Passive houses, which have been around in Europe but never really caught on in the United States, are basically built around the idea of making houses airtight, super-insulated and energy efficient. The goal: a house that creates nearly as much energy as it consumes. Think of being able to keep your house warm without a traditional big furnace, cool with no air conditioning unit.
Lightstone Value Plus Real Estate Investment Trust Inc. (LVPR) recently acquired two Baton Rouge hospitality assets, paying $15.6 million for a Courtyard and Residence Inn—both Marriott-branded hotels. LVPR, a public, non-traded REIT, had been in negotiations with the seller since 2012 and had locked in the acquisition price several months ago, avoiding the currently rising market prices.