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Wells Core REIT Acquires 584 KSF Office Center in Atlanta
Wells Core Office Income REIT has acquired a two-building office and data center in the Central Perimeter submarket of Atlanta from Rubenstein Partners for $119 million. It was Atlanta’s biggest lease of 2012.
Griffin-American Healthcare REIT Continues Expansion with $184M in Acquisitions
The Griffin-American Healthcare REIT II more than tripled its portfolio in 2012 with acquisitions totaling $866 million, including 14 properties purchased in December for $184 million.
Summit Closes Three Hotel Purchases for $72M
Avoiding the end-of-year fog that plagues so many, Summit Hotel Properties kept busy in late December and wrapped up a few acquisitions before 2012 came to a close.
Health in Healthcare
(U.S. REIT dividend yield by sector) By Jason Lail REITs are required to pay out 90 percent of their taxable income in dividends; hence, dividend yield is an important metric to look at when evaluating REIT stocks. As of Nov. 1, healthcare REITs provided the highest dividend yield among all sectors at 4.87 percent. Three healthcare REITs—Omega Healthcare Investors, Care Investment Trust and Senior Housing Properties Trust—provided dividend yields greater than 7 percent, with Omega Healthcare Investors leading the way at 7.59 percent. Omega Health Investors has steadily increased its dividends during 2012, moving from a 41 cents payout…
Kilroy to Develop 587 KSF Silicon Valley Office Project for LinkedIn
Kilroy Realty has acquired a 12-acre parcel in Sunnyvale, Calif., where it will build a 587,000-square-foot office complex for popular professional network LinkedIn, under a 12-year leasing agreement and development deal worth $315 million.
Special Report: Off-Campus Housing to Remain Supply Constrained for Foreseeable Future
Campus Crest Communities provided valuable insight on trends impacting the student housing industry earlier this week at its 2012 Investor Day, held in the NYSE boardroom.
American Realty Capital Properties to Acquire ARCT III for $2B
American Realty Capital Properties Inc. and American Realty Capital Trust III Inc., two separate net-lease REITs that count investment advisory firm American Realty Capital as their original sponsor, will soon become one.
KBS Strategic Expands Houston Portfolio
If KBS Strategic Opportunity REIT’s actions within the last week indicate anything, it’s that the real estate investment concern is keen on Houston.