North Dakota
Three NNN Inpatient Rehabs Go for Nearly $90M
Three absolute triple-net-leased inpatient rehabilitation facilities (IRFs) recently sold for $86.8 million. Birmingham-based Medical Properties Trust Inc. purchased Cobalt Rehabilitation… Read more
Pandemic Saw Pay Levels Fluctuate at S&P 500 Companies
Median pay changed by 5% or less at about a third of S&P 500 companies during the pandemic, the Wall Street… Read more
Bipartisan Senate Bill Aims to Plug Holes in Key Section 8 Program
The Choice in Affordable Housing Act was introduced in the Senate on May 20 with bipartisan support and backing from both… Read more
Valuation Declines Trend Upward for Distressed CMBS Even as Other Metrics Improve
A couple of key metrics related to CMBS distress have shown improvement since the depths of the pandemic last year.… Read more
WNC Closes Its Largest Institutional LIHTC Fund to Date
WNC, based in Irvine, CA, announced today it has closed WNC Institutional Tax Credit Fund 50 LP (WNC Fund 50). The fund… Read more
Energy-Sector M&A Activity Off to a Slow Start for Third Consecutive Year
Energy SaaS company Enverus recently released its summary of first quarter 2021 U.S. upstream mergers and acquisition activity. The report… Read more
ND OfficeMax Trades in 1031 Exchange
SRS Real Estate Partners arranged the $2.35-million sale of a 23,500-square-foot single-tenant retail property. Located at 3225 30th Ave. S.… Read more
MedProperties Acquires Fargo Rehab Facility
MedProperties Fund III has acquired the 42-bed, 57,000-square-foot PAM Inpatient Rehab Facility in Fargo, ND for an undisclosed sum. The fund is… Read more
NorthMarq Arranges $33M for ND Affordable Properties
Brett Hood, SVP of NorthMarq’s Chicago office, secured $33,417,000 in combined agency debt facilitating the acquisition of four independent multifamily properties… Read more
WNC Closes $153M Institutional Tax Credit Fund
Irvine, CA-based WNC closed WNC Institutional Tax Credit Fund 49 LP (WNC Fund 49). The fund raised $153 million in… Read more
Aerospace Manufacturer Will Open Kerrville Facility
Killdeer Mountain Manufacturing, Inc. (KMM) will establish a new manufacturing facility in Kerrville, Gov. Greg Abbott announced recently. Based in… Read more
Schlumberger Properties Go Up for Auction
Williams & Williams, a real estate auction firm based in Dallas, will auction 20-plus properties for oilfield services company Schlumberger during a… Read more
CBL Reveals Plans to Redevelop Bismarck Mall
Shopping center developer CBL Properties unveiled the first phase of redevelopment plans for the former Herberger’s department store at Kirkwood… Read more
IRET Exits Markets in IA, SD with $78M in Sales
Minot, ND-based-based IRET exited the Sioux City, IA and Sioux Falls, SD markets, selling 10 properties totaling 969 apartments for… Read more
AHIP of Canada Snares 12-Property Hotel Portfolio, Pays $191M
American Hotel Income Properties REIT LP (AHIP) entered into a definitive agreement with Starwood Capital Group to acquire a hospitality… Read more
Want to Survive the Next Recession? Head to Texas
Discussions ranging from slowing job growth, to inverted yield curves, to recession abound. In response, FitSmallBusiness came out with a… Read more
A&G Will Conduct Bankruptcy Auction on 67 Shopko Sites
A&G Realty Partners will auction six vacant Shopko boxes and 61 vacant outparcel sites as part of the mass merchant’s Chapter… Read more
Private Equity Firm Acquires 124-Unit Autumn Brook
DJE Texas Management Group acquired the 124-unit Autumn Brook apartments from a buyer located in Fargo, ND. The new owner… Read more
Where are Best Places to Get a Summer Job?
This summer’s job market is likely going to be challenged by the tight U.S. labor market. The national unemployment rate… Read more