Saudi Arabia has moved further into the real estate finance realm with its first residential mortgage-backed securities (RMBS) offering. The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund company, coordinated the offering. In a press statement,...
The New York City-based cryptocurrency company is pushing back at the Securities and Exchange Commission’s (SEC) fraud lawsuit, accusing the agency of cherry-picking issues and conflating them into a bogus prosecution. CoinTelegraph reports that Unicoin asked a New...
Wahed, a New York City-based fintech, announced the launch of a Shariah-compliant private real estate investment platform for US investors. According to the company, the new offering eliminates the need for large upfront capital by offering fractional shares in...
Braemar Hotels & Resorts Inc. (NYSE: BHR), a Dallas-based real estate investment trust (REIT) focused on investing in luxury hotels and resorts, has begun the process of putting itself up for sale. The company and its financial advisor, Robert W. Baird & Co....
The buy-before-you-sell real estate fintech Knock announced the successful close of its inaugural $100 million securitization. According to the Atlanta-based company, the $100 million bond issuance will be used exclusively to fund Knock’s Bridge Loan products. Cantor...
Vornado Realty Trust (NYSE: VNO) has announced its $218 million acquisition of the 623 Fifth Avenue office condominium in Midtown Manhattan. The 36-story, 382,500-rentable-square-foot building is based directly above the flagship Saks Fifth Avenue department store and...
