Private equity real estate funds have been enjoying robust fundraising in recent years that has resulted in record high levels of assets under management. Yet fund managers are bracing for more challenges ahead that could cause them to lower target yields.
Many younger millennials continue to opt for renting vs. owning, but they aren’t filling as many apartment units as investors and economists had hoped.
Home-price gains in 20 U.S. cities decelerated in March for a 12th straight month, suggesting sellers have yet to fully adjust to buyers’ demands for affordable properties.
Mortgage REITs increased their mortgage bond portfolios by almost 28 percent over the past year, according to the Wall Street Journal. Amazon is looking at office space on Manhattan’s West Side, reports the New York Post. These are among today’s must reads from around the commercial real estate industry.
