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The bridge lending space has become extremely aggressive in the last 18 months, and it is chasing office redevelopment deals.
E&M Management purchased the Lakeshore Villas and Sunset Gardens from Morgan Communities.
Non-grocery anchored retail centers are starting to get more attention from investors, who see value beyond daily needs.
Potential sellers in the Midwest have taken a step back and hesitated to put their properties on the market.
The DCBID's biennial survey shows that the majority of residents in Downtown Los Angeles are young, educated and have a median annual income of $99,000.
A number of well-built and well-located properties have gotten refreshed, and investors see opportunities.
It also boosted its forecast for US growth to 2.7% this year and 2.4% in 2019.
Meanwhile a separate survey from Deloitte shows that few companies are prepared for the accounting change.
The real estate investor developer received the loan from Bank of the Ozarks.
The activist shareholder has expressed its concerns to the REIT before.