REITs
CBRE Realty Trust-Duke JV Closes on 3 MSF Portfolio
The majority of assets in the entire 20-building group are located in the Midwest, a region that accounts for 72 percent of its total square footage.
Pebblebrook Picks Up Two Pacific Coast Hotels for $161.2M
In a matter of just two days, Pebblebrook Hotel Trust has plumped up its portfolio with two upper-upscale hotels encompassing a combined 639 guestrooms. In separate all-cash deals, the REIT shelled out $110 million for the Westin Gaslamp Quarter in San Diego and $51.2 million for the Hotel Monaco Seattle.
Cash, Stock and the REIT Market: Investment Opportunities Lie Ahead
Investment opportunities are increasing today, but many remain still to be realized, according to discussions during yesterday’s NYU Schack Institute of Real Estate 16th Annual REIT Symposium. Panelists noted that flexible investors may find better opportunities with a little more creativity.
REITs Rule Today’s Market—Under the Right Circumstances
It’s a good time to be a REIT, but the opportunities today are not for everyone. That was the message from speakers at the NYU Schack Institute of Real Estate 16th Annual REIT Symposium, hosted yesterday at the Pierre Hotel in New York City.
AMB Closes 361,200 SF of New Leases in Asia
The industrial REIT inked seven leases in Japan and China, with 210,100 square feet at distribution centers in Tokyo and 151,000 square feet at development projects in Shanghai and Dalian.
Health Care REIT, Benchmark Close $890M JV
The group of assets involved–including independent living, assisted living, memory impaired and respite stay communities–are sited in highly coveted markets in six New England states.
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.