After 7 Years of Gains, U.S. Home Values Fall in April

Zillow | May 20, 2019

After 7 Years of Gains, U.S. Home Values Fall in April
According to Zillow's April 2019 Real Estate Market Report, U.S. home values fell from March to April, the first month-over-month decline since February 2012. The typical U.S. home is worth $226,800, down 0.1% from last month. The decline - led primarily by large West Coast markets - comes after 85 straight months of gains that brought home values to record highs. U.S. home values have experienced declines only twice over the past few decades: during the recession of the early 1990s and the Great Recession and housing crisis in the late 2000s.

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REAL ESTATE INVESTMENT

JLL Income Property Trust Acquires 4-Building Suburban Atlanta Distribution Center

JLL Income Property Trust | December 08, 2021

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REAL ESTATE TECHNOLOGY

KKR is expanding its Southern California real estate industrial portfolio with the acquisition of New San Diego

businesswire | January 06, 2021

KKR, a main worldwide venture firm, today reported the obtaining of Three Piper Ranch, a mechanical dispersion property comprising of two structures adding up to around 330,000 square feet in San Diego, California. The property extends KKR's mechanical land impression in Southern California to roughly 2.4 million square feet. The recently procured property was implicit 2007 and highlights 32' clear statures. It is situated in the Otay Mesa submarket of San Diego with phenomenal admittance to SR-125, SR-905, I-805 and I-5. The property was 100% rented at procurement to five separate occupants. KKR bought the property from Zurich Alternative Asset Management, LLC and CBRE Capital Markets assisted with facilitating the deal. “We are excited to supplement our footprint in Southern California with the addition of this high quality asset,” said Ben Brudney, a Director in the Real Estate group at KKR. “We continue to like the long-term supply demand fundamentals in San Diego.” KKR is making the speculation through its Real Estate Partners Americas II Fund. Across its assets, KKR possesses almost 32 million square feet of modern property in essential areas across significant metropolitan zones in the U.S. Since dispatching a committed land stage in 2011, KKR has developed land resources under administration to roughly $14 billion across the U.S., Europe and Asia as of September 30, 2020. The worldwide land group comprises of more than 90 devoted speculation experts, spreading over both the value and credit organizations. About KKR KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds.

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REAL ESTATE INVESTMENT

First National Realty Partners Acquires Southland Crossings, a 245,678 SF Giant Eagle-Anchored Shopping Center in Boardman, OH.

First National Realty Partners | December 10, 2021

First National Realty Partners (FNRP) is pleased to announce the acquisition of Southland Crossings, a grocery-anchored shopping center located at 1150-1300 Doral Drive, Boardman, OH. Southland Crossings is a 245,678 SF shopping center that is 91% occupied and anchored by a 77,592 square foot Giant Eagle Supermarket. The property is located approximately 6.0 miles south of downtown Youngstown and adds to FNRP's rapidly growing portfolio of premier real estate assets in Ohio and throughout the United States. "We are excited to acquire Southland Crossings and add Giant Eagle to our portfolio, In addition to having high-performing junior anchor tenants including Ross, PetSmart, DSW, and Michaels, Southland Crossings is shadow anchored by Lowe's and Walmart, who help drive foot-traffic to the center". -Matt Annibale, Senior Director of Acquisitions at First National Realty Partners. First National Realty Partners, LLC (FNRP) is a leading vertically integrated real estate investment firm focused on acquiring institutional quality commercial real estate throughout the United States. The firm is an active, opportunistic, and value-add investment firm that is equipped to operate in all facets of the real estate acquisition process as an investor, developer, and asset manager of commercial real estate. FNRP enhances the value of properties through hands-on management and targeted investments that result in superior, risk-adjusted returns for its investors.

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