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China’s property distress sours steel sector in warning sign for economy
Laborers work at a steel plant of Shandong Iron & Steel Group in Jinan, Shandong province, China, July 7, 2017. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register Spillover-effect of property slump poses fresh risks to economy Steel demand, vital part of industrial engine, suffers blow Hit to construction ripples broadly, stings cement, appliances Credit constraints, property woes show no signs of easing soon BEIJING, Dec 19 (Reuters) – Debt problems at a major Chinese property developer have now spilled over into a vital artery of the nation’s industrial engine – the steel sector – and started to ripple through to other critical parts of the world’s second-largest…
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Rental property investment startup Arrived secures $100M in credit financing to fuel U.S. expansion
(Arrived Image) Arrived Homes, the Seattle startup that helps people invest in single-family rental properties, is taking on $100 million in new credit financing to fuel its expansion and the ability to purchase more homes across the U.S. The real estate investment platform announced Thursday that it’s partnering with Certain Lending, a San Francisco-based fintech startup. Arrived uses crowdfunding to help anyone purchase shares of rental properties for as little as $100 and earn a passive income while the company handles everything from property acquisition to necessary improvements and management of daily operations. The idea is to open up access to real estate investing beyond wealthy individuals and institutional investors, and…
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JLL Income Property Trust Acquires Newly Constructed North Tampa Surgery Center
CHICAGO, Dec. 14, 2021 /PRNewswire/ — JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $5.5 billion in portfolio assets, today announced the acquisition of North Tampa Surgery Center, a 13,000-square-foot, newly constructed medical office building in Odessa, Florida. The property is 100 percent leased on a long-term basis to Comprehensive Outpatient Joint and Spine Institute Center. The purchase price was approximately $8.5 million. “Within the office sector, our priority investments are healthcare-oriented, focusing on medical office and life science properties,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “In an uncertain environment for traditional multi-tenant office properties, these…
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When To Buy Your First Rental Property
Deciding to invest in your very first piece of rental real estate is the first step toward generating a passive income and creating long-term wealth. The journey to building wealth can be quite difficult and should not be taken lightly. Before investing your hard-earned cash into a rental property, a wise investor needs to have a plan. Having a well-mapped-out plan will help mitigate some of the risk. Continue to read below to learn what elements should be included in your plan! Identify the type of rental property you want to own The world of rental real estate is vast; there are a variety of properties that are up for…
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5 Tips for Buying a First Investment Property
NEW YORK, Dec. 06, 2021 (GLOBE NEWSWIRE) — Real estate investing can be a smart financial move to diversify a financial portfolio. But buying a first investment property can be challenging, and there are many financial implications to consider beyond just how much the property will cost. That’s where these five tips for buying a first investment property come in to help make the process seamless. 1. Keep Your Debt Manageable It’s normal to take on debt when purchasing a first investment property, but new investors will want to make sure their existing debt is under control before making the commitment. Having too much outstanding debt can make it harder…
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Moms 4 Housing property owner hit with $3.5 million settlement
The state has reached a $3.5 million settlement with corporate real estate investor Wedgewood, known for its stand-off with Oakland activists Moms 4 Housing. The agreement requires the southern California company to revamp its business practices, adhere to stringent state and local renter protections and submit regular compliance reports to the department of justice, Attorney General Rob Bonta announced Wednesday. About $2.75 million of the settlement will be paid to tenants unlawfully evicted by Wedgewood across the state. “As we battle this housing crisis of epic proportion, our housing laws, especially our tenant protections, have never been more vital,” Bonta said. “Unfortunately, even amid this crisis, there are some who pursue…
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