Bank branch portfolio sale, college endowments take a beating: The National Observer Oct. 28, 2022


Good morning, readers.

Our top story today involves a big real estate deal that stems from a trend in the banking sector. As consolidation swept across banks in the U.S., it left many local branches to close, the buildings sitting vacant in prime real estate.

Now an investor has swept up a portfolio of such properties in a deal worth hundreds of millions of dollars. Read on to learn more about that, what's happening with college endowments, life sciences trends to watch and more.

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