JF3394: How Renters Use TikTok to Defraud Landlords ft. Jarred Schenke

<p dir="ltr">Welcome the the Best Ever midweek news brief, a new series where we will highlight the top headlines CRE investors should be paying attention to this week, followed by a deep dive on a larger news topic or trend alongside a CRE expert.</p> <p><strong> </strong></p> <p dir="ltr"><strong>Today’s Headlines:</strong></p> <p dir="ltr"><a href= "https://news.bloomberglaw.com/mergers-and-acquisitions/lennar-eyes-4-5-billion-us-apartment-sale-in-test-of-market"> $4.5B Portfolio for Sale</a>: Lennar has put a massive 11,000-unit multifamily portfolio up for sale. The portfolio is spread across 38 properties in 15 states and is valued at a staggering $4.5 billion. JLL has been tapped to manage the sale.</p> <p dir="ltr"><a href= "https://www.wsj.com/real-estate/commercial/the-great-american-warehouse-building-boom-is-over-eff6d7e4"> Bye Bye, Boom</a>: Warehouse construction starts have plunged 48%, the steepest drop since 2009, all while industrial real estate sales at large fell by 45% in Q3, prompting the Wall Street Journal to declare that the Great American Warehouse Building Boom is over.</p> <p dir="ltr"><a href= "https://www.globest.com/2023/12/19/data-show-industrial-multifamily-still-in-correction/"> Retail’s Heating Up</a>: Office real estate posted a third consecutive month of pricing gains while retail thrived, posting a fourth straight month of pricing gains and an average occupancy rate of nearly 86%, its highest since October 2022, according to Crexi data.<strong><br /></strong></p> <p dir="ltr"><strong>Today’s Guest:</strong> Jarred Schenke is a veteran commercial real estate journalist and currently writes for Bisnow. Recently, <a href= "https://www.bisnow.com/national/news/multifamily/how-tiktok-instagram-are-fueling-apartment-application-fraud-into-overdrive-121895"> he researched and wrote a piece</a> about how when it comes to multifamily, renter application fraud has gained significant momentum in 2023, largely due to three key factors:</p> <ol> <li dir="ltr" aria-level="1"> <p dir="ltr"