The investment and finance veteran will head US distressed commercial real estate for H.I.G.'s Bayside Capital platform.

Even with headline numbers showing an overall recovery, says Svenja Gudell at Zillow, “there are still thousands of Americans struggling to bounce back from the housing bust.”

Although its year-over-year improvement in NOI was lower for 2016 compared to 2015, the apartment sector was still ahead of all others by a comfortable margin, Fitch Ratings said Friday.

“This transaction brings 33 high quality assets to our seniors housing and medical office portfolios,” says David Selznick, CIO of Kayne Anderson Real Estate Advisors.

Collectively, the 100 largest private real estate fund managers have raised more than $700 billion worldwide over the past decade, says Preqin.

A BlackRock fund's sale of Asia Square Tower 2 to CapitaLand Commercial Trust follows the 2016 sale of Tower 1 to the Qatar Investment Authority.

However, an analysis of sector performance shows that “the risks are not evenly distributed across metropolitan markets and tenant types.”

CenterSquare CEO Todd Briddell and other senior executives, along with private equity firm Lovell Minnick, are acquiring the real assets investment boutique from BNY Mellon, its owner since 2006.