Blaze Capital Partners, a Charleston, South Carolina-based rental housing investment management firm, has acquired Lector 85, a 254-unit apartment community located in the Tampa suburb of Ybor City, Florida. Lector 85 is a Class A mid-rise apartment community built in...
The commercial mortgage-backed security (CMBS) delinquency rate declined by 10 basis points in May to 4.97%, according to data from Trepp Inc. “The decrease was primarily driven by some sizable resolutions in the office sector,” said Stephen Buschbom, research...
FractIt, a Toronto-headquartered blockchain-based platform for fractional real-world asset ownership, has completed its pilot program involving the tokenizing of an Indian condominium valued at $235,000. FractIt offers fractional real estate ownership through...
Realcoin Global Tech, the Dubai-based company behind the Realcoin Web3 Real Estate Platform, has opened a representative office in Sheridan, Wyoming, that will serve as its operational and product development hub for its expansion into the U.S. market. Realcoin (RCT)...
Origin Investments, a Chicago-headquartered multifamily investment solutions provider, has rolled out Origin Exchange, an investment program for qualified 1031 exchange investors. According to the company, the program establishes a Delaware Statutory Trust (DST) to...
Sila Realty Trust Inc., a net lease real estate investment trust focused on the healthcare sector, announced it has received approval to list its common stock on the New York Stock Exchange (NYSE). The New York City-based REIT is expected to begin trading on June 13...
Hits and Misses for the Real Estate Week of June 15-19
