Mortgage Delinquencies on the Rise in 8 U.S. States

CoreLogic | September 10, 2019

According to CoreLogic's latest monthly Loan Performance Insights Report, on a national basis 4% of U.S. mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in June 2019, representing a 0.3 percentage point decline in the overall delinquency rate compared with June 2018, when it was 4.3%. As of June 2019, the foreclosure inventory rate - which measures the share of mortgages in some stage of the foreclosure process - was 0.4%, down 0.1 percentage points from June 2018. The June 2019 foreclosure inventory rate tied the prior seven months as the lowest for any month since at least January 1999.

Spotlight

The report was developed to discover how and why Realtors® chose real estate as a career and to examine gender, race and ethnicity in real estate.

Spotlight

The report was developed to discover how and why Realtors® chose real estate as a career and to examine gender, race and ethnicity in real estate.

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REAL ESTATE TECHNOLOGY

New Industrial Real Estate Joint Venture for NPS and Stockbridge

businesswire | December 03, 2020

Stockbridge declared today that it has shaped a joint endeavor with the National Pension Service of Korea ("NPS") to gain center coordinations properties in the U.S. In association with Stockbridge's open-end center asset and an extra institutional financial specialist, this recently framed endeavor has resolved to get a 14.3-million square foot arrangement of Class A coordinations offices over the U.S.— the biggest exchange by estimation of modern properties since the beginning of the pandemic. Monetary terms of the exchange and the vender were not revealed. The portfolio incorporates as of late finished and destined to-be-finished properties, with a critical portrayal of significant web based business inhabitants under long haul leases. With a normal year worked of 2020, the portfolio epitomizes the most recent advancement in innovation forward coordinations development, planned towards satisfying need for ever-quicker online business satisfaction and conveyance times. “We are excited to acquire high-quality industrial properties that are well aligned with our strategy to capitalize on the paradigm shift to e-commerce,” said Scott Kim, Head of the Real Estate Investment Division at NPS. “This acquisition will be an excellent addition to our real estate portfolio. Additionally, our local presence in New York has allowed us to quickly underwrite the portfolio and manage partner relationships to successfully form this venture.” “We see this acquisition as an exceptional way of tapping into the rapid acceleration of e-commerce growth—one of the most impactful investment themes post-COVID, and likely of the decade to come,” said Terry Fancher, Stockbridge Executive Managing Director. “The tremendous ongoing support of our venture partners has afforded us the opportunity to transact quickly and nimbly in order to access these kinds of rare opportunities at scale.” “This is an extraordinary-quality core portfolio considering its modern construction, high-credit and e-commerce tenant base, and long-term leases,” added Nicole Stagnaro, Stockbridge Managing Director. “It’s difficult to find better cash-flow visibility across private equity real estate today, particularly in a period of broad market uncertainty.” The exchange is Stockbridge's third huge scope portfolio procurement in the modern area in the previous 16 months. Other late buys remember a 8.7-million-square-foot portfolio for November 2019 and a 6.4-million-square-foot portfolio in August 2019. The firm has likewise been exceptionally dynamic in single-resource mechanical acquisitions all through 2020. Joined with the latest exchange, Stockbridge's developing mechanical impression is on target to outperform 55 million square feet.

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REAL ESTATE TECHNOLOGY

Placer.ai Launches Void Analysis Tool to Rapidly Identify the Ideal Tenants for Any Retail Space

Placer.ai | November 12, 2021

Placer.ai, the leader in location analytics and foot traffic data, released its Void Analysis tool today. Void Analysis is an easy-to-use interactive tool that empowers shopping center owners or leasing representatives to find the ideal tenants for any retail space. Prospective tenants are ranked and ordered based on a variety of factors, and a list of tenants is then automatically produced, quickly identifying the ideal candidates and candidate types for any vacant retail space. "The retail real estate market is experiencing an unprecedented moment of change and the role of data in guiding decision-making is only increasing. Placer's Void Analysis tool enables CRE professionals to rapidly identify the ideal fit for any retail space based on a variety of critical factors. With this information, ideal candidates can be quickly identified and the pitch strengthened with objective, reliable location analytics. The result is a unique opportunity to help CRE professionals make better decisions, and faster than ever before." - Placer.ai Co-Founder and CEO Noam Ben-Zvi. Void Analysis consists of two main elements: Analyze top tenants Top potential tenants for any shopping center vacancy based can be identified based on their Relative Fit Score (RFS). The Relative Fit Score is based on several parameters including demographic fit score (DFS), cannibalization rate, average monthly foot traffic, and co-tenancy fit. Learn more about potential tenants Dive deep into the match between your shopping center and a prospective tenant, including the breakdown of which factors suggest strong potential success. Gain a detailed look at key metrics like household income, gender, age, frequent co-tenants, and other parameters to help sharpen the focus and customize the search to account for more variables. Void Analysis is currently available to all Placer.ai subscribers. About Placer.ai: Silicon Valley-based Placer.ai is the most advanced foot traffic analytics platform, allowing anyone with a stake in the physical world to instantly generate insights into any property for a deeper understanding of the factors that drive success. Placer.ai is the first platform that fully empowers professionals in retail, commercial real estate, hospitality, economic development, and more to truly understand and maximize their offline activities.

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REAL ESTATE TECHNOLOGY

Bluerock Residential Growth REIT (BRG) Announces May Dividends on Series B Preferred Stock and Series T Preferred Stock

Bluerock Residential Growth REIT, Inc. | May 15, 2022

Bluerock Residential Growth REIT, Inc. announced that its Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series B Redeemable Preferred Stock (the Series B Preferred Stock) for the month of May 2022, equal to a quarterly rate of $15.00 per share (the Series B Preferred Dividends). In addition, the Board of Directors has authorized and the Company has declared a monthly cash dividend on the Company's Series T Redeemable Preferred Stock (the Series T Preferred Stock) for the month of May 2022, equal to a quarterly rate of $0.384375 per share (the Series T Preferred Dividends). The Series B Preferred Dividends will be payable in cash as follows: $5.00 per share to be paid on Friday, June 3, 2022 to Series B Preferred stockholders of record as of Wednesday, May 25, 2022. The Series T Preferred Dividends will be payable in cash as follows: $0.128125 per share to be paid on Friday, June 3, 2022 to Series T Preferred stockholders of record as of Wednesday, May 25, 2022. Shares of Series T Preferred Stock held for only a portion of the applicable monthly dividend period will receive a prorated Series T Preferred Dividend based on the actual number of days in the applicable dividend period during which each such share of Series T Preferred Stock was outstanding, as permitted under the Articles Supplementary to the Company's charter dated November 13, 2019. About Bluerock Residential Growth REIT, Inc. Bluerock Residential Growth REIT, Inc is a real estate investment trust that focuses on developing and acquiring a diversified portfolio of institutional-quality highly amenitized live/work/play apartment communities in demographically attractive knowledge economy growth markets to appeal to the renter by choice. The Company's objective is to generate value through off-market/relationship-based transactions and, at the asset level, through value-add improvements to properties and to operations. BRG has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.

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