The tech-enabled hotel brand will open its first California pop-up hotel, WhyHotel by Placemakr.

According to Sean Organ of Morgan Properties, the firm has sustained low vacancy rate with strong rent growth.

The 27-property portfolio is located in 10 states and totals 1.2 million square feet.

The acquisition marks the firm's entry into the San Diego market, which is one of the top life science hubs in the country.

The firm credits its deep experience in the space as the reason why it was able to reach this milestone.

Cannabis real estate owners have limited access to capital, but if passed, the Safe Banking Act could change that.

The 1.6-acre property consists of two adjacent parcels that will accommodate a 616,000-square-foot development.

A private investor purchased the 128-unit apartment complex, which is located in Visalia, California.