Senior housing occupancy levels rise in April by Kali Persall | May 24, 2023 The senior housing all-occupancy rate increased to 83.5 percent in the April reporting period, up 0.3 percentage points (pps) from March and up 5.7 pps from the 77.8 percent low recorded in June 2021.
Existing home sales decline in April across all major U.S. regions by Kali Persall | May 24, 2023 Existing home sales decreased in April, with all four major U.S. regions registering month-over-month and year-over-year sales declines, according to the National Association of Realtors (NAR).
Fidelity Investments launches multi-strategy credit fund for financial advisers by Kali Persall | May 23, 2023 Fidelity Investments has launched a multi-strategy credit fund, expanding its alternative investments product lineup, which includes 35 funds and $9.8 billion in assets under management, as of March 31.
Financial services veteran joins Pacific Oak Capital Markets by Kali Persall | May 23, 2023 Pacific Oak Capital Markets, a wholesaler and managing broker-dealer for alternative investment offerings, has hired financial services industry veteran Derek Mazza as regional vice president for the Northeast Territory.
Harrison Street and Toll Brothers sell 826-bed student housing community in Arizona by Kali Persall | May 23, 2023 Harrison Street and Toll Brothers, a builder of luxury homes, have announced the sale of Canvas Tempe, an 826-bed student housing community at Arizona State University, to University Partners. Financial terms were not disclosed.
Ryman Hospitality Properties extends revolving credit facility by Kali Persall | May 23, 2023 Ryman Hospitality Properties has completed a series of refinancing transactions that extends maturities of the $700 million revolving credit facility and $500 million term loan B.
Rising insurance premiums could affect apartment valuations by Loretta Clodfelter | May 23, 2023 Property insurance premiums are on the rise, driven up by the cost of weather-related events and other natural disasters, and that could have a significant impact on multifamily valuations.
Growing pains lie ahead for U.S. battery boom by Kali Persall | May 22, 2023 Although global energy storage firms are pivoting toward the U.S. battery market on the back of the Inflation Reduction Act (IRA), growing pains lie ahead, according to a new report, Taking Charge: Inside the U.S. Battery Boom, from U.S. law firm Troutman Pepper.
Brett Woodyatt joins Inland Securities Corp. as senior vice president of strategic relations by Released | May 22, 2023 Inland Securities Corp. (ISC), the exclusive dealer manager and placement agent for real estate investment programs offered by Inland Real Estate Investment Corp. and Inland Private Capital Corp., has appointed Brett Woodyatt as senior vice president of strategic relations.
Scott Ford promoted to president of wealth management at U.S. Bank by Kali Persall | May 22, 2023 Veteran wealth management leader Scott Ford has become the new president of wealth management at U.S. Bank.
M&A activity in April led by REIT merger by Loretta Clodfelter | May 22, 2023 Merger activity in April was led by the commercial real estate sector, according to S&P Global Market Intelligence’s M&A Deal Tracker. The biggest deal announced in April was the acquisition of Life Storage by Extra Space Storage for $16.01 billion.
U.S. DOE names FLO a founding member of EV-charging effort by Kali Persall | May 22, 2023 The U.S. Department of Energy (DOE) has named FLO as a founding member of a new effort to develop EV-charging solutions in the United States.
Calamos Investments, Asia launch alternative credit and income fund by Kali Persall | May 19, 2023 Calamos Investments has teamed up with Aksia, a specialist research and portfolio advisory firm providing alternative investment solutions for institutional investors, to launch Calamos Aksia Alternative Credit and Income Fund (CAPIX).
PGIM Real Estate promotes Jamie Shen to head of agriculture by Kali Persall | May 19, 2023 PGIM Real Estate has promoted Jamie Shen, the current CIO and leader of PGIM real estate’s agriculture equity business, to head of agriculture.
Capital Square fully subscribes DST offering of multifamily community in Georgia by Denise Moose | May 19, 2023 Capital Square announced that its offering, CS1031 Lakeside on Riverwatch Apartments DST, has been fully subscribed
