Finance
Blackstone Mortgage Trust Covers Dividend Third Straight Quarter as Platform Pivots Toward Data Centers and Net Lease
The $19.7 billion CRE lender posted a GAAP net loss but distributable earnings cleared the dividend hurdle, signaling that a portfolio reset built...
Starwood Pulls the Plug on SREIT Redemptions, Slashes Distribution as Non-Traded REIT Reckoning Reaches Its Endgame
Barry Sternlicht’s $22.4 billion fund becomes the last holdout in a sector-wide liquidity crisis, betting that Sunbelt multifamily fundamentals will reward shareholders who...
AvalonBay Northern California Residential Revenue Climbs 3.9% as San Francisco Rents Surge 8.1%
The Bay Area is now AvalonBay’s strongest established region, with strength spilling from San Francisco and San Jose into the East Bay during...
Bay Club Acquires San Francisco City Block Totaling +150,000 SQFT for $65MM
After Nearly 50 Years as a Tenant, Bay Club Secures Permanent Ownership of Its Founding San Francisco Location SAN FRANCISCO, April 30, 2026...
Northern California Carries Essex as Bay Area Tech Demand Outpaces Seattle, Los Angeles in Q1
The West Coast’s largest multifamily REIT beat expectations as cap rate compression and a $62 million stock buyback signaled a private-public valuation gap....
Apartment Titans AvalonBay and Equity Residential Eye $50B Merger That Could Redraw US Rental Map
The two largest US apartment REITs are in early-stage talks on a combination that would create a roughly 200,000-unit landlord and reignite REIT...
AllianceBernstein Lists 154,000 SQFT 2390 Mission College Blvd. in Santa Clara After Taking Title in $46MM Loan Loss
The Wall Street firm’s foreclosure on PCCP’s 2390 Mission College Boulevard now becomes a value-add test case in a Silicon Valley office market...
CareTrust REIT Pays $61.7MM for Two East Bay Skilled Nursing Facilities Totaling 239 Beds
The Dana Point-based healthcare REIT acquired the 239-bed portfolio across Fremont and Pleasant Hill in all-cash transactions, pricing the combined deal at approximately...
AI Boom Drives Equity Residential’s San Francisco Portfolio to Top Performer in Q1 2026
The REIT’s 11,569-unit San Francisco footprint posted 6.5 percent revenue growth as downtown demand surged and concessions vanished from the company’s most strategic...
BGO Acquires 377,000 SQFT Rio Tech R&D Campus in San Jose for $164.3MM from Washington Holdings
The Sun Life Financial affiliate purchased the seven-building campus at a 3.3 percent discount to Washington Holdings’ 2021 acquisition price and a significant...
Kairos Lists 193,000 SQFT 550 Kearny in San Francisco as AI Recovery Reignites Value-Add Bets
Irvine investor flips to disposition mode less than two years after seizing the North Financial District tower at a steep loan-purchase discount, betting...
KKR Completes $600MM Refinancing of 750,000 SQFT Mission Bay Complex in San Francisco
The New York-based investment giant replaced its original $600 million acquisition loan on the four-building Icona campus — purchased for $1.08 billion in...
