Lucid Capital Markets Establishes REIT Equity Research Group

by Phil Hall | Jul 19, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Lucid Capital Markets LLC, a New York City-based broker dealer and investment bank, has launched its REIT Equity Research Franchise with the hiring of Craig Kucera as managing director. In his new role, Kucera will have coverage responsibilities across the real estate...

David Schreiber Named Chief Investment Officer at Cullinan Properties

by Phil Hall | Jul 18, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Cullinan Properties, a Peoria, Illinois-headquartered real estate firm specializing in commercial and mixed-use developments and acquisitions, announced the appointment of David Schreiber as its chief investment officer. Schreiber joins Cullinan Properties with over...

Waltz, a Fintech Start-Up, Offers Platform for Foreign Investors in US Residential Real Estate

by Phil Hall | Jul 17, 2024 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Miami-based fintech start-up Waltz Inc. is now offering foreign investors a platform to invest in and purchase US residential real estate within a 30-day period. Waltz is currently available in nine states – Alabama, Florida, Georgia, Maryland, Mississippi, North...

NYC Developer in $272 Million Settlement Over Defrauding EB-5 Investors

by Phil Hall | Jul 11, 2024 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A New York City real estate developer has entered into a $272 million settlement with the Securities and Exchange Commission (SEC) over accusations that he defrauded Chinese EB-5 investors. The federal EB-5 federal program enables foreign investors to obtain a U.S....

John Park to Step Down as President at W.P. Carey

by Phil Hall | Jul 10, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

W.P. Carey Inc. (NYSE: WPC), a New York City-based net lease real estate investment trust (REIT), announced that John Park will step down as president effective Sept. 30. Park joined W.P. Carey as an investment analyst in 1987 and was director of strategy and capital...

Forecast: Global Real Estate Tokenization Market to Reach $26 Billion by 2034

by Phil Hall | Jul 9, 2024 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A new report is predicting the global real estate tokenization market size and share will grow in revenue from $3.8 billion in 2024 to $26 billion by 2034, with a compound annual growth rate of 2.90%. The report from Prophecy Market Insights observed the U.S. is “the...