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☆ Why the biggest real estate funds still struggle
▼ + stars: | 2024-05-17 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

Read previewBlackstone, the world's largest landlord, contends the worst is over for commercial real estate. In the first quarter, shareholders in Blackstone Real Estate Income Trust, or BREIT, its $59 billion flagship real estate investment fund, pulled out almost a billion dollars a month on average, according to the company's first-quarter earnings statement. A similar investment fund operated by Barry Sternlicht's Starwood Capital has had an even greater retreat by investors. Share pricing is determined through appraisals of the value of the underlying real estate holdings. In May, Blackstone Real Estate Partners X also completed the $3.5 billion acquisition of Tricon Residential, an owner of single family rental homes.

Persons: —, Barry Sternlicht's, Kevin Gannon, BREIT, reinvigorating, anemic, REITs, Jonathan Gray, Blackstone Heidi Gutman, NBCUniversal, Jon Gray, they're, Gray, outperformance, redemptions, Blackstone, Gannon, They're, Sternlicht, Todd Henderson, REIT, Henderson, It'll Organizations: Service, Investors, Income Trust, Business, Barry Sternlicht's Starwood Capital, Starwood Real, Blackstone, Starwood, KKR, Apollo, Federal Reserve, Communities, Blackstone Real Estate Partners, Tricon Locations: Blackstone, Brookfield, BREIT, Tricon, Nashville, DWS

☆ How real estate's pain could be Wall Street's gain as Blackstone, Goldman, and others dive back in.
▼ + stars: | 2024-03-19 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +12 min

That's not to say predictions of a commercial real estate rebound are a sure bet. Here are four signs that support Gray's prediction that the commercial real estate market may be bottoming. (New York Community Bank had previously purchased $2.7 billion in Signature's loans and deposits, but not the real estate loans.) According to David Seifert, partner at private equity real estate firm Velocis, there are some sweet deals to be had in secondary sales of private-equity funds tied to real estate. The road aheadWhere Gray sees signs of bottoming, others think commercial real estate has much further to fall.

Persons: Warren Buffett, Buffett, Paul Getty, Getty, Steve Mnuchin —, Blackstone, Mnuchin, Donald Trump's, George Soros, John Paulson, It's, Jonathan Gray, Jim Garman, That's, Barry Sternlicht, Gray, Tracy Chen, Chen, BGO, secondaries There's, Ares, Brian King, King, David Seifert, Seifert, Velocis, Goldman Sachs, Dan McNamara, McNamara, Scott Rechler, wallop, Janet Yellen, Rechler, there's Organizations: Business, Goldman, Reuters, Starwood, Brandywine Global, Federal Reserve, . Bank, New York Community Bank, FDIC, Signature Bank, Community Bank, Fund Management, Community Preservation, New, Commercial Observer, Blackstone, Homes, Digital Realty, Polpo, RXR Locations: Blackstone, , New York, New York, BREIT, Real, Velocis

☆ Blackstone is gearing up for a real-estate buying spree. Here are the types of properties it's eyeing.
▼ + stars: | 2024-01-25 | by ( Kaja Whitehouse | Alex Nicoll | ) www.businessinsider.com time to read: +3 min

Blackstone sees a light at the end of the tunnel for the troubled commercial real estate market — and the private equity giant is not waiting for things to settle down before it starts picking winners. "While it will take time, we can see the pillars of a real estate recovery coming into place." Gray noted that the firm made three major real estate transactions in the past two months, including its $3.5 billion deal to take Canadian real estate firm Tricon Residential private. He said the company sees further buying opportunities in residential real estate, including single-family rentals and multi-family rentals. The Tricon transaction, he said, was focused on single-family homes for rent: "That space, because of the shortage of single-family homes, has been much stronger."

Persons: Blackstone, Jonathan Gray, Gray, we've Organizations: Business, Signature Bank, Savings, Loans, Invitation Homes

☆ Average homebuyers are beating out Wall Street landlords
▼ + stars: | 2023-11-29 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

The shutdowns of 2020 created a perfect storm for the housing market — and supercharged the clash between Wall Street and regular homebuyers. Given the attention these markets received during the pandemic, it's no wonder that the battle between Wall Street and Main Street became the dominant story of COVID-era homebuying. Advertisement"If Wall Street was really gobbling up Main Street," Sharga told me, "we would see homeownership rates go down." Wall Street landlords have also been increasingly selling off homes to regular people, a Business Insider analysis found. Still circlingWhile average homebuyers have staged a comeback over the past three years, Wall Street isn't ready to jump out of the housing market altogether.

Persons: homebuyers, That's, Wall, elbowed, Rick Sharga, CJ Patrick Company, they're, who've, Axios, Sharga, CoreLogic, Pretium —, John Voorheis, Voorheis, —, Freddie Mac, James Rodriguez Organizations: Rage, Federal Reserve Bank of Philadelphia, Parcl Labs, Labs, National Association of Realtors, Wall Street, Investor, Wall, Tricon, Associates, Investors, Center for Economic Studies, Census Locations: Phoenix, Chicago, homebuilders, homeownership, Dallas, Charlotte, North Carolina, Atlanta

☆ Houses Too Expensive to Buy Underpin Lofty Rents
▼ + stars: | 2023-11-21 | by ( Will Parker | ) www.wsj.com time to read: 1 min

The exodus of workers and businesses during the pandemic left San Francisco a shell of its former self. But there are small signs of a turnaround. WSJ explores whether new civic policies and fresh commercial interest can rejuvenate the city’s downtown. Photo illustration: Rio Roye/WSJBig public companies that rent out single-family homes are beating the rest of the rental market this year, thanks to tenants who are paying large rent increases on the sorts of homes they increasingly can’t afford to buy. Landlords Tricon Residential , Invitation Homes and AMH , which together own about 180,000 rental homes, each posted rent increases greater than 6% for the third quarter over the same period a year prior.

Persons: Roye Locations: San Francisco

☆ Wall Street landlords with billions in their coffers have gone silent, patiently waiting for cheaper homes to buy
▼ + stars: | 2023-05-21 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +6 min

For the first two or so years of the pandemic, it looked like big, corporate landlords would buy up so many rental homes that they'd soon control the market that had been the purview of mom-and-pop owners. But five months in, the lull that started the year persists, said analysts at John Burns Real Estate Consulting, a purveyor of real-estate data. According to JT Graham, a John Burns analyst who attended an April conference of the SFR lobbying group National Home Rental Council, the buzzword there was "patience." For those that do make the trip, they can console themselves that the industry's fundamentals are strong enough to offset headwinds such as soaring taxes and slowing rent growth, John Burns analysts said. They're also able to absorb defaults and vacancies in the way small landlords can't as their costs increase.

☆ Wall Street has purchased hundreds of thousands single-family homes since the Great Recession. Here's what that means for rental prices
▼ + stars: | 2023-02-21 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +3 min

Institutional investors may control 40% of U.S. single-family rental homes by 2030, according to MetLife Investment Management. And a group of Washington, D.C., lawmakers believe that Wall Street needs to back away from the market. Khanna is the lead author of the Stop Wall Street Landlords Act of 2022. "What's outrageous is your tax dollars are helping Wall Street buy up single-family homes," he said in an interview with CNBC. Since the early 2010s, Tricon Residential, Progress Residential, American Homes 4 Rent, Invitation Homes have each bought thousands of homes.

☆ Wall Street landlords who've stockpiled $110 billion are lying in wait for their biggest American home-buying spree yet
▼ + stars: | 2022-12-22 | by ( James Rodriguez | Daniel Geiger | ) www.businessinsider.com time to read: +11 min

Institutional investors have earmarked as much as $110 billion to buy or build single-family homes. Institutional investors now own about 3% of the roughly 20 million single-family-rental homes in the US, according to Roofstock, an online marketplace for single-family investment properties. That would be nearly 9% of the roughly 88 million single-family homes in the US, according to the Census Bureau's most recent statistics from 2020. Better deals expected in the years aheadThere are signs the institutional investors won't have to wait long to begin buying. That leaves between roughly $70 billion and $80 billion that could still flow into the sector.

☆ This real estate name could gain 19% as demand grows for single-family home rentals, Goldman Sachs says
▼ + stars: | 2022-12-08 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Real-estate investment trust American Homes 4 Rent is well-positioned as single-family home rentals become more in demand, according to Goldman Sachs. These factors all help single-family rentals, Luthra said, as more people get pushed away from buying but still need housing. Though rental prices are coming off pandemic highs, Luthra said American Homes 4 Rent should be able to keep them above pre-pandemic levels. American Homes 4 Rent has increased its number of new homes, moving from around 600 in 2018 to nearly 2,150 in 2022. Comparatively, Luthra said she sees a clearer growth story in American Homes 4 Rent than competitors such as Invitation Homes and Tricon Residential despite both also benefiting from the focus on single-family home rentals.

☆ An investor with 35,000 rental houses is sitting on $3 billion of 'dry powder' as it waits for the perfect time to buy up thousands more homes
▼ + stars: | 2022-11-10 | by ( James Rodriguez | ) www.businessinsider.com time to read: +4 min

Tricon Residential is one of the biggest owners of single-family rental homes in the US. Berman said the company expected to buy up 850 homes in the fourth quarter, for a total of 7,300 this year. Berman said the company was "slowing down today" so it could buy larger portfolios at discounted prices in the future. Single-family rental operators may be slowing down in the short term, but the biggest players have been adamant that the fundamentals of their business remain strong. "We also think that a lot of the startups in single-family rental may have trouble getting financing, and so maybe some portfolios shake loose.

☆ Big investors are buying fewer homes to rent out on a bet that prices will fall. Case in point: A 2,000-house portfolio just got yanked from the market after failing to lure buyers at its $500 million
▼ + stars: | 2022-09-20 | by ( James Rodriguez | ) www.businessinsider.com time to read: +6 min

That's left some big portfolios sitting on the market — but don't expect the lull to last long. This past summer, a huge portfolio of 2,000 homes hit the market. The market for single-family-rental portfolios, once red-hot, has slowed considerably as the biggest participants face higher borrowing costs and market volatility. The challenges aren't limited to big SFR portfolios. Deals are still getting done, too — one SFR portfolio traded in August for a little more than $140 million, according to a person with knowledge of the deal.

☆ The corporate landlords buying up America's houses are hiring high-profile PR execs and lobbying Washington regulators to convince opponents they're not the bad guys
▼ + stars: | 2022-05-28 | by ( James Rodriguez | ) www.businessinsider.com time to read: +10 min

Corporate owners of single-family homes face mounting criticism as their presence grows. Organizers from the Center for Public Democracy stood atop the stage at the Park Hyatt hotel in Washington, DC, where they interrupted a conference for owners of single-family rental homes. Institutional owners of single-family homes have typically preferred to operate quietly. In the decade-plus since the financial crisis, institutional investors have poured billions of dollars into acquiring and developing single-family homes for rent. It's for that reason that Howard is concerned about homeowners associations barring investors from buying homes in certain neighborhoods.

☆ As families and 'Parrotheads' flock to campgrounds and RV parks, institutional real-estate investors see their next big score
▼ + stars: | 2022-05-23 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +13 min

Investors are eyeing profits in campgrounds and RV parks as Americans flock to the great outdoors. Camp Margaritaville RV Resort and Cabana Cabins Auburndale, Central FloridaThe trend is also driven by demographics. Sam Zell's Equity Lifestyle Properties, another large REIT that invests in RV parks alongside mobile homes, has also been busy. While it's not clear how much big investors have thrown into RV campgrounds, manufactured housing communities as a whole have seen a burst of Wall Street financing. After looking hard at multifamily and industrial, he settled with RV parks.

☆ „Moldova Fashion Days”. Designerii autohtoni își vor prezenta astăzi colecțiile la o nouă ediție a evenimentului
▼ + stars: | 2021-04-24 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Startul evenimentului va avea loc pe 24 aprilie, ora 14.00, iar publicul îl va putea urmări live pe pagina de facebook, youtube și instagram Moldova Fashion Days, precum și pe paginile partenerilor media, a sponsorilor și organizatorilor „Din Inimă și Apius”. Cele mai noi tendințe, culori alese, texturi îndrăznețe, stil și atitudine, asta vor oferi cei 20 de designeri autohtoni, care își vor prezenta pe 24 aprilie, ora 14.00, colecțiile pentru sezonul primăvară-vară în cadrul „Moldova Fashion Days Rebirth”. La această ediție vor participa 20 de designeri autohtoni, brand-uri consacrate și îndrăgite de public, dar și nume noi la început de cale. „Moldova Fashion Days” face parte din campania „DININIMĂ” al cărui scop este să promoveze brandurile locale și să motiveze consumatorii să cumpere produsele realizate pe piața internă. Partenerul general al evenimentului este Porsche Center Moldova, partenerii gold Felicia Optic Center, Engystol, Lymphomiosot, Nervoheel, Smile Dent, partenerii silver Vinuri și Spumante DOR și DermaBeauty, partener bronze Akuratti.

Persons: Lidia Selici, Dani Kristine, Mia Bella, Alina Bradu, Rodica Nicov, Nicole Storm, Ionel, Julia Allert, Sophie, Dent Organizations: facebook, Days, Moldova, Lidia Selici Kids, Models, Evenimentul, Porsche Center Moldova Locations: Moldova, Tricon, Arabadji, Industria Ușoară, Engystol, Lymphomiosot

La această ediție Moldova Fashion Days vom putea urmări în format online 20 de designeri autohtoni, brand-uri consacrate și îndrăgite de public, dar și nume noi la început de cale. Totodată, această ediție Moldova Fashion Days Rebirth introduce tendința modei sustenabile și a principiilor confecțiilor ecologice. În cadrul Moldova Fashion Days Rebirth vom avea ocazia să urmărim o colaborare spectaculoasă între două branduri pentru care protecția mediului contează. Moldova Fashion Days face parte din campania „DININIMĂ” al cărui scop este să promoveze brandurile locale și să motiveze consumatorii să cumpere produsele realizate pe piața internă. Evenimentul este organizat de APIUS (Asociația Patronală din Industria Ușoară) și DININIMĂ și este susținut de către partenerii strategicii USAID, Sweden Sverige și UKaid.

Persons: Lidia Selici, Dani Kristine, Mia Bella, Alina Bradu, Rodica Nicov, Nicole Storm, Ionel, Julia Allert, Sophie ., Julia Alert, Dent Organizations: Days, Lidia Selici Kids, Models, Porsche Center, facebook, Evenimentul, Porsche Center Moldova Locations: Moldova, Tricon, Arabadji, Porsche Center Moldova, Industria Ușoară, Engystol, Lymphomiosot

☆ (foto) Să ne îmbrăcăm în această primăvară în creațiile designerilor autohtoni. Ce piese vestimentare curioase poți găsi la showroomurile lor
▼ + stars: | 2021-04-02 | by ( Onixmedia Srl | Aleg Sa Mă Scufund În Oameni Ca În Mare | Fără Teamă Să Înot. | ) diez.md time to read: +1 min

Pe lângă multitudinea de trenduri deja existente, ce-ar fi să creăm unul nou, cel de a purta haine făcute de designerii vestimentari autohtoni? În acest sens ne-am gândit să vă facem o listă cu numele artiștilor care creează piese vestimentare inedite pe care le puteți îmbrăca primăvara aceasta, și de ce nu, în alte sezoane ale anului în dependență de colecțiile pe care le vor avea. În articolul ce urmează vă facem cunoștință cu numele a câtorva designeri care poate o să vă cucerească atenția și o să vreți să le faceți o vizită la showroom pentru a vă împrospăta garderoba cu ceva autohton, calitativ și stilat. # ZephyrPagina de Facebook AICI! # MallenaPagina de Facebook AICI!

Persons: MAYA, Julia Organizations: Facebook

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