Ares Commercial Real Estate: 14% Yield Might Be Sustainable (nyse:acre)
Ares Commercial Real Estate Corporation (NYSE:ACRE) suffered a big decline in its distributable earnings in the first quarter as the trust works through some non-accrual issues relating to its office and multi-family loan portfolio. The trust was forced to increase its provision for credit losses by more than $22 million in the first quarter which was widely expected after Ares Commercial Real Estate slashed its dividend pay-out by 24% in 1Q24. The stock, however, did not react much to these disclosures, indicating that ACRE may have already bottomed out.
How To Be The Most Informed Buyer When Buying Commercial Real Estate
When purchasing commercial real estate, you’ll want to gather as much information as you can about the market, the seller, and other aspects related to the sale.
Altus Group Terminates Proposed Acquisition Of Situs Group’s Commercial Real Estate Valuation Services Business
(marketscreener.com) Transaction unlikely to receive regulatory approval in a timely manner; Altus Group maintains focus on organic strategy to enhance consistency and transparency of valuations within the CRE industryTORONTO, May 17, 2024 -- Altus Group Limited , a leading provider of asset and fund intelligence for commercial real estate , announced today that...https://www.marketscreener.com/quote/stock/ALTUS-GROUP-LIMITED-1408957/news/Altus-Group-Terminates-Proposed-Acquisition-of-Situs-Group-s-Commercial-Real-Estate-Valuation-Servic-46763236/?utm_medium=RSS&utm_content=20240517.
Buy A California Town For $6.6M
It’s just one hour from San Diego. :
In California, a state where single family houses often run for millions of dollars, what amounts to basically an entire city has gone on the market with a price tag of just $6.6 million. Top Gun Commercial Real Estate has listed a 16-acre property in Campo, Calif., a town that’s about 2 miles from the Mexican border and an hour or so east of San Diego. Included in that listing are 28 buildings that make up the bulk of the town’s properties. Most were built in the 1940s.
Balanced Commercial Property Net Asset Value Falls
(marketscreener.com)
Balanced Commercial Property Trust Ltd - investor in UK commercial property - Net asset value per share declines 2.3% to 107.3 pence as at March 31 from 109.8p at December 31. "Whilst uncertainty on the outlook and timing for interest rate cuts has weighed on real estate capital markets, the pace of declines in valuations has moderated," the...https://www.marketscreener.com/quote/stock/BALANCED-COMMERCIAL-PROPE-64318629/news/Balanced-Commercial-Property-net-asset-value-falls-46762324/?utm_medium=RSS&utm_content=20240517.
Healthcare Property Advisors Launches Hpa Exchange Llc To Offer Healthcare Real Estate Investments To Individual Investors
Backed by executives with decades of healthcare investment experience, firm will initially focus on Section 1031 exchange offerings
ORANGE COUNTY, Calif., May 17, 2024 /PRNewswire/ -- Healthcare Property Advisors announced today the launch of HPA Exchange LLC, a new real estate investment sponsor that will provide accredited investors with private placement opportunities anchored by medical properties. The firm will initially focus on Section 1031 exchange offerings. HPA Exchange will target healthcare real estate within secondary growth markets that exhibit strong operating fundamentals, stable health system environments, and a growing aging population.
Self Storage Investment Firm Sells Illinois Assets Yielding 33.1% Irr
DENVER, May 17, 2024 /PRNewswire/ -- VanWest Partners (VanWest), a Denver-based commercial real estate investment firm specializing in self storage acquisitions and management, announces the sale of two assets from the firm's VanWest Storage Fund II portfolio. After a 30-month hold period, the properties generated investment returns of a 33.1% IRR and a 1.91X equity multiple. The sales closed in April. The sale of these two properties generated over $5,000,000 in proceeds for VanWest Storage Fund II
The two properties, located in ...Full story available on Benzinga.com.
Commercial Real Estate: Warehouses Drive Industrial Property Deals As Investor Appetite For Office Space Slides
Investor and developers recently pumped $1 billion-plus into the booming industrial property sector. :
We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Unrelenting demand for warehouses and data centres has encouraged investors and developers to pump $1 billion-plus into industrial property transactions over the past month. A lack of new warehouse supply, the AI-driven boom in data centres and buyers’ desire to pivot away from weak office towers into sheds are underpinning the deals.
Jeff Bezos Spent $237M On Florida Mansions — Billionaires Flock To 'upside Down' Tax Haven Where Rich Pay Less Than Poor
The Sunshine State has become a magnet for billionaires seeking tax relief. Among the latest to join the trend is Amazon founder Jeff Bezos, who has recently expanded his real estate holdings in Miami’s exclusive Billionaire Bunker area. Bezos’ acquisitions include three properties, bringing his total investment in the neighborhood to $237 million. Bezos’ purchases include a $90 million deal in 2024 and a $79 million mansion bought in October 2023. The mansion, which spans 19,000 square feet, sits adjacent to his first property in Indian Creek, acquired for $68 million.