Blackstone Real Estate Income Trust Inc. (BREIT) announced the promotion of Chief Operating Officer Wesley LePatner to CEO, effective Jan. 1, 2025. LePatner succeeds Frank Cohen, who is retiring as chief executive at the end of the year and will remain with the...
ElmTree Funds, the St. Louis-based private equity real estate firm focused on the commercial real estate net-lease sector, has unveiled an early investor incentive program designed to benefit early investors in the firm’s recently launched ElmTree Industrial Trust, a...
REtokens, a Swiss company focused on tokenizing real estate assets, has collaborated with One Hope of Colorado to tokenize an historic church using the Polymesh blockchain. One Hope rents a landmark building known as Old Stone Church (OSC), the 1897 church in Fort...
Investor purchases of homes shout up by 3.4% year-over-year in the second quarter, according to new data from Redfin (NASDAQ:RDFN). This marked the largest increase since the second quarter of 2022. Investors acquired $43 billion worth of homes in the second quarter,...
The fraying office market has claimed a new victim as UBS Group AG (NYSE: UBS) announced plans to liquidate a flagship real estate fund. Bloomberg reported the CS Real Estate Fund, which the company absorbed in its acquisition of Credit Suisse, had more than 80% of...
The Securities and Exchange Commission (SEC) has obtained a preliminary injunction, asset freeze, and other emergency relief against Atlanta-based Drive Planning LLC and its founder and CEO, high-profile investor and author Todd Burkhalter, charging the defendants...
