Today's Real Estate Investing Pulse
Housing Prices Slip 2.4% as Buyers Return, Pending Sales Rise 4.3%
Median list prices dropped 2.4% year‑over‑year to $429,500, the steepest decline since 2017. Pending sales climbed 4.3% YoY, extending a six‑month growth streak. New listings rose sharply in the Northeast (+8.6%) and Midwest (+4.7%) while remaining flat in the South.
Also developing:
Kennedy‑Wilson Acquires Toll Brothers’ $2.2 B Apartment Platform to Speed Multifamily Build‑out
Kennedy‑Wilson Holdings bought Toll Brothers’ Apartment Living platform, taking $2.2 billion of assets and a $3.6 billion development pipeline, while hiring 85 of Toll’s in‑house developers. The deal positions the developer to accelerate unit delivery and lower costs, according to new president John McCullough.
GLP J‑REIT Posts 1% Earnings Decline in H1 2026 Amid Logistics Market Strain
GLP J‑REIT announced that net income fell to ¥14.896 bn ($96 m) in the first half of 2026, a slight dip from ¥15.045 bn a year earlier, as revenue slipped to ¥28.821 bn ($186 m). The Japanese REIT warned that H2 earnings are expected to...
Senate Advances Bill to Ban Mega‑Investors From Buying Single‑Family Homes
The U.S. Senate voted 89‑10 to advance a housing bill that would bar institutional investors owning 350 or more single‑family homes from purchasing additional properties. Backed by Sen. Tim Scott and Sen. Elizabeth Warren, the measure aims to boost homebuilding...
Dwelling Platform Dwelly Acquires Eden Harper, Adding 250 London Units
Dwelly, the UK‑based property‑management platform, announced the acquisition of Eden Harper, a south‑west London lettings agency, adding roughly 250 fully managed units to its portfolio. The deal follows Dwelly’s recent £69 million ($87.6 million) funding round and marks the firm’s first entry...
Choose Deal‑by‑deal for Low‑cost, Flexible REPE Startup
You want to start your own real estate private equity firm but you don’t know how much it’ll cost Here’s how to think about start-up costs: There are basically 2 ways to set up a real estate private equity firm 1. First way...
Edmond De Rothschild Looks to Sell £71m Resi Rental Portfolio
Edmond de Rothschild Real Estate Investment Management is marketing a portfolio of 405 rental homes across Glasgow, Nottingham, Newcastle and Leicester for more than £71 million (about $90 million). The four buildings, known as the Coyote Portfolio, comprise 235,973 sq ft and were constructed...
China’s Data Centers Are Plugging Into REIT-Style Financing Wave
China’s data‑center operators are turning to a nascent asset‑backed security format, raising over $1 billion from yield‑seeking investors. The holding‑type real‑asset‑backed securities, introduced less than three years ago, have accelerated rapidly, with nearly 70% of total issuance occurring in the past...
Development Site Sale Sets Carroll Gardens Pricing Record
Marcus & Millichap closed the sale of 101‑103 Luquer St. in Brooklyn’s Carroll Gardens for $5.25 million, translating to $503 per buildable square foot—a record price for the neighborhood. The 5,217‑square‑foot lot provides roughly 10,434 buildable square feet, suitable for condos, townhouses or rentals,...
Jumbo Loans Are Creeping Into Non-QM, HELOC Securities
Bank of America Securities reports that loans of $1 million or more are increasingly showing up in private‑label residential mortgage‑backed securities, even outside the traditional jumbo market. The average balance for second‑lien and HELOC securitizations rose from $88,000 to $95,000, while...
The Senate Housing Bill Still Isn't Law, But It Has Already Paralyzed The Build-To-Rent Market
The Senate’s 21st Century Road to Housing Act, passed on March 12, includes a seven‑year forced‑sale rule for large build‑to‑rent (BTR) developers. The provision has triggered an immediate freeze in BTR financing and sales, with major lenders such as Fannie Mae...
Sirius Real Estate Projects FY26 Results in Line with Market Outlook
Sirius Real Estate Ltd said it will deliver full‑year FY26 results that meet market expectations, citing an 18.4% year‑on‑year rent‑roll increase and a 6.4% like‑for‑like growth. Strong leasing activity in Germany and steady demand in the UK underpin the outlook.
R2 Capital Buys Calgary's Wood Centre for $36 M, Securing Prime Class A Office Space
R2 Capital Partners announced the acquisition of Wood Centre, a 221,290‑square‑foot Class A office building in Calgary, for roughly $36 million at $163 per square foot. The deal, a 50% discount to the 2017 price, underscores continued confidence in high‑quality Canadian office...
Gen Z, Millennial Homeowners Struggle with Mortgage Payments
A 2026 ServiceLink State of Homebuying Report shows nearly half of Gen Z homeowners and 44% of millennials risk missing a mortgage payment, with 14‑15% facing repeated missed payments. LendingTree data reveals Gen Z borrowers allocate 24.5% of monthly income to mortgage...
JPIN Corp Unveils Free AI‑Powered Web App to Value Real Estate in Real Time
JPIN Corporation has launched the AIsatei App, a free AI‑driven web platform that delivers real‑time property valuations in Japan. By cutting appraisal costs to roughly one‑third of industry rates, the tool promises to democratize real‑estate assessment for buyers, sellers and...
Canadian Building Permits Plunge, Fewer Homes Planned
Canadian building permits fell sharply in February, with total seasonally adjusted permit values dropping 8.4% to C$12.1 billion (≈US$8.8 billion). Residential permits edged up 1.7% to C$8.1 billion (≈US$5.9 billion) but unit authorizations slipped 0.8% to 24,889, meaning fewer homes. Non‑residential permits plunged 24%...
Lowest Mortgage Rates in 4 Weeks
Mortgage rates posted their strongest day this month as the average 30‑year fixed rate slipped 0.08 % to a four‑week low. The decline outpaced the bond market’s gradual improvement because lenders only adjusted rates today, incorporating yesterday’s bond gains. The movement...
Manhattan Sees Strongest Quarter of Property Sales Since 2021: Report
Manhattan recorded its strongest quarter of property sales since 2021, with total deal volume rising 33% quarter‑over‑quarter to $3.7 billion across 92 transactions in Q1 2026. Multifamily led the surge, accounting for 44% of the market and generating $1.07 billion, while office...
U.S. Office Leasing Sees Strongest Quarter Since 2018
Office leasing activity surged in Q1 2026, with tenants signing roughly 120 million square feet of space—a 25% year‑over‑year increase and the strongest quarterly total since 2018. The rebound is driven primarily by a higher volume of smaller, shorter‑term leases rather...
Phoenix Hotel Developers Building To Make Up For Lost Time
Phoenix’s hotel market is entering a rapid expansion phase, with developers slated to open 3,650 rooms across 22 new properties in 2026—an increase of 117% from the prior year and second only to New York in volume. The surge is driven...
The Austin Experience: More Housing, Lower Rents
Austin added roughly 120,000 housing units between 2015 and 2024, expanding its stock by 30% and outpacing the national growth rate. The city’s zoning changes, faster permitting and a $250 million affordable‑housing bond spurred large‑apartment construction near jobs and transit. As...
Spring 2026 First-Time Home Buyer Advice
The spring 2026 housing market presents a rare "Goldilocks" window where rising inventory—up roughly 20%—and modest price discounts of about 2% give first‑time buyers a competitive edge. Mortgage rates have eased from recent peaks, and lenders are rolling out expanded...
Home Addition vs Moving: Raleigh Investment Guide 2026
Raleigh’s housing market in 2026 is marked by soaring prices, limited inventory and homeowners clinging to low‑rate mortgages. Faced with high moving costs and fierce competition, many are turning to home‑addition contractors to expand their existing homes. Additions offer predictable...
Morningstar DBRS Assigns Credit Rating to the Mortgage Loan Made to BGN Properties Palm Gate, LP
Morningstar DBRS assigned an A (high) rating with a Stable trend to a $14 million, 2.860% interest‑only mortgage loan due 2032 for BGN Properties Palm Gate, LP. The loan is secured by the Palm Gate Apartments, a 264‑unit multifamily complex in...
Canada’s Mall Redevelopment Boom Hits a Wall
Canada’s mall‑redevelopment boom is stalling as a weak condo market, rising construction costs and tighter credit curb mixed‑use projects. High‑profile plans such as Cloverdale Mall’s 4,000‑unit tower have been cancelled after pre‑sales fell below the 70 % threshold. Lenders are pulling...
New-Home Purchase Applications Hit Record High in March
New‑home purchase applications surged 11% year‑over‑year in March, the strongest pace since the MBA’s 2012 inception. Volume jumped 26% from February, pushing the builders index to a record high and lifting annualized sales estimates to 717,000 units. Despite higher mortgage...
HighBrook Recapitalizes Dutch Last-Mile Logistics Portfolio with StepStone
HighBrook Capital Partners has recapitalized a Dutch last‑mile logistics portfolio owned by CityLink. The transaction brings fresh equity alongside StepStone Group, which joins as a co‑investor. The new capital will be used to accelerate CityLink’s expansion across core European urban...
Trinity and UBS Secure $600M Refi for Diplomat Resort in South Florida
Trinity Investments and UBS have refinanced the 1,000‑room Diplomat Beach Resort in Hollywood, Florida with a $600 million loan led by J.P. Morgan Chase ($420 million) and Citi ($180 million). The new mortgage pushes total debt to $600 million, up $148 million from the prior...
Underwriting Simplified: Three Core Questions for Deal Success
A lot of people try to complicate the real estate underwriting process, but it’s actually pretty simple once you understand the basics Here are the central questions you need to answer during your underwriting: Question 1: “Can I capitalize the deal?” Question 2:...
Housing Yields Sweet Spot: ≤6.25% Thanks to Spreads
The sweet spot for housing over the past few years has been 6.25% and under, with duration. The only reason we have a shot here again is due to the spreads this year
CenTria Living Breaks Ground on 36‑Unit Boutique Apartment Complex in Midtown Phoenix
CenTria Living has begun building the 36‑unit CenTria Biltmore apartment complex at 4235 N. 24th Street, targeting renters priced out of Phoenix’s market with rents just over $1,500. The project, slated for completion in February 2027, reflects a growing push for mid‑scale...
SF Buyers Pay Premium for Move‑in Ready Homes
The other factor here is that it is already remodeled. Buyers are afraid of the time and cost to remodel in SF so they’re paying big premiums for completed work.
Institutional Investors Expand US Housing Supply via Distressed Home Rehab
New @AEI case study finds that institutional investors boost US housing supply by buying single family homes in poor condition (thus likely underused/vacant), quickly rehabilitating them, and returning them to the market for sale to individual homeowners: https://t.co/oRNyDFJcil https://t.co/DswoYpfXZ7
Goldman Sachs Ups Private Credit Bet, Highlighting Real‑Estate Financing
Goldman Sachs announced a reinforced focus on private credit, underscoring its $15.7 bn non‑traded vehicle and a $561 bn deposit base, to sustain real‑estate lending. CEO David Solomon said the firm “feels good about the long‑term opportunity of private credit,” even as...
Deep Dive Into U.S. Single‑Family Housing Market Trends
Last week, @WellsFargo had me give a presentation on the U.S. single-family housing market and homebuilding for their institutional clients If you'd like to see the 34-chart slideshow, email lance@resiclubanalytics.com https://t.co/Lmcesf5ymB
Prime Midtown Fetches $700+/Sqft in $385M Deal
$700+/foot for prime #Midtown. #SovereignPartners+#HudsonPoint may pay $385M for #575Fifth, at 5th+47th. #NYC #realestate #CRE #investmentsales #mortgage #Eastdil #Savills #Sakhai https://t.co/rwtwZ6wI0E
RACE, Lynd Labs and RealAssets Team Up to Build Institutional Rails for Tokenized Real‑World Assets
RACE, Lynd Labs and RealAssets Technologies have launched a strategic collaboration to develop an open, institutional‑grade infrastructure for tokenizing and financing real‑world assets. The partnership combines RACE’s programmable blockchain stack with Lynd’s 17,000‑unit portfolio and RealAssets’ five‑year fintech expertise, aiming...
CRE ETF Mirrors Market: Higher Highs, Lower Lows
$IYR Daily. Commercial real estate ETF may be a microcosm for broad market: Massive broadening pattern of higher highs but lower lows. Loose & sloppy since last summer. Tons of debt, empty buildings https://t.co/isus0WM0lO
Case‑Shiller Reveals National Housing Price Crash.
If you show the Case-Shiller index instead of a median sales price index, prices have been crashing nationally "The drugs you're on," Wow https://t.co/98Oo6wuBbW
Residential MBS Issuance Declines Slightly in First Quarter
Residential mortgage-backed securities (MBS) issuance slipped modestly in the first quarter, suggesting a slight cooling in mortgage financing after a year of robust growth. A planned “major housing announcement” by FHFA and HUD was postponed, leaving market participants awaiting guidance...
Lender Selling $140M Downtown D.C. Office Loan With 'Path To Ownership'
JLL is marketing the sale of a $140 million loan secured by the 306,000‑square‑foot office building at 700 Sixth Street NW in downtown Washington, D.C. The loan, originated in May 2019 by Principal Real Estate Investors, carries a 3.7% fixed rate and...
Santa Monica Rents Fall 8% After Three-Year Decline
Santa Monica rents have gone down for 3 years in a row, down 8.1% in the last year LA rents also down Remember: Rents go up and down https://t.co/ohWuaQQoYT
Tax Day Slowdown?
The article debunks the myth of a nationwide "Tax Day slowdown" in residential real estate, noting that any dip in activity around mid‑April is short‑lived and inconsistent. Market momentum is driven more by life logistics—school schedules, weather, daylight—and macro factors...
Austin's Housing Boom Cuts Rents Amid Population Growth
"Austin’s Surge of New Housing Construction Drove Down Rents" (even as its population grew) https://t.co/Mi7GYtLlbz https://t.co/HAdE5iQaBO
March Existing Home Sales Demonstrate a New Equilibrium in the Housing Market
Existing home sales slipped 3.6% in March to an annualized 3.98 million, staying within the three‑year range of 3.85‑4.35 million units. Prices rose only 1.4% year‑over‑year, mirroring flat trends in the FHFA and Case‑Shiller indexes. Inventory crept up 3% YoY but remains...
Single-Family Permits Decline Sharply to Start 2026
Residential construction entered 2026 with a stark split between housing segments. Single‑family permits dropped 15.2% year‑over‑year to 62,034 units, reflecting higher borrowing costs and tightening affordability. Multifamily permits held steady, slipping only 0.5% to 38,215 units, showing resilience amid regional...
Adams Street Secures $7.5 B for Private Credit Platform, Boosting Real‑Estate Debt Funding
Adams Street Partners closed a $7.5 billion fundraising round for its third private‑credit platform, the biggest private‑credit raise of 2026. The capital, 40% of which came from non‑U.S. investors, expands the firm’s ability to provide senior financing to middle‑market sponsors, a...
Pair of Townhouses Leads Brooklyn’s Luxury Contracts
Brooklyn’s luxury market saw 20 contracts worth $71 million last week, down from 26 deals totaling $79 million the prior week. The median asking price was $2.7 million and the average price per square foot $1,434. The top deal was an $8.5 million townhouse...
Paul Hastings’ Partner on Increased Importance of Cross-Border Tax for REITs
Chris Mangin Jr., a tax partner at Paul Hastings, told Nareit’s REITwise 2026 conference that cross‑border tax considerations are becoming pivotal for REITs seeking overseas capital to fund infrastructure, AI and data‑center projects. Public‑market constraints are pushing REITs toward private equity,...
Housing Market Slowdown Began Before War-Driven Rate Hikes
House sales were slowing even before the war sent mortgage rates higher and gas prices soaring https://t.co/rfpqU6llQd
389. Why Smart Capital Is Still Betting on Office with Mike McDonald, JLL Capital Markets
Mike McDonald, senior managing director at JLL Capital Markets, discusses the evolution of office real estate over the past 25 years, emphasizing how institutional capital once made office the dominant CRE asset class before COVID disrupted the market. He explains...