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The transaction was facilitated by an unspecified preferred equity investment by national multi-housing owner and operator Pensam Residential of Miami. Pensam's preferred equity investment is structured behind Fannie Mae senior financing.
Retail and hospitality are likely to be the slowest asset classes next year, while multifamily and industrial will remain the strong performers next year.
"The Philadelphia office market has seen immense momentum and rent growth over the past few years and the well capitalized Nightingale and Wafra partnership is in ideal position to capitalize on the favorable market dynamics,' says Walker & Dunlop's Rosenberg.
Navigating changing variables around rising construction costs, Stirling has had to put its head down with clients to massage a layout that is cost-effective.
SL Green is making a straight-forward spread investment; sell assets in the 4% to 5% cap rate range and buy a larger stake in a portfolio that includes trophy assets like 11 Madison Avenue, said BTIG REIT Analyst Thomas Catherwood.
With all the buzz coming from different directions on social media, grabbing the attention of audiences has become a rat race, leaving many asking, "how do you stand out in the noisy world of media?"
With less demand for homeownership, home property appreciation is slowing, according to the latest national index produced quarterly by Florida Atlantic University and Florida International University faculty.