Instant Insights Multifamily 2020

The firm has issued a $1 billion social bond to support affordable housing projects as part of an ongoing strategy to address sustainability challenges.

Factors like move-ins improved in September, but the market is still seeing high concessions.

There are opportunities for new apartment construction in both urban and suburban markets.

Fitch says that renters could relocate to more affordable suburban and Sunbelt markets as they seek more space.

While one observer thinks apartment rents have held up better than expected until this point, he realizes they have gotten some help.

In September, late payments for agency loans rose to 1.4% from 0.46% in August. Non-agency late payments rose from 1.83% in August to 2.78% in September.

San Francisco, Chicago, Los Angeles and San Jose experienced steep drops in rent growth and absorption year-to-date through August.

The transaction supports the refinancing of a $20 million bridge loan for a nearly 300-unit project in Houston.

The company will mostly buy, or create, multifamily assets in Opportunity Zones, reportedly becoming the first such organization to do so.