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☆ Jim Cramer tells investors his takeaways from BREIT barring withdrawals from the fund
▼ + stars: | 2022-12-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer tells investors his takeaways from BREIT barring withdrawals from the fundCramer gave his take on the news that Blackstone Real Estate Investment Trust is barring further withdrawals from the fund after reaching its quarterly limit.

☆ The types of rental properties and regions set to outperform, according to a research strategist who supports a $15 billion portfolio
▼ + stars: | 2022-12-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Regardless of what traditional economic indicators are pointing to, there are certain real estate sectors that are set to outperform. The firm, which has $15 billion in assets, offers an investment vehicle called the Bluerock Total Income+ Real Estate Fund, which allows individuals to invest in institutional private equity real estate (iPERE) securities alongside large endowments and pension plans. A commonly used metric is called a capitalization rate or a cap rate for short. The cap rate is determined by the NOI divided by a property's valuation and expressed as a percentage. Another way to gain exposure to the sector is through real estate investment trusts (REITs) on the public stock market.

☆ Blackstone limits withdrawals from real estate fund as inflows slow
▼ + stars: | 2022-12-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackstone limits withdrawals from real estate fund as inflows slowCNBC's Jim Cramer and the 'Squawk on the Street' team discuss shares of Blackstone after the company limited withdrawals from its real estate investment trust.

☆ Blackstone’s BREIT slump looks nasty but not fatal
▼ + stars: | 2022-12-02 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

NEW YORK, Dec 2 (Reuters Breakingviews) - Investors knocked around $8 billion off Blackstone’s (BX.N) market capitalization on Thursday after it said investors were fleeing a flagship real estate fund. But it’s a nasty black eye for the $125 billion Blackstone Real Estate Investment Trust, one of the private-equity giant’s star earners. The real-estate fund only allows withdrawals of 5% of its net asset value - which stood at $69 billion in November- per quarter. So based on some simple math, the erasure of $8 billion of Blackstone’s market value suggests investors think perhaps half of BREIT’s profit might go up in smoke. BREIT’s terms allow for investor redemptions equivalent to 2% of its net asset value a month, or 5% per quarter.

☆ There is ‘enormous opportunity’ in REITs, if you choose wisely, says Gilman Hill’s Jenny Harrington
▼ + stars: | 2022-12-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Real estate investment trusts are having a bad year. Blackstone recently had to limit withdrawals from its retail real estate fund , BREIT, for November and December. "I don't think that you are doing yourself a service to make the broad-based statement, 'commercial real estate is bad.'" The time to get out of REITs, I would say, is when interest rates are going up," he said on "Halftime Report." The key to investing is to sort through the sector and choose wisely, Harrington added.

The largest property owner on the Las Vegas Strip is doubling down and taking full ownership of the MGM Grand Las Vegas and Mandalay Bay, which the deal values at $5.5 billion. VICI currently owns a 50.1% stake in the property, which it acquired when it bought MGM Growth properties in May. Strip casinos are seeing a 20% surge in revenue through October to $6.8 billion in gaming revenue from a year ago. "It's further evidence that Las Vegas remains amongst the most in-demand destinations in the world," said Rosemary Vassiliadis, Clark County's director of aviation. And hotel revenue in Las Vegas was up 51% in October compared with October 2019, before the pandemic, according to the Las Vegas Convention and Visitors Authority.

☆ Blackstone to sell stake in MGM Grand, Mandalay Bay to VICI Properties
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +2 min

Dec 1 (Reuters) - Blackstone Inc (BX.N) will sell its 49.9% stake in the joint venture that owns the MGM Grand Las Vegas and Mandalay Bay resorts to co-owner VICI Properties Inc (VICI.N) for about $1.27 billion in cash, the companies said on Thursday. The deal includes the assumption of Blackstone Real Estate Investment Trust's (BREIT) existing property-level debt that has a principal balance of $3 billion. The company had been ramping up investments in the real estate sector until earlier this year. In July, the company drew commitments worth $24.1 billion for its latest real estate fund. VICI Properties, which owns properties such as the Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, expects the deal to be immediately add to adjusted funds from operations (AFFO) per share upon closing.

☆ The SEC is suing real-estate mogul Kent Swig's shady crypto partner for perpetuating a 'pump-and-dump' scheme with a different gold-backed crypto currency
▼ + stars: | 2022-12-01 | by ( Alex Nicoll | Daniel Geiger | ) www.businessinsider.com time to read: +8 min

Now the SEC is suing the CEO of Swig's company for an earlier, separate gold-backed crypto scam. According to the SEC, Braverman was said to be the chief operating officer of one of two companies the regulator targeted in the complaint. When Swig's company announced Digau, cryptocurrencies were on a sugar high, with bitcoin trading above $60,000. Neither Swig nor Dignity Gold would reveal to Business Insider any of the specific site locations where the company plans to mine. To extract the gold, Swig partnered with a mining company called Apache Mill Tailings.

☆ This 31-year old investor nearly quadrupled his multifamily housing empire from California to Texas in just 3 years
▼ + stars: | 2022-11-30 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +4 min

Sean Kia is one of Insider's Rising Stars of Real Estate for 2022. He applies the Ford production model to real estate. Just three years ago, Tides owned $2 billion in the apartment properties. He's been checking those boxes since he got a start in Phoenix, which became home to some of the company's bread-and-butter investments. The typical renter had been paying only 20% of their income on rent, which represented "really good affordability," Kia said.

☆ Airbnb launches platform allowing renters to host apartments, partnering with major landlords
▼ + stars: | 2022-11-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Airbnb is partnering with several major landlords and management companies to list designated apartment buildings where renters are allowed to offer short-term sublets on the site. To start, Airbnb is showcasing 175 apartment buildings in more than 25 major markets, including Los Angeles, San Francisco, Atlanta, Dallas, Houston, Denver, Seattle and Phoenix. The platform will help tenants host their rentals, and help the buildings attract tenants who may want to host. Apartment buildings can also charge the primary tenant a fee of up to 20% of the price of each Airbnb use. "We are collaborating with Airbnb on this innovative approach to participate in the 21st century sharing economy in a thoughtful way."

☆ Real estate investing 'created this life of freedom': Michigan couple brings in $11,000 a month for only 2 hours of work
▼ + stars: | 2022-11-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

Those real estate ventures aren't their only income streams. But the real estate business is particularly important to them, both financially and symbolically, they say. Of their multiple income streams, the real estate investments give them the most bang for their buck. High costs, high rewardsAfter realizing they had a knack for flipping housing, the couple started venturing into real estate during the winters, when Michigan weddings were sparse. Jamie and Sarah spend an additional 40% of those earnings on services like trash collection, ground maintenance and pest control.

SINGAPORE, Nov 28 (Reuters) - Link Real Estate Investment Trust (0823.HK), Asia's biggest REIT, has emerged as the frontrunner to buy a portfolio of assets from Singapore shopping mall owner NTUC Enterprise Co-operative Ltd, multiple sources told Reuters on Monday. If Link REIT does buy, the assets will be its first in Singapore. Mercatus and Hong Kong-listed Link REIT declined to comment on the matter. Nearly three-quarters of its portfolio value is in Hong Kong. Link REIT has been on the prowl for assets in Singapore and other countries to diversify its portfolio.

Nov 24 (Reuters) - Manulife Financial Corp (MFC.TO) will outsource its property operations in Canada to focus on its entrepreneurial investment management unit, Canada's biggest life insurer said Thursday. The change to a new structure will result in Manulife Investment Management, which overseas the real estate portfolio, shedding 50 jobs, two sources familiar with the matter told Reuters on Thursday. Among other financial services companies, Canada's biggest lender, Royal Bank of Canada (RY.TO) and Bank of Montreal (BMO.TO) have recently cut jobs in the United States. Manulife Investment Management's real estate arm uses a pool of capital to invest in real estate in 29 cities across the United States, Asia and Canada. According to its annual report, the insurer had about C$13.2 billion ($9.90 billion) worth of real estate investments in 2021.

☆ 'Easy to bully': A corporate landlord in Cincinnati is aggressive in trying to evict tenants, critics say
▼ + stars: | 2022-11-22 | by ( Gretchen Morgenson | Gretchen Morgenson Is The Senior Financial Reporter For The Nbc News Investigative Unit. A Former Stockbroker | She Won The Pulitzer Prize In For Her | ) www.nbcnews.com time to read: +13 min

“We had the exact same story and the exact same company — VineBrook Homes,” Allen told NBC News. VineBrook Homes Trust Inc., which owns over 3,000 single-family homes in the Cincinnati area, is one of the most aggressive landlords in bringing eviction proceedings against its residents, they say. A big institutional owner of over 24,000 single-family homes in mostly lower-income areas, VineBrook Homes is a real estate investment trust (REIT) with properties in 18 states, including Alabama, Indiana, Missouri and Mississippi. “I left in Dec. 2021,” Jenkins told NBC News. Vinebrook Homes owns over 3,000 single-family homes in the Cincinnati area, including many in suburbs like North College Hill.

☆ China Oct new home prices fall at fastest annual pace in 7 years
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +2 min

On an annual basis, new home prices slumped 1.6%, the fastest pace since August 2015, worsening from the 1.5% year-on-year fall in September and marking the sixth month of contraction. New home prices declined 0.3% month-on-month, easing 0.2% in September, according to Reuters calculations based on National Bureau of Statistics (NBS) data. The property sector has struggled with defaults and stalled projects since authorities started to clamp down on excessive leverage in mid-2020, hitting market confidence and weighing on economic activity. Data on Tuesday also pointed to further weakness in the cash-strapped sector, showing real estate investment fell at its fastest pace in 32 months in October. A notice to financial institutions from the People's Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission (CBIRC) outlined 16 steps to support the industry, including loan repayment extensions, sources said on Sunday.

☆ Focus real estate investments on what's competitive in a post-Covid world, says RXR's Scott Rechler
▼ + stars: | 2022-11-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFocus real estate investments on what's competitive in a post-Covid world, says RXR's Scott RechlerScott Rechler, CEO and chairman of RXR Realty, joins 'Squawk on the Street' to discuss real estate demands for businesses returning to in-person work, the impact of layoffs and office demand, and the growth potential for real estate developments.

☆ Emirates REIT proposes new sukuk refinancing, ad hoc group gives nod
▼ + stars: | 2022-11-14 | by ( Yousef Saba | ) www.reuters.com time to read: +2 min

Fitch had downgraded Emirates REIT by several notches after it made the exchange offer. It is offering sukuk holders, for each $1,000 in face amount of their sukuk, $950 in face amount of new notes and $50 in cash. Emirates REIT needs 75% of its creditors to consent to the proposal to exchange the outstanding unsecured sukuk with secured ones. The group includes Arkkan Capital Management Limited, Rasmala Investment Bank Limited, GFH Financial Group, Sancta Capital, SC Lowy Primary Investments, Plenisfer Investments, Emirates NBD Asset Management, Shuaa Capital and Saray Capital. The group said it had been in talks with Emirates REIT for several months "to reach agreement on transaction terms that would provide satisfactory structural protections and economic returns for the holders of the new secured certificates".

While supply concerns have eased, the main dynamic behind the price retreat has been weakness in the residential construction sector in China, which takes about 70% of iron ore that is exported by sea. Given that construction accounts for more than a third of China's total steel demand, the ongoing weakness in residential property has been a cloud over iron ore's outlook. A recovery may be on the cards in November, with commodity analysts Kpler estimating that seaborne iron ore imports will be around 96.87 million tonnes. But the overall message from iron ore imports this year is that they will likely be slightly lower in 2022 than last year. While the market tends to focus on weakness in residential property construction, total construction has been holding up far better.

☆ These 3 'megatrends' will help investors get the income they need and profit from inflation, according to investing giant Franklin Templeton
▼ + stars: | 2022-11-10 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Private real estateThanh Bui, a portfolio manager at Franklin Templeton's private real estate investment unit Clarion Partners, said that it's becoming easier for retail investors to get access to high-quality private real estate. She says the space generally does well when inflation is high, and that private real estate is an effective portfolio diversifier not strongly correlated to stocks, bonds, or public real estate companies. Bui is especially positive on muti-family real estate because there is a huge supply shortage that won't be resolved any time soon. She's also bullish on industrial real estate, where rents are surging because of high demand from e-commerce companies and onshoring. "We view the dividend profile as a way to look at quality of a company.

☆ Conquer inflation and rake in income by following this investing playbook, says the mind behind a top-performing $4 billion fund
▼ + stars: | 2022-11-07 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

A peaceful early expansion environment with growth, low inflation, and falling rates starts to sour in the early overheating stage, when red-hot growth and low rates spark high inflation. How to invest in a low inflation economic cycleEarly expansion: Expansion, low inflation, falling ratesWhat works: Stocks broadly outperform, followed by income stocks and real estate investment trusts (REITs). How to invest in a high inflation economic cycleEarly expansion: Expansion, low inflation, falling ratesWhat works: Stocks broadly work best, followed by income stocks and REITs. Late overheating: Expansion, high inflation, rising ratesWhat works: Income stocks, commodities, and stocks tied to real assets outperform with growth, inflation, and rates high. Early stagflation: Contraction, high inflation, rising ratesWhat works: TIPS outperform as growth weakens and inflation stays high while income stocks do fine with inflation high.

☆ Evictions are piling up across the U.S. as Covid-era protections end and rents climb
▼ + stars: | 2022-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +10 min

Still, rents nationwide were up 9% in September, compared to a year earlier, and more than a dozen cities had double-digit rent increases, it said. In Phoenix, for example, rent increases have slowed in recent months, but in June were up 24% year over year, with a median asking rent of $2,261. In Maricopa County, which includes Phoenix, evictions are at their highest levels since at least 2016, with more than 45,000 filings this year. Zenovia Johnson is one of those Phoenix renters who’s been struggling to stay in her home because of rising rents. In Minneapolis, where rent increases have trended below the national average, evictions in September were 37% above their historical averages after shooting up in June, when the state lifted its eviction moratorium.

☆ The founder of a real-estate investing platform highlights the 3 most attractive cities in the southeast right now, explains what's so appealing about them, and offers predictions for the coming month
▼ + stars: | 2022-10-29 | by ( Morgan Chittum | Kathleen Elkins | Aj Latrace | ) www.businessinsider.com time to read: +6 min

Real estate investment platform Cadre identified the most valuable places for investing right now. Institutional money has made big waves in residential real estate over the last year, with each quarter seemingly setting a new record for the number of homes purchased by investors versus regular individuals. A year ago, some of the most popular places for investors included southern cities such as Atlanta, Charlotte, and Jacksonville. Raleigh, Charlotte, and NashvilleRaleigh, Charlotte, and Nashville are some of the top growing cities for industrial, commercial, and multi-family real estate, Williams says. These fundamentals are what make these three metros strong candidates for continued investment in various asset classes — particularly residential real estate — in the coming years, he suggests.

☆ A real estate investor who bought his first property at age 24 and now owns 11 rental units shares his top advice for new investors, including how to negotiate and where to buy: 'Look at the Sun Belt'
▼ + stars: | 2022-10-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

"Some of the greatest investors have focused on real estate, such as Sam Zell," he added, referring to the billionaire who has been called the "forefather of modern real estate investment trusts." It was a single-family home in Birmingham, Alabama that he purchased with a friend for $40,000. Focus on the Sun BeltChances are, you've heard the saying "location, location, location" from a real estate agent or investor. Interview multiple lendersUnless you're buying real estate with cash, you'll need to work with a mortgage lender. He took them to lunch and asked questions about how comfortable they are doing residential real estate and what markets they do most of their deals in.

☆ Trump company set for criminal trial in an off-books pay scheme
▼ + stars: | 2022-10-23 | by ( ) www.cnbc.com time to read: +6 min

If convicted, the Trump Organization could be fined more than $1 million — but that's not the only potential fallout. The Trump Organization has said it did nothing wrong and that it looks forward "to having our day in court." The former Trump Organization chief financial officer must also pay nearly $2 million in taxes, penalties and interest and complete five years of probation. When the Trump Organization and Weisselberg were indicted in 2021, prosecutors called the tax scheme "sweeping and audacious" and said it was "orchestrated by the most senior executives." "The purpose of the scheme was to compensate Weisselberg and other Trump Organization executives in a manner that was 'off the books,'" the indictment said.

☆ A real estate investor who is financially independent from his 25-unit portfolio that he built in 4 years shares his best advice to rookie investors and how to 'find good deals'
▼ + stars: | 2022-10-21 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Real estate investors agree that a key to succeeding is networking with the right people. Knowing very little about real estate investing at that point, Mark told her he'd think about it. He agreed, called up a real estate agent he knew in the area, and told her he wanted to invest in real estate. "The best way to network, no matter where you live, is to find a local real estate meet-up group." Anyone can use it to connect with real estate investors and find events to attend.

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