News

“Suburbanization is having a resurgence, and the period of urban growth and suburban decline may have been a short-term blip," says Rutgers University's Dr. James Hughes.

The deal for the Plantation at Walden Lake community is a value-add play for the new owner—Bridge Investment Group, according to Cushman & Wakefield, which represented the seller in the transaction.

The tourism and hotel sectors had to overcome significant obstacles in 2017, including, Hurricane Irma in September, a 3.2% increase in hotel room inventory and the closure of the Miami Beach Convention Center for expansion and renovation.

The buyer is a JV between DSC Partners and Wafra.

“Year to date, we have executed over $335 million of asset sales and recapitalizations, and we will continue to pursue opportunities to capitalize on the attractive market environment that exists today.”

On June 1 Spirit Realty's shares will continue to trade on the NYSE under "SRC," and Spirit MTA REIT will begin trading under "SMTA."

The GSE posted strong numbers for the first quarter, including multifamily where comprehensive income was $404 million with new business volume of $13 billion.

Five Oaks has acquired Hunt Mortgage Group's equity interests for $68 million, while Morgan Properties has bought its second B-Piece.