Healthcare Trust Goes on $84M MOB Shopping Spree
When it comes to occupancy levels, the medical office building sector has been faring a great deal better than the traditional office market, and Healthcare Trust of America Inc. is doing its level best to enhance its portfolio at a time when many office property owners are still sitting on the sidelines.
Healthcare Trust of America Acquires 54,800 SF Medical Office Portfolio for $10.5M
Healthcare Trust of America, Inc., on Thursday announced its acquisition of a Pearland, Tex. medical office portfolio for $10.5 million. The purchase expands the real estate investment trust’s Texas portfolio to more than one million square feet.
Starwood to Acquire $503M Loan Portfolio
Real estate finance and investment REIT Starwood Property Trust announced on Friday that it will acquire a $503 million portfolio of performing commercial loans from TIAA-CREF.
GGP to Simon: $10B Offer ‘Not Sufficient’
General Growth Properties has a message for fellow mall operator Simon Property Group: Thanks, but you’ve got competition.
Simon Makes $10B Bid for GGP
As troubled shopping-mall REIT General Growth Properties struggles to regain its footing after bankruptcy reorganization, a possible buyer has emerged in the form of fellow mall owner Simon Property Group.
Lone Star Funds Rescues Long-Suffering Lodgian with $270M Acquisition
Hotel firm Lodgian Inc. has a new lease on life after a $270M cash infusion from Lone Star Funds.
JLL Report: Cautious Optimism for 2010
The firm’s January Global Market Perspective contends that we have reached or are near the bottom — but that a slow recovery is at hand.
Compelling Opportunities in International Real Estate
Investors in U.S. REITs and other U.S. property companies should consider investing in publicly traded REITs and property companies abroad. Within developed markets globally, the aggregate equity market capitalization of this sector totals $600-plus billion, two thirds of which are outside of the United States. My team and I continue to identify very compelling investment opportunities in international markets and encourage investors to consider “going global” as part of their real estate allocations.
Dog Days of Distress
Long lines of cash-rich investors, including REITs, are forming around what some believe could be the biggest distressed debt sales market since the days of the U.S. savings-and-loan crisis, but Ernst & Young L.L.P.’s latest survey of those investors suggests this market won’t follow quite the same pattern it did in the 1990s.
Apartment REITs See Record Jump in Returns
While it’s probably early to label it a full-fledged resurgence, apartment REITs bounced back in a big way last quarter. The National Association of Real Estate Investment Trusts reported that the FTSE NAREIT All REITIndex was up 31.52 percent in the third quarter–the index’s best-ever quarterly gain–bringing year-to-date total returns to 17.73 percent through Sept. 30.
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