A joint venture between two Fundrise-sponsored funds has acquired a community of 185 rental homes in North Las Vegas at a purchase price of approximately $80 million.
The S&P 500 just came out of its worst week since March 2020 and is still down by over 21% from the beginning of the year, with a move downward from 4,800 to under 3,800.
The Real Estate Select Sector SPDR Fund (NYSEArca: XLRE) has dropped from $51.50 to $39.75, down about 22.5% for the year.
In another challenging week for the markets where the Nasdaq dropped nearly 4%, insiders once again significantly stepped up their insider purchases for a third week in a row. We saw an increase across all three dimensions, number of unique insiders buying shares, the number of companies with insider buying and the absolute dollar amount of purchases.
Large investors have dominated the commercial real estate market for practically ever, while average individuals have typically been able to find opportunities in the single-family and small multifamily space fairly easily.