Stay up to date with free updatesSimply sign up to the myFT Digest of Real Estate and have it delivered straight to your inbox.European commercial property transactions fell to a 13-year low at the start of 2024 as hopes of interest rate cuts in the near future faded and the property market remained sluggish for a long time. MSCI data released on Thursday showed first-quarter transaction volume was 34.5 billion euros, down 26 percent from an already sluggish period last year and the seventh consecutive quarter of declines, with office building transactions marking the smallest quarter on record. The commercial…
Author: Private Lending Agent
Key Takeaways No-doc mortgages offer a way to get a mortgage without some of the documentation lenders traditionally require to prove income or employment, such as a W-2 or pay stub. Since the Great Recession, no-doc mortgages have become much harder to obtain. No-doc loans often require a higher credit score and a larger down payment than traditional mortgages. Applying for a mortgage requires a mountain of paperwork, including bank and tax returns, pay stubs, and employment verification. But if your income is irregular or you lack the standard documentation that a typical full-time employee has, you might not be…
We've been hearing about the benefits of fractional real estate ownership for nearly a decade now. The idea of fractional ownership carried the promise of democratizing access to a traditionally limited investment class by allowing small investors to pool their capital. The model aimed to open up the lucrative real estate market to private investors, offering them a way to diversify their portfolios and enter a potentially high-return asset class. Despite its potential, the journey of fractional ownership has been fraught with many challenges and some notable failures.One of the most well-known failures in the space is PeerStreet, a real…
Acore Capital has raised $1.4 billion (€1.31 billion) for its latest US real estate debt fund. The company said Acore Credit Partners II will be oversubscribed and will focus on generating and managing “transition debt investments.” Investors include U.S. pension funds, sovereign wealth funds, endowments and foundations, insurance companies and family offices. IPE Real Assets reported this week that the Virginia State Retirement System has approved a $250 million contribution to the fund. “We are incredibly grateful for the strong support we've received from some of the world's largest international and domestic institutions that have invested in our company to…
April 23, 2024: Inflation may be trending lower, but nearly four months into 2024, Australia's economy is in the doldrums. While population growth is driving the economy, geopolitical turmoil and sluggish housing construction are complicating the picture for data-dependent central banks, slowing the turnaround to growth. Launching the March 2024 edition of its flagship Business Outlook report, Stephen Smith, partner at Deloitte Access Economics and lead author of the report, said: “It’s been six months since the RBA last raised interest rates and inflation has been falling slowly and steadily, but official data shows that the labour market is yet…
This is not a typical cycle, a point was agreed at the Commercial Observer real estate investment forum for lenders and borrowers held April 18 at Santander Tower in downtown Dallas.Katie Carmical, partner at Hunton Andrews Kurth, moderated a panel discussion on the changing investor landscape in the U.S. and spoke about what it means to work in today's market. Tony Fineman, senior managing director and head of origination at Acore Capital, said there is far more capital ready to be deployed than there are deals seeking funding.See also: Ultra-high net worth individuals and family offices are transforming real estate…
NEW YORK, April 23, 2024–(BUSINESS WIRE)–KKR Real Estate Finance Trust (KREF) (NYSE: KREF) today announced its financial results for the first quarter of 2024. The results were posted on the Investor Relations section of KREF's website at http://www.kkrreit.com/investor-relations/events-and-presentations.A conference call to discuss KREF's financial performance will be held at 10:00 a.m. ET on Wednesday, April 24, 2024. The conference call can be accessed by dialing (844) 784-1730 (within the U.S.) or +1 (412) 380-7410 (outside the U.S.). No passcode will be required. The conference call will also be broadcast live on the Internet and can be accessed at http://www.kkrreit.com/investor-relations/events-and-presentations.A replay…
KKR Real Estate Finance (KREF) reported quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.37 per share and comparing to earnings of $0.48 per share a year ago. These figures are adjusted to account for non-recurring items.This quarterly report represents an earnings surprise of 5.41%. A quarter ago, it was expected that this real estate finance company would post earnings of $0.45 per share when it actually posted earnings of $0.47, delivering a surprise of 4.44%.Over the last four quarters, the company has surpassed consensus EPS estimates four times.KKR Real Estate, which belongs to the Zacks…
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Starting a small business is a dream for many Americans, with more entrepreneurs taking the leap to start their businesses in recent years than ever before. A record-breaking 5.5 million small business applications were filed in 2023—the third consecutive year of historic growth for small businesses. Nearly 1.8 million of these businesses are highly likely to hire employees, another all-time high for the U.S. However, small business owners face significant risks that can impact their livelihoods every day, including…
The commercial real estate (CRE) industry continues to transform, embracing new ways to leverage electronic payment options. Digitization of the leasing process, increased fluidity, and advances in automation are improving resident experiences. Partner Insights interviewed Lisa McDonnell, who brings her deep knowledge of financial management techniques to her role at JPMorgan Chase. McDonnell currently serves as Senior Financial Manager for the Real Estate Banking Financial Services team, where she is focused on providing expert financial management guidance to some of the largest real estate companies in the industry. See also: Green Street Appoints Two Growth-Focused Executives in Southern California Senior…