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Blackstone Completes Acquisition of Toronto’s Tricon Residential

Blackstone Completes Acquisition of Toronto’s Tricon Residential

by Phil Hall | May 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) have completed their previously announced plan in which Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust Inc. acquired all the outstanding common shares of Tricon for...
New Housing Department Proposed for North Carolina

New Housing Department Proposed for North Carolina

by Phil Hall | May 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A bill has been introduced in the North Carolina House of Representatives to create a new state-level housing department. NCNewsline.com reported Rep. Diamond Staton-Williams’ House Bill 925 is proposing the creation of the North Carolina Department of Housing and...
Village Premier Collection Joins The Real Brokerage’s Private Label Program

Village Premier Collection Joins The Real Brokerage’s Private Label Program

by Phil Hall | May 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Real Brokerage Inc. (NASDAQ: REAX) announced that Village Premier Collection, the nation’s largest minority- and woman-owned independent brokerage, has joined the company under its recently launched Private Label program. The Atlanta-based Village Premier brings...
Guest Opinion: What’s Next for the Federal Home Loan Banks?

Guest Opinion: What’s Next for the Federal Home Loan Banks?

by Sandra L. Thompson | Apr 30, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sandra L. Thompson is director of the Federal Housing Finance Agency (FHFA). This article is excerpted and edited from written testimony delivered before a recent hearing conducted by the U.S. Senate Committee on Banking, Housing and Urban Affairs.  In August 2022,...
Backflip Closes $15 Million Series A Funding Round

Backflip Closes $15 Million Series A Funding Round

by Phil Hall | Apr 30, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Backflip, the Dallas-headquartered real estate fintech, announced its closing of its $15 million Series A funding round. Backflip is designed to enable real estate investors to acquire and renovate single-family homes, with the goal of reselling the properties at a...
Florida Real Estate Broker Pleads Guilty for Disability Payment Fraud

Florida Real Estate Broker Pleads Guilty for Disability Payment Fraud

by Phil Hall | Apr 30, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

A real estate broker in Sarasota, Florida, pleaded guilty to federal charges that he collected nearly $300,000 in disability payments without reporting he was still actively employed. Allen R. Jenkins, 68, received United States Railroad Retirement disability payments...
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