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New Initiative Seeks to Bring Solar Energy to Lower-Income Households

New Initiative Seeks to Bring Solar Energy to Lower-Income Households

by Phil Hall | Aug 28, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Housing Authority of Cook County (HACC), Illinois’ second largest public housing authority, has collaborated with the community solar provider Solstice on an initiative to bring solar energy options to low- to moderate-income households across the 108 communities...
Kimco Realty Pays $2 Billion to Acquire RPT Realty

Kimco Realty Pays $2 Billion to Acquire RPT Realty

by Phil Hall | Aug 28, 2023 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Kimco Realty (NYSE: KIM), the owner and operator of open-air, grocery-anchored shopping centers and mixed-use assets, has announced its acquisition of rival company RPT Realty (NYSE: RPT) in an all-stock transaction valued at approximately $2 billion. Upon closing,...
AXS Investments Launches Real Estate Income ETF

AXS Investments Launches Real Estate Income ETF

by Phil Hall | Aug 28, 2023 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

AXS Investments, a New York City-based asset manager, has added a new exchange-traded fund (ETF) to its fund lineup with the introduction of AXS Real Estate Income ETF (RINC). The RINC ETF marks the launch of the AXS partnership with Gapstow Capital Partners, which...
Hersha Hospitality Trust is Acquired by KSL Capital Partners for $1.4 Billion

Hersha Hospitality Trust is Acquired by KSL Capital Partners for $1.4 Billion

by Phil Hall | Aug 28, 2023 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

KSL Capital Partners LLC, a Denver-headquartered investor in travel and leisure businesses, has announced that it will acquire all of the outstanding common shares of Hersha Hospitality Trust (NYSE:HT) for $10.00 per share in an all-cash transaction valued at...
Guild Mortgage Acquires First Centennial Mortgage

Guild Mortgage Acquires First Centennial Mortgage

by Phil Hall | Aug 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

San Diego-headquartered Guild Mortgage (NYSE: GHLD) has acquired First Centennial Mortgage, an Illinois-based privately held residential mortgage lender focused on the Midwest markets. First Centennial Mortgage was founded by brothers Steven and David McCormick in...
Bayview Asset Management Creates Insurance Asset Management Division

Bayview Asset Management Creates Insurance Asset Management Division

by Phil Hall | Aug 28, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Bayview Asset Management has announced the creation of an insurance asset management business. The new division will be led by Chief Investment Officer Nancy Mueller Handal, who previously served as the head of private fixed income and alternatives at MetLife, where...
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