REITs
Simon Offers $2.5B to Match Brookfield Bid for General Growth
In a continuation of the bidding war for bankrupt retail REIT General Growth Properties, Simon Property Group, Inc. on Thursday sent a letter offering to invest $2.5 billion in a General Growth reorganization at the same per share price as the reorganization plan proposed by Brookfield Asset Management.
Former Legg Mason Tower in Baltimore Gets New 94,200-SF Tenant
Law firm Ober|Kaler has just committed to 94,000 square feet at Legg Mason’s onetime home at 100 Light Street, soaking up a noteworthy chunk of the available space at the 520,000-square-foot, Class A office tower.
Yet Another Acquisition: Healthcare Trust Makes $40M Deal
Healthcare Trust of America is continuing its medical office building spending spree.
Fitch: Improved Liquidity May Have U.S. Equity Reits Shifting to Offense
According to a special report by Fitch Ratings, the liquidity picture is brightening for U.S. equity REITs.
Inland Western Gets $449M in Secured Loans, Extensions
Inland Western Real Estate Trust said Tuesday that it has obtained mortgages payable proceeds of $394.7 million and closed on $54.7 million in multi-year loan extensions.
Behringer Harvard Gets $150M Credit Line
Behringer Harvard said on Wednesday that it has closed a $150 million Freddie Mac credit facility for Behringer Harvard Multifamily REIT I, Inc.
Healthcare Trust Snaps Up $45M MOB Portfolio
Healthcare Trust of America has just laid down $45 million for a five-building, 260,500 square-foot medical office portfolio in Evansville and Newburgh, Inc.,
KBS REIT Buys Three Buildings Totaling 283,559 SF
KBS REIT II has added three Class A industrial/flex space buildings totaling 283,559 square feet to its portfolio. All three buildings are located at the Plano Business Park in Plano, Tex., 19 miles north of downtown Dallas.
Rufrano Resigns From GGP Board to Avoid Conflict of Interest
Glenn Rufrano has resigned from the General Growth Properties Board of Directors due to his recent appointment as president and chief executive officer of Cushman & Wakefield Inc.