Lexington Realty Trust, a New York real estate investment trust that invests in single-tenant office properties, has formed a joint venture to invest in such properties nationwide.Lexington reported that it will invest $22.5 million in the venture, and the co-investor, an unnamed real estate company, will invest $127.54 million. The joint venture is expected to acquire up to $1.4 billion of property, using mortgage financing for up to 70% of the acquisition cost. The joint venture is initially acquiring 53 single-tenant net-leased assets (with a total area of over eight million square feet) from Lexington and its affiliates for a total price of $940 million, including the assumption of debt. The REIT can be found online at http://www.lxp.com.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27