TIAA-CREF and Jonathan Rose Cos. have launched a new $51.6 million fund to preserve and “green” affordable housing across the nation. The Rose Affordable Housing Preservation Fund LLC will acquire affordable and mixed-income multifamily housing in the Washington, D.C.-to-Boston corridor, Chicago, Denver, Los Angeles, San Francisco, Portland, Ore., and Seattle markets.
The recent news from Sears regarding more store closings, layoffs, leasing agreements with other retailers and capital raising efforts is a sign that the end is near for the troubled retailer, according to several industry experts. Few, if any, hold out any hope that the 128-year-old company can recover.
Retail CMBS loan delinquencies have fallen to their lowest level since 2009, but experts worry that store closings, along with e-commerce, could negatively impact loan performance in the future, especially when borrowers try to refinance.
Investor demand for net leased restaurant properties is heating up, sparked by confidence in the restaurant sector and a dearth of new construction in other retail sectors. Investors are hungry for quick service restaurants (QSR) like McDonald’s, as well as casual dining properties like Red Lobster.
Recent activity has generated a lot of discussion within both the retail and investment community about PetSmart’s future. Experts say PetSmart’s management team has a lot of options.The question is: Which option will provide investors with the best value?