Real estate investors accounted for 10.8% of home sellers in 2024, a record high level, according to a new data report from Realtor.com. Last year, 13.0% of homes were bought by investors, a slight increase from 2023 but below the 2022 peak of 13.3%. On the sell side,...
An upstate New York tax preparer and insurance agent was arrested for allegedly operating a massive Ponzi scheme for over three decades that stole more than $50 million from 988 real estate investors. According to the charges brought against him, Miles Burton Marshall...
The Kansas City-based private investment firm Platform Ventures is rolling out a multifamily development unit focused on ground-up apartment development and construction. In a statement, the company said it was pursuing this strategy because it “believes multifamily...
A father and son team pleaded guilty to securities fraud and aggravated identity theft in connection with their scheme to defraud investors of more than $280 million in two municipal bond offerings tied to the construction of the 320-acre Legacy Park sports complex in...
Nuveen, the investment manager of TIAA, has debuted a 1031 real estate exchange platform. The new platform is structured as an Umbrella Partnership Real Estate Investment Trust (UPREIT) program that will enable property owners to convert proceeds from real estate...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
