To the surprise of no one, the Federal Reserve has opted to maintain interest rates at the current level. The central bank’s policymaking Federal Open Market Committee stated it would keep the target range for the federal funds rate at 5.25% to 5.5%, a 23-year high;...
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...
Coppell, Texas-based Birchstone Residential, the in-house property management company division of the multifamily investment firm Ashcroft Capital, announced the appointment of JoAnn Blaylock as president. Blaylock was previously president of Quarterra Living, the...
Realtex Inc., a San Francisco-based multifamily real estate investment company, has launched a new seed fund aimed at capitalizing on midsized value-add U.S. multifamily opportunities. The fund will focus on acquiring and enhancing multifamily properties ranging from...
A Colorado real estate agent and investor was sentenced to 90 days in jail and 10 years of supervised probation “with strict financial conditions” for stealing more than $1 million from investors in a real estate scam. Bret Lamperes, 54, pleaded guilty last December...
Mortgage demand weakened last week, according to the latest data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.3% on a seasonally adjusted basis from one week earlier; the...
