Mortgage Lending Key to Outlook for Multifamily REITs

In the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Britton Costa of Fitch Ratings discussed how developments in the housing and mortgage markets are affecting the multifamily REIT sector.

Costa described Fitch’s outlook for the housing market this year as “fairly positive.” Prices for single-family housing should approach previous market highs, according to Costa, but the underlying values will be more sustainable.


REIT Filling Gap in Lending for Self-Storage Development

John Good, president and COO of Jernigan Capital (NYSE: JCAP), joined for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Jernigan Capital is a newly formed REIT that lends directly to self-storage owners and developers. Good explained that the company is filing a void left by the banks in the wake of the financial crisis. Due to increased regulation, banks are finding it harder to make loans on development properties, he said.