Lessen raised $500 million in equity and debt to help finance the deal, valuing the firm at more than $2 billion. Monroe Capital and Invitation Homes Inc. were among investors participating in the funding.

Exclusive WMRE research details how sentiment on office real estate has shifted as a result of uncertainty on the long-term outlooks for the sector.

A sale could attract private-equity firms and value the closely held business at more than $10 billion, Bloomberg News reported Wednesday, though the plans are still in an early stage.

Investors with a net worth of $30 million or greater saw real estate as an attractive investment opportunity in 2022 amid volatility in financial markets, reports Barron’s. Urban Land Institute looks at the five sustainability issues likely to...