Dividend Yield
RioCan to Acquire Regional Malls in Greater Toronto Area
RioCan Real Estate Investment Trust has entered into a conditional agreement with Primaris Retail REIT to acquire two regional shopping malls in the Greater Toronto Area (GTA) for a combined gross purchase price of approximately $362 million.
Blackstone to Buy UBS’s Majority Stake in 40-Property Retail Portfolio
Blackstone Group L.P. is on the verge of snapping up a majority interest in 40 high-quality shopping centers. UBS, which co-owns the collection of U.S. retail properties with Kimco Realty Corp., will sell its controlling interest to Blackstone for $1.1 billion.
KBS REIT III Buys Downtown Minneapolis Office Building for $118M
KBS Real Estate Investment Trust III has acquired the RBC Plaza, a 678,045-square-foot, mixed-use office building in downtown Minneapolis, from Brookfield Office Properties for $118 million.
Phillips Edison–ARC Shopping Center REIT Acquires 508 KSF Shopping Center Portfolio in Atlanta
Phillips Edison-ARC Shopping Center REIT has started the new year where it left off in 2012 – with another acquisition – a portfolio of six grocery-anchored shopping centers in the Atlanta area, which the Cincinnati-based REIT acquired for $60.5 million.
$7B REIT to Emerge from Spirit, Cole Merger
There are advantages to being one of the big kids on the block and Spirit Realty Capital and Cole Credit Property Trust II Inc. are about to join forces to become part of the higher echelon of publicly traded net-lease REITs.
Wells Core REIT Acquires 584 KSF Office Center in Atlanta
Wells Core Office Income REIT has acquired a two-building office and data center in the Central Perimeter submarket of Atlanta from Rubenstein Partners for $119 million. It was Atlanta’s biggest lease of 2012.
Griffin-American Healthcare REIT Continues Expansion with $184M in Acquisitions
The Griffin-American Healthcare REIT II more than tripled its portfolio in 2012 with acquisitions totaling $866 million, including 14 properties purchased in December for $184 million.
Summit Closes Three Hotel Purchases for $72M
Avoiding the end-of-year fog that plagues so many, Summit Hotel Properties kept busy in late December and wrapped up a few acquisitions before 2012 came to a close.