Blackstone Real Estate Income Trust (BREIT) is offloading its collection of 19 student-housing properties to KKR for a whopping $1.64 billion.

San Francisco’s economic stability is on shaky ground, with S&P Global Ratings recently modifying the city’s debt outlook to “negative.”

April saw stable national rents: one-bedrooms fell to $1,486, and two-bedrooms edged up to $1,843, with NYC spikes and North Carolina drops due to higher inventory.

The MSCI report highlights a 3.0% year-over-year drop in the RCA CPPI National All-Property Index.

Despite healthy demand, the even stronger supply of new units in Texas is presenting challenges for operators across the state.

Major banks have largely dodged new losses this reporting season despite reports of office towers selling at steep discounts.