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UAE Wealth Fund Forms U.S. Industrial Real Estate Joint Venture

August 31, 2021 admin

Crow Holdings CEO Michael Levy and Mohammed bin Zayed, crown prince of Abu Dhabi (Crow Holdings, Getty)

An Abu Dhabi-based sovereign wealth fund is betting big to capitalize on the hot industrial real estate market in the U.S.

Mubadala Investment Co. has partnered with Dallas-based real estate investment firm Crow Holdings to develop $1 billion of Class A industrial properties across the country, according to Pensions & Investments.

“Mubadala is seeking to invest directly in industrial real estate in the U.S., and to do so at scale,” Michael Levy, CEO of Crow Holdings, told the publication. “This is a true

Real Estate

Housing price bubble will wipe out wealth, Peter Boockvar warns

August 30, 2021 admin

Investor Peter Boockvar is sounding the alarm on a housing price bubble brought on by the Federal Reserve’s Covid pandemic policies.

He warns first-time homebuyers are most vulnerable to dramatic losses.

“I feel bad for the people who bought homes over the past year because they’re the ones that paid the very elevated prices,” the chief investment officer at Bleakley Advisory Group told CNBC’s “Trading Nation” on Thursday.

He singles out those who put down 5% amid historically low mortgage rates. If home prices correct by 10%, Boockvar sees a world of pain.

‘Their equity is basically wiped out’

“Their

Real Estate