Carroll Raises Short-Term Lending Fund For Apartment Owners In Distress

Atlanta's crowded, active industrial market is getting another new entrant. Boston-based Plymouth Industrial REIT has established a Metro Atlanta office and has started construction on two new warehouses in Georgia, Plymouth CEO Jeff Witherell said on his firm's Nov. 3 earnings call. Witherell didn't…

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Here is what we know so far following Tuesday’s midterm elections:      — While the Republicans are still likely to take control of one or both houses of Congress, the predicted “red wave” never crested throughout the wee hours of election night — and it could take days for…

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A combination of persistent inflation and aggressive federal interest rate hikes has decimated residential property investing in the U.S. But the business of owning rental properties is still booming.

Seven of the nation's top publicly traded landlords reported year-over-year profit gains in the double digits in the third quarter, showing that both their business models and corporate ledgers have been insulated from the worst effects of the current financing environment. 

Nearly all public landlords have seen revenues grow much faster than operating expenses over the past 12 months.

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New York City’s new pay transparency act had a shaky rollout and met with criticism from many in the business community, but it also touched off a wave of CRE professionals eager to find out how their paychecks stack up and arm themselves for compensation negotiations.

This new access to compensation information is part of a growing movement in the U.S. and reflects a shift away from the old notion that the very subject of pay is taboo, offering a glimpse into how others are paid and potentially contributing to a talent shake-up in CRE and beyond.

“Candidates seem to be on a fact-finding mission to ensure their compensation is in line,” said Building Careers President Carly Glova, who heads a recruiting firm focused on CRE. “They have been reaching out to us in droves, not necessarily with the intent to move positions, but with regards to their market compensation. Many are taking the initiative to have those conversations with their supervisors before getting to the point of a counteroffer." 

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