Occupancy rates for US hotels fell to 485 percent for the week ending Sept 12 from 494 percent the previous week, according to the latest data from STR Hotels nationwide sold 177 million total room nights, down from the 18 million room nights sold...
Commercial Real Estate Direct Staff Report Resource Real Estate has proposed merging three non-traded apartment REITs it manages, creating a portfolio of 51 properties with 14,995 units in 15 states valued at $3 billion The resulting company’s...
Commercial real estate analysts expect a sharp increase in distressed properties coming to the sales market next year, thanks to the havoc wreaked by the Covid-19 pandemic It's not a question of whether or not the market will see an influx of...
Apartment Investment & Management Co is planning to spin-off most of its apartment portfolio into a new vehicle, Apartment Income REIT, that will focus exclusively on owning and acquiring stabilized properties The new entity will start life with 98...
Labor Day weekend helped goose occupancy at US hotels for the week through Sept 5 to 494 percent from the 482 percent recorded a week earlier, according to STR That still falls short of the 502 percent occupancy peak recorded for the week through...
Securitized loans against hotel and retail properties continued to pour into special servicing last month, increasing the volume of those loans by $46 billion, to $5425 billion, or 1004 percent of the CMBS universe tracked by Trepp LLC It's the...
Commercial Real Estate Direct Staff Report Nearly all the alternative lenders that Moody’s Investors Service rates had increased their cash holdings in the second quarter when compared with a year ago, as the coronavirus pandemic disrupted...
Occupancies at US hotels declined for the second week in a row during the week through Aug 29, to 482 percent from 488 percent the previous week, according to STR At the high point, during the week through Aug 22, occupancy reached 502 percent, the...
CIM Group is merging four non-traded REITs it manages in a move that will result in a company with nearly $55 billion of assets - net-leased properties and commercial real estate debt The scale of the resulting company would put it in a better...
Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc has negotiated an agreement that allows it to tap into a reserve account to cover its debt-service obligations and operating expenses at the 157-room La Posada de Santa Fe...
