CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for February

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The Board of Trustees of the CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) (the “Fund”) has declared a monthly distribution of $0.05 per share for the month of February 2021. The following dates apply:

IGR’s current annualized distribution rate is 8.4{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} based on the closing market price of $7.17 on February 4, 2021, and 7.4{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} based on a closing NAV of $8.13 as of the same date.

Future earnings of the Fund cannot be guaranteed, and the Fund’s distribution policy is subject to change. For more information on the Fund, please visit www.cbreclarion.com.

The Fund’s monthly distribution is set by its Board of Trustees. The Board reviews the Fund’s distribution on a quarterly basis in view of its net investment income, realized and unrealized gains, and other net unrealized appreciation or income expected during the remainder of the year. The Fund strives to establish a level monthly distribution that, over the course of the year, will serve to distribute an amount closely approximating the Fund’s net investment income and net realized capital gains during the year.

CBRE Clarion Global Real Estate Income Fund is

Affordable housing shows no impact on real estate values in Colorado Springs neighborhoods, study shows | Homeless

As Colorado Springs City Council members on Tuesday consider approving the spending plan for incoming federal Housing and Urban Development funding, a new map shows property values have not decreased in any city neighborhood because of affordable housing projects.

The information refutes what’s often the leading cause of neighborhood opposition to such development.

“According to the data we have, there is not a single place in the city of Colorado Springs where a low-income project has brought down property values in the last five years,” said Steve Posey, HUD program manager.

That’s also not the case in other states, said Daryn Murphy, vice president of development for Wisconsin-based Commonwealth Development Corp.

“We hear that argument quite often, but we haven’t seen where it actually plays out,” he said.

At least six sections of the city where tax-credited affordable-housing projects have been built are among the neighborhoods that have seen property values increase the most in recent years, Posey noted.

City officials expect to receive an estimated $5 million in HUD funding to address priorities for affordable housing, homelessness prevention, economic development, nonprofit assistance and improvements in low-income neighborhoods. The funding starts April 1 and covers the second year of a

Commercial Mortgages: Lenders of some commercial real estate loans look for better times in 2021 | Business News

Like Led Zeppelin’s classic hit “Good Times Bad Times,” lenders and real estate owners experienced the ups and downs of 2020 in a variety of ways.

Along with owners of hotels and mall owners, conduit lenders were clearly on the bad times side of that riff.

Conduits make a business of originating loans, packaging them together and selling them as commercial mortgage-backed securities.

Like many industries, that business came to a screeching halt in March, but, unlike other real estate lenders, conduits never really rebounded for much of the year. In fact, volume for commercial mortgage-backed securities in 2020 was down some 43{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} from 2019.

The primary reason is commercial real estate didn’t change hands as rapidly in 2020 as in 2019. Investment sales of commercial real estate in the U.S. dropped 32{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} when compared to 2019, according to Real Capital Analytics, a New York-based commercial real estate data firm.

The other reason is hotel and retail properties are a tough sell for any lender. Loans backed by hotels make up 10.24{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} of all CMBS loans outstanding, while retail properties currently make up 14.46{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}, according to analytics firm Trepp LLC.

Even though 2020 was a bad year for loan volume

3 High-Dividend Real Estate Stocks to Buy in February

In times like these, with indexes at highs and investors getting crazy (e.g., short-squeeze mania), buying a high-dividend-paying real estate stock or two can help you focus on other things. You know, like tracking the income your portfolio produces instead of the ups and downs of volatile stock prices. If that sounds like a good thing, here’s a primer on high-yielding W.P. Carey (NYSE: WPC), Broadmark Realty (NYSE: BRMK), and National Health Investors (NYSE: NHI).

1. Smooth sailing

W.P. Carey owns a portfolio of net lease assets, which means its tenants are responsible for most of the operating costs of the properties they occupy. Generally considered a fairly low-risk segment of the real estate sector, W.P. Carey takes things a little further. It also spreads its portfolio across industrial (24{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} of rents), warehouse (23{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}), office (23{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}), retail (17{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}), and self-storage (5{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}) property types. But that’s not the end of the story — it also generates around 37{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} of its rents from outside the United States, largely Europe.

You know diversification is good for your portfolio, but it’s also good for a real estate investment trust’s (REIT’s) portfolio. The proof of that comes from early in the 2020 coronavirus

PGIM Real Estate completes nearly US$30 billion in transactions worldwide in 2020

President and CEO, PGIM Real Estate (Photo: Business Wire)

NEW YORK–(BUSINESS WIRE)–Feb 8, 2021–

PGIM Real Estate completed nearly US$30 billion in transactions worldwide in 2020. The volume represents a total of 911 transactions and includes $10.2 billion in real estate equity investments and dispositions on behalf of third-party investors, in addition to $19.5 billion in real estate financing. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. ( NYSE: PRU ).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210208005176/en/

President and CEO, PGIM Real Estate (Photo: Business Wire)

“While COVID-19 brought on challenges in 2020 that we couldn’t have anticipated or specifically planned for, PGIM Real Estate has been preparing for a market downturn for the past several years,” said Eric Adler, president and CEO of PGIM Real Estate. “We entered the pandemic from a position of exceptional strength and resiliency, with rigorous investment and operational risk infrastructure in place globally and considerable liquidity across our debt and equity businesses.”

The total transaction volume includes approximately $25.3 billion through 835 transactions in

What’s in His Real Estate Portfolio?

Tom Brady’s career has spanned the length of three economic cycles: He was drafted late in the dot-com era, was playing with Randy Moss during the 2007 mortgage crisis, and now just won his seventh Super Bowl during the coronavirus pandemic.

Considered the greatest quarterback of all time by many, not only has Brady amassed victores, titles, trophies, and rings unlike any player in NFL history, he’s developed a sound real estate portfolio along the way.

TB12’s portfolio

Brady and his supermodel wife, Gisele Bundchen, have had property in Manhattan for a while. They actually sold their $36.8 million condo last year, a reportedly 6,500-square-foot unit on the 12th floor, Tom’s favorite number. They did this as part of a downsizing to a $3.6 million, 5,300-square-foot property. This one is also on the 12th floor.

Brady’s most recent purchase though, was a $17 million home in Miami for his move to the Tampa Bay Buccaneers. The area is supposedly known as “Billionaire’s Bunker” and located on Indian Creek Island. The home will be remodeled using eco-friendly building materials and designed with solar panels. The house is reportedly built on a two-acre lot.

The couple is also believed to own

Real Estate Tech Firm Matterport May Go Public Via Spac

Matterport CEO RJ Pittman (Getty)

The VC-backed real estate tech company Matterport, which designs software that allows virtual walkthroughs, is the latest firm to explore going public via a blank-check company.

The company is in talks to list via a merger with Gores Holding VI, a special-purpose acquisition company founded late last year by investment firm the Gores Group, Bloomberg News reported. The companies confirmed the arrangement in a press release Monday morning.

The deal is expected to close in the second quarter of 2021. The new company will be known as Matterport Inc., and will list on Nasdaq under MTTR. The transaction would value the combined company at more than $2 billion, according to Bloomberg.

Virtual walkthroughs of properties have become increasingly popular during the pandemic, especially in areas of the country where in-person showings were prohibited for a period of time.

Matterport’s 3D technology is used in more than 130 countries by clients, which include Redfin and Marriott International. The company has raised $168 million and was valued at $355 million in 2019. Its investors include DCM Ventures and the venture arms of Advanced Micro Devices and Qualcomm.

The SPAC frenzy that has gripped investors in the past

BOA Acquisition Plans Real Estate Technology SPAC

Already in 2021, the trend of special purpose acquisition companies (SPACs) has continued so swiftly that it may dwarf the activity that took place in 2020. These “blank check” companies are used to raise money for a variety of companies across many different sectors, including real estate.

Already this year, we’ve seen Simon Property Group (NYSE: SPG) create a SPAC, and a proptech start-up, Latch, was acquired by Tishman Speyer’s SPAC. The newest SPAC with an eye on real estate is BOA Acquisition, which announced its intentions last week with the filing of an S-1. BOA seeks to raise up to $175 million in its initial public offering.

The reason this SPAC may have real estate on its radar is that the chairman of the company is Scott Seligman, chairman of The Seligman Group, a company that specializes in acquisition and management of commercial and residential properties across the United States. The Seligman Group portfolio includes a variety of real estate types, including malls, industrial buildings, offices, and hotels.

The details on BOA

BOA Acquisition is offering shares of Class A stock for $10 per share along with one-half of one redeemable warrant.

‘Shadow’ Real Estate Inventory May Spell Good Deals For New York City Renters

NEW YORK (CBSNewYork) – Despite a mass exodus during the pandemic, many apartment buildings are not listing all available apartments – but some renters are finding hidden gems, with a little bit of digging.

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Alison Raisian, a marketing professional, recently moved into a new apartment with more space than her previous one, plus a rent savings of more than $200.

Her studio was $2,759 a month. Now, for a one bedroom, she pays $2,533 – in the same building.

“It took some digging to find that there are more apartments out there, even just in my own building.” Raisian told CBS2’s Dave Carlin.

More: Mayor Bill De Blasio, Moving Companies Weigh In On NYC Real Estate Debate: How Many People Are Leaving The City?

Four units there were listed online as available. But then, going floor by floor and talking to fellow residents and staff, she learned many more were empty.

“They were saying 6{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} vacancy publicly, but then it was speculated that it was 18{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c},” Raisian said.

“I think there is a widespread acceptance among a lot of landlords now that the market has changed,” said Erin Hudson, real estate reporter at The Real Deal.

People

Will Inflation Accompany Recovery? What Real Estate Investors Should Consider

A bunch of cash and finally some ways to spend it sound like a formula for inflation as America begins to recover from the pandemic.

“Between the closed theaters and restaurants, the prices slashed by airlines and half-empty hotels, and the government benefits paid or in the pipeline, Americans may have as much as $2 trillion in extra cash socked away by this spring,” Reuters said in a piece it posted ahead of the late-January meeting of the Federal Open Market Committee (FOMC).

That piece included this quote from Fed Chair Jerome Powell from earlier in January: “As people return to their normal lives … there could be quite exuberant spending, and we could see upward pressure on prices.”

Fed chair expects ‘transient’ inflation, will tolerate above 2{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} for a while

Well, the typical response to inflation is to make money more expensive — i.e., raise interest rates — but instead, the FOMC’s two-day meeting on Jan. 25-26 resulted in the Fed announcing on Jan. 27 that it would keep interest rates near zero and that it would continue to buy massive quantities of bonds each month.

Powell did say that he expects to see inflation move higher