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Pretium Acquires BH Management Services

Pretium Acquires BH Management Services

by Phil Hall | Mar 1, 2024 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

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...
Reynolds Asset Management Acquires Two Multifamily Properties in Texas

Reynolds Asset Management Acquires Two Multifamily Properties in Texas

by Phil Hall | Feb 27, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Paramus, New Jersey-based Reynolds Asset Management has acquired two multifamily properties in Texarkana, Texas, for $23 million. The 360-unit acquisition is a joint venture with Jeff Juster’s Newport Capital Advisors LLC. The two companies plan to invest $3 million...
Pennsylvania’s Stafford Avenue Business Park Sells for $6.5 Million

Pennsylvania’s Stafford Avenue Business Park Sells for $6.5 Million

by Phil Hall | Feb 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News

CBRE Group Inc. (NYSE:CBRE) announced the $6.5 million sale of the Stafford Avenue Business Park, a three-building light industrial complex located in Scranton, Pennsylvania. The property is based on an 11.75-acre site and consists of three buildings ranging in size...
Guild Mortgage Acquires Academy Mortgage Corp.

Guild Mortgage Acquires Academy Mortgage Corp.

by Phil Hall | Feb 14, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

San Diego-headquartered Guild Mortgage (NYSE: GHLD) has acquired the retail lending assets of Academy Mortgage Corp., a Utah-based lender. Academy generated $5.59 billion in loan originations in 2023, and its approximately 200 branches and more than 1,000 employees –...
Safe and Green Development Corp. Acquires XENE Real Estate AI Software

Safe and Green Development Corp. Acquires XENE Real Estate AI Software

by Phil Hall | Feb 8, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The Miami-based real estate firm Safe and Green Development Corp. (SG Devco) (NASDAQ: SGD) has closed on its acquisition of Majestic World Holdings (MWH), a real estate technology firm and owner of the Xene AI Software platform. The purchase price for the acquisition...
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