the American economy has caused widespread personal and financial trauma, as well as challenges for every real estate sector. For multifamily owners, concern about their tenants’ health and safety is paramount, but naturally there is also concern about the short-term<\/p>\n <\/div>\n\n <\/div>\n

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Apartments Adapt to the Changing Landscape: Q&A with the NMHC<\/a><\/h5>\n <\/div>\n
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As the novel coronavirus causes upheaval for families and communities around the world, it also carries financial repercussions for every property sector.<\/p>\n

Greystone spoke with Doug Bibby, president of the National Multifamily Housing Council (NMHC), and Mark Obrinsky, chief economist and senior vice president for research for the<\/p>\n <\/div>\n\n <\/div>\n

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UCLA Economist: Market Outlook Post-Coronavirus<\/a><\/h5>\n <\/div>\n
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The COVID-19 pandemic, which has touched every corner of the world and impacted every industry throughout the United States, has left an indelible mark on the economy. Greystone spoke with David Shulman, a senior economist with UCLA Anderson Forecast, part of the University’s Anderson School of Management, about<\/p>\n <\/div>\n\n <\/div>\n

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Forbearance: What it Means for Multifamily Owners & Investors with Fannie Mae and Freddie Mac Loans<\/a><\/h5>\n <\/div>\n
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As a result of COVID-19\u2019s impact on the economy, many multifamily owners are facing a number of challenges. Owners are concerned if their tenants will be able to pay rent, and in turn, if they will be able to make timely mortgage payments \u2013 a potentially disastrous chain reaction.<\/p>\n <\/div>\n\n <\/div>\n

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What the $2 Trillion Economic Stimulus Plan Means for Multifamily Investors<\/a><\/h5>\n <\/div>\n
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The $2 trillion stimulus bill (the CARES Act) signed March 27 by President Trump offers several provisions that could aid the commercial real estate industry during the coronavirus pandemic.<\/p>\n

With rents due on April 1, apartment landlords and multifamily investors will soon have a view into<\/p>\n <\/div>\n\n <\/div>\n

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Interest Rates: Eyeing the Spreads<\/a><\/h5>\n <\/div>\n
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Industry Commentary from Serafino Tobia, Head of Capital Markets Trading, Greystone<\/p>\n

The securities markets continue to reflect concerns that the coronavirus will effectively put the US and world economy under quarantine (if not in a coma) for weeks or longer. The S&P 500 was down some 25%-30% during the past<\/p>\n <\/div>\n\n <\/div>\n

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HUD Eliminates Section 223(f) Three-Year Policy<\/a><\/h5>\n <\/div>\n
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The U.S. Department of Housing and Urban Development (HUD) has revised a policy that will allow some multifamily property owners to apply for refinancing without having to wait three years.<\/p>\n

The change applies to Section 223(f) of the National Housing Act, considered a low-cost source for long-term mortgages of up<\/p>\n <\/div>\n\n <\/div>\n

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Rates Keep Dropping: What Would Negative Interest Rates Mean for Real Estate?<\/a><\/h5>\n <\/div>\n
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Last year, low inflation caused central banks in Europe and Japan to adopt negative interest rates as part of an offsetting effort. In real estate markets, banks in Denmark and Finland responded to negative and low interest by offering mortgages with zero or even negative interest rates.<\/p>\n

In the U.S.,<\/p>\n <\/div>\n\n <\/div>\n

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