CBRE Capital Markets was the largest originator of agency loans in 2013, with a combined volume originated for Fannie Mae and Freddie Mac totaling $8.1 billion. CBRE was the No. 1 lender for Freddie Mac, with $5.7 billion in financing volume produced in 2013, $2 billion more than the second-ranked firm. CBRE was also the No. 3 lender in Fannie Mae’s list of the top lenders in its Delegated Underwriting and Servicing (DUS®) program in 2013, with $2.4 billion in financing. In addition, CBRE originated $333 million of Federal Housing Authority (FHA) insured multifamily mortgages. The combined volume of loans originated for Fannie Mae, Freddie Mac and FHA totaled $8.4 billion.
CBRE was also the top-ranked firm for multifamily property investment sales in the U.S. during 2013, according to Real Capital Analytics (RCA)—the 12th consecutive year that the firm has claimed the top spot. According to RCA, CBRE executed $15.9 billion in apartment sales for an industry-leading market share of 15.0%, 460 bps better than the nearest competitor*.
“2013 was an extremely successful year for our multifamily business,” said Brian Stoffers, Chief Operating Officer, CBRE Capital Markets and President, Debt & Structured Finance, CBRE. “We are proud to have achieved such high rankings from Freddie Mac, Fannie Mae and RCA, and are thankful for the confidence that our clients have placed with CBRE Capital Markets professionals across the platform.”
CBRE arranged $13 billion in multifamily debt financing in 2013 and originated loans with more than 120 debt capital providers. When combined with CBRE’s $15.9 billion in apartment sales, the company’s multifamily capital markets transactions totaled $28.9 billion for 2013. All debt capital sources were represented, including banks, life insurers, government-sponsored agencies and CMBS issuers.
Included in the overall CBRE multifamily totals, CBRE’s Student Housing Group arranged $183.2 million in financing and $276.9 million in investment sales for student housing assets nationally. Likewise, the CBRE Seniors Housing Group arranged $415.6 million in financing and $474.4 in investment sales.
The CBRE Multi-Housing Group consists of more than 300 dedicated multifamily professionals that specialize in all aspects of multifamily real estate brokerage and lending. They provide investment and advisory services to meet the financing needs of everyone from small private investors to large public entities. CBRE’s Multi-Housing Group has offices in 65 cities across every major U.S. market and also maintains a strong global presence, with offices on nearly every continent offering strategic advice and execution for residential and multi-housing assignments worldwide.
* Market Share based on dollar value of transactions where CBRE represented the seller divided by the total market sales volume.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.