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seekingalpha.com March 22, 2024

Rlty: A Discounted Cef Providing Exposure To Beaten Down Reits

Cohen & Steers Real Estate Opportunities and Income Fund (NYSE:RLTY) is trading at an attractive discount in the real estate sector, and it is also trading at attractive valuations. Real estate investments trust and preferred, which RLTY is invested in, took a significant hit when interest rates and yields rose. That caused rates for borrowings to rise, which is one of the main ways that REITs can use to grow. Similarly, RLTY is also a leveraged closed-end fund that pays borrowings based on a floating rate. Therefore, this fund saw its own borrowing costs increase as well.
Read by 62% of LPs

straitstimes.com 1 hour, 16 minutes ago

Luxury Real Estate Prices Dip In Nyc As Asia Drives Global Gains: Report | The Straits Times

Higher borrowing costs, recession fears hamper some high-end property markets in US and Europe. : Luxury home prices in select Asian cities are soaring, bucking a downward trend in more established markets including New York and London. Prime property prices - defined as the top 5 per cent of the market - fell more than 2 per cent in New York and London in the first quarter compared to the same period a year ago, according to real estate consultancy Knight Frank. Hong Kong and Berlin also posted declines.
Read by 45% of LPs

marketscreener.com 1 hour, 16 minutes ago

Heiwa Real Estate Reit : Notice Concerning Comprehensive Resolution On Issuance Of Investment Corporation Bonds

HEIWA REAL ESTATE REIT, Inc. (the "Investment Corporation") today announces that the Investment Corporation's board meeting has adopted a comprehensive resolution on the issuance of the investment corporation bonds, as described below.
Read by 40% of LPs

businesstimes.com.sg 1 hour, 46 minutes ago

Nvidia's Huang Is Now Richer Than Every Member Of Walmart's Founding Family

ANOTHER blowout quarter from chipmaker Nvidia catapulted co-founder Jensen Huang's fortune past each individual member of the Waltons, America's richest family.
Read by 52% of LPs

mercurynews.com 4 hours, 15 minutes ago

Student Encampments End At San Jose State University And University Of San Francisco

At several colleges throughout the Bay Area, administrators are hearing pro-Palestinian student protesters' demands with varying degrees of agreement. : The San Jose State student encampment opposing the war in Gaza, which had been in place for over a week as the school approached its commencement, came down Wednesday evening after a meeting between the protesters and school administrators. The coalition of students leading the encampment -- SJSU People's University for Gaza and Students for Justice in Palestine -- took down their tents and canopies on Wednesday night around 7:30 p.m.
Read by 57% of LPs

nytimes.com 4 hours, 15 minutes ago

In Antisemitism Hearing, Republicans Demand Discipline For Student Protesters - The New York Times

Leaders of Northwestern, U.C.L.A. and Rutgers, drawing lessons from prior hearings, sought to avoid enraging either the Republicans on the committee or members of their own institutions.
Read by 33% of LPs

pymnts.com 4 hours, 15 minutes ago

New Backing Helps Elon Musk's Xai Raise Nearly $6B

Elon Musk's artificial intelligence startup, xAI, reportedly secured new backing that puts it close to a $6 billion funding round. The round would value xAI at $18 billion, the Financial Times (FT) reported Thursday (May 23). The new backing came from Lightspeed Venture Partners, Andreessen Horowitz, Sequoia Capital and Tribe Capital, per the report. Sequoia Capital was already a confirmed contributor. Musk has been [...] The post New Backing Helps Elon Musk's xAI Raise Nearly $6 Billion appeared first on PYMNTS.com.
Read by 50% of LPs

bangkokpost.com 4 hours, 16 minutes ago

Gpf Portfolio Strategy Shifts To Handling Risks

The Government Pension Fund (GPF), the second-largest fund in the country, has shifted its investment strategy this year to creating a portfolio capable of handling appropriate risks, rather than maximising profits.
Read by 47% of LPs

reminetwork.com 5 hours, 46 minutes ago

Ivanhoe Cambridge Receives Investment Accolades

Ivanhoe Cambridge has been named global real estate investor of the year in the 2024 IPE Real Estate Awards for institutional investors. The post Ivanhoe Cambridge receives investment accolades appeared first on REMINET.
Read by 41% of LPs

vcnewsdaily.com 6 hours, 6 minutes ago

Cbi Group Raises $15M Series A Funding Round

NEW YORK, NY, CBi Group, a rising U.S.-based commercial bank, has secured $15 million in Series A funding.
Read by 36% of LPs

mercurynews.com 7 hours, 15 minutes ago

$100 Million-plus Deal Clears Way For Huge East Bay Housing Project

A $100 million-plus deal has cleared the way for a huge East Bay housing development. : DUBLIN -- A deal that tops $100 million has cleared the way for Landsea Homes to launch a huge East Bay development with hundreds of residences, according to the builder and public real estate records. The housing would be built in Dublin on that city's eastern edges as a result of a transaction involving 54 acres. An entity affiliated with Landsea Homes paid $124.1 million for the property, according to documents filed on May 22 with the Alameda County Recorder's Office.
Read by 45% of LPs