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February 28, 2013
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  • Jack Lew confirmed by Senate to be Treasury secretary
    The Senate voted 71-26 to confirm President Barack Obama's appointment of Jack Lew to be the next secretary of the U.S. Treasury, replacing Timothy F. Geithner. Lew is a former director of the Office of Management and Budget and more recently served as Obama's chief of staff. In recent weeks, Republicans questioned Lew closely about his work at Citigroup. The Washington Post (2/27) LinkedInFacebookTwitterEmail this Story
Auction.com to auction $110 MM in Commercial Properties
Auction.com, the Nation's Leading Online Real Estate Marketplace, are pleased to auction 105 commercial properties nationwide. Auction.com, LLC. 1 Mauchly, Irvine, CA 92618, (800) 499-6199. Visit our site for licensing information and to see more info about our auctions.
  Capital Markets 
  Investment News 
  • American Homes 4 Rent eyes IPO
    American Homes 4 Rent plans to launch an initial public offering and will submit a registration statement to the Securities and Exchange Commission within 60 days. With 10,000 properties, it is the second-largest owner of single-family rentals, following Blackstone Group LP. Bloomberg (2/27) LinkedInFacebookTwitterEmail this Story
  Real Estate Marketplace 
  • Campus Crest buys Copper Beech for $262M
    Campus Crest Communities is acquiring a 48% stake in student housing operator Copper Beech Townhome Communities for $262 million. The deal includes the option to acquire the rest of the company by mid-2016. The REIT will issue 22.2 million shares to raise up to $312 million to help fund the acquisition. Bloomberg Businessweek/Associated Press (2/27) LinkedInFacebookTwitterEmail this Story
  • The appeal of student housing
    Real estate companies and private equity investors increasingly are investing in student housing. Brandywine Realty Trust and Campus Crest Communities are partnering in this space. Trends call for more private student housing on college campuses as colleges choose to outsource housing development rather than undertake it themselves. The Wall Street Journal (2/26) LinkedInFacebookTwitterEmail this Story
  NAREIT News 
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  SmartQuote 
He that will not apply new remedies must expect new evils; for time is the greatest innovator."
--Francis Bacon,
British author and statesman


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