Thursday, February 4, 2016

The Habitat Company Adds More Than 1,000 Rental Units in Tampa, FL

Sheila Byrne

CHICAGO, IL – The Habitat Company, a leading multifamily property developer and manager, announced it has added another 1,019 units to its management portfolio, bringing the company’s total number of real estate assets under management to more than 24,000 residences.

Habitat has been selected by Goff Capital Partners as property manager for four individual market-rate properties in Tampa, Fla., and the surrounding area.

This marks the second management portfolio Chicago-based The Habitat Company has been awarded by Goff in less than three months.

 In November 2015, Goff added an additional 3,600 units to Habitat’s portfolio with the assignment of seven apartment communities in Birmingham, Ala.

 Habitat also serves as property manager for four other Goff properties located in Ann Arbor, Mich. and St. Louis, Mo.

“We’ve been managing apartments in the Tampa area for more than 3 years, so we’re proud to be expanding our footprint, and our management team, in such a desirable market,” said Sheila Byrne, executive vice president of property management at The Habitat Company.

“And having managed other Goff Capital Partners properties, we certainly understand the company’s needs, as well as those of its residents, which will allow us to continue to strengthen our relationship and provide best-in-class property management and the highest level of service.”

The four Tampa-area properties are all garden-style communities and include:

·     The Park at Elland, 218 units in Clearwater
·     The Park at Gibraltar, 207 units in Clearwater
·     The Park at Knightsbridge, 228 units in Riverview
·     Westbury at Lake Brandon, 366 units in Brandon

For a complete copy of the company’s news release, please contact:

  Cara Mooses,, 312.267.4523  

MBA Forecasts Commercial/Multifamily Mortgage Bankers Originations to Hit New Record in 2016

Jamie Woodwell
ORLANDO, FL (Feb. 1, 2016) -- The Mortgage Bankers Association (MBA) projects originations of commercial and multifamily mortgages will grow to $511 billion in 2016, an increase of 3 percent from 2015 volumes and slightly more than the previous record of $508 billion originated in 2007.  

Mortgage banker originations of multifamily mortgages are forecast at $202 billion in 2016, with total multifamily lending at $262 billion.

“This past year was extremely strong for commercial real estate finance,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.

“Property incomes are rising, interest rates are low and property values are up.  We expect the momentum to continue into 2016 and to support both the demand for and supply of commercial and multifamily mortgage capital. 

“We anticipate a growing economy, coupled with only gradual increases in interest rates, will continue to support a strong commercial property market. But, there is a chance that cap rates could increase more rapidly in response to rising interest rates, impacting property sales and mortgage originations.”

For a complete copy of the company’s news release, please contact:

Ali Ahmad
(202) 557-2727