Bill Ackman’s Pershing Square Capital Management is investing $900 million into Howard Hughes Holdings Inc. (NYSE: HHH), enabling it to acquire 9 million newly issued shares of the company. The investment increases Pershing’s stake in Howard Hughes to 46.9% from...
Americans consider real estate as their best long-term investment, according to Gallup’s 2024 Economy and Personal Finance survey. In a choice of six investment options, real estate scored highest among the survey’s respondents with a 36% share, followed by stocks or...
KeyCorp’s (NYSE:KEY) KeyBank and the National Community Reinvestment Coalition (NCRC) has announced a new $25 million partnership aimed at increasing investment in underserved communities. Under the terms of the partnership, KeyBank will provide $17 million to fund...
NewStar Asset Management, a real estate-focused alternative investment and asset management company based in Atlanta, has launched NewStar Equity Lot Finance, a subsidiary business focused on investments in residential land development in partnership with select...
Aviva Canada, the Toronto-headquartered property and casualty insurance group, has invested in OneClose Inc., a fintech that helps the owners of newly constructed Canadian condominiums save thousands of dollars in interim fees. Consumers who buy a newly built condo in...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
