Elchonon “Elie” Schwartz, the CEO of the commercial real estate investment firm Nightingale Properties, was sentenced to 87 months in prison for conducting a fraud scheme that siphoned $62.8 million from more than 800 investors. Schwartz solicited investments through...
Paramount Group Inc. (NYSE: PGRE), a real estate investment trust focused on New York City and San Francisco office properties, announced that its board of directors has begun a review of what it described as “a review and evaluation of strategic alternatives to...
Ginnie Mae announced that its mortgage-backed securities (MBS) portfolio outstanding reached $2.74 trillion as of April. The April issuance encompassed $42.2 billion in total MBS, resulting in a net portfolio growth of $10.6 billion. This included $40.7 billion in...
This edition of Tech Trends features the state of the tenant billing software submarket, new tools focused on real estate investing and risk analysis, and real estate tech companies joining the NAR REACH program. A Growing Software Sector. The US tenant billing...
Starwood Real Estate Income Trust Inc. (SREIT), a non-listed REIT managed by Starwood Capital Group, has hired Nora Creedon as its new CEO, effective July 28. She will succeed Sean Harris who is stepping down to pursue other opportunities. Creedon joins SREIT after 18...
Tampa-headquartered Patel Real Estate Holdings announced the launch of an $100 million institutional fund on the Chintai blockchain platform. The Patel Real Estate Holdings Institutional Fund 2025 targets newer-vintage Class A multifamily properties in high-growth,...
