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Social Media Influencer Pleads Guilty to $11 Million Real Estate Ponzi Scheme

Social Media Influencer Pleads Guilty to $11 Million Real Estate Ponzi Scheme

by Phil Hall | Jun 16, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A social media influencer who provided financial advice to over a million followers has pleaded guilty to wire fraud and aiding in a false tax filing in connection to defrauding investors out of more than $11 million. Tyler Bossetti, of Columbus, Ohio, Bossetti used...
HUD and Ginnie Mae in Housing Finance Deal with South Korea

HUD and Ginnie Mae in Housing Finance Deal with South Korea

by Phil Hall | Jun 16, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Department of Housing and Urban Development (HUD) and Ginnie Mae signed a memorandum of understanding (MOU) with the Korea Housing Finance Corporation (KHFC) to encourage cross-border investment and collaboration between the US housing finance system and South...
Office-to-Residential Conversion Begins on DC Property

Office-to-Residential Conversion Begins on DC Property

by Phil Hall | Jun 13, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The private equity real estate firm Henderson Park, working in partnership with the real estate developer and investor Lowe, has commenced work on the office-to-residential conversion of 1250 Maryland Avenue SW in Washington, DC. Currently known as Portals I, the...
265-Unit Seattle Multifamily Community is Acquired for $173 Million

265-Unit Seattle Multifamily Community is Acquired for $173 Million

by Phil Hall | Jun 13, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate investment company Kennedy Wilson (NYSE: KW) has partnered with Kenedix, Inc. and Hulic Co. Ltd. on the $173 million acquisition of The Danforth, a 265-unit multifamily community in Seattle. The 16-story Danforth was constructed in 2018 at the...
Belwood Investments Offers Fractional Real Estate Investment in Palm Springs

Belwood Investments Offers Fractional Real Estate Investment in Palm Springs

by Phil Hall | Jun 12, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Belwood Investments, a fractional luxury real estate investing app, announced its acquisition of a residence in Palm Springs, California, with plans to renovate and flip the house within six months. Belwood Investments said it was raising $250,000 from investors to...
Real Estate Investor Selling Hit Record High in 2024

Real Estate Investor Selling Hit Record High in 2024

by Phil Hall | Jun 11, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Real estate investors accounted for 10.8% of home sellers in 2024, a record high level, according to a new data report from Realtor.com. Last year, 13.0% of homes were bought by investors, a slight increase from 2023 but below the 2022 peak of 13.3%. On the sell side,...
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