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...
Pretium, a New York City-based investment firm focused on U.S. residential real estate, residential credit, and corporate credit, announced its acquisition of BH Management Services, a property management platform in the multifamily, student and single-family housing...
Denver-based Healthpeak Properties Inc. (NYSE: PEAK) and Milwaukee-based Physicians Realty Trust (NYSE: DOC) have completed their all-stock merger of equals valued at approximately $21 billion. The combined company will operate under the name “Healthpeak Properties...
Hits and Misses for the Real Estate Week of June 15-19
