The multifamily market has 58,533 properties with loans set to mature over the next five years, representing $525 billion of the total $1.1 trillion of loans currently backed by apartments, according to a new special report from Yardi Matrix.
Metros with the largest volume of maturities include Atlanta ($34.9 billion), Dallas ($26.6 billion), Denver ($22.9 billion), Houston ($20.8 billion), New York City ($19.9 billion) and Chicago ($18.8 billion). Markets with the highest share of loans coming due through the end of 2029 are Atlanta (65.9 percent), Denver (56.9 percent), Nashville (56.2 percent), Las Vegas (55.9 percent), Houston (53.6 percent) and Chicago (53.2 percent).
More than half of the multifamily loans found in Yardi Matrix’s database, $641.8 billion (56.3 percent), was originated by Fannie Mae and Freddie Mac. Next in line, at $187