Behringer Harvard Multifamily REIT I Inc., a Dallas-based company that intends to qualify as a real estate investment trust, has announced a $2 billion initial public offering. The offering will include the sale of up to 200 million shares of common stock at $10 per share, Behringer Harvard said. The company said it is offering all the shares in a "best efforts" offering through a network of independent financial advisers, and up to 50 million shares through a distribution reinvestment plan at $9.50 per share. The company can be found on the Web at http://www.bhfunds.com.
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Better must formally accept the proxy results, which would move forward the founder's plan to reshape the board of directors and tap a new interim CEO.
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Nearly 21% of the homes for sale were reduced in price during September, the highest for the month on record, while inventory grew over 5%, Realtor.com noted.
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Home value fell in real terms, as inflation ran 1.5 percentage points above price growth, down slightly from 3.5% in June, according to the Case-Shiller index.
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The Federal Reserve's preferred measure of inflation came in lower for August than it had in earlier months, but a recent methodology change raises questions about the strength of the signal.
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New York Life's investment arm is buying a majority stake in Verus' parent, as higher rates draw insurers to non-QM. Lenders should expect deeper-pocketed buyers and competition.
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The agreement expands the top-5 bank servicer's relationship with the technology company, claiming it brings its full portfolio to the MSP platform.
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