Southeast

Facebook is donating $1 billion during the coming decade for California affordable housing, on the heels of Google's announcement earlier this year of a $1 billion housing stipend to help with the affordability crisis.

Mitigating lawsuits from ADA-compliance lawsuits are one of the top priorities for retail owners.

Industry veteran Ben Seager joins the firm to lead and expand the 75-plus senior living platform.

The 11-property portfolio consists of class-A communities located in Florida, Georgia and Nevada.

The property prior to the sale, entered into a 10-year, 340-bed master lease with Columbia College in August. Greystar reports that the remaining 48 beds are fully leased for the 2019/2020 academic year.

Returns have also moderated from an average of 8.8% in 2018, down 30 bps from 9.1% in 2017, according to Hodes Weill & Associates and Cornell University's annual Institutional Real Estate Allocations Monitor.

The 7.2 MW-rated solar installation at Iron Mountain's data center in Edison (NJE-1) is forecast to generate more than 9 Million KWhrs per year, which is enough electricity to power more than 1,000 homes for a year.

The combined company will create Watermark Lodging Trust, which will have 33 lodging assets.