Toronto-headquartered BSR Real Estate Investment Trust (TSX: HOM.U, HOM.UN) announced that it has purchased The Ownsby Apartments in the Dallas submarket of Celina, Texas submarket for $87.5 million. Completed earlier this year, The Ownsby comprises 368 apartment...
The North Carolina-based private equity real estate firm Prudent Growth Partners LLC has completed its $7.25 million acquisition of Sugarloaf Village, a 32,000-square-foot shopping center located in the Atlanta suburb of Lawrenceville, Georgia. Built in 2008, the...
Blackstone Real Estate Income Trust Inc. (BREIT) has appointed Robert Harper to serve as interim CEO, following the death of the company’s chief executive Wesley LePatner on July 28 in a shooting at her office building in Manhattan. Harper will continue to serve as...
President Donald Trump is reportedly planning to sign an executive order that will enable 401(k) retirement plans to encompass real estate, private equity cryptocurrency, and other alternative assets as part of their investment options. The order, which was first...
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) are now able to invest in Low Income Housing Tax Credit (LIHTC) properties from $1 billion to $2 billion each, a total of $4 billion per year. “Today’s...
UBS (NYSE: UBS) has agreed to a $300 million settlement with the Department of Justice that will settle the legacy Credit Suisse case regarding the improper sales of residential mortgage-backed securities (RMBS) prior to the 2008 financial crisis. The...
