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US warehouse rents will defy logistics transportation rate drop -Prologis CEO
Warehouse rents will continue to rise even as other supply-chain costs tumble from pandemic highs, the CEO of the world’s largest warehouse landlord told Reuters on Tuesday. Lease prices have proven far more resilient than air, ship, truck and train transportation rates which have dropped sharply due to the consumer spending shift from goods to services, inflation and higher borrowing costs…
Why NYX Capital Sold Its $310M Self-storage Portfolio: President and CEO Yashar Fatehi Cites Economy, Market Conditions for Timing of Sale
After making Canada’s largest self-storage portfolio sale thus far in 2023, the CEO of NYX Capital Corp. says his company is not completely exiting the sector. NYX, a Toronto-based private equity real estate investment firm with over $1 billion assets under management, sold its $310-million self-storage portfolio last month. The income-producing properties were sold to Ladera Ranch, Calif.-based SmartStop Self Storage REIT – a $300-million acquisition of eight Ontario properties.
Shopoff Realty Investments and Urban Pacific Create Joint Venture Partnership to Develop Urban Town Homes
Shopoff Realty Investments (“Shopoff”), and The Urban Pacific Group of Companies have created a joint venture partnership to further advance Urban Pacific’s “Urban Town House” (UTH) build-for-rent, multi-generational housing concept.
Homes Are Selling for Near-Record Highs as Supply Falls to New Low, Demand Picks Up
A record low number of homes for sale combined with an uptick in homebuyer demand propped up housing prices in June, even as elevated mortgage rates kept many buyers on the sidelines. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median U.S. home sale price was $426,056 in June, just 1.5% ($6,341) below the all-time high of $432,397 set in May 2022…
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Clip: Include Input from the Whole Team
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Owl Rock Capital Partners, Dyal Capital Partners May Merge
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Which listed REIT sold $28.2 million in nontraded preferred stock in October 2020?
Which listed REIT sold $28.2 million in nontraded preferred stock in October 2020? Answer: Bluerock Residential Growth REIT reported sales of $28.2 million in nontraded...
Strategic Storage Trust IV Opens Second Newly Constructed Facility in Greater Toronto Area
Strategic Storage Trust IV Opens Second Newly Constructed Facility in Greater Toronto Area December 4, 2020 LADERA RANCH, Calif. – December 4, 2020 – Strategic Storage...
Corporate Property Associates 18 – Global Announces $8.55 Estimated NAV
Corporate Property Associates 18 – Global Announces $8.55 Estimated NAV December 3, 2020 Corporate Property Associates 18 – Global Incorporated (“CPA:18 – Global”) announced...
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Which two nontraded REITs from the same sponsor are proposing to merge if shareholders approve?
Which two nontraded REITs from the same sponsor are proposing to merge if shareholders approve? Answer: Moody National REITs I and II Learn more about Moody National Companies on our Sponsor Focus page. Click...
CION Investment Corporation Maintains Distribution Rate for April 2017
CION Investment Corporation Maintains Distribution Rate for April 2017 March 30, 2017 | by James Sprow | Blue Vault On March 23, 2017, the board of directors of CION Investment Corporation (“CION”), a CION Investments company, declared four regular weekly cash...
Cole Office & Industrial REIT Announces NAV of $10.32
Cole Office & Industrial REIT Announces NAV of $10.32 March 30, 2017 | by James Sprow | Blue Vault Based on the recommendation from a valuation committee comprised solely of the Company’s independent directors, including the independent Chairman of the Board, on...
Cole Credit Property Trust IV Announces New NAV of $10.08
Cole Credit Property Trust IV Announces New NAV of $10.08 March 30, 2017 | by James Sprow | Blue Vault Based on the recommendation from a valuation committee comprised solely of the Company’s independent directors, including the independent Chairman of the Board, on...
REITs: Laggards, but for how long?
REITs: Laggards, but for how long? Rising rates and high expectations have hurt the real estate vehicle, but a few factors could brighten its outlook March 29, 2017 | by John Waggoner | InvestmentNews.com In this market, looking for bargains is like looking for a good...
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