Avanath Acquires Orlando Property For $63M – Multifamily Real Estate News
Noting the big jump in local rents, the investor plans to keep the 266-unit property affordable
The post Avanath Acquires Orlando Property for $63M appeared first on Multifamily Real Estate News.
Reits To Raise Short-term Debt At Lower Cost As Sebi Allows Issue Of Papers | Business Standard News
Capital markets regulator Sebi's decision to allow Real Estate Investment Trust (REIT) to issue commercial papers will help in raising short-term debt at a lower interest cost, according to real estate industry experts. REIT, a popular instrument globally, was introduced in India a few years ago to attract investment in the real estate sector by monetising rent-yielding assets. It helps unlock the massive value of real estate assets and enable retail participation.
China's Real Estate Crisis: Ccb To Set Up $4.2 Bn Fund To Buy Properties | Business Standard News
The fund will "invest in existing assets" of real estate companies and renovate the properties into rental housing, the lender said in a statement to the Shanghai stock exchange Friday.
What Were The 10 Most Expensive Homes Sold In Oakland The Week Of Sep. 12?
In total, 18 real estate sales were recorded in the area during the past week, with an average price of $1.1 million, $792 per square foot.
Foreign Investors Continue To Seek Stability In U.s. Real Estate
On the positive front, the COVID-19 lockdown that impacted much of the world in 2020 is mostly in the rear-view mirror. Many countries are returning to business as usual (with China, among major economic players, the possible exception). However, the "flip side" includes economic headwinds (inflation), geopolitical conflict (Russia's invasion of Ukraine, and the resulting "saber-rattling" by other countries) and stymied worldwide movement of goods (supply chain disruptions). While these factors continue to create challenges for investors, they have also increased the attractiveness of U.S. commercial real estate as a "safe haven" for capital.
Real Estate Investment Trust: Sebi Permits Reits, Invits To Issue Commercial Papers, Real Estate News, Et Realestate
The move came after Reserve Bank Commercial Paper Directions last month indicated that InvIT and REIT having net worth of at least Rs 100 crore are eligible to issue commercial paper.
Heiress To $14B Retail Fortune Bets On Managing Her Own Money
Alannah Weston, an heiress to one of the world's biggest retail fortunes, has joined the growing number of women taking more control of their money. Weston, 50, set up her own family office, AWC Projects, in April as she began to step back from her role as chair of Selfridges & Co., the luxury department store operator her family agreed to sell last year for about PS4 billion ($4.5 billion) to a Thai-Austrian joint venture. The deal closed in August.
Hpp Real Estate, Machine Investment Group Recapitalize Virginia Asset - Multifamily Real Estate News
The joint venture intends to reposition the property as a Class A community. The post HPP Real Estate, Machine Investment Group Recapitalize Virginia Asset appeared first on Multifamily Real Estate News.
Offsets Aflame: The Risk Of Wildfires To Tree-planting Carbon Credits | News | Eco-business | Asia Pacific
Recent fires at reforestation projects raise the question, can the carbon-capture claims of a booming offset industry hold up? : In July this year, a wildfire broke out in a forest plantation in northeastern Spain, consuming 14,000 hectares of trees in Bubierca, Aragon. There were many such fires across southern Europe this summer, during the continent's worst drought for 500 years. But this was not any forest.
Rezi Launches In Austin With Rastegar Partnership
Pioneering Rental Platform Takes Over Leasing of 200+ Units Across 9 Rastegar Developments in Austin, Texas NEW YORK, Sept. 22, 2022 /PRNewswire/ -- REZI, the pioneer of Occupancy-as-a-Service, has launched in Austin with a partnership with the city's leading developer, Rastegar Property Company. Rastegar is a technology-enabled private real estate investment firm focused on value-add and development in all asset classes throughout Austin and the Southwest US. The partnership between REZI and Rastegar was announced today by Sean Mitchell, Co-Founder and CEO of REZI. ...Full story available on Benzinga.com.