Senior housing wealth reaches record level in first quarter

The Building Societies Association (BSA) has signed the Mortgage Industry Mental Health Charter. The BSA said the move reaffirmed its commitment to supporting positive mental health and wellbeing across the mortgage sector. Established in 2021, the charter brings together organisations from across the mortgage and wider property finance industry to help ensure that nobody feels…

Walk into any wealth management conference today, and you will still hear the old gospel: top performance, maximum access (which assumes impeccable transparency), and mutually beneficial relationships. Based on my numerous participations in such events, these were the industry’s holy trinity, and for good reason. But look closer, and the reality is already different. As…

The Linden, an SRG Residential-developed property in Long Beach, California Milhaus and SRG Residential completed a merger, forming a national multifamily platform to develop, own and manage apartment communities in more than 20 markets. Together, Indianapolis-based Milhaus and Newport Beach-based SRG Residential, a subsidiary of Sares Regis Group, have $2.5B of total investment activity and more than 50,000 apartments under third-party…

The AI chip trade has cracked this month. Micron Technology has dropped about 32% in three weeks. Broadcom sits roughly 24% below its 52-week high. Even Nvidia (NVDA 1.97%), which has held up better than most, is down about 12% from its high as of this writing. The fear isn’t weak demand so much as…

In a market where finding a development opportunity is akin to “finding a needle in a haystack,” and existing policy can “break the backs” of developers who want to build housing, it follows that a majority of the development community has “redlined” it to curtail future investment.   It’s no surprise to hear that multifamily development…

Teen Venezuela quake survivor mourns her ’young forever’ friends