With pandemic-related restrictions being rolled back, the GSEs remain very active in multifamily lending, especially on affordable housing.
The Wall Street Journal argues that Sam Zell’s deal for Monmouth is an illustration that distressed opportunities may not emerge. Blackstone and Starwood Capital increased their offer for Extended Stay America. These are among today’s must reads...
Invesco is separately leading a $40 million financing round for Mynd.
Automation would be a major departure for Instacart, which currently relies on hundreds of thousands of gig workers.