The private equity firm Bascom Group LLC has acquired San Miguel Court Apartments, a garden-style multifamily property in Santa Fe, New Mexico. Built in 1974, the 96-unit San Miguel Court features a mix of including one-, two- and three-bedroom units. This is Bascom’s...
The real estate crowdfunding firm Neighborhood Ventures has launched the Arizona Multifamily Opportunistic Fund, which is designed offer investments in Arizona multifamily commercial properties that Neighborhood Ventures estimates are selling at a distressed rate of...
Toorak Capital Partners Inc., a capital provider to the residential real estate lending industry, announced the closing of the first rated residential transition loan (RTL) securitization, Toorak 2024-RRTL1. RTLs are used by real estate investors use to renovate older...
The delinquency rate for commercial mortgage-backed securities (CMBS) rose by 5 basis points to 4.71% in February, according to data from Trepp Inc. One year ago, the U.S. CMBS delinquency rate was 3.12% – a 159 basis points difference. Last month’s uptick was mostly...
Capital Square, a Richmond, Virginia-headquartered sponsors of tax-advantaged real estate investments and a developer and manager of housing communities, announced that Jay Olander has joined the company as president and chief financial officer. Olander also serves as...
Basis Industrial, a privately held and vertically integrated real estate owner and operator, has hired Morgan Clark as director of investor relations. In his new role, Clark will oversee and manage the operational and capital management activities associated with...
