Flynn Properties, Värde Partners enter into $1.1B JV
Flynn Properties Inc., owner of commercial real estate, luxury resorts and select-service hotel properties in the U.S. and abroad, in a joint venture with Värde Partners, a leading global alternative investment firm, has acquired an 80% joint venture interest in 89 select-service and extended-stay hotels in a $1.1 billion implied total enterprise value transaction from affiliates […]
South Florida Investor Pays $33M for Tampa Industrial Portfolio
With industrial properties scarce in South Florida, a Boca Raton investment firm turned to Tampa for its latest acquisition. Basis Industrial said Friday that it paid $33 million for three small-bay properties in Tampa totaling 224,108 square feet. Tenants include Joffrey’s Coffee, PharmScript of Florida, Ademco Inc. and Tri-Ed Distribution. The seller was a group of property investors. The […]
Lotus House Breaks Ground on Nonprofit Center With $32M in Financing
Nonprofit Lotus House broke ground Tuesday on an educational center in Miami’s Overtown neighborhood after landing a $32 million in financing, property records show. The five-story development, called Children’s Village, will house a preschool and recreational facilities. The new, 71,000-sqaure-foot center is across the street from Lotus House’s 500-bed shelter at 219 NW 14th Terrace.l […]
Small Business Loan Approvals at Big Banks Drop to 13.8% in March
According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks slipped again, falling from 14.2% in February to 13.8% in March. This mark is the lowest figure for big banks since July 2021. Approval rates of business loan applications at small banks also dropped more than two percentage points […]
Marriott Launches Apartment Brand in US, Canada
Apartments by Marriott Bonvoy Will Be in the Upper-Upscale, Luxury Segments Marriott International on Wednesday launched Apartments by Marriott Bonvoy, the company’s expansion into apartment-style accommodations, according to a news release. The new brand will be in the upper-upscale and luxury segments and differ from Marriott’s existing extended-stay brands. Stephanie Linnartz, president of Marriott International, said […]
Marriott To Acquire City Express Brand Portfolio for $100 Million
Deal Adds 152 Hotels, 17,356 Rooms to Marriott’s Presence in Latin America Marriott International has reached an agreement with Mexico-based Hoteles City Express to acquire the City Express brand portfolio for $100 million. The portfolio includes 152 midscale hotels representing 17,356 rooms across 75 cities in Mexico and three additional Latin American countries, according to […]
Subordinated Debt: What It Is, How It Works, Risks
What Is Subordinated Debt? Subordinated debt (also known as a subordinated debenture) is an unsecured loan or bond that ranks below other, more senior loans or securities with respect to claims on assets or earnings. Subordinated debentures are thus also known as junior securities. In the case of borrower default, creditors who own subordinated debt […]
Invest in Multifamily Apartments through a Self-Directed Individual Retirement Account
Investing in real estate syndications or funds through a Self-directed Individual Retirement Account (“SDIRA” or “Self-directed IRA”) can be an excellent way to take more control of your retirement, diversify your retirement portfolio and gain exposure to larger, potentially more lucrative real estate deals. Here’s a comprehensive guide on how to do it: What is […]
Five Misconceptions of Cost Segregation
Cost Segregation is an extremely valuable tax planning tool that provides significant savings to real estate owners by increasing cash flows through accelerating depreciation deductions. As with anything in the “tax world”, there are variables that can affect the amount of savings a cost segregation study can produce, and additional complexity that can come from […]
