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06 Jul
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RISING STAR
Blackstone Sells Student Housing Portfolio to KKR for $1.64 Billion
Blackstone Real Estate Income Trust (BREIT) is offloading its collection of 19 student-housing properties to KKR for a whopping $1.64 billion.
THE TAKEAWAY
San Francisco Faces Economic Headwinds, Credit Outlook Downgraded
San Francisco’s economic stability is on shaky ground, with S&P Global Ratings recently modifying the city’s debt outlook to “negative.”
THE TAKEAWAY
Nationwide Rents Stabilize, NYC Rents Up 20–26%
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 TAKEAWAY
CRE Property Prices Fell 3% YoY, Yet Pace is Declining
The MSCI report highlights a 3.0% year-over-year drop in the RCA CPPI National All-Property Index.
THE TAKEAWAY
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TOP STORIES
Office Vacancy Rate Nears 20% to Set Fresh Record
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