As the U.S. faces an acute affordable housing crisis, it’s gaining in popularity among commercial real estate investors of all types. Some firms, however, have been playing in the sector longer than others and have had the time to learn some of the nuances of raising money for and investing in affordable housing.
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“You can’t have the excuse anymore of saying, ‘Well I can’t find any Black and brown talent,’” said advisor Rianka Dorsainvil, speaking at the Morningstar Investment Conference this week.
Blackstone announced the sale of the Cosmopolitan casino and hotel in Las Vegas for $5.65 billion. The Real Estate Roundtable and 22 other real estate organizations sent a letter to the Senate and Treasury Secretary Janet Yellen expressing concerns on potential tax changes. These are among today’s must reads from around the commercial real estate industry.
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