National

CalTier has introduced a REIT targeting multifamily real estate, with a goal of raising $500 million in capital. CalTier REIT I will target Class A and B multifamily properties across the U.S., spanning California, Texas, Florida, Virginia, Arizona, and Utah. The REIT will focus on recently constructed, well-maintained core assets chosen for their condition, tenant ...

Arbor Realty Trust has closed a $1.15 billion repurchase facility with JPMorgan Chase Bank. The company is transferring $1.43 billion in assets into this facility, including $1.34 billion from two existing collateralized loan obligations (CLOs), Arbor Realty CLO 2021-1 and 2021-2, which are set to be redeemed today. The repo line provides Arbor Realty Trust ...

The NAHB/Wells Fargo Housing Market Index (HMI) dropped to 39 in March, its lowest level in seven months, from 42 in February, missing the consensus estimate of 42, as homebuilder sentiment weakened under the pressure of potential tariffs driving up construction costs. The survey indicated that homebuilders expect tariffs to increase costs by $9,200 per ...

PepsiCo has unveiled plans to acquire poppi, a prebiotic soda brand, for $1.95 billion, with a net purchase price of $1.65 billion after factoring in $300 million in expected cash tax benefits. The agreement also includes potential earnout payments tied to performance milestones. The deal strengthens PepsiCo’s foothold in the healthy drinks market as repeated ...