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Marcus & Millichap to Market Net-Lease Portfolio
The group of 17 properties encompasses 200,000 square feet of retail space and carries a price tag of $77.3 million.
Broad-Based Employment Drives Demand in Tampa
Robust investor interest and broad employment gains are driving demand across asset classes, with population growth leading to higher multifamily occupancy rates and rents, Yardi Matrix data shows.
Oxford Properties JV Nabs Pair of DC Trophy Buildings
The Canadian company partnered with Norges Bank Real Estate Management for the acquisition of the Class A properties. The assets add up to more than 500,000 square feet of core office space.
Harrison Street Opportunistic Fund Raises $1.1B
Fund VI—which will focus on education, health care and storage assets—surpassed its $850 million target by a long shot, with contributions from more than 65 institutional investors.
Ventas Exits SNF Business With $700M Sale
The company has reaffirmed its decision to sell 36 skilled nursing facilities to an affiliate of Blue Mountain Capital Management.
Canadian Fund to Buy Houston REIT in $1.2B Deal
CPPIB will be acquiring Parkway Inc., which has a strong local presence, with an office portfolio of about 8.7 million square feet across 19 properties.
Miami’s Healthy Climate
With substantial job gains and above-average population growth, the metro continues to foster positive fundamentals for multifamily.
Blackstone to Buy Retail REIT for $650M
The group is expanding its footprint in Asia with the acquisition of Croesus Retail Trust, which owns a portfolio of 11 shopping malls in Japan.
Merger of Drugstore Giants Changes Course
Under the new $5.2 billion deal, Walgreens Boots Alliance will purchase 2,186 stores from Rite Aid Co., along with three distribution centers and related inventory.
LA: Affordable Housing Wanted
Continued improvement in the area’s job market and a steady household creation maintain rent growth in contrast to the nationwide cooling trend, Yardi Matrix data shows.