Freddie-backed multifamily properties perform and grow

The GSE's properties continue to perform despite a number of new project deliveries

Revenue and income growth at multifamily properties backed by Freddie Mac grew by 3.9 percent last year. According to CoStar News, these 2,928 apartment properties — comprising nearly 765,000 units — continue to perform despite the volume of new multifamily deliveries, which has resulted in rising vacancies and higher expenses/debt service coverage.