WASHINGTON, DC—"As new apartment construction catches up with demand, we expect to see moderation from record rent growth as well as more selectivity from equity and debt financing sources," says Mark Obrinsky at the National Multifamily Housing Council.

LAS VEGAS—The REIT spun off from MGM Resorts International has begun trading on the NYSE with a portfolio of 10 properties, including six casinos along the Las Vegas Strip.

SAN FRANCISCO—Prologis' first-quarter results, including double-digit year-over-year growth in FFO, serve as a case in point for Barclays' assessment of the sector's growth prospects.

NEW YORK CITY—A source confirms a New York Post report that the Rockpoint Group is in contract to acquire 63 and 67 Wall St., two former office buildings that now house a combined 810 apartments.

WASHINGTON, DC—Census Bureau data show March slowdowns for new starts in both housing sectors; NAHB's Robert Dietz sees "a return to a long-run, gradual growth trend that is consistent with builder confidence levels."

NEW YORK CITY—Still a small portion of troubled CMBS loans overall, 2.0 securitizations in special servicing have seen triple-digit increases year over year, while delinquencies from these vintages have ticked upward since 2015 ended.

LONDON—Sovereign wealth funds remain "highly sophisticated and resilient investors who are increasingly becoming involved in alternative assets and direct investment," says Andrew Moylan at Preqin.

NEW YORK CITY—More than twice its predecessor's size, Brookfield Strategic Real Estate Partners II demonstrates that "private capital demand for real estate investment with a strong global sponsor has not abated," says Brookfield Property's Brian Kingston.