REITs
SPECIAL REPORT: Real Estate Companies See Strong Markets Despite High Unemployment Levels
Speakers at the National Association of Real Estate Investment Trusts’ annual convention addressing the state of the economy cited improving sector fundamentals, “unprecedented” availability of capital for REITs, as well as a possibility for interest rates to rise and cap rates to fall further in the future.
NAREIT Report: Looking at the Big Picture
Strategies for the future and lessons learned from the recession fueled a lively exchange among REIT industry leaders at the National Association of Real Estate Investment Trusts’ annual convention in New York City.
NAREIT Report: REIT Leaders Size Up Industry’s Gains, Challenges
Having weathered two harsh years, the REIT industry is poised to take advantage of significant opportunities for growth during the next couple of years. That was the consensus of leading industry players during the wide-ranging opening session of the National Association of Real Estate Investment Trusts’ annual convention Monday afternoon in New York City.
Portland-Area Lodge Purchase Brings Pebblebrook’s Five-Month Buying Binge to $425M
Pebblebrook Hotel Trust, which has averaged approximately one acquisition a month since its first purchase in June, has bought the upper-upscale Skamania Lodge in Stevenson, Wash., from Lowe Enterprises Investors in a $55.8 million, all-cash deal.
Healthcare Trust to Add 960,000 SF to MOB Portfolio for $196.6M
With locations on and off hospital campuses, the MOB portfolio encompasses assets in Albany, N.Y.; North Adams, Mass.; and Temple Terrace, Fla.
KBS Legacy Partners Apartment REIT Spends $36.1M on First Asset
Dakota Hill is a 504-unit Class A complex in Dallas’ Valley Ranch/Irving submarket.
Ventas Portfolio, Profile to Swell with $3.1B Atria Purchase
A new deal is turning heads in the seniors housing market, a deal that will put Ventas Inc. at the very head of the table: namely, the healthcare REIT’s definitive agreement to acquire 118 premier properties from Atria Senior Living Group, the nation’s fourth-largest assisted living property operator, in a transaction valued at $3.1 billion.
GGP to Exit Bankruptcy in Early November
General Growth Properties Inc.’s improbable fight to survive is about to become a reality.
Voit Sells 157,300-SF Industrial Property in Southern California
The property was sold to Australian real estate investment trust DEXUS Property Group.
Behringer Harvard Purchase 560-Unit Fort Lauderdale Apartment Asset
Acting on behalf of Behringer Harvard Opportunity REIT II Inc., Dallas-headquartered Behringer Harvard has acquired the 560-unit Parrot’s Landing Apartments in North Lauderdale, Fla., partnering with Denver-based Grand Peaks Properties but retaining a 90 percent ownership stake.