Once a niche play, DSTs have drawn the interest of institutional-grade sponsors to offer as an option to retail investors managing their real estate plays.
Institutional investors favor multifamily and industrial, but they are investing across the spectrum of risk profiles and showing an interest in non-gateway markets and alternative property sectors.
The city of Chicago owns some 10,000 vacant lots, with a large concentration in economically-challenged neighborhoods that have experienced decades of underinvestment. Selling them could help reduce overall crime. It could also boost affordable housing development.
The sales at Albertsons, which is being purchased by Kroger, have gone up by 8.5 percent in its most recent reporting quarter, according to The Wall Street Journal. The Treasury Department is asking insurers for data on climate risks for properties across the country, reports The New York Times. These are among today’s must reads from around the commercial real estate industry.
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