In partnership with the Department of the Army, GMH Communities Trust of Newtown Square, Pa. will design, build, manage and maintain military housing units in Fort Bliss, El Paso, Texas and the White Sands Missile Range near Las Cruces, New Mexico.The initial six-year development period project costs at approximately $445 million. GMH said it has been selected by the Army to finalize plans for the 50-year term Fort Bliss and White Sands project. It is operated following the 1996 Congressionally authorized "Military Housing Privatization Initiative" through the Department of Defense and the Department of the Army.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
10h ago -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
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A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2 -
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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