Apartments are the best property type for investors, says Freddie Mac multifamily executive David Brickman. In a recent blog post Brickman calls multifamily investments the “bright spot” in today’s housing market.
According to Brickman, a growing number of the population is finding that renting is the right option. Government officials are encouraging renting as an option to homeownership. The need for rental housing is increasing rapidly, as is the demand for capital to support this growth.
Freddie Mac is committed to rising to that demand, says Brickman. The agency finances approximately one-quarter of a growing rental market, which includes financing for student and seniors housing, workforce housing, and targeted affordable housing.
The agency last year provided financing for approximately 1,300 properties amounting to 321,000 apartment units. The majority of these apartments are affordable to families of modest means.
Freddie Mac has added a new tool designed to increase transparency in investor disclosures via its free Mortgage Securities Investor Access tool that makes it easier to monitor the performance of its K-Deals. This new tool saves investors and analysts time by providing easy access to all post-securitization data from investor reporting packages for the securities underlying the related series of K Certificates.
With AAOA, landlords have resources at their fingertips. Check out our Landlord Forms page.
American Apartment Owners Association offers discounts on products and services for landlords related to your rental housing investment, including rental forms, tenant debt collection, tenant background checks, insurance and financing. Find out more at www.joinaaoa.org.