The latest version of Pebblebrook’s bid, from last week, may lead to a superior proposal to the agreement reached with Blackstone, a determination made unanimously by LaSalle’s board.
Average daily rates are growing, but the increase is only barely keeping up with inflation.
The company is hoping to avoid millions in losses when the law, designed to police short-term home rentals, takes effect this winter.
The Federal Housing Finance Agency said Tuesday that the two mortgage giants will dial back their participation after a two-year “test and learn” pilot program designed to gather information on the market.
Unlike traditional real estate funds, which call for managers to return money to investors after a set period of time, Cerberus is raising an evergreen fund without a target date for returning capital.
High construction levels are tempering some of the enthusiasm in the seniors housing sector.
The latest deal moves a stake in the property between investors with ties to Guggenheim Partners, which Todd Boehly left in 2015.
A look at the top 16 life sciences clusters in the U.S., including some key stats from JLL’s report.