Forward AFFO Payout Ratios
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.
REITs Rule Today’s Market—Under the Right Circumstances
It’s a good time to be a REIT, but the opportunities today are not for everyone. That was the message from speakers at the NYU Schack Institute of Real Estate 16th Annual REIT Symposium, hosted yesterday at the Pierre Hotel in New York City.
AMB Closes 361,200 SF of New Leases in Asia
The industrial REIT inked seven leases in Japan and China, with 210,100 square feet at distribution centers in Tokyo and 151,000 square feet at development projects in Shanghai and Dalian.
Health Care REIT, Benchmark Close $890M JV
The group of assets involved–including independent living, assisted living, memory impaired and respite stay communities–are sited in highly coveted markets in six New England states.