Nontraded REITs paid out $3.7 billion in redemptions in the third quarter. While they were still raising more new funds from investors than they were losing to withdrawals, that marked the highest withdrawal figure in years and a 12-fold increase from the third quarter of 2021.

Fortress Investment Group has agreed to help finance Kushner Cos.’ unsolicited $4.3 billion bid to buy rival apartment building owner Veris Residential Inc.

Investor buying of homes tumbled 30% in the third quarter. Companies bought around 66,000 homes in the 40 markets tracked during the third quarter as compared with 94,000 homes during the same quarter a year ago.

Home sales fell for a ninth straight month in October as high mortgage rates continue to push buyers out of the market.

Americans took out $66 billion in home-equity lines of credit in the second quarter, a 40% increase from a year ago and the largest amount in almost three years.

Miami Beach voters in a series of referendums last week derailed three major real-estate projects from top U.S. developers, reflecting a budding backlash against certain new development plans for the city.

Nationwide, the median sales price of an existing single-family home last quarter was up 8.6% from a year earlier to $398,500, according to NAR, a slowdown from the second quarter’s 14.2% pace.

Office-leasing volume declined 40% in the biggest U.S. cities in the third quarter, compared to pre-pandemic levels.

Real-estate funds managed by private-equity firms have raised $112.8 billion from pension funds and other institutional investors as of Oct. 20. That’s down from $157.9 billion in the same period last year.

Apartment demand in the third quarter was the lowest since 2009, when the U.S. was feeling the effects of the subprime crisis. Measured quarterly, the drop in demand was the worst of any third quarter—normally prime leasing season—in the more than 30 years.