News Updates

CIG Capital Announces New $125 Million Lending Project for The Villages at West Point

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CIG Capital, an alternative investment firm, has announced a $125 million lending project for The Villages at West Point, an upscale 624-unit destination-location development in West Point, Georgia. Despite the economic slowdown, CIG Capital is continuing to provide 100% funding for projects across a variety of industries, including multi-family housing construction. Located on 70.3 acres of land, The Villages will feature resort-style apartment homes and secure on-site boat, recreational vehicle

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Commercial real estate firm Bedrock has announced “Bedrock Relaunch.” The program offers additional months of rent abatement to restaurant and retail tenants. The temporary lease amendments for eligible establishments will run through Dec. 31, 2020. Bedrock Relaunch is part of an ongoing effort to help position its tenants for a safe and successful reopening following the outbreak of COVID-19. Their initial relief program began in March, which offered small business

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Property marketing startup LandSearch has launched an online real estate platform forbuying, selling and financing residential, commercial, agricultural and recreational land. The site promotes a growing inventory of more than 10 million acres of land for sale, along with representing tens of thousands of real estate agents. Users can post an unlimited number of properties for sale and create seller profiles at no charge. Agent, lender and service provider directories

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Fairstead has acquired the Federation Sunrise Apartments, a 123-unit Section 8 housing development for the elderly, in Sunrise, Florida, for $29.5 million. Fairstead is planning a multimillion dollar rehabilitation of the complex, including a full renovation of the apartments. The acquisition was financed through the issuance of federal low-income housing tax credits and tax-exempt bonds from the Housing Finance Authority of Broward County, Florida. Fairstead is a vertically integrated real

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The real estate investment world has come to a screeching halt since COVID-19 hit the U.S. Although many people are refinancing their homes, most banks have slowed or halted their new home purchase originations all together. Suzanne Andresen, the chief revenue officer at REI INK Magazine and one of the founders of the new REI Referral Network, says that this current crisis will create more opportunities for investors once we

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The Board of Trustees for American Homes 4 Rent has appointed Kenneth M. Woolley as independent chairman of the board. The appointment was effective May 7. Tamara Hughes Gustavson, former chairman of the board, will continue to serve as a board trustee. Woolley joined the company’s board at its inception in 2012. He is the founder andformer CEO of Extra Space Storage, Inc., a self-storage real estate investment trust, where