Forward AFFO Payout Ratios
U.S. Firms Take Stock of Portfolios in Japan
AMB Property Corp., CB Richard Ellis Inc., Simon Property Group and Starwood Hotels & Resorts Inc. all have properties in the stricken nation.
Health Care REIT Buys Genesis for $2.4B
The sales transaction frenzy in the healthcare real estate sector continues as JER Partners and Formation Capital sign on to sell the company, which comes to the table with a portfolio of 147 properties in 11 states.
Ventas Buys Nationwide Health in $7.4B Transaction
The stock-for-stock merger will create the industry’s largest healthcare REIT.
Pebblebrook Buys Argonaut Hotel for $84M
The REIT recently acquired the Argonaut Hotel, a 252-room upper-upscale property in San Francisco, from Maritime Hotel Associates L.P.
Liberty to Develop 205,000-SF Project
GlaxoSmithKline is in the market for a new headquarters facility in Philadelphia and Liberty Property Trust plans to deliver it. At a cost of $81 million, the REIT, along with Synterra Partners, will develop a 205,000-square-foot office building at the Navy Yard Corporate Center for the research-based pharmaceutical company.
ProLogis, AMB Downgraded After Merger Announcement
Fitch Ratings placed ProLogis on Rating Watch Positive, while AMB Property Corp. was placed on Rating Watch Negative. RBC Capital Markets also downgraded ProLogis from “outperform” to sector perform”.
ProLogis, AMB Merger Official
The two industrial powerhouses have agreed to join forces in a merger that is expected to have a pro forma equity market capitalization of $14 billion, a total market capitalization in excess of $24 billion and gross assets owned and managed of $46 billion. The transaction is slated to close in the second quarter of this year.
ProLogis, AMB in Merger Talks
The two firms are considering a potential teaming of equals in which the two firms would combine in an all-stock, at-market transaction.
South Florida Retail Center Fetches $66M in Sale to REIT
New owner Federal Realty Investment Trust cited the property’s densely populated Broward County trade area as well as its significant redevelopment potential.
CNL Acquires 29 Senior Housing Communities
The real estate investment trust marks its entry into the market with a transaction valued at $630 million.