Grubb Properties, a leading vertically integrated commercial real estate firm focused on the multifamily sector, has hired Gavin Morgan as managing director for investments. In his new role, Morgan will work on expanding Grubb’s capital formation efforts, with a...
New Jersey Attorney General Matthew J. Platkin announced the indictment of a father and son who allegedly defrauded investors and mortgage lenders of more than $2.5 million in a scam involving Jersey Shore real estate. George Bussanich Sr., 65, and his 43-year-old son...
Investor purchases of residential properties plummeted by 29.7% year-over-year during the third quarter, according to new data from Redfin (NASDAQ:RDFN). Investors purchased 48,667 homes between July and September, or 15.9% of all homes sold during that period, the...
1031 Crowdfunding, a real estate investing platform headquartered in Irvine, California, has launched its first real estate investment trust offering with Covenant Senior Housing REIT Inc. (CSHREIT). According to the company, CSHREIT is classified as a non-listed,...
Simplify Asset Management, a New York City-headquartered provider of exchange-traded funds (ETFs), has launched the Simplify MBS ETF (MTBA) fund. MTBA invests in mortgage-backed securities (MBS) issued in 2023. MTBA will initially invest in the Federal National...
Sherman Bridge, a private money lender for investors purchasing distressed single-family residential real estate, has launched an online marketplace designed to connect lenders with real estate investors. According to the company, the marketplace will bring together...
Hits and Misses for the Real Estate Week of June 15-19
