The Bloomberg REIT Index recorded its largest single-day gain since December on Monday. The largest gains, unsurprisingly, were recorded by AIR Communities, also known as Apartment Income REIT. Continue reading
The acquisition of AIR Communities marks Blackstone’s largest in the multifamily sector and shows a bullishness in rental housing, as well as a mentality that the commercial market may be bottoming out. Continue reading
Jon Gray described the current market as a “bottoming period” that should inspire investors to get moving on new purchases and said investors who move fast stand to be rewarded once prices recover. Continue reading
Tricon is a landlord and developer of single-family rental homes in the United States and Canada with a portfolio of over 38,000 rentals. Continue reading
Lobbying group the Real Estate Roundtable, which represents the interests of investors like Citigroup Inc., Blackstone, Related, Starwood and Wells Fargo & Co., is appealing to state legislators to amend Governor DeSantis’ new, restrictive foreign… Continue reading
Both hotels and short-term rental companies are vying for customers seeking out extended stays through new offerings as business travel ramps up across the U.S. this fall. Continue reading
Layoffs come a week after the shutdown of RealSure, Home Partners’ iBuyer joint venture with real estate franchising giant Anywhere, and include Pathlight Property Management. Continue reading
The companies all debuted within a few slots of established player Realogy, and highlight both the role of tech in real estate and the rise of bitter rivalries. Continue reading
Zillow’s ill-fated iBuying venture drew detractors online before the program collapsed. But as the company races to unload 18,000 home, were they right about where it’s headed? Continue reading
The idea that the city is for condos and the suburbs are for homes is not reflective of a market in which suburban condo sales — and prices — are soaring. Continue reading