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Goodman Real Estate Acquires Phoenix Multifamily Community for $131.1 Million

Goodman Real Estate Acquires Phoenix Multifamily Community for $131.1 Million

by Phil Hall | Feb 25, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Goodman Real Estate, a Seattle-headquartered real estate investment company specializing in multifamily and commercial real estate, has acquired Town Deer Valley Apartments, a 388-unit Class A property located in Phoenix, for $131.1 million. The sale was facilitated...
CAPREIT Expands into Student Housing Sector with Florida Acquisition

CAPREIT Expands into Student Housing Sector with Florida Acquisition

by Phil Hall | Feb 21, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

CAPREIT (OTCMKTS: CDPYF) (TSX: CAR.UN), a Toronto-headquartered real estate investment trust focused on multifamily assets, has ventured into the student housing sector with its acquisition of Coastal Village, a 200-home, 800-bed student housing community in south...
Bill Ackman Raises Bid on Howard Hughes Holdings

Bill Ackman Raises Bid on Howard Hughes Holdings

by Phil Hall | Feb 19, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Bill Ackman’s Pershing Square Holdco LP has submitted a new non-binding proposal for a $900 million acquisition of Howard Hughes Holdings Inc. (NYSE: HHH). The new proposal would have Pershing Square acquire 10,000,000 newly issued common shares of HHH for $90 per...
Hamid R. Moghadam to Step Down as CEO at Prologis

Hamid R. Moghadam to Step Down as CEO at Prologis

by Phil Hall | Feb 19, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The San Francisco-based real estate investment trust Prologis (NYSE: PLD) announced the retirement of CEO Hamid R. Moghadam, effective Jan. 1, 2026. Dan Letter, currently the company’s president, will succeed Moghadam as chief executive; Letter will also join the...
Nada Debuts US Home Equity Fund I

Nada Debuts US Home Equity Fund I

by Phil Hall | Feb 18, 2025 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The fintech and investment platform Nada has rolled out its US Home Equity Fund I (US HEF), a fund designed to provide qualified investors with direct exposure to the $35 trillion US home equity market through a diversified portfolio of Home Equity Agreements (HEAs)....
16-Unit Connecticut Multifamily Portfolio Sells for $1.55 Million

16-Unit Connecticut Multifamily Portfolio Sells for $1.55 Million

by Phil Hall | Feb 17, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

National Multifamily Corp. announced the sale of a 16-unit multifamily portfolio in Bridgeport, Connecticut, for $1.55 million ($96,875 per unit). The portfolio consisted of 33-35 Granfield Avenue (5 units), 43-45 Granfield Avenue (4 units), 330 Palisade Avenue (2...
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