Forward AFFO Payout Ratios
KBS Strategic Expands Houston Portfolio
If KBS Strategic Opportunity REIT’s actions within the last week indicate anything, it’s that the real estate investment concern is keen on Houston.
HFF Closes $86M Sale of Orbital Sciences Campus in Sterling, Va.
Orbital Sciences Corp., a satellite manufacturer, has a new landlord at its global headquarters in northern Virginia. Select Income REIT has bought the Orbital Sciences Campus, a three-building Class A office campus in Sterling, Va., for $86 million.
Apple REIT Six to Merge with Blackstone Affiliate in $1.2B Deal
Less than one month after rejecting an unsolicited tender offer by a group led by MacKenzie Capital Management, Apple REIT Six has signed a deal to be acquired by BRE Select Hotels, an affiliate of Blackstone Real Estate Partners VII.
NYRR to Purchase 149 KSF NYC Office Tower for $65M
American Realty Capital New York Recovery REIT Inc. has been doing quite a bit of buying over the last couple of months and now it is on the verge of adding a fully leased Manhattan office property to its portfolio.
Hersha Hospitality Closes $400M Senior Unsecured Credit Facility
Just weeks after announcing its acquisition of a new midtown Manhattan hotel for $74 million, Hersha Hospitality Trust has closed on a $400 million senior unsecured credit facility that can expand to $550 million.
Behringer Harvard Sells M-F Property in Fort Lauderdale Metro Area
Behringer Harvard has sold Parrot’s Landing, a 560-unit multi-family community situated on a 29-acre site in North Lauderdale, Fla., to a Toronto-based real estate investment company.
Vornado’s Sale of Philly Property Tied to Mall Redevelopment
Although Vornado is staying mum, and the chaos wrought by Hurricane Sandy didn’t help, the substance behind the REIT’s announcement earlier this week that it was selling four buildings is becoming clearer.
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.