RS Company Ltd. Transfers All Shares of Rays Company (Hong Kong) Limited to Hulic Co., Ltd.
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RS Company Ltd. Transfers All Shares of Rays Company (Hong Kong) Limited to Hulic Co., Ltd.

ByAlice Temper

RS Company Ltd. (RS), an affiliate of Oasis Management Company Ltd., has transferred all shares of Rays Company (Hong Kong) Limited (Rays) to Hulic Co., Ltd. (Hulic). Rays was wholly owned by RS and held 63.88% of the shares of Raysum Co., Ltd. (Raysum). Additionally, RS transferred its loan receivables and dividend payment claims against…

Jaws Mustang Acquisition Corporation Suspends Pursuit of Hospitality Business Combination
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Jaws Mustang Acquisition Corporation Suspends Pursuit of Hospitality Business Combination

ByAlice Temper

Jaws Mustang Acquisition Corporation (NYSEA: JWSM) has decided to suspend its pursuit of a hospitality business combination after an initial plan to merge with investment affiliates of Starwood Capital Group fell through. The company had entered into a nonbinding letter of intent with Starwood Capital Group for a potential business combination involving a portfolio of…

Jamestown Completes Acquisition of Atlanta Subsidiary of North American Properties
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Jamestown Completes Acquisition of Atlanta Subsidiary of North American Properties

ByAlice Temper

Jamestown, a global real estate investment and management firm, has completed the acquisition of the Atlanta subsidiary of North American Properties. The acquisition includes the subsidiary’s real estate operating platform and an investment in the portfolio of properties managed by the subsidiary. This strategic move will allow Jamestown to accelerate its expansion in secondary and…

Federal Home Loan Bank of Chicago Awards $47 Million in Affordable Housing Program Grants
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Federal Home Loan Bank of Chicago Awards $47 Million in Affordable Housing Program Grants

ByAlice Temper

The Federal Home Loan Bank of Chicago (FHLBank Chicago) has awarded over $47 million through its 2024 Affordable Housing Program (AHP) General Fund round to help finance 35 housing projects primarily in Illinois and Wisconsin. This funding will facilitate the acquisition, rehabilitation, and new construction of over 1,300 housing units. The funding will support a…

Avanti Residential Acquires The Avery Apartment Community in Orlando, Florida
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Avanti Residential Acquires The Avery Apartment Community in Orlando, Florida

ByAlice Temper

Avanti Residential, a leading nationwide multifamily investor and operator, in partnership with Centennial State Capital, has successfully acquired The Avery, a luxurious 200unit apartment community in Orlando, Florida. The acquisition, totaling $50,500,000, closed on October 24, 2024, further solidifying Avanti Residentials presence in the state of Florida. The Avery, completed in 2022, offers residents a…

COPT Defense Properties Expands Data Center Shell Program with Land Acquisition in Iowa and Acquires Office Building in Texas
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COPT Defense Properties Expands Data Center Shell Program with Land Acquisition in Iowa and Acquires Office Building in Texas

ByAlice Temper

COPT Defense Properties, a selfmanaged REIT focused on owning, operating, and developing properties near key U.S. Government defense installations, recently acquired a 365acre land parcel near Des Moines, Iowa for $32 million to expand its data center shell program. The land allows for approximately 3.3 million square feet of development and 1 gigawatt of power…

InvenTrust Properties Corp. Upsizes Unsecured Revolver Facility to $500 Million
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InvenTrust Properties Corp. Upsizes Unsecured Revolver Facility to $500 Million

ByAlice Temper

InvenTrust Properties Corp., a premier Sun Belt, multitenant essential retail REIT, has announced the recast and upsizing of their Unsecured Revolving credit facility, increasing its capacity from $350 million to $500 million. The purpose of the funding is for general corporate purposes, including acquisitions and other working capital uses. The maturity date on the Revolver…

Three Pillars Capital Acquires Vista Azul Apartments in Pasadena, TX
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Three Pillars Capital Acquires Vista Azul Apartments in Pasadena, TX

ByAlice Temper

Three Pillars Capital, led by Gautam Goyal, has acquired Vista Azul Apartments, formerly known as The Life at Beverly Palms, a 308unit ClassC multifamily property in Pasadena, TX. The acquisition marks a significant milestone for the firm as it aims to reach $1 billion in assets under management. The property is strategically located in a…

Mave Raises CAD$2 Million in PreSeed Funding for AI Assistant for Real Estate
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Mave Raises CAD$2 Million in PreSeed Funding for AI Assistant for Real Estate

ByAlice Temper

Mave, the AI assistant for real estate, has raised CAD$2 million in preseed funding and launched its beta program for agents and brokers. The funding will be used to further develop Mave as a fulltime assistant, handling key backend administrative tasks for real estate agents and brokerages. The investment round was led by Relay Ventures…

RateMyAgent Acquires Curated Social to Expand Marketing Tools for Real Estate Professionals
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RateMyAgent Acquires Curated Social to Expand Marketing Tools for Real Estate Professionals

ByAlice Temper

RateMyAgent, a leading player in the real estate review and reputation management industry, recently acquired Curated Social, a renowned provider of curated real estate and mortgage content. The acquisition marks a significant milestone for RateMyAgent as it expands beyond its review platform to offer a more dynamic and comprehensive suite of marketing tools in the…