Middle-market cities make up most of the top 10 markets where investors can affordably buy single-family rental properties, reported HomeUnion, Irvine, Calif.
Category: News and Trends
Marriott, Starwood to Merge to Create Worlds Largest Hotel Company
Marriott International, Bethesda, Md., will purchase Starwood Hotels & Resorts Worldwide, Stamford, Conn., for $12.2 billion in a deal that should close in mid-2016, the two firms reported.
Wells Fargo Securities: Potential CRE Lending Risks
Despite low delinquencies, steady increases in bank commercial real estate lending is beginning to spark questions about whether CRE could repeat the 1980s, said Wells Fargo Securities, Charlotte, N.C.
Pew: Record Share of Young Women Still at Home
One key demographic group for future homeownership–young women–remain on the sidelines, said the Pew Research Center.
Freddie Mac: Most Renters Carry Debt Each Month; Down Payment on Home Not a Top Priority
Looking for that “tipping point” between renting and homeownership? A new Freddie Mac survey suggests we’re not there yet.
A Note to Readers
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Dodge: More C/MF Construction Starts Next Year
Total U.S. construction starts for 2016 could rise by 6 percent to $712 billion, following an estimated 13 percent gain in 2015, said Dodge Data & Analytics, Washington, D.C.
Walgreen’s Rite Aid Purchase Could Lower Cap Rates Further
Drug store cap rates–which reached new lows in the third quarter–could fall further resulting from Walgreen’s plan to acquire rival Rite Aid, reported the Boulder Group, Northbrook, Ill.
JLL: Investment Tactics Evolve
Investors are starting to adopt later-cycle investment strategies as the market continues to expand, said JLL, Chicago.
CMBS Metrics Improve Slightly
The outlook improved slightly for properties that support most commercial mortgage-backed securities, reported Moody’s Investors Service, New York.
