Optimal Blue, Jacksonville, Fla., released Investor Pricing Insight, a benchmarking tool that makes real-time pricing available to wholesale and correspondent mortgage investors on demand.
Commercial/Multifamily Briefs Apr. 20 2022
Blackstone, New York, agreed to acquire student housing real estate investment trust American Campus Communities, Austin, Texas, for $12.8 billion, including assuming ACC debt.
Dealmaker: Blackstone Sells The Cosmopolitan of Las Vegas for $5.6B
Blackstone Real Estate Partners VII LP, New York, agreed to sell The Cosmopolitan of Las Vegas for $5.65 billion.
Dealmaker: Landmark Properties, Blackstone Announce $784M Student Housing Venture
Landmark Properties, Athens, Ga., and Blackstone Real Estate Income Trust, New York, launched a joint-venture partnership to recapitalize eight student housing assets totaling 5,416 beds across the U.S.
Industry Briefs June 9, 2021
The Mortgage Collaborative, San Diego, announced results of its inaugural The Pulse of the Mortgage Industry survey ranking mortgage lenders’ top concerns based on 598 executive responses from the co-op’s 234 lender members.
Dealmaker: Blackstone Real Estate Acquires Miami Office Property for $230M
Blackstone Real Estate, New York, acquired 2 & 3 MiamiCentral from Shorenstein Properties, New York, for $230 million.
Dealmaker: Blackstone, Starwood Capital Group to Acquire Extended Stay America
A Blackstone Real Estate Partners-Starwood Capital Group venture agreed to acquire Extended Stay America and its real estate investment trust ESH Hospitality for $19.50 per paired share in an all-cash transaction valued at nearly $6 billion.
Dealmaker: Blackstone Real Estate To Acquire $3.4B Lab Office Portfolio
Blackstone Property Partners Life Sciences, New York, agreed to acquire a 2.3 million square foot portfolio of lab office buildings from a Brookfield Asset Management real estate fund for $3.45 billion.
May Commercial Real Estate Sales Slump
Real Capital Analytics, New York, reported commercial property sales sank again in May as the COVID-19 crisis kept investors on the sidelines.
Real Estate Fund Assets Under Management Exceed $3.5T
Real estate assets under management had a record 2019, according to an industry survey.