Colony American Home Files IPO To Roll-Up Ownership of Single-Family Homes – CoStar GroupHaving stoked a strongbox with about $2.2 billion in privately raised funds, fast-growing Colony American Homes Inc., is planning an initial public offering of common stock to raise at least $100 million more. The Santa Monica, CA-based owner of single-family rental property is being spun-off into a real estate investment trust by Thomas Barrack’s Colony Capital.
Lenders Chip Away at Foreclosure InventoriesCompleted foreclosures rose in March, but the big drop in the number of distressed properties entering the pipeline remains encouraging, analysts say. In March, 55,000 foreclosures were completed, a 6 percent increase from February, according to a newly released report from CoreLogic. But, overall, foreclosures have fallen more than 16 percent year-over-year.
Expectation and Market Realities in Real Estate 2013This report presents an analysis of the current economy for commercial real estate investors, covering the major property sector markets
Robert Shiller: Home Prices Will Remain Relatively Stagnant For Next 10 YearsMore good news on the housing market. This morning, the S&P/Case-Shiller Home Price index posted its biggest annual increase since 2006-just before the housing market crash. Home prices in all 20 metro areas included in the index rose for the second month running. Phoenix led, with a 23% annual increase followed by San Francisco (18.9%), […]
Blackstone Buys Atlanta Homes in Largest Rental TradeBlackstone Group LP (BX) bought 1,400 properties in Atlanta, some eligible for federal low-income housing subsidies, in the biggest bulk purchase for the fledgling homes-for-lease industry. The private-equity firm, which has spent more than $4 billion on 24,000 rental properties in the last year making it the largest buyer in the U.S., purchased the residences from Building and Land Technology, said Marcus Ridgway, chief operating officer of Invitation Homes, Blackstone’s single- family rental division.
The new rules of house flippingBy Chris Taylor NEW YORK (Reuters) – When the housing market went bust, house flippers went into hibernation. Now, as the recovery creeps along, bargain-hunters are once again looking for homes to fix up and resell for a quick profit. Just take a look at the numbers.
Investors Pile Into Housing, This Time as LandlordsLAKE FOREST, Calif.-Jeff Pintar had buyer’s remorse as he purchased 12 foreclosed homes in five Southern California counties on a single day. His regret: that he didn’t buy more homes a year earlier.
Foreclosure filings fall to lowest level since 2007@CNNMoney February 14, 2013: 1:00 AM ET Foreclosure filings in January fell to levels not seen since 2007. Foreclosure filings in January plunged to their lowest level since April 2007. Notices of default, scheduled auctions, bank repossessions and other filings fell to 150,864 last month, a 7% decline from the previous month and a 28% drop from January 2012, according to RealtyTrac.
Do Wall Street Insiders Expect Something Really BIG To Happen Very Soon?Why are corporate insiders dumping huge numbers of shares in their own companies right now? Why are some very large investors suddenly making gigantic bets that the stock market will crash at some point in the next 60 days? Do Wall Street insiders expect something really BIG to happen very soon?