MassHousing and the Massachusetts Housing Investment Corporation have established a new $50 million Equitable Developers Fund to provide enterprise-level financing to developers from socially and economically disadvantaged backgrounds and communities. The fund represents the largest publicly-led financing program of its kind in the country. “This is the first time I’ve actually seen a program meet …
Shares of Rivian Automotive Inc. suffered the worst week since going public, following the electric-vehicle (EV) maker’s recent earnings report. That selloff has been especially impactful for Amazon, one of Rivian’s most high-profile corporate investors. Amazon.com Inc. is Rivian’s largest shareholder, with a stake of about 158.4 million shares, or 16.6% of the shares outstanding. …
The Boardwalk, a two-phase short-term rental condominium under construction in Traverse City, Michigan, received nearly $4 million in C-PACE financing through PACE Loan Group. The first phase received $1.7 million in early 2023 and has an expected completion date in March 2024; the second phase received $1.8 million and begins construction this month with an …
EPIC Companies, a North Dakota-based real estate investing & development firm, announced the launch of Vision REIT by EPIC, a real estate investment trust that provides investment opportunities to accredited investors in multiple real estate developments in North Dakota and across the Upper Midwest. Vision REIT properties will be managed by EPIC’s management team with …
