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  • Kite Realty Group Trust Announces Strategic Joint Venture at Eddy Street Commons at the University of Notre Dame

    Source: GlobeNewswire
    Fri, 12 Jan 2018 07:15:00 EST
    INDIANAPOLIS, Jan. 12, 2018 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE:KRG) (the “Company”) announced today that it has entered into a joint venture to build and operate a full-service Embassy Suites hotel at its Eddy Street Commons property at the University of Notre Dame, which will be located across the street from Notre Dame Stadium. The Company will own a 35% non-controlling ...
  • EdR Announces Quarterly Dividend of $0.39 Per Share

    Source: PR Newswire
    Thu, 11 Jan 2018 16:30:00 EST
    MEMPHIS, Tenn., Jan. 11, 2018 /PRNewswire/ -- EdR (NYSE:EDR), a leader in the ownership, development and management of collegiate housing, announced today that its Board of Directors has approved a quarterly cash dividend of $0.39 per share of common stock. The dividend will be payable Feb. 15, 2018 to shareholders of record as of Jan. 31, 2018. About EdREdR (NYSE:EDR) is one of America's ...
  • Piedmont Announces Leasing Results of Approximately 900,000 SF in Fourth Quarter and 2.1 million SF for the Year

    Source: InPublic
    Thu, 11 Jan 2018 16:20:00 EST
    ATLANTA - January 11, 2018 - Piedmont Office Realty Trust (NYSE: PDM) announced today that it secured almost 900,000 square feet of total leasing during the fourth quarter of 2017, bringing total leasing for the year to approximately 2.1 million square feet. The two largest leasing transactions completed during the fourth quarter were both previously announced and included the renewal of ...
  • Four Springs TEN31 Xchange, LLC Announces Closing of FSC Healthcare II, DST Offering $4,135,000

    Source: Business Wire
    Thu, 11 Jan 2018 11:43:00 EST
    LAKE COMO, N.J.--(BUSINESS WIRE)-- Four Springs TEN31 Xchange, LLC, a sponsor of Delaware Statutory Trust (DST) programs designed for investors involved with Section 1031 tax deferred real estate exchanges, announced today that its FSC Healthcare II, DST offering has been fully subscribed. “We are extremely pleased with the support that we have received from the independent broker-dealer ...
  • Hudson Pacific Properties Sells Four California Office Properties

    Source: Business Wire
    Thu, 11 Jan 2018 09:00:00 EST
    LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (NYSE: HPP) today announced the pending sales of four office properties in Northern and Southern California for aggregate gross proceeds of $254.8 million before credits, prorations and closing costs. The properties under contract to be sold are: 2180 Sand Hill, a 45,613-square-foot office property in Menlo Park for $82.5 million ...
  • Vornado Completes $100 Million Refinancing of 33–00 Northern Boulevard Realizing $37.2 Million of Net Proceeds

    Source: GlobeNewswire
    Thu, 11 Jan 2018 08:52:00 EST
    NEW YORK, Jan. 11, 2018 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) announced today that it has completed a $100 million refinancing of 33–00 Northern Boulevard, a 471,000 square foot office building located in Long Island City, New York. This seven-year loan is at LIBOR plus 1.80%, which was swapped to a fixed rate of 4.14%. The loan is interest only for the first five years and ...
  • Pre-Market Technical Scan on REIT Equities -- Equity Commonwealth, Mack-Cali Realty, Digital Realty Trust, and Highwoods Properties

    Source: PR Newswire
    Thu, 11 Jan 2018 07:00:00 EST
    NEW YORK, Jan. 11, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on EQC, CLI, DLR, and HIW which can be accessed for free by signing up to www.wallstequities.com/registration. On Wednesday, January 10, 2018, US markets saw broad based losses with six out of nine sectors finishing the trading sessions ...
  • New York REIT, Inc. Closes On Previously Announced Sale Of Its 350 West 42nd Street Property

    Source: PR Newswire
    Wed, 10 Jan 2018 16:20:00 EST
    NEW YORK, Jan. 10, 2018 /PRNewswire/ -- New York REIT, Inc. (NYSE: NYRT) (the "Company" or "NYRT"), which is liquidating and winding down pursuant to a plan of liquidation, announced that it has closed on the previously announced sale of its property located at 350 West 42nd Street in New York, New York to an unaffiliated third party for a total of $25.1 million. The 350 West 42nd Street ...
  • COPT Research Adds Resource on Cap Rates in Its Markets

    Source: Business Wire
    Wed, 10 Jan 2018 16:16:00 EST
    COLUMBIA, Md.--(BUSINESS WIRE)-- Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) has issued a new research brochure in the ‘Investors’ section of the website under ‘COPT Research’ as follows: http://investors.copt.com/GenPage.aspx?IID=103010&GKP=329103 This new resource provides relevant property trades by sub-segment, including cap rate information, in order to provide ...
  • Cousins Properties Signs Bank of America, N.A. Lease Renewal and Expansion at Fifth Third Center in Charlotte

    Source: PR Newswire
    Wed, 10 Jan 2018 16:15:00 EST
    ATLANTA, Jan. 10, 2018 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that it has signed a 294,000 square foot lease renewal and a 24,000 square foot expansion with Bank of America, N.A. at Fifth Third Center, a 698,000 square foot office tower located in the Uptown submarket of Charlotte. This transaction expands Bank of America's lease to 318,000 square feet and extends its ...
  • Gladstone Land Files for Public Offering of 6.00% Series B Cumulative Redeemable Preferred Stock

    Source: GlobeNewswire
    Wed, 10 Jan 2018 16:10:00 EST
    MCLEAN, Va., Jan. 10, 2018 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (NASDAQ:LAND) (the “Company”) today announced that it has filed a prospectus supplement with the U.S. Securities and Exchange Commission (“SEC”) for a continuous public offering of up to 6,000,000 shares (the “Primary Offering”) of its newly-designated 6.00% Series B Cumulative Redeemable Preferred Stock (the “Series B ...
  • FCPT Announces Acquisition of two Buffalo Wild Wings Restaurant Properties for $6.6 million

    Source: Business Wire
    Wed, 10 Jan 2018 15:11:00 EST
    MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of two Buffalo Wild Wings restaurant properties leased to World Wide Wings, one of the largest Buffalo Wild Wings franchisees (over 65 units), ...
  • Condor Hospitality Trust Post Transition Analysis | A Strong Foundation for Value Creation

    Source: Business Wire
    Wed, 10 Jan 2018 10:48:00 EST
    BETHESDA, Md.--(BUSINESS WIRE)-- Condor Hospitality Trust, Inc. (NYSE American: CDOR), a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, today released via 8-K: “Condor Hospitality Trust, Inc. Post Transition Analysis | A Strong Foundation for Value Creation.” The document can be found on our investor relations website ...
  • Sunstone Hotel Investors Announces The Sale Of The 289-Room Marriott Philadelphia And The 464-Room Marriott Quincy For $139.0 Million

    Source: PR Newswire
    Wed, 10 Jan 2018 08:00:00 EST
    ALISO VIEJO, Calif., Jan. 10, 2018 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced the sale of the 289-room Marriott Philadelphia and the 464-room Marriott Quincy for a combined gross sale price of $139.0 million, or approximately $184,600 per key. The sale price represents a 10.3x multiple on combined 2017 Hotel Adjusted EBITDA of $13.5 ...
  • Chatham Lodging Announces Monthly Dividend

    Source: Business Wire
    Wed, 10 Jan 2018 06:45:00 EST
    WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 135 hotels wholly or through joint ventures, today announced that its board of trustees has declared a monthly common share dividend of $0.11 for January 2018. The common ...
  • Plymouth Industrial REIT Announces Tax Treatment of 2017 Dividends

    Source: Business Wire
    Tue, 09 Jan 2018 18:00:00 EST
    BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (NYSE American: PLYM) today announced the tax treatment of its 2017 dividends to common stockholders. The following table summarizes Plymouth Industrial REIT’s dividends to stockholders of Common Stock CUSIP #729640102 traded on the NYSE American under ticker symbol “PLYM” for the tax year ended December 31, 2017: 2017 Total Total 2017 ...
  • Preferred Apartment Communities, Inc. Announces Acquisition of a 265-Unit Multifamily Community in Jacksonville, Florida

    Source: PR Newswire
    Tue, 09 Jan 2018 16:20:00 EST
    ATLANTA, Jan. 9, 2018 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced the acquisition of Lux, a 265-unit Class A multifamily community in Jacksonville, Florida constructed in 2017. Lux is located adjacent to Sorrel, a Class A multifamily community that PAC acquired in 2016. "This acquisition creates operational efficiencies across the ...
  • American Assets Trust, Inc. Increases Revolving Line of Credit to $350 Million and Improves Credit Spreads in Its Second Amended and Restated Credit Agreement and in its $150 Million Term Loan Agreement

    Source: GlobeNewswire
    Tue, 09 Jan 2018 16:15:00 EST
    SAN DIEGO, Jan. 09, 2018 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE:AAT) (the “Company”) announced today that it has amended and restated its existing credit agreement and amended its existing term loan agreement. The credit agreement was amended and restated to, among other things, (1) increase the revolving line of credit from $250 million to $350 million, (2) extend the maturity ...
  • Gladstone Land Announces Monthly Cash Distributions for January, February, and March 2018

    Source: GlobeNewswire
    Tue, 09 Jan 2018 16:05:00 EST
    MCLEAN, Va., Jan. 09, 2018 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (NASDAQ:LAND) (“Gladstone Land” or the “Company”) announced today that its board of directors declared the following cash distributions for each of January, February, and March 2018. Monthly Cash Distributions: Common Stock: $0.04425 per share of common stock for each of January, February, and March 2018, representing a ...
  • Rexford Industrial Acquires Four Industrial Properties For $62.7 Million; Sells One Property For $2.4 Million

    Source: PR Newswire
    Thu, 04 Jan 2018 16:05:00 EST
    LOS ANGELES, Jan. 4, 2018 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on owning and operating industrial properties located in Southern California infill markets, today announced the acquisition of a four property industrial portfolio for approximately $62.7 million. The acquisitions were completed ...
  • JLL Income Property Trust Acquires Class A Industrial Asset in Atlanta

    Source: PR Newswire
    Wed, 03 Jan 2018 18:04:00 EST
    CHICAGO, Jan. 3, 2018 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily valued perpetual life REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), today announced the acquisition of Mason Mill Distribution Center, a newly-constructed 340,000 square-foot Class A industrial property in Atlanta's northeast submarket located in Buford, Georgia. The property is fully leased to ...
  • CIM Commercial Trust to Acquire 9460 Wilshire Boulevard in Beverly Hills

    Source: Business Wire
    Wed, 03 Jan 2018 14:54:00 EST
    BEVERLY HILLS, Calif.--(BUSINESS WIRE)-- CIM Commercial Trust Corporation (NASDAQ: CMCT) (TASE: CMCT), a real estate investment trust (REIT) that principally invests in, owns, and operates Class A and creative office investments in vibrant and improving urban communities throughout the United States, announced today that it has signed a definitive agreement to purchase the fee simple interest ...
  • Regency Centers Acquires Roosevelt Square in Seattle, Washington

    Source: Business Wire
    Wed, 03 Jan 2018 10:00:00 EST
    SEATTLE--(BUSINESS WIRE)-- Regency Centers Corporation (“Regency” or the “Company”), a national owner, operator, and developer of grocery-anchored shopping centers has acquired Roosevelt Square, a 150,000-square foot, multi-level neighborhood shopping center in Seattle, Washington. Anchored by Whole Foods market, this property is currently 100% leased and surrounded by powerful demographics in ...
  • Plymouth Industrial REIT Acquires Portfolio of Three Single-Tenant Industrial Buildings in Atlanta for $11.4 Million

    Source: Business Wire
    Wed, 03 Jan 2018 06:30:00 EST
    BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (NYSE American: PLYM) announced that on December 21, 2017 it acquired three single-tenant industrial buildings in Atlanta, Georgia totaling 330,361 square feet for $11.425 million in cash. The acquisition is projected to provide an initial yield of 8.3%. The portfolio is occupied by three longstanding tenants with extended histories at ...

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