IRS scrutiny over who qualifies as a real estate professional is a constant. Recent court decisions serve as a strong reminder of the substantiation required to qualify as a real estate professional.
Some of the bigger players are still making deals. But the majority are waiting for market dislocation to work itself out so they can take advantage of the resulting bargains.
The largest commercial real estate brokerage firms reported quarterly losses and forecast more struggles ahead, reports Bisnow. Bain Capital is raising a $4 billion special situations fund that aims to invest in a range of assets, including real estate. These are among the must reads from around the real estate investment world to end the week.
