Regions
HTI to Buy Sibling’s Portfolio for $120M
Following the transaction’s closing, American Realty Capital Healthcare Trust III expects to liquidate and dissolve. The sale comprises 19 properties totaling approximately 468,000 square feet.
Courtyard Philadelphia to Join Autograph Collection
The 499-key hotel is listed on the National Register of Historic Places. Marriott will continue to manage the property after its conversion.
LTD Debuts Newest Holiday Inn Express in VA
LTD Hospitality Group owns and manages the Chesapeake hotel, which is franchised by an affiliate of IHG. The 101-key rebranded property underwent extensive renovations.
What’s Next for Emerging Tech Hubs?
Tech companies seeking new office locations should look for “hidden gems”—markets of opportunity with lower costs and a large talent pool, according to JLL’s latest report.
AEG Joins Southwest Values’ Nashville Yards Development
The project will be anchored by a 4,000-capacity music venue, a 240-key boutique hotel, a flagship Regal Cinemas luxury theater and a 700-capacity live entertainment club.
Oakland 278 KSF Office Tower Changes Hands
In a partnership with KRR’s Real Estate Partners Americas Fund, Harvest Properties acquired a 15-story building in Oakland, Calif. The property is located directly across from Lake Merritt and its adjoining park.
Kilroy Realty Taps CIO
Steve Rosetta will oversee the company’s strategic growth, including acquisition and disposition activities, with a specific focus on the company’s development opportunities and large office and life science transactions.
Non-Traded REITs: Go Mainstream or Die
Fundraising for the sector fell in 2016 due to the combination of impending regulatory changes and lackluster performance, notes Yardi Matrix Associate Director of Research Paul Fiorilla. The sector must continue to lower fees and improve liquidity to attract new investors.
Single-Tenant Net Lease Volume Down in 1Q
Single-tenant net lease transaction volume hit $12.9 billion in the first quarter of 2017, down from $18.8 billion in last year’s fourth quarter, according to Real Capital Analytics data.
All About Equity Waterfalls, Part 2
Profit distribution waterfalls and joint venture structures are common investments in commercial real estate, but they are also complex and require trade-offs for both investors and developer/sponsors, notes Avison Young Principal Jay Maddox. Part 2 of 2.