An investigative feature published by the New York Times has uncovered a previously unreported aspect of Bill Pulte’s portfolio: ownership of five trailer parks in Florida that are in various stages of disrepair. The trailer park investments were not highlighted in...
Eagle Partners, an affiliate of Eagle Real Estate Investment Group, announced the closing of a $107-million affordable housing preservation acquisition, The Hills at Hacienda Heights, a 350-unit apartment community in the San Gabriel Valley of Los Angeles. Situated on...
The investment management firm Blackstone (NYSE: BX) is offloading its portfolio of 90 senior housing properties, incurring a $600 million loss on an investment of $1.8 billion. The Wall Street Journal reports Blackstone has been selling off the properties in a series...
Whitestone REIT (NYSE: WSR) has acquired the 90,391-square-foot World Cup Plaza in the Dallas suburb of Frisco, Texas. Located adjacent to FC Dallas: Toyota Stadium, World Cup Plaza was developed in 2007 and hosts a mix of retailers and restaurants, including Blue...
Investors are continuing to make their impact felt in both high-end and affordable housing markets, according to Realtor.com’s Investor Report Mid-Year Update. While overall home sales declined 4.2% year-over-year in the second quarter, investor purchases fell...
Advanced Real Estate has acquired The Cove at West Covina, a 138-unit Southern California apartment community, for $41 million. Formerly known as Langdon Park, the gated property offers a mix of units ranging from studio to three-bedroom configurations. The...
