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Multifamily Is the Most Liquid Sector

LOS ANGELES—The recent announcement of an $878-million Freddie Mac securitized loan for the Park La Brea apartment community shows that multifamily is still the most liquid space, GlobeSt.com reports in this UPDATE to a previous story.

By Kelsi Maree Borland | Updated on April 14, 2015

LOS ANGELES—Multifamily is still the most liquid sector in commercial real estate, according Peter Smyslowski, managing director of HFF. Last week, GlobeSt.com reported that HFF client Prime Residential secured an $878-million loan through Freddie Mac to settle existing debt on the Park La Brea apartment community, the largest multifamily complex on the West Coast. This is the largest single-property loan Freddie Mac has purchased.

This supports the theme that multifamily is probably the most liquid space in the market,” says Smyslowski. “A lot of capital providers are still under allocated in housing.” Smyslowski led the team that represented Prime Residential in the transaction. The team included executive managing director Jody Thornton, senior managing directors Paul Brindley and Kevin MacKenzie and managing director Charles Halladay.

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