Tyler Bossetti, an influencer based in Columbus, Ohio, who used his social media prominence to highlight his property flipping business, was sentenced to 72 months in prison for coordinating a $20 million real estate Ponzi scheme and committing tax fraud to further...
Ginnie Mae announced that its mortgage-backed securities (MBS) portfolio outstanding grew to $2.91 trillion as of March. Ginnie Mae issued $46.1 billion in total MBS last month, resulting in net portfolio growth of $4.16 billion. The issuance included $44.5 billion in...
The Bascom Group LLC, an Irvine, California-based private equity firm, announced its $103 million acquisition of The Ellison, a 294-unit apartment community located in the Summerlin/Spring Valley submarket of Las Vegas. Completed in 2024, The Ellison is a five-story...
Daniel Loeb, the billionaire activist investor founder and CEO of the alternative asset management firm Third Point LLC, has withdrawn his threat of a proxy fight to force a change of leadership at CoStar Group (NASDAQ: CSGP). According to a Reuters report citing...
A Philadelphia real estate agent was sentenced to 37 months’ imprisonment and two years of in connection with a scheme in which he raised millions of dollars from individuals and businesses, supposedly for short-term real estate financing opportunities, when no such...
Ares Management Corporation (NYSE: ARES), a New York City-based global alternative investment manager, announced that certain Ares Real Estate funds are acquiring all commons shares and operating partnership units of Houston-headquartered Whitestone REIT (NYSE: WSR)...
Report: Renting a Home Is More Affordable Than Homeownership in All 50 Majo…
