Institutional Investor Reduces Stake in Ares Commercial Real Estate, Rental Yields Soar in Saudi Arabia

Jump Financial LLC lowers stake in Ares Commercial Real Estate Co. Thousands of upgraded properties in Saudi Arabia see rental yield soar by up to 50%. Plus, NYC office buildings consider transforming into residential units and LM Real Estate acquires Charlotte industrial asset.

Sources:
https://www.defenseworld.net/2024/05/25/jump-financial-llc-lowers-stake-in-ares-commercial-real-estate-co-nyseacre.html
https://www.thenationalnews.com/business/property/2024/05/26/saudi-arabia-real-estate-property/
https://nypost.com/2024/05/24/real-estate/64-nyc-office-buildings-are-looking-to-tranform-into-housing/
https://www.commercialsearch.com/news/lm-real-estate-pays-97m-for-charlotte-industrial-asset/

Outline:
(00:00:00) Introduction
(00:00:42) Thousands of upgraded properties in Saudi Arabia see rental yield soar by up to 50%
(00:03:37) 64 NYC office buildings are looking to tranform into residential units
(00:07:07) LM Real Estate Pays $97M for Charlotte Industrial Asset