Yet Another Acquisition: Healthcare Trust Makes $40M Deal
Healthcare Trust of America is continuing its medical office building spending spree.
Fitch: Improved Liquidity May Have U.S. Equity Reits Shifting to Offense
According to a special report by Fitch Ratings, the liquidity picture is brightening for U.S. equity REITs.
Inland Western Gets $449M in Secured Loans, Extensions
Inland Western Real Estate Trust said Tuesday that it has obtained mortgages payable proceeds of $394.7 million and closed on $54.7 million in multi-year loan extensions.
Economy Watch: Brookfield Aims to be GGP Stalking Horse
General Growth Properties Inc. has filed documents with the U.S. Bankruptcy Court for the Southern District of New York describing its proposed deal with Brookfield Asset Management, Pershing Square Capital Management and Fairholme Capital Management.
Behringer Harvard Gets $150M Credit Line
Behringer Harvard said on Wednesday that it has closed a $150 million Freddie Mac credit facility for Behringer Harvard Multifamily REIT I, Inc.
Healthcare Trust Snaps Up $45M MOB Portfolio
Healthcare Trust of America has just laid down $45 million for a five-building, 260,500 square-foot medical office portfolio in Evansville and Newburgh, Inc.,
KBS REIT Buys Three Buildings Totaling 283,559 SF
KBS REIT II has added three Class A industrial/flex space buildings totaling 283,559 square feet to its portfolio. All three buildings are located at the Plano Business Park in Plano, Tex., 19 miles north of downtown Dallas.
Rufrano Resigns From GGP Board to Avoid Conflict of Interest
Glenn Rufrano has resigned from the General Growth Properties Board of Directors due to his recent appointment as president and chief executive officer of Cushman & Wakefield Inc.
PREIT Advances Capital Plan with New $670M Credit
In the current lending climate, it’s a rare occasion that a REIT can obtain over half a billion dollars in financing, but Pennsylvania Real Estate Investment Trust has done just that. The Philadelphia-based retail REIT recently got its hands on a $670 million secured credit facility. But, according to PREIT, the coup had nothing to do with the slow thawing of the credit markets.
Economy Watch: GGP on its Feet?
Chicago-based General Growth Properties Inc. may be able to sidestep Simon Property Group and other unwanted suitors under a formal proposal made on Monday by Fairholme Capital Management L.L.C., one of its largest unsecured creditors, and Pershing Square Capital Management, one of GGP’s largest equity holders and a significant unsecured creditor as well.
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