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Elevated Demand for Apts. Expected to Remain Due to Household Formation and Lack of Affordable Housing Options

Separate studies issued this week share the same conclusion that demand for rental apartments and other housing options will stay at elevated levels largely due to continued robust household formation and limited affordable housing options,...

WP Carey Exiting Non-Traded REIT Business, Closing Fundraising Platform

W. P. Carey Inc. (NYSE: WPC), which has been sponsoring non-traded REITs since 1990, has decided to get out of that business. The internally-managed net lease REIT’s board this week approved plans to exit all non-traded retail fundraising...

Retiring NKF US Research Director Robert Bach Notes Vast Changes in CRE Over Career

Robert Bach stepped down earlier this month as U.S. director of research for Newmark Knight Frank (NKF), saying he planned to take what he jokingly called an “unpaid sabbatical of indeterminate length,” after more than 35 years in...

VA Planning to Reuse or Demolish All Its Vacant Buildings in 24 Months; Freeze Current Footprint

Following through on a promise from Department of Veterans Affairs Secretary Dr. David J. Shulkin, the VA announced plans to dispose of all of its vacant buildings over the next 24 months. If it can’t sell, re-use or otherwise dispose...

Monday Properties Pivots Back to Buying Mode, Picks Up Five-Bldg Northern VA Office Package

It’s no secret that Monday Properties has been gearing up to get back into the hunt for investment office properties, and the New York City based real estate investment company pulled the trigger on its first purchase in several years...

Columbia Pacific Advisors to Acquire 55-Property Hawthorn Retirement Group

Columbia Pacific Advisors has agreed to acquire Hawthorn Retirement Group, a Vancouver, WA-based firm that owns and operates seniors housing communities in North America. This will be the third go-around for Columbia Pacific founder Dan Baty,...

Columbia Pacific Advisors to Acquire 55-Property Hawthorn Retirement Group

Columbia Pacific Advisors has agreed to acquire Hawthorn Retirement Group, a Vancouver, WA-based firm that owns and operates seniors housing communities in North America. This will be the third go-around for Columbia Pacific founder Dan Baty,...

Bell Partners Closes $600 Million Apartment Fund VI

Bell Partners Inc. completed its second and final close of Bell Apartment Fund VI with $600 million of total equity commitments. The fund was materially oversubscribed and closed at its fund size limit. With debt leverage, the fund has the capacity...

Bell Partners Closes $600 Million Apartment Fund VI

Bell Partners Inc. completed its second and final close of Bell Apartment Fund VI with $600 million of total equity commitments. The fund was materially oversubscribed and closed at its fund size limit. With debt leverage, the fund has the capacity...

5 Cap Realty Planning $1 Billion in Multifamily Acquisitions

A new national investment venture of 5 Cap Realty LLC has acquired two multifamily complexes for $60 million as part of its strategy to launch a multi-year national investment venture that could top $1 billion in assets under management. Plymouth...