JP Morgan Real Estate Income Trust Inc. (JPMREIT) announced the acquisition of two Southeastern residential assets. The Preserve at Pine Valley, North Carolina, is a 219-unit, Class-B housing community, was acquired for $32.1 million in a 90/10 joint venture...
Greystar has announced the start of construction on Old Ivy Residences, a hybrid multifamily and build-for-rent community in Albemarle County, Virginia. The multifamily component of the development will have 336 garden-style apartments with one-, two- and...
Sen. Elizabeth Warren (D-MA) has declared that President Trump is planning to remove Federal Reserve Chairman Jerome Powell from his position. In an interview with Bloomberg Television, Warren claimed that Trump believes “all the power belongs to the king” and...
Pending home sales were on the rise in February, according to data from the National Association of Realtors (NAR). Last month, NAR’s Pending Home Sales Index (PHSI) grew 2.0% to 72.0 in February; an index of 100 is equal to the level of contract activity in 2001....
While the US and Canada advance to the start of a new trade war, a real estate investment trust that owns and operates 218 self-storage facilities in the two countries has launched an underwritten public offering. SmartStop Self Storage REIT Inc. has filed a...
The Consumer Financial Protection Bureau (CFPB) is seeking to vacate its $105,000 settlement of redlining charges against nonbank mortgage lender and broker Townstone Financial Inc. The settlement followed a protracted litigation that began in 2020 under the first...
