In a new report, CBRE is predicting that pricing for senior housing transactions will accelerate in the second half of the year, with Class A+ properties reaching $800,000 or more per unit. The asset class is outperforming most other commercial real estate categories, except for industrial.
Assessing Commercial Real Estate Investments Deepen your understanding of commercial real estate in this Wharton Executive Education program, and explore the pros and cons of various ways to invest, from direct investing, to private equity and real estate debt.
Blackstone Group and its Indian partner Embassy Group have set a tentative annual yield of 6.5% to 7% for the initial public offering of India's first REIT, according to sources. Factoring in asset value appreciation and rental increases, the companies are considering marketing the IPO as having a total return of 14% to 16%, the sources said.
Entities including government agencies, global institutions, banks and municipalities have issued more than $9 billion in debt tied to the Secured Overnight Financing Rate during the past two months, indicating increased adoption since the Libor alternative launched nearly six months ago. However, market participants say SOFR has progress to make, and concerns have been raised about volatility.
Regulatory changes have led to falling liquidity in US and European bond markets and have forced institutional investors to move into fixed-income exchange-traded funds, research from Greenwich Associates shows.
Nationwide, tech companies' direct office leasing comes to 20% of all activity -- close to double the 11% of five years ago, according to CBRE Group. The sector's market share will increase, "but we just don't know by how much," Colin Yasukochi, director of research and analysis at CBRE, says.
Sears Holdings CEO Edward Lampert is asking creditors to restructure about $1.1 billion of debt that will be due next year and in 2020 as part of his efforts to stave off bankruptcy. The restructuring proposal, which has to be approved by the board and the retailer's creditors, also calls for the sale of another $1.5 billion of real estate and the divestiture of $1.75 billion of assets.
Reven Housing REIT launched in 2012 with a focus on an asset class that was just beginning to emerge -- single-family rental housing -- but with a twist: It sought out small portfolios of modest rental homes in major markets that could deliver cash flow. Today the company owns more than 800 homes in the Southeast.