The House of Representatives has tweaked the Senate-approved 21st Century ROAD to Housing Act by removing a provision requiring institutional investors who own build-to-rent (BTR) single-family housing to sell their properties within seven years of construction. The...
A Brooklyn real estate investor and a former New York State judge were indicted on charges of wire fraud conspiracy for running schemes that defrauded millions of dollars from investors. Sam Sprei – who is also known as “Yechiel Sprei,” “Shimon Sprei,” and “Eli...
A New Jersey couple who gained prominence as real estate influencers were indicted for allegedly running an investment scam that took investors’ money with a promise to receive high returns on Cleveland-area real estate property developments. A federal grand jury...
Two Harbors Investment Corp. (NYSE: TWO), the mortgage servicing rights-focused real estate investment trust, has rejected the latest attempt by UWM Holdings Corp. (NYSE: UWMC) to secure a merger, calling the company’s new offer of $12.50 per share an “illusory,...
Guardian, a real estate investment and operating platform focused on multifamily properties, has partnered with PCCP LLC to acquire Ladd Tower, a 23-story residential high-rise in Portland, for $63 million. Built in 2009 and LEED Gold certified, the 322-unit Ladd...
Bethesda, Maryland-based Elme Communities (NYSE: ELME) provided an update regarding its ongoing liquidation activities that were first announced last summer. The company said that it completed the sale of five of its remaining properties this year, a quartet of...
