Mortgage Lender Becomes Acquirer, Fannie Mae Says Good Apartment Deals Harder To Find, Higher Rates Chill Market

Mortgage Lender Becomes Acquirer: A subsidiary of commercial mortgage real estate investment trust FS Credit Real Estate Income Trust has acquired 555 S. Aviation Blvd., a 259,754-square-foot Class A office building in El Segundo, California, for $205.5 million, according to securitized loan originator Natixis Corporate & Investment Banking. Natixis financed the lending REIT’s first property purchase, which comes at a time of a slowdown in property transactions. A prolonged period of fewer deals could have more lenders competing for acquisitions.