Professional Services Perspectives
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CIM Group Signs Sheppard Mullin to 119,217-Square-Foot Lease at City National 2CAL
CIM Group has implemented a program of capital and operational improvements at City National 2CAL…
How One Private Real Estate Firm is Attempting to Court Financial Advisors
CIM has split its wealth-focused team into three groups so that each group can pursue relationships with a particular segment of the wealth management industry, including broker/dealers, wirehouses and RIAs…
CIM Group Brings Luxury Watch Manufacturer A. Lange & Söhne to The Shops at Tribune Tower
CIM Group controls approximately 60,000 square feet of flexible retail space on Michigan Avenue with its Tribune Tower and 444 N. Michigan Ave. properties.
Wealthtech Addepar Surpasses $5 Trillion of Client Assets Managed on its Platform
For the $5 trillion of assets tracked on the platform, approximately 60% are in marketable securities that are held at custody banks.
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Hines Global Income Trust Announces Increased NAV per Share
Hines Global Income Trust Announces Increased NAV per Share October 15, 2021 | James Sprow | Blue Vault In an 8-K filing with the SEC on October 15, Hines Global Income...
Net Lease Investors Fully Subscribe an ExchangeRight $86 Million Offering
Net Lease Investors Fully Subscribe an ExchangeRight $86 Million Offering October 14, 2021 | ExchangeRight ExchangeRight has fully subscribed its $86.38 million Net-Leased...
Blackstone, Brookfield Say Now’s The Time To Make Deals As Treasury Policy Changes Loom
Blackstone, Brookfield Say Now’s The Time To Make Deals As Treasury Policy Changes Loom October 6, 2021 | Matthew Rothstein Perhaps the two biggest giants in global...
REIT and Private Real Estate Performance: A Closer Look
REIT and Private Real Estate Performance: A Closer Look October 12, 2021 | John Worth Many investors seeking the benefits of portfolio diversification to reduce volatility,...
Today’s tight housing market is already overbuilt, one analyst says
Today’s tight housing market is already overbuilt, one analyst says October 12, 2021 | Diana Olick Anyone out house hunting right now knows the pickings are slim, the...
There is a Severe Shortage of Rental Housing at Every Price Point Now
There is a Severe Shortage of Rental Housing at Every Price Point Now October 08, 2021 | Lynn Pollack Apartment vacancies hit another historic low in September, declining to...
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Shifts in Credit Markets Highlight Importance of Active Management
Fundamental changes in today’s credit markets are occurring in the later stages of the business cycle, a situation that puts investors’ appetite for risk back under…
US Listed REITs Raise $2.8 Billion in At-the-Market Offerings in Q4 2018
According to S&P Global, thirty-five U.S. equity real estate investment trusts raised more than $2.82 billion in at-the-market common equity sales programs…
What was Stephen A. Schwarzman’s (CEO of Blackstone Group, the sponsor of Blackstone Real Estate Income Trust, Inc., a nontraded REIT) estimated net worth as of 2019?
Answer: According to Forbes, Mr. Schwarzman’s estimated net worth was $13.3 billion as of February 25, 2019. The son of a dry goods store owner, he founded private equity firm Blackstone with fellow billionaire Peter Peterson in 1985. He has pledged or given away $350 million to Yale University, New York Public Library and others. He was ranked 34th on Forbes 2018 list of the 400 richest Americans.
Former AvalonBay Execs Launch First Public Opportunity Zone REIT
Even as the wait for final regulations drags on, opportunity zones continue to lure all kinds of investors and inspire a range of investment plans…
Summit Healthcare REIT, Inc. Invests in 14 Indiana Skilled Nursing/Assisted Living Facilities
Summit Healthcare REIT, Inc. (“Summit”) announced that it has acquired an interest in 14 skilled nursing/assisted living facilities throughout Indiana on March 13, 2019. The facilities, acquired for $125 million, consist of a total of…
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