A convicted Florida felon pleaded guilty to running a real estate investment fraud scheme that raised more than $50 million. Jean Joseph, also known as “Jon,” of Boca Raton, pleaded guilty to conspiracy to commit money laundering. His co-defendant, Janalie Camille...
The New York City-based global alternative asset manager Apollo (NYSE: APO) announced that Apollo-managed funds have acquired Gatehouse Living Group (GLG), a vertically integrated UK residential investment and management platform, from Gatehouse Bank. The financial...
The delinquency rate for commercial mortgage-backed securities (CMBS) surged by 41 basis points (bps) to 7.55% in March, according to new data from Trepp Inc. One year ago, the CMBS delinquency rate was 6.65%. “The five largest newly delinquent loans accounted for...
Canopy Real Estate Partners, a commercial real estate investment firm, has acquired CJ Townhomes, a newly constructed 36-unit multifamily community in Mesa, Arizona, for $13.39 million. The 61,670-square-foot, fully leased property was built in 2024 and consists of...
Hedge fund executive Bill Ackman called on investors to reacquaint themselves with Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC), which resulted in a surge of stock activity for the government-sponsored enterprises (GSEs). In a series of posts on X on Sunday,...
Dallas-headquartered Appreciation Homes LLC has rolled out its Direct Title Security (DTS) offering, an investment vehicle designed to provide accredited investors with direct ownership of single-family rental (SFR) properties while maintaining the income profile of...
