Blackstone ramps up activity with $10B multifamily acquisition

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

Colleen’s voice AI rent collector knows where you live

Property management software company Colleen has added voice-based interaction to its artificial intelligence rent collection solution, five months after its initial launch. Continue reading

Troubled WeWork projects savings of $8B through restructured leases

The bankrupt provider of co-working spaces is aiming to emerge from chapter 11 bankruptcy before June through the restructuring of hundreds of leases, company executives said Tuesday. Continue reading

Why investors are bullish on the build-to-rent market

Build-to-rent represents an emerging subset of the resilient single-family rental market, writes investment strategist Michael Zaransky, which manages economic and regional forces better than others and continues to be a sound investment. Continue reading

6 ways to cover your kids’ college costs with real estate investment

If you plan to help out with your kid’s college tuition, there are a variety of real estate investment strategies that can help. Continue reading

Rent is now more affordable than buying in every major US market

Austin and Seattle were the friendliest cities for renters as the monthly mortgage payment on a starter home in each of the top 50 cities soared above the average rent by more than $1,000. Continue reading

DOJ launches criminal probe into RealPage amid rent-fixing scandal

The DOJ opened its investigation into the property management software firm as well as several multifamily building operators who authorities believe collaborated in a “price-fixing combination.” Continue reading

NYC’s ‘worst landlord’ attacked first day of 2-month Rikers sentence

New York City’s worst landlord, Daniel Ohebshalom, was punched on Friday during an inmate brawl at Rikers. Ohebshalom was sentenced for failing to fix more than 700 housing violations. Continue reading