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Just 36 real estate brokerages and teams made the Inc. 5000 in 2023

Housing Wire

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. Rank Company Growth (3-yr Avg.)

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Redwood Trust to close $85M in debt offering

Housing Wire

Real estate investment trust Redwood Trust is expected to close on Monday on the offering of $85 million in debt, following on the heels of other companies in this space. Redwood’s unsecured debt consists of senior notes due in 2029 that pay 9% annually. The offering can be increased by $12.75

Investing 441
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Anywhere Real Estate reports $19M in Q2 net income

Housing Wire

The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. After posting a net loss of $138 million in Q1 2023 , the real estate conglomerate rebounded to report $19 million in net income for the second quarter. second lien secured notes due 2030. “We

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Rithm to offer up to 34.5M shares of common stock in public offering

Housing Wire

Rithm Capital, previously a real estate investment trust (REIT), has changed course to become an asset manager, which resulted in the acquisition of Sculptor Capital Management for $719.8 Earlier this year, the company issued $775 million in senior unsecured notes due in 2029 for qualified institutional buyers. in June 2024.

Investors 430
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Rithm Capital to issue $775M in unsecured debt

Housing Wire

Rithm Capital , a New York-based asset manager with a focus on real estate — and the parent of multichannel lender Newrez — is the latest company in the mortgage space to issue debt. On Monday, Rithm announced its plan to offer $775 million in senior unsecured notes due in 2029 for qualified institutional buyers.

Investing 450
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Douglas Elliman secures a $50 million growth investment

Housing Wire

In the release, the firm noted that Kennedy Lewis has a history of investing in the residential real estate sector and Douglas Elliman expects that as part of this partnership, the investment firm will tap into its industry expertise, which includes experience in land and homebuilder finance investments.

Investing 444
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Under stress, loanDepot ‘buys time’ with plan to extend $500M debt

Housing Wire

Pennymac also issued new debt last year that will mature in December 2029 and will pay 7.875% annually. And Rithm Capital priced an offering of $775 million in aggregate principal of senior unsecured notes due in 2029 at 8% per year.

Mortgage 484