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Requity Homes Closes on $26 Million Financing Round

Requity Homes Closes on $26 Million Financing Round

by Phil Hall | Jan 11, 2024 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Toronto-based proptech Requity Homes announced the closing of $26 million in equity and debt financing. Requity Homes offers Canadians a rent-to-own program that enables them to rent their residence while being able to save money the option to purchase at a...
UC Asset LP Begins Stock Buyback Program

UC Asset LP Begins Stock Buyback Program

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

UC Asset LP (OTCQB: UCASU), an Atlanta-based real estate investment firm, has filed with the U.S. Securities and Exchange Commission to launch a stock buyback program. In a Form 1-U filed by the company, the company stated, “On Jan. 10, 2024, the general partner of...
Robert L. Denton Sr Named Trustee Board Chairman at COPT Defense Properties

Robert L. Denton Sr Named Trustee Board Chairman at COPT Defense Properties

by Phil Hall | Jan 5, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

COPT Defense Properties (NYSE: CDP), a Columbia, Maryland-based self-managed real estate investment trust (REIT) focused on properties in locations near or containing U.S. government defense installations and missions, has announced the election of Robert L. Denton...
Trepp CMBS Delinquency Rate Drops to 4.51%

Trepp CMBS Delinquency Rate Drops to 4.51%

by Phil Hall | Jan 3, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Trepp Inc. announced that its commercial mortgage-backed securities (CMBS) delinquency rate ended 2023 at 4.51%. December’s rate was a seven basis points decline for the month. At the end of 2022, the CMBS delinquency rate was 3.04%, a 147 basis points difference. For...
Pennington Partners Debuts Real Estate Investment Vertical

Pennington Partners Debuts Real Estate Investment Vertical

by Phil Hall | Jan 3, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Pennington Partners & Co., a multifamily investment office that specializes in working with entrepreneurs, chief executives and their families, announced the launch of Pennington Real Estate Partners (PREP), a vertical that will make direct investments in U.S....
New Forecast Points to Robust Year for REITs

New Forecast Points to Robust Year for REITs

by Phil Hall | Jan 2, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The real estate investment trust (REIT) sector is moving into a more positive environment in 2024, according to a forecast released by the National Association of Real Estate Investment Trusts (Nareit). While high interest rates impacted the commercial properties that...
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