Major SFR deal, new construction sentiment soars, making moves and movies, the deal with SRO, and San Francisco's troubles.
In Today's News
SFR Operator Front Yard (NYSE: RESI) to Be Taken Private in $2.4 Billion Deal
GlobeSt.com says the deal will make Pretium the second-largest owner and operator of single-family rental (SFR) housing in the United States.
Why it matters: As this article points out, there are several other major players diving deep into this housing segment. Individual real estate investors may want to explore their own options, including real estate investment trusts (REITs) that specialize in the SFR space.
NAHB: Builder Confidence Continues Record Climb
The National Association of Home Builders (NAHB) reported today that its housing market index has hit a record high for the second month in a row.
Why it matters: Builders are on the ground floor of the housing market, and their confidence is nationwide, the survey finds.
Lights! Cameras! CRE Action!
Major acquisitions have captured the limelight, this National Real Estate Investor piece says, but investors around the country are considering how they can attract independent producers as tenants, too.
Why it matters: Production studios take up a lot of space, generating income and jobs. CRE owners with space on their hands might start by contacting their local or state film offices. Here's a link to get started.
Today on Millionacres
The (Potential) Return of Single-Room Occupancy
Millionacres' Lena Katz looks at the ins and outs of single-room occupancy, including how it's fallen into disfavor and how rebranding might help it stage a comeback.
Why it matters: Owners of properties that can be converted to this kind of use can help with housing affordability -- especially among the working homeless -- but may face some blowback, or at least some serious regulatory oversight.
Are San Francisco's Offices (and Apartments) Finished?
San Francisco -- the city itself, not just nearby Silicon Valley -- has seen real estate prices of all kinds, including office rentals, boom for years. Now, many of those techies are gone -- and they may not be coming back.
Why it matters: Millionacres' Deidre Woollard parses out the damage the pandemic has done to one of the world's iconic cities when it comes to office space and apartment rentals. But, she also points out, the increased affordability might be a boon, too, and big cities do tend to endure these downturns and come back to thrive again.