Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
Rapid fluctuations of internal and market forces may compel construction lenders or their servicers to be agile, Trimont Real Estate Advisors' Thomas J. Wise writes in this <b>EXCLUSIVE</b> commentary.
The REIT's non-executive chairman, James A. Ratner, says the company is “committed to closing the gap between our share trading price and net asset value.”
“REITs are an important allocation in diversified securities portfolios, and FTSE Russell's action will help build global recognition of that fact,” says NAREIT's Steven A. Wechsler.
Yet CohnReznick's latest survey of participants in the federal housing tax credits program cites concerns about the credits' trading prices as well as the program's current ability to meet growing demand for affordable units.
A partnership of Brooksville Co. and Rockpoint Group is paying $850 million for the 5,881-unit apartment complex in Brooklyn, the nation's largest federally subsidized housing development.