Commercial Investment Real Estate July/August 2019 | Page 9

Financing for Green
Multifamily Grows
As developers and investors become more familiar with
the benefits of environmental features for multifamily
buildings, the availability of capital sources for financing
such features has also increased. Multifamily Housing
News reports on a variety of financing options aimed
at energy saving, ranging from Fannie Mae and Fred-
die Mac programs for construction and renovation to
property-assessed clean energy financing. However, one
expert told MHN that many developers remain unaware
of the programs, and lenders must often persuade them
to include green features into projects to be eligible for
the programs.
Investment in U.S. grocery real estate totaled $9.9 billion in 2018, and
more than 17 million sf of space was added. States with the highest
percentage of total new grocery square footage, including:
Florida . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9.7%
California . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.8%
Texas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.8%
North Carolina . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.4%
Illinois. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6.8%
Virginia. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6.8%
Source: JLL
Canada Leads Inbound
Multifamily Investment
From 2014 to 2018, inbound capital to the U.S.
multifamily sector totaled $50.1 billion, an increase of
241 percent from the previous five-year period.
Grocery Growth
Percentage of Total Cross-Border
Multifamily Investment (2018)
Canada
Europe
Asia
Latin America
Middle East
Pacific
63%
15%
15%
3%
3%
1%
Source: CBRE
CIREMAGAZINE.COM
July | August 2019
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