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  • Trump picks Pam Patenaude to serve as HUD deputy secretary

    HousingWire Woman of Influence Pam Patenaude was originally shortlisted to serve as the Secretary of the Department of Housing and Urban Development. That position ended up going to Ben Carson, as HousingWire first reported. Now in another HousingWire first, President Donald Trump plans to install Patenaude in the true position of power at HUD – deputy secretary. Click the headline to read more.

Investments The Ticker

American Realty Capital buys another REIT

American Realty Capital Properties will offer to buy Cole Credit Property Trust III for $5.7 billion in cash and stock.

The goal is to create the biggest publicly traded real estate investment trust in the net lease sector — an agreement where the tenant pays property taxes, building insurance and maintenance in addition to rent.

 

Source: Reuters
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