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British Columbia Woman Fined $626,000 for Real Estate Flipping Scam

British Columbia Woman Fined $626,000 for Real Estate Flipping Scam

by Phil Hall | Apr 16, 2024 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The British Columbia Securities Commission (BCSC) levied $626,000 in sanctions and issued market bans against Cherie Evangeline White and her company Kingdom Investments 2015 Inc. for orchestrating a Ponzi scheme involving a real estate flipping scam. According to the...
Wharton to Offer Course on Using Data Analytics for Real Estate Investments

Wharton to Offer Course on Using Data Analytics for Real Estate Investments

by Phil Hall | Apr 16, 2024 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The real estate department at the University of Pennsylvania’s Wharton School of Business is introducing a course designed to teach students how to use data analytics to guide real estate investments. According to a report in The Daily Pennsylvanian, the half-semester...
Alex de Calice Joins Point as Head of Capital Formation

Alex de Calice Joins Point as Head of Capital Formation

by Phil Hall | Apr 16, 2024 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The home equity investment platform Point has hired Alex de Calice as head of capital formation. In his new role, de Calice will spearhead the company’s platform capital fundraising efforts and foster strategic partnerships with institutional investors to drive...
Startup to Target Individual Investors for Real Estate Fund Opportunities

Startup to Target Individual Investors for Real Estate Fund Opportunities

by Phil Hall | Apr 15, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Westport, Connecticut-based Allura Capital LLC, the financial arm of Allura Global, has partnered with Targeted Real Estate Equities LLC and Holly Pond Capital LLC to launch The Valorem Group LLC, which will sponsor a series of private equity real estate funds...
Bascom Group Acquires Las Vegas-Area Senior Housing Complex for $3 Million

Bascom Group Acquires Las Vegas-Area Senior Housing Complex for $3 Million

by Phil Hall | Apr 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Bascom Group LLC, an Irvine, California-headquartered private equity firm, has acquired the Nevada-based senior housing complex Homestead at Boulder City for $3.05 million. The 72-unit Homestead was built in 1999 and is located on 6.39 acres in Boulder City,...
Welker Properties Launches Investor Vehicle for Off-Market Homes

Welker Properties Launches Investor Vehicle for Off-Market Homes

by Phil Hall | Apr 9, 2024 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Welker Properties, a Dallas-headquartered multifamily real estate development company, has debuted Prophet Homes, which is designed to offer investors access to off-market homes. According to the company, the Prophet Homes Real Estate Marketplace is designed to...
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