Ethan Penner, who is credited as being the father of the commercial mortgage-backed securities (CMBS) sector, is setting his sights on the 2026 race for California governor. The Real Deal reports that Penner, the CEO of Calabasas-based Mosaic Real Estate Investments,...
Nuveen, the investment manager of TIAA, has debuted a 1031 real estate exchange platform. The new platform is structured as an Umbrella Partnership Real Estate Investment Trust (UPREIT) program that will enable property owners to convert proceeds from real estate...
Senate Democratic Leader Chuck Schumer slammed President Donald Trump’s announcement that he planned to take Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) public, claiming it would only “line the pockets of the wealthy” while jacking up mortgage costs. The...
The condo market has become so bad – pause for a “Match Game”-style response of “How bad is it?” – that nearly seven in 10 (68%) condos sold below list price in the first quarter, the lowest share in five years. Furthermore, new data from Redfin (NASDAQ: RDFN) found...
President Donald Trump announced that he planned to take Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) public, which would end the federal conservatorship of the government-sponsored enterprises that have been in place since September 2008. In a post on his...
Strawberry Fields REIT Inc. (NYSE American: STRW) is paying $59 million to an unaffiliated seller for the purchase of nine healthcare facilities in Missouri. The nine facilities are comprised of 686 licensed beds. The company plans to lease eight of the facilities to...
