MFA Financial Inc. (NYSE: MFA), a specialty finance company that invests in residential mortgage loans, residential mortgage-backed securities and other real estate assets, has appointed Bryan Doran to the position of chief accounting officer. In his new role, Doran...
The real estate investment firm FCP has invested $22 million in preferred equity to finance two multifamily transactions in the Southeast. FCP is funding the development of Arris NoDa, a 276-unit, four-story, garden-style property in Charlotte, North Carolina, with...
PREIT (OTCQB:PRET), a Philadelphia-headquartered operator of shopping centers in the mid-Atlantic region, has filed for Chapter 11 bankruptcy for the second time in three years. The company announced it is carrying approximately $880 million in total indebtedness and...
New legislation introduced by Democrats in both chambers of Congress seeks to prevent hedge funds from purchasing single-family homes. The End Hedge Fund Control of American Homes Act of 2023 was presented in the House by Rep. Adam Smith (D-WA) and in the Senate by...
Atlanta-based Angel Oak Capital Advisors LLC has hired Sumit Sasidharan as its head of commercial real estate. In his new job, Sasidharan will lead the firm’s CRE platform, which encompasses approximately $300 million in loans. He will also manage the firm’s permanent...
The commercial mortgage-backed securities (CMBS) delinquency rate dropped by five basis points in November to 4.58%, according to new data from Trepp LLC. While the overall rate was down, the office sector delinquency rate spiked by 33 basis points to 6.08% while the...
