Blackstone agreed to buy American Campus Communities Inc. in a deal valued at $12.8 billion. The YIMBY movement is gaining momentum, reports The Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

The report from American Hotel & Lodging Association and Kalibri Labs projects that hotel business travel revenue will remain 23% down from 2019 by the end of this year.

There are few signs of an affordability ceiling in the market-rate apartment segment, says Jay Parsons, of RealPage.

Shawn E. Good had clients send funds to his personal bank account to supposedly make low-risk investments in real estate development projects.