REITs
Spirit Realty Capital Prices Initial Public Offering
The Scottsdale, Ariz.-based triple-net sector REIT launched an initial public offering Thursday, raising approximately $435 million, mostly to be used to pay off debt.
KKR, Beecken Petty O’Keefe, Coastwood Senior Housing to Invest $130M in Sunrise Senior Living
KKR and two other companies in a JV will invest $130 million in Sunrise Senior Living. The transaction is expected to close in the first half of 2013.
Realty Income to Acquire American Realty Capital Trust in $3B Transaction
Realty Corp has bought American Realty Income REIT. Under the terms of the deal, the seller would acquire all of the outstanding shares of ARCT for about $3 billion.
Breaking News: Health Care REIT Enters into Final Agreement to Buy Sunrise Senior Living
Health Care REIT became one of the world’s largest owners of seniors housing after entering into a definitive agreement to buy the outstanding common stock of Sunrise Senior Living.
Archstone Plans $100M IPO
Archstone Inc. recently filed a registration statement with the Securities and Exchange Commission for a potential public offering of its common stock with a proposed maximum offering price of $100 million.
Houston's Iconic Williams Tower Goes Up for Grabs
Hines REIT tapped Jones Lang LaSalle to help it sell its famous Williams Tower in Houston. The city landmark boasts 1.4 million square feet of office property and has been owned by the REIT for the past four years.
Health Care REIT Plans to Close Q3 with $925M of Investments
Health Care REIT Inc. is in the midst of acquiring close to $1 billion worth of healthcare-related assets in the third quarter, following its busy second-quarter activity of MOB purchases.