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The 13.1% increase is more than four times the pre-pandemic rate.

51% of US homeowners holding a mortgage have rates less than 4%.

MCRR and Island Capital Group have partnered to buy the iconic hotel from Host Hotels.

The 27-property portfolio is located in 10 states and totals 1.2 million square feet.

The acquisition marks the firm's entry into the San Diego market, which is one of the top life science hubs in the country.

Indoor air quality for cannabis-related businesses is a key concern for business owners and landlords, who must protect themselves from liability while offering safe, acceptable conditions for tenants, employees, and customers.

The firm credits its deep experience in the space as the reason why it was able to reach this milestone.

Cannabis real estate owners have limited access to capital, but if passed, the Safe Banking Act could change that.