Forward AFFO Payout Ratios
With $560M Deal, CubeSmart is Metro NYC’s Top Self-Storage Owner
The company just signed a deal to purchase a 1.6 million-square-foot collection of premier properties in metropolitan New York City from Storage Deluxe.
Jersey City Office Tower Commands Record $378M for Brookfield
Multi-Employer Property Trust, a national real estate equity fund, raises its profile in the metropolitan New York City market.
STORE Capital Seals $105M Sale-Leaseback Deal with O’Charley’s
The deal involves 50 of O’Charley’s Inc.’s 342 restaurants.
GGP Reaches Refinancing Goals with $966M of New Mortgages
The four most recent transactions bring GGP’s refinancings to $3.9 billion for the year.
Grubb Sells Interest in Alesco Global Advisors to Lazard Asset Management
Grubb & Ellis continues to bolster its balance sheet, closing the sale of Alesco Global Advisors to Lazard Asset Management L.L.C.
Grubb REIT to Acquire 10-Facility Nursing Portfolio for $166.5M
One of the investment vehicles of Grubb & Ellis, the firm’s Healthcare REIT II Inc., has just entered into an agreement to purchase the 10-property Southeastern Skilled Nursing Family portfolio for $166.5 million.
DLA Piper Panelists: REITs Doing Well, but the CRE Market is Mostly Brutal
On the final day of the DLA Piper Global Market Summit in Chicago, panelists were honest about what scares them in CRE market trends but pointed out that REITs are still a bright spot for the industry.
Phillips Edison, CBRE JV to Purchase $200M of Grocery Assets
Phillips Edison, a shopping-center REIT, and CB Richard Ellis have jointly invested $102 million in equity for the purchase of grocery-anchored shopping centers nationwide.
WRIT Purchases 345 KSF Suburban D.C. Office for $101M
A week after closing the first phase of a $350 million industrial portfolio, Washington Real Estate Investment Trust has sprung for the all-cash acquisition of Braddock Place, a 345,000-square-foot office complex in the Old Town section of Alexandria, Va.
Prudential’s Rick Romano on REITs, CMBS
Rick Romano, a vice president with Prudential Real Estate Investors, sat down with Commercial Property Executive to discuss his firm’s outlook for the rest of 2011.