REITs
Sandy Hits CRE via Power Outages, Flooding
By Anna Spiewak, News Editor: Hurricane Sandy may have visited the tri-state area for only a span of one day, but the aftermath of damage cleanup will last for weeks, according to some.
Pebblebrook Grabs Hotel Palomar San Francisco for $58M
Pebblebrook Hotel Trust has added a fourth San Francisco hotel to its portfolio with the acquisition of Hotel Palomar San Francisco.
Phillips Edison–ARC REIT Buys 157 KSF Grocery-Anchored Center in Metro Cleveland
Phillips Edison–ARC Shopping Center REIT has acquired Brook Park Plaza, a 157,000-square-foot shopping center anchored by a Giant Eagle grocery store in Brook Park, Ohio, a suburb of Cleveland.
American Campus Communities to Acquire $863M in High-Quality Assets
ACC continues to add to its student housing stock around the United States, acquiring 19 properties with 12,049 beds for $863 million from affiliates of Kayne Anderson Capital Advisors L.P.
Inland’s Newest Non-listed REIT Begins IPO
Non-listed Inland Real Estate Income Trust has begun selling $1.5 billion in common stock in connection with its initial public offering.
SL Green JV Recapitalizes 4.5 MSF West Coast Office Properties
East Coast office giant SL Green Realty formed a joint venture to recapitalize a 31-property office portfolio in Southern California.
Griffin-American Healthcare REIT Acquires Six Buildings for $109M
The healthcare REIT’s addition of the latest six buildings brings its total portfolio value to approximately $1 billion, based on the amount paid for the 121 buildings in 26 states.
Growth Prospects
(SNL U.S. REIT index price/LTM FFO [x])
New Money
(U.S. equity REIT year-to-date common equity offerings; $ in millions)