The Lede
Top National News
This Startup Wants to Sell You a Slice of a Rental Home
Wall Street Journal, July 8, 2019--Ryan Dezember (subscription)A California startup is hoping investors will buy portions of houses as well. Roofstock, which operates a website where investors buy and sell occupied rental properties without disturbing tenants, has launched a marketplace where investors can buy stakes as low as 10 percent in single-family rental homes.
Full Story
New York Condo Conversions Near the End, a Casualty of Rent Reform
Wall Street Journal, July 8, 2019--Josh Barbanel, Will Parker (subscription)A longtime New York City practice that promoted homeownership, transformed neighborhoods and enriched thousands of middle-class renters is effectively over. It ended on June 14, when a New York state law to strengthen tenant protections went into effect.
Full Story
Foreign Investors Slow Down U.S. Hotel Acquisitions
National Real Estate Investor, July 9, 2019--Sebastion ObandoForeign investors reduced buying activity in the U.S. hotel sector so far this year, according to industry experts.
Full Story
Dealmaker of the Week
People in the News
News and Trends
June CMBS Delinquency Rate Increases
The commercial mortgage-backed securities delinquency rate saw a rare increase in June, but that figure comes with a "footnote," reported Trepp, New York.
Full Story
Growing Investor Demand for Seniors Housing
Investor appetite for seniors housing is growing. Nearly two-thirds of investors plan to increase their buying over the next 12 months, said CBRE, Los Angeles.
Full Story
Single-Tenant Net Lease Cap Rates Drop Across Sectors
Single-tenant net lease cap rates fell across the board in the second quarter, reported The Boulder Group, Northbrook, Ill.
Full Story
Office Sector ‘Sluggish’ Despite Economic Growth
Last week the U.S. economy entered its longest expansion in history. Yet the office market remains "sluggish," noted Reis Chief Economist Victor Calanog.
Full Story
Commercial/Multifamily Briefs
A group of New York-based net lease investment professionals based launched a national commercial real estate brokerage firm, SAB Capital.
Full Story