President Trump has reiterated his intention to list Fannie Mae and Freddie Mac on a major stock exchange, potentially ending the conservatorship in effect since the 2008 global financial crisis. However, Trump said the GSEs would retain federal guarantees as a backstop.
“I am working on TAKING THESE AMAZING COMPANIES PUBLIC, but I want to be clear, the U.S. Government will keep its implicit GUARANTEES, and I will stay strong in my position on overseeing them as president,” Trump posted to his Truth Social network earlier this week.
Published reports say the administration’s plan isn’t yet clear. Bill Pulte, chairman of the Federal Housing Finance Agency, told CNBC on Wednesday, “He very explicitly says that he wants to take them public. He did not say that he wants to privatize them. The president has not said anything that he wants to end conservatorship. We’re studying actually potentially keeping it in conservatorship and taking it public.”
Timberlane Partners purchased Canopy Apartments, a 336-unit garden-style apartment community located at 923 112th St. SW in Everett, WA, for $82.75M, or $246,279 per unit. The acquisition was made in partnership with NY-based EOS Residential Investors. Canopy is the sixth acquisition through Timberlane Acquisition Fund II (TAF II) and follows the firm’s $37M acquisition of...
Learn more
Trademark Property Company and Morgan broke ground yesterday on a 362-unit Class A multifamily community at 3900 Lemmon Avenue in Dallas’ Oak Lawn neighborhood, adjacent to Turtle Creek. The first residences are expected to be completed in fall 2028, with full delivery in the second quarter of 2029. Costs for the project are estimated at $100...
Learn more
CP Group, The Georgetown Company and fund manager ACRE, together with investment partner StepStone, acquired Mizner Park in downtown Boca Raton. Brookfield Asset Management was the seller. The acquisition of the 838,840-square-foot office, retail, and residential property represents a full-circle moment for CP Group, which originally developed Mizner Park between 1991 and 1999. Mizner Park...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California