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February 14, 2024

New State Bill Would Bar Localities From Restricting Existing Airbnbs

New legislation proposed in the Georgia House of Representatives is looking to protect owners of short-term rental units from potential local restrictions or bans.

New Georgia Bill Would Bar Localities From Restricting Existing Short-Term Rentals

Republican Reps. Dale Washburn of Macon, Bethany Ballard of Warner Robins, Alan Powell of Hartwell, Kimberly New of Villa Rica and Steven Sainz of St. Marys introduced a bill this month that would prevent city and county governments from banning landlords from using their dwelling units as

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Wellstar Eyeing $300M-Plus Hospital Expansion In Paulding County

Wellstar Eyeing $300M-Plus Hospital Expansion In Paulding County

One of Atlanta’s largest healthcare systems is looking to expand a campus on the fringes of the metro area.Wellstar Health Systems filed a letter of intent with the Georgia Department of Community Health to build a $305M tower at its Paulding Medical Center in Hiram,…

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'Enhance And Enrich': The Push To Grow Black Wealth Taking Hold In CRE

Black leaders in commercial real estate are driving a new and growing wave of investment in the country’s communities of color, leveraging assets owned by Black institutions like historically Black colleges and universities.

Similar efforts have gained traction over the years in residential real estate but have been slower to catch on in CRE. But with millions of dollars committed to growing wealth and reducing inequality in majority-Black areas by investing in commercial property, that is changing.

'Enhance And Enrich': The Push To Grow Black Wealth Taking Hold In CRE

“We've seen, by way of gentrification, or by way of slumlords or just by way of mismanagement, a lot of degradation over the years,” Haltere Group Vice President Mikael Pyles said. “It's integral that companies like ours, Black-owned companies, come in and enhance and enrich these communities.”The Haltere Group, based…

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Private Equity Fundraising Nose-Dives To 11-Year Low

Private Equity Fundraising Nose-Dives To 11-Year Low  

Despite the largest real estate fund in history closing at $30B last year, 2023 overall proved to be a bleak year for capital raises.  

Private equity and nontraded REITs reported their lowest investment capital haul in 11 and five years, respectively, according to CoStar. On the private equity side of the token, PERE reports $139B was raised in 2023, a far cry from a peak in 2021 of…

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