Dividend Yield
Lingerfelt Snaps Up Liberty Property Portfolio for $100M
Lingerfelt Cos. increased its large presence in the greater Richmond, Va., area by a whopping 919,000 square feet in one fell swoop with the purchase of a 14-building office and flex portfolio from Liberty Property Trust.
Behringer Harvard Sells 390-Unit San Francisco Apartment Property for $110M
Behringer Harvard just sold Waterford Place, a 390-residence apartment community in Dublin, Calif., for approximately $110 million. But it remains interested in the San Francisco market.
SL Green, Vornado Maintain Majority Stake in Recapitalization of 280 Park
Broadway Partners and Investcorp have announced a recapitalization and redevelopment of 280 Park Ave. in Manhattan that retains their majority stake while placing the total capitalization of the Class A asset at an estimated $1.4 billion.
DiamondRock to Shell Out $335M for Radisson Lexington Hotel
The lodging REIT signed on the dotted line of an agreement to acquire the 712-room room property from Lexington Hotel L.L.C., a partnership involving The Blackstone Group L.P., Whitehall Street Real Estate L.P. XII and Goldman Sachs.
SL Green Takes Over 205,000-SF N.Y. Office Condo
The transaction marks a regaining of space that had been sold at the top of the market to Gotham Realty.
Liberty Property Trust Sells 14 Virginia Properties
The $97 million portfolio, which was sold to Lingerfelt Development, totals 918,889 square feet.
General Growth Refinances Seven Malls to the Tune of $1.7B
The move is in accord with the REIT’s post-bankruptcy goal of reducing outstanding debt.
CBRE Realty Trust-Duke JV Closes on 3 MSF Portfolio
The majority of assets in the entire 20-building group are located in the Midwest, a region that accounts for 72 percent of its total square footage.
Pebblebrook Picks Up Two Pacific Coast Hotels for $161.2M
In a matter of just two days, Pebblebrook Hotel Trust has plumped up its portfolio with two upper-upscale hotels encompassing a combined 639 guestrooms. In separate all-cash deals, the REIT shelled out $110 million for the Westin Gaslamp Quarter in San Diego and $51.2 million for the Hotel Monaco Seattle.
Cash, Stock and the REIT Market: Investment Opportunities Lie Ahead
Investment opportunities are increasing today, but many remain still to be realized, according to discussions during yesterday’s NYU Schack Institute of Real Estate 16th Annual REIT Symposium. Panelists noted that flexible investors may find better opportunities with a little more creativity.