The global investment firm KKR & Co. Inc. (NYSE: KKR) has announced the final close of the KKR Opportunistic Real Estate Credit Fund II (ROX II) at $850 million. The company describes ROX II as “a strategy dedicated to opportunistic investments in senior loans and...
The head of a New York City commercial real estate investment firm pleaded guilty for coordinating a fraud scheme that siphoned $62.8 million from more than 800 investors. Elchonon “Elie” Schwartz, in his role as the CEO of Nightingale Properties, solicited...
Ukraine recorded its first land purchase by a Western private fund since the Russian invasion in 2022. The Odessa News reports the Amsterdam-based Arcona Property Fund (APF) acquired a land plot in central Kyiv from Secure Property Investment and Development, a...
An Indiana real estate developer was sentenced to 41 months in prison for his role in a fraud scheme aimed at real estate investors. According to court documents, Herbert “Bert” Whalen operated Oceanpointe Property Management in Indianapolis from August 2016 to July...
Kiavi, a San Francisco-headquartered private lender to residential real estate investors, announced it has expanding into 13 states, bringing its nationwide presence to 45 states and the District of Columbia. According to the company, it is now able to serve real...
The government of Vietnam is considering new taxes designed to limit real estate speculation that has been driving up prices. Vietnam News reports Prime Minister Phạm Minh Chính has asked the Ministry of Finance to draft new policies designed to improve oversight of...
