California Realtors Not Happy with State's Passage of New Rent Cap Bill

California Apartment Association | September 12, 2019

California Realtors Not Happy with State's Passage of New Rent Cap Bill
With the passage of Californias Assembly Bill 1482 this week, California's Realtors issued the following statement of from State's Association president Jared Martin. The California Association of Realtors is disappointed by the passage of Assembly Bill 1482, which moves California toward statewide rent control. Throughout the debate, Realtors, advocated for a balanced solution that protected renters and respected the rights of property owners. While several of our recommendations were included in AB 1482, including the exemption of single-family homes and condominiums, the final bill did not do enough to increase the supply of affordable rental housing. Even legislators who voted yes did so acknowledging its shortcomings.

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In 1955, Edina, Minnesota housewife and mother of three Emma Rovick borrowed $2,000 and bought a struggling real estate firm in order to make enough money to buy a piano for her daughter.

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Auerbach Funds Announces First Close for Third Opportunistic Real Estate Fund

prnewswire | October 15, 2020

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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

JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with $5.5 billion in portfolio assets, today announced the acquisition of Friendship Distribution Center, a newly constructed, four-building industrial portfolio totaling nearly 650,000 square feet. The Class A properties are located in the Atlanta suburb of Buford, Georgia, home to the premier Northeast Atlanta industrial submarket. The purchase price was $95 million. "Friendship Distribution Center's location in Atlanta's Northeast submarket, high quality new construction and proximity to irreplaceable transportation infrastructure makes this an excellent portfolio fit for us as we continue to execute on our strategy of increasing our allocation to core industrial assets,". "Given this property's strong tenant profile and exceptional location, this acquisition aligns well with our overall strategic objectives." -Allan Swaringen, JLL Income Property Trust President and CEO JLL Income Property Trust's aggregate industrial allocation is now over $1.6 billion of industrial holdings in 54 properties across 13 key markets, representing the second largest property type allocation in the portfolio. Friendship Distribution Center is in an "A" location, with immediate proximity to Interstate 985, the major highway in the Northeast Atlanta submarket. Its strategic location provides access to the entire Eastern seaboard within a one to two-day drive. Friendship Distribution Center is 96 percent leased to five tenants, with a weighted average lease term of approximately six years. According to LaSalle Research & Strategy, Atlanta is the fourth largest industrial market in the U.S. with more than 660 million square feet of space. The market set an absorption record in the second quarter of 2021 of 8.6 million square feet, bringing vacancy down to just 5 percent. The Northeast submarket specifically saw 2.1 million square feet of net absorption in the second quarter, the highest of any submarket in the Atlanta metro area, accounting for 24 percent of total absorption. JLL Income Property Trust is an institutionally managed, daily NAV REIT that brings to investors a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world's leading real estate services firms. About Jones Lang LaSalle Income Property Trust, Inc. (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), Jones Lang LaSalle Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing apartment, industrial, office and grocery-anchored retail properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. About LaSalle Investment Management LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, LaSalle manages approximately $76 billion of assets in private and public real estate property and debt investments as of Q3 2021. LaSalle's diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments.

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NexPoint Announced the Addition of Three New Sales and Marketing Professionals for Real Estate

NexPoint | May 08, 2020

NexPoint operates across the real estate landscape, with experience in multifamily, single-family rentals, office, industrial, hospitality, and self-storage, among other property types. NexPoint's real estate expertise continues to give rise to new investment opportunities that we can bring to investors. NexPoint's platform provides differentiated access to alternatives through a range of investment solutions, including public and private real estate investment trusts. NexPoint, a multibillion-dollar alternative investment platform, today announced the addition of three new sales and marketing professionals. The new hires are part of an ongoing expansion of the firm's distribution capabilities designed to support real estate investment offerings and reflect growth across the platform. Including the latest appointments, NexPoint added 17 members to its distribution team in the last year across a range of roles. NexPoint's real estate expertise continues to give rise to new investment opportunities that we can bring to investors. As we develop our distribution capabilities around these opportunities, we are able to expand access to NexPoint's real estate investment solutions, Dustin Norris, NexPoint's head of distribution and chief product strategist. NexPoint operates across the real estate landscape, with experience in multifamily, single-family rentals, office, industrial, hospitality, and self-storage, among other property types. The firm brings this expertise to investors through a range of public and private vehicles and investment solutions, including public and private REITs, closed-end funds, Delaware Statutory Trusts (DSTs), tax-advantaged real estate transactions, and other private real estate investments. Read More: 8 Steps to Find (& Stick With) the Right Real Estate Investing Strategy for You In expanding its distribution team, NexPoint has focused on aligning distribution capabilities with the platform's offerings, adding new hires with relevant backgrounds and industry expertise. Among the latest new hires is David Bulger, who joins as the regional sales director for Florida and Georgia. Bulger spent the previous 14 years wholesaling alternative investment offerings to independent broker dealers in Florida, most recently with Cantor Fitzgerald. With Bulger, NexPoint has added seven sales directors in the last six months. Others include: • Scott Belval, who joined as regional sales director for the New England and Upstate New York regions; • Luke Castanien, who joined as regional sales director for the Great Plains region, covering Kansas, Missouri, Iowa, and Nebraska; • Kyle Castle, who joined as regional sales director for the Great Lakes region, covering Illinois, Michigan, and Indiana; • Paul DeMaio, who joined as director of RIA and family office sales; • Mark Dillion, who joined as regional sales director for the Four Corners region, covering Arizona, Colorado, New Mexico, and Utah; and • Sean Parvin, who joined as senior regional sales director in the Southern California region. Other new hires announced today include a marketing manager and an internal sales consultant. The additions to the team over the last year align our distribution capabilities with the investment opportunities available on the NexPoint platform. As a result, we can better serve financial advisers and their clients, building a broader understanding of investors' evolving needs and bringing them a range of investment solutions from NexPoint, Kirby Noel, managing director and national sales manager. Read More: Top Marketing Ideas in Real Estate That Work (in 2020) About NexPoint NexPoint is an alternative investment platform comprised of a group of investment advisers and sponsors, a broker-dealer, and a suite of related investment vehicles. NexPoint's platform provides differentiated access to alternatives through a range of investment solutions, including public and private real estate investment trusts, tax-advantaged real estate vehicles, other private real estate investments, closed-end funds, interval funds, and a business development company. NexPoint is based in Dallas, Texas and is part of a network of affiliates with expertise across the asset management and financial services spaces. For more information visit www.nexpointfunds.com

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Spotlight

In 1955, Edina, Minnesota housewife and mother of three Emma Rovick borrowed $2,000 and bought a struggling real estate firm in order to make enough money to buy a piano for her daughter.