Monday, October 14, 2013

Capital Markets: Chinese Investors Backing Latest Bulk Single-Family Rental Purchases


National Commercial Real Estate News From CoStar Group

Capital Markets: Chinese Investors Backing Latest Bulk Single-Family Rental Purchases

Reven Housing REIT Inc. agreed to purchase a portfolio of 170 single-family homes in the Houston metropolitan area from Red Door Housing LLC and WFI Funding Inc.
The total contract purchase price is $13.4 million and the properties collectively encompass 242,964 rental square feet, of which 129 of the properties are subject to one-year leases with tenants, 33 properties are subject to month-to-month leases with tenants, and the remaining eight...


Closures & Downsizings: Safeway Selling Chicago To Pay for Canadian Move

Safeway has decided to exit the Chicago market. As part of the plan, the national grocery chain has already sold four of its Dominick's stores in the greater Chicago area to New Albertsons Inc., which operates Jewel-Osco grocery stores in the region.
Safeway has approximately 68 other stores in that market, all of which are also being put up for sale.
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“Shortly after I assumed my role as CEO, we...


Comparing Global CRE Pricing: Why the Grass Isn’t Always Greener

By: Fred Wu, Ph.D.
It is sometimes said that the grass is always greener on the other side of the fence. However, for U.S. investors in commercial real estate, the best opportunities may be right here at home, rather than in the fast-growing Asia Pacific region or the troubled Eurozone.
This, at least, seems to be the case for real estate traded in the public stock markets.(1)
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Exhibit 1 compares...


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