Blackstone Strikes $1.6 Billion Student Housing Deal With KKR
Blackstone Inc. agreed to sell a student-housing portfolio to KKR & Co. for $1.64 billion.
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Blackstone Inc. agreed to sell a student-housing portfolio to KKR & Co. for $1.64 billion.
Adler Group SA has reached an agreement in principle with some bondholders on another overhaul of its debtload, as the embattled German real estate firm struggles to sell properties and raise liquidity.
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Sep 12, 2019
BNN Bloomberg
Liberal Party Leader Justin Trudeau said if re-elected his government would introduce new measures aimed at improving housing affordability, which would include a federal speculation tax on non-residents.
Trudeau said the one-per-cent annual levy would be modelled after the foreign buyers’ tax already in place in British Columbia. Ontario also implemented a similar tax under the previous provincial Liberal government.
In the announcement made from Victoria, B.C. on Thursday, Trudeau also said he would increase the value of a qualifying home in certain markets for the First-Time Home Buyers Incentive that was implemented earlier this month.
The cap on a qualifying home under the plan would increase to about $800,000 from $500,000 on homes in Toronto, Vancouver and Victoria if the Liberals win their re-election bid and would take effect in November.
Trudeau’s announcement came one day after he officially triggered the election campaign.