Worth Clark Realty announced its acquisition of South Estates Realty, a brokerage based in the Dallas-Fort Worth area. South Estates Realty recorded $54 million in sales volume and 157 transactions in 2023. The financial terms of the deal were not disclosed, and the...
Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) updated their protections for tenants in multifamily properties with mortgages backed by the government-sponsored enterprises (GSEs). Beginning Feb. 28, 2025, all new GSE-backed loans will require multifamily...
The property management software company RealPage Inc. has pushed back at the antitrust lawsuit filed by the U.S. Department of Justice (DOJ) that claimed its products were used to coordinate rent hikes by landlords, claiming the lawsuit “cherry picks” aspects of its...
The National Association of Realtors (NAR) is facing its second realtor-filed lawsuit in a month. According to a report in The Real Deal, NAR is a co-defendant in a lawsuit filed by eight realtors against Move (the parent company of Realtor.com), News Corp (the parent...
Community Preservation Partners (CCP), an affordable housing preservation developer, has announced its acquisition and planned renovation of Lexington Green Apartments, an affordable housing complex in El Cajon, Calif. CPP’s total development investment is...
Hamilton Zanze, a San Francisco-based multifamily real estate investment firm, has sponsored the purchase of The Morris, a 19-story, 344-unit Class A apartment community in Nashville. The acquisition closed on Aug. 16 and the financial terms of the transaction were...
Hits and Misses for the Real Estate Week of June 22-26
