Newly Created SPAC Seeks Merger with Real Estate Company
99 Acquisition Group Inc., a special purpose acquisition company (SPAC) seeking a merger with a real estate industry company, has closed its initial public offering (IPO) of 7.5 million units at $10.00 per unit. The units are listed on Nasdaq Global Market and are now...
Jason Geer Joins CAF Capital Partners as SVP of Acquisitions
CAF Capital Partners, a Dallas-based private equity real estate firm, has hired Jason Geer as senior vice president of acquisitions. In his new job, Geer will center on driving the company’s expansion efforts in the Southeastern region. His focus will be directed...
Nomura Fined $35 Million Over RMBS Fraud Scheme
Nomura Securities International (NSI), the U.S.-based broker-dealer subsidiary of Japan’s Nomura Holdings (NYSE:NMR), has reached a $35 million settlement with the U.S. Department of Justice relating to its fraudulent trading of residential mortgage-backed securities...
Hits and Misses for the Real Estate Week of Aug. 14-18
Warren Buffett’s deep-pocket support of homebuilding, a Michigan home that can be yours for a single dollar and an unlikely addition to San Francisco’s skyline. From the wild and woolly world of real estate, here are the hits and misses for this week. Hit: From Omaha...
MetLife Closes New Single-Family Rental Fund With $390 Million
MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), announced the closure of its MetLife Single Family Rental Fund LP (SFR Fund) with $390 million in capital commitments. MIM’s single-family rental strategy is...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
