Ares REIT Plans To Close On 2 Houston Properties As Part Of Texas Spending Spree

More Houstonians than ever are prioritizing public education amid a desperate rush for educated workers and growing recognition that the city's economy must diversify by attracting new industries. 

Over the past 30 years, the percentage of Houstonians who believe that public schools have adequate funding has nearly halved, from 60% to 34% in 2022, according to a survey released Tuesday by the Kinder Institute for Urban Research at Rice University.…

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The center currently serves as a mixed-use building for office and retail tenants, anchored by JPMorgan Chase and The Imani School, a private Christian institution. Chris Williams purchased the building with a group of other owners: Imani School founding head Patricia Hogan Williams, George E. Johnson Properties principal broker Courtney Johnson…

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In Case You Missed It...

Heads in beds as an investment strategy has been unstoppable over the past few years. For the first time on record, more money was invested globally last year in rented residential — multifamily, student housing and senior living — than in offices, Savills data showed.

The expansion of the sector makes it possible for a person to live in good-quality, institutionally owned rentals for an entire lifetime, moving from purpose-built student accommodation to build-to-rent after securing a first job, then to a single-family rented home when kids enter the picture and to senior living upon retirement. 

The shift is wonderful for institutional real estate investors seeking lifetime customers providing stable income, which closely tracks inflation, for decades.

But the picture is more mixed for society as a whole.

The growth of people renting in the private sector has been sharp. In the UK, it has grown by 60% to 4.5 million in 2017, according to the UK government Office for National Statistics. UK home ownership dropped from a high of 70% to 63%…

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