The transaction is being referred to as a “resecuritization” in deal documents seen by Bloomberg.

Outlet centers have not been spared the pandemic’s toll. But their open-air locations and focus on value are major advantages.

The fund will seek to deliver annual returns of 13 to 15 percent after fees by developing single-family and multifamily rentals outside gateway markets.

Landlords are growing more desperate as they struggle to fill apartments, offering months of free rent.

The portfolio comprises two facilities in the Grand Rapids MSA, 5460 Executive Pkwy. in Grand Rapids and 1865 Industrial Dr. in Grand Haven, Mich.

National Land Realty CEO Jason Walter outlines recent trends in land sales.

Property fundamentals in the sector remain very strong, making it an attractive long-term investment bet.

High-paid U.S. workers are benefiting from a strong stock market and lower expenses, while the less fortunate are facing job losses and eviction.

The lending market “is not cautiously pessimistic, it’s not cautiously optimistic. It’s just in a quiet place where it doesn’t know which direction to go,” says one source.