For Equity Residential’s $2.5 billion backup line of credit known as a revolver, lenders have historically treated the process like a formality or an administrative task, Chief Financial Officer Robert Garechana said in an interview. This time...
By assuming existing loans, investors can mitigate the risk from rising interest rates and ultimately underwrite a greater leveraged return, market participants say.
The lack of available space and spiking rents around major U.S. ports is leading tenants to diversify or relocate to smaller ports around the country.
The Golden State is home to some of the U.S.’ most expensive real-estate, making the ultra-tight market a headwind for attracting those crucial college students in the coming years.
The cuts come after an abrupt shift in prices forced the company to sell homes for less than it paid for them.