20 Fast Facts for the Big Picture April 21, 2017 | Transwestern Of the many tax changes under discussion, six measures pose material implications for commercial real estate. If passed, these options would: Reduce the top corporate tax rate from 35% to 20% Allow immediate, full deduction of capital investment expenditures Eliminate interest deductibility on…

NON-TRADED REITS RAISE LOWEST VOLUME OF CAPITAL IN 14 YEARS April 20, 2017 | by Orest Mandzy | Trepp.com The departure of AR Global Investments from the non-traded REIT world, coupled with uncertainty surrounding substantial pending regulations, has put a sizable damper on the ability of the non-traded REIT sector to raise capital. According to Summit Investment Research,…

Blackstone REIT Acquires Six Multifamily Properties and Industrial Portfolio April 21, 2017 | by James Sprow | Blue Vault On April 13, 2017, Blackstone Real Estate Income Trust, Inc. acquired fee simple interests in six high quality multifamily properties totaling 2,514 units. The portfolio was acquired from an affiliate of TA Realty, an unaffiliated third party,…

Inland Real Estate Income Trust Acquires N.H. Shopping Center April 21, 2017 | by James Sprow | Blue Vault    Inland Real Estate Income Trust, Inc.  announced on April 19, the acquisition of the 199,335 ­square-foot Pentucket Shopping Center in Plaistow, New Hampshire, located approximately one mile north of the Massachusetts state border and approximately 40 miles north of Boston. Mark Cosenza, senior vice…

Mega Project Makes History in Nashville April 20, 2017 | by Scott Baltic | Commercial Property Executive  OliverMcMillan and Spectrum | Emery have begun construction on Fifth + Broadway, a $430 million mixed-use development in the city’s downtown, which will include the new National Museum for African American Music. In the form of preparatory demolition, construction…

Updated: TA Realty Continues Cashing Out Real Estate Fund; Sells Multifamily Portfolio to Blackstone REIT for $430 Million April 19, 2017 | by Mark Heschmeyer | CoStar In its second large property disposition this spring, TA Realty LLC sold a six-property, 2,514-unit multifamily portfolio to Blackstone Real Estate Income Trust for $430 million. TA Realty sold…

Robotic Automation Impacting Real Estate Industry, Consultant Says April 18, 2017 | REIT.com Josh Herrenkohl, principal and global real estate advisory leader at EY, joined REIT.com for a video interview at REITWise 2017: NAREIT’s Law, Accounting & Finance Conference in La Quinta, California. Herrenkohl discussed technology trends that could impact the real estate industry. One…

More Renters Expect To Keep On Renting MCLEAN, VA—That’s one of the conclusions to be drawn from Freddie Mac’s latest survey of apartment tenants. The GSE also expects multifamily loan volume to grow as much as 6% this year. April 11, 2017 | by PAUL BUBNY | GlobeSt.com MCLEAN, VA—Trading a rental for the dream of homeownership?…

Interval Funds are Proving a Hit With Advisors April 10, 2017 | by Murray Coleman | Financial Advisor IQ Bond fund manager Pimco has launched an interval fund that’s proving to be a hit with institutional fixed income investors. Categorized by regulators as a cousin to closed-end funds, the new offering has registered to raise $1 billion.…