Bloomberg, June 25, 2021–Patrick ClarkInvestors hunting for returns in the frenzied U.S. real estate market are tapping a new strategy: building massive portfolios of houses to rent out on Airbnb.https://www.bloomberg.com/news/articles/2021-06-25/investors-chasing-housing-target-massive-pools-of-airbnb-rentals?srnd=premium
Category: Top National News
Fifty Former Sears Stores Go to Market
The Real Deal (New York), June 25, 2021Andrea Olshan, chief executive officer of the real estate investment trust Seritage Growth Properties that bankrupt Sears formed five years ago, wants to …
Credit Unions Increase Commercial RE Loans in Q1
Credit Union Times, June 21, 2021–Jim DuPlessisCredit unions originated commercial real estate loans at half the rate of others in their portfolios in the first quarter, and their share of …
Investors Explore UPREITs as Alternative to 1031s
Wealth Management Real Estate, June 14, 2021–Beth Mattson-TeigPresident Biden’s tax proposal that puts 1031 exchanges on the chopping block is shining a spotlight on Umbrella Partnership Real Estate Investment Trusts …
Old Hotels, Vacant Offices Could Turn Into Affordable Housing Under Pending Bill
Spectrum News, June 10, 2021–Nick ReismanDistressed properties such as old hotels and vacant offices would be converted into affordable housing under a measure approved Wednesday by New York State lawmakers. …
Regulators Back Reduced Cap Levels
Commercial Mortgage Alert, June 4, 2021“This has been years in the making, and in the end, they decided it was an important project to get done for year-end reporting and …
Creative Capital: Nonbank CRE Lending Growth Progresses
Wealth Management Real Estate, Jun 7, 2021–Andrew FosterAlternative lenders provide opportunities for various public and private investors to invest in commercial real estate debt.https://www.wealthmanagement.com/investment-strategies/creative-capital-nonbank-cre-lending-growth-progresses
What The CEO of the World’s Largest Real Estate Firm Says About the Industry’s Future
D Magazine (Dallas), June 2, 2021–Maria LawsonBob Sulentic began his career as an industrial leasing agent in 1984 with Trammell Crow Co. Now at the helm of the largest commercial …
In Spite of Reduced Lending Caps for 2021, GSE Debt Remains Plentiful
Wealth Management Real Estate magazine, June 01, 2021–Jenn ElliotWith pandemic-related restrictions being rolled back, the GSEs remain very active in multifamily lending, especially on affordable housing.https://www.wealthmanagement.com/multifamily/spite-reduced-lending-caps-2021-gse-debt-remains-plentiful?
Goldman Sachs Backs Single-Family Rental Fund for Small Investors
Wall Street Journal, June 2, 2021–Konrad PutzierA startup that wants to open up the single-family home rental market to small investors is ramping up its home purchases, after winning the …