Real Estate

CoStar Group (CSGP) reported strong Q2 2025 results, with revenue up 15% to $781 million. Adjusted EBITDA surged 108% to $85 million. Apartments.com drove net new bookings to a record $93 million, up 65% from Q1. Homes.com’s sales team grew significantly, and member agents secured 62% more listings. “Boost” was launched on Homes.com, enhancing property exposure. CoStar raised its full-year revenue guidance to $3.135-$3.155 billion and adjusted EBITDA to $370-$390 million. They expect Q3 revenue between $800 to $805 million

A Weibo debate ignited by #AdviceAgainstBuyingCarsAndHousesBefore35 centers on a content creator’s suggestion to postpone major purchases until one’s mid-thirties, advocating for renting and stock market investments instead. This strategy aims to accumulate wealth, prioritizing experiences initially and later utilizing savings for housing or entrepreneurship. Critics argue against the anti-car stance, emphasizing the value of personal transportation for broadening horizons. The discussion highlights the tension between immediate gratification and long-term financial security for young adults.

Strategic Storage Growth Trust III (SSGT III) and SmartStop Self Storage REIT are launching Blue Door Property II, DST, a new investment vehicle targeting the self-storage market. Blue Door II offers accredited investors access to three debt-free properties in Orlando, Florida, and Pasadena and Corinth, Texas, seeking to raise $64.8 million. The DST structure provides potential tax advantages, particularly for 1031 exchanges. SSGT III focuses on acquiring growth-oriented self-storage facilities, while SmartStop owns or manages 229 properties across the US and Canada. This is not an offer to sell securities.

OFA Group (Nasdaq: OFAL) plans to acquire a 60% stake in Aspire Homes Realty and RateDNA, a real estate and lending platform, to expand its revenue streams. This strategic move aims to leverage the acquired team’s expertise and drive growth in residential real estate and specialty lending markets. The acquisition, expected to offer integrated services and investor-focused mortgage products, is subject to risks outlined in forward-looking statements.

Four Corners Property Trust (FCPT) has acquired four Cheddar’s Scratch Kitchen locations for $14.7 million. The net-leased properties, located in Kentucky, Indiana, and Virginia, are corporate-operated with long-term, triple net leases. The acquisition, completed at a consistent cap rate, aligns with FCPT’s strategy of expanding its portfolio of quality restaurant and retail assets and securing reliable, long-term revenue.

Former “Journey to the West” actor Chi Chongrui, known for his Tang Sanzang portrayal, is now marketing a luxury Beijing real estate project. The move, near the Forbidden City, sparked online amusement, highlighting his pivot into a new career. His wife, real estate tycoon Chen Lihua, provides a rich foundation for this venture. Chi’s move reflects his adaptation to changing markets, seeking to leverage his celebrity status.

Mag Mile Capital secured a $10.25 million joint venture equity deal for an office-to-multifamily conversion project in Chicago’s River North. The project at 111 W. Illinois will transform a Class A office building into 153 apartments and the deal closed in late May 2025 with equity from a Chicago-based institutional partner. This highlights a significant shift in the real estate landscape.

Ready Capital Corporation announced upcoming Q2 2025 dividends. Common stockholders will receive $0.125 per share, payable July 31, 2025. Series C and E Preferred stockholders will receive $0.390625 (July 15, 2025) and $0.40625 (July 31, 2025) per share, respectively. The real estate finance firm’s strategy focuses on lower-to-middle-market commercial real estate, offering diverse loan products.

Newmark Group arranged a $675 million refinancing for Independence Plaza, a 1,328-unit residential complex in Manhattan’s Tribeca neighborhood, on behalf of Vornado Realty Trust and Stellar Management. This deal highlights investor confidence in the New York City multifamily market. Vornado and Stellar are key players in NYC real estate, with Vornado also focusing on sustainability. Newmark’s global presence and financial performance are also noted.

Encore Enterprises acquired a Class B medical office building in Dallas for $7 million, demonstrating resilience in a challenging market. The financing comes from Cadence Bank, marking a new partnership. The acquired property at 16980 N. Dallas Parkway will also become Encore’s new headquarters, expanding its portfolio to 27 properties.