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With single-family rents increasing and home deliveries at pre-pandemic levels, developers are in prime position.
Consumers are still holding the economy up, yet higher borrowing costs are weighing on business activity.
The two properties traded for $20.3 million.
The much-anticipated June rate cut is in question in some quarters.
This is the industry's third-ever CRE CLO composed solely of healthcare assets.
It expects to close $350 million over the next six weeks.
A new poll of economists think the Fed won't be able to lower rates as fast as it wants.
The lease is more than double the size of similar deals in the area last year.
QuadReal Property Group was the lender and Walker & Dunlop arranged the loan.
The question is, how much are sellers willing to acquiesce?