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  • Kimco Realty Prices $350 Million Aggregate Principal Amount of 3.70% Notes due 2049

    Source: Business Wire
    Thu, 15 Aug 2019 16:19:00 EDT
    – Company Announces the Full Redemption of its $175 Million 6.000% Class I Cumulative Redeemable Preferred Stock and its $175 Million 5.625% Class K Cumulative Redeemable Preferred Stock – NEW HYDE PARK, N.Y.--(BUSINESS WIRE)-- Kimco Realty Corp. (NYSE: KIM), today announced the pricing of its public offering of $350 million aggregate principal amount of 3.70% notes due 2049 (the “notes”) with ...
  • New Investments Provide Needed Affordable Housing Options In Downtown Phoenix

    Source: PR Newswire
    Thu, 15 Aug 2019 13:32:00 EDT
    PHOENIX, Aug. 15, 2019 /PRNewswire/ -- The growing need for affordable housing near Downtown Phoenix is being addressed by three apartment projects that combine affordability with amenities. Pacific Oak Capital Advisors, a national leader in institutional quality alternative investments, and Defer Gain, a leading Arizona-based real estate development company specializing in Opportunity Zone ...
  • Gaming and Leisure Properties Announces a Tender Offer for Up to $500,000,000 Outstanding 4.875% Senior Notes Due 2020

    Source: GlobeNewswire
    Thu, 15 Aug 2019 09:51:00 EDT
    WYOMISSING, Pa., Aug. 15, 2019 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI”), the first gaming-focused real estate investment trust in North America, announced today that its operating partnership, GLP Capital, L.P. (the “Operating Partnership”), and GLP Financing II, Inc., a wholly owned subsidiary of the Operating Partnership (together with the Operating ...
  • Realty Trust Group Chosen To Oversee West Tennessee Healthcare’s 1.2 Million SF Portfolio

    Source: GlobeNewswire
    Thu, 15 Aug 2019 09:00:00 EDT
    Knoxville, Aug. 15, 2019 (GLOBE NEWSWIRE) -- Realty Trust Group (RTG) has been selected to manage West Tennessee Healthcare's 1.2 million-square-foot real estate portfolio of non-hospital facilities, including medical office buildings, operational buildings, and clinics. Serving a geographical area that includes more than half a million people in 19 counties throughout western Tennessee and ...
  • Ashford Trust Announces Sale of Two Hotels for $37.8 million

    Source: PR Newswire
    Thu, 15 Aug 2019 08:00:00 EDT
    DALLAS, Aug. 15, 2019 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced the sales of the 156-room Courtyard Savannah Downtown in Savannah, Georgia and the 128-room Hilton Garden Inn in Wisconsin Dells, Wisconsin for $37.8 million. The combined sales price, inclusive of the buyers' estimated anticipated capex of $8.2 million, ...
  • LTC Locks Rate at 3.85% on $100 Million Senior Unsecured Notes

    Source: Business Wire
    Wed, 14 Aug 2019 09:30:00 EDT
    WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- LTC Properties, Inc. (NYSE: LTC) announced today that it locked rate under a private shelf agreement with affiliates and managed accounts of PGIM, Inc. (the investment management business of Prudential Financial, Inc.) on $100.0 million of senior unsecured notes with a coupon of 3.85%. The notes will have an average life of 10.5 years, scheduled ...
  • Bluerock Capital Markets Announces Record Capital Raise of Over $127 Million of New Investor Capital in July

    Source: PR Newswire
    Tue, 13 Aug 2019 15:00:00 EDT
    NEW YORK, Aug. 13, 2019 /PRNewswire/ -- Bluerock Capital Markets, LLC ("BCM") announced today another record capital raise of over $127 million across all products in the month of July. Through July, BCM's 2019 sales currently rank among the top 3 of all sponsors in the Direct Investments Industry†. In addition to its record capital raise across all products, BCM announced new record capital ...
  • CorEnergy Announces Closing of $120 Million Private Offering of 5.875% Convertible Senior Notes

    Source: Business Wire
    Mon, 12 Aug 2019 17:03:00 EDT
    KANSAS CITY, Mo.--(BUSINESS WIRE)-- CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") announced the closing of its previously announced offering of $120 million aggregate principal amount of 5.875% Convertible Senior Notes due 2025 (the “Notes”), which includes the full exercise of the initial purchasers’ over-allotment option, in a private placement to ...
  • Trinity Merger Corp. and Broadmark Announce Merger Agreement

    Source: Business Wire
    Mon, 12 Aug 2019 08:00:00 EDT
    Formation of $1.5 billion internally-managed commercial mortgage REIT Combined company well-positioned to capitalize on strong nationwide demand for flexible real estate financing solutions Current Broadmark management team to lead combined company Joint investor conference call scheduled for Tuesday, August 13 at 10:00 am EST HONOLULU & SEATTLE--(BUSINESS WIRE)-- Trinity Merger Corp. ...
  • UDR Announces UDR/MetLife Investment Management Joint Venture Transaction Valued at $1.76 Billion and Increases Select Full-Year Earnings Guidance Ranges

    Source: Business Wire
    Mon, 12 Aug 2019 07:00:00 EDT
    DENVER--(BUSINESS WIRE)-- UDR, Inc. (the “Company”) (NYSE: UDR), a leading multifamily real estate investment trust, announced today that it has entered into an agreement with MetLife Investment Management to: Acquire the approximately 50 percent interest not previously owned in 10 UDR/MetLife Investment Management Joint Venture operating communities, one community under development and four ...
  • EPR Properties Prices $500.0 Million of 3.750% Senior Notes due 2029

    Source: Business Wire
    Thu, 08 Aug 2019 16:10:00 EDT
    KANSAS CITY, Mo.--(BUSINESS WIRE)-- EPR Properties (NYSE:EPR) (the “Company”) announced today that it has priced an underwritten public offering of $500.0 million of 3.750% Senior Notes due 2029. None of the Company’s subsidiaries will initially guarantee the notes. However, certain of the Company’s domestic subsidiaries will be obligated to guarantee the notes under certain circumstances. The ...
  • CorEnergy Announces Pricing of $100 Million Private Offering of 5.875% Convertible Senior Notes

    Source: Business Wire
    Wed, 07 Aug 2019 20:06:00 EDT
    KANSAS CITY, Mo.--(BUSINESS WIRE)-- CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") announced the pricing of $100 million aggregate principal amount of 5.875% Convertible Senior Notes due 2025 (the “Notes”) in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities ...
  • Plymouth Industrial REIT Closes New Credit Facility with Lower Borrowing Costs, Expanded Capacity and Greater Flexibility

    Source: Business Wire
    Wed, 07 Aug 2019 16:15:00 EDT
    BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (NYSE American: PLYM) announced that it has entered into a new $100 million senior secured revolving credit facility, providing expanded line capacity, lower borrowing costs and greater capital structure flexibility. The credit facility replaces an existing $45 million facility that was set to expire in August 2020. The new revolving ...
  • Steadfast Companies Announces Transformational Transactions to Merge Three REITs to Create a $3.3 Billion REIT Focused on Moderate Income Apartments

    Source: Business Wire
    Tue, 06 Aug 2019 13:29:00 EDT
    Synergies and Fee Structure Realignment Expected to Provide Approximately $21 Million In Additional Cash Flow IRVINE, Calif.--(BUSINESS WIRE)-- Steadfast Apartment REIT, Inc. (“STAR”), Steadfast Income REIT, Inc. (“SIR”) and Steadfast Apartment REIT III, Inc. (“STAR III”) announced today that they have entered into definitive merger agreements pursuant to which STAR would acquire SIR and STAR ...
  • Ashford Trust Announces Sale Of Marriott Plaza San Antonio For $34 Million

    Source: PR Newswire
    Mon, 05 Aug 2019 08:00:00 EDT
    DALLAS, Aug. 5, 2019 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced the sale of the 251-room Marriott Plaza San Antonio in San Antonio, Texas for $34.0 million ($135,500 per key). The sales price, inclusive of buyer's estimated anticipated capex of $21.3 million, represents a trailing twelve-month cap rate of 4.9% on net operating ...
  • JLL advises Welltower on $1.8 billion recapitalization of Benchmark Senior Living portfolio

    Source: PR Newswire
    Thu, 01 Aug 2019 16:09:00 EDT
    NEW YORK, Aug. 1, 2019 /PRNewswire/ -- JLL announces it has exclusively advised Welltower Inc. in the recapitalization of the Benchmark Senior Living portfolio, which Benchmark previously owned in partnership with Welltower, with private institutional capital for a gross sale price of $1.8 billion. As a part of the recapitalization, Welltower has fully exited the portfolio and is entitled to ...
  • FCPT Announces Acquisition of a Buffalo Wild Wings Property for $1.5 Million

    Source: Business Wire
    Thu, 01 Aug 2019 16:06:00 EDT
    MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a corporate-operated Buffalo Wild Wings restaurant property for $1.5 million. The property is located in Georgia and is occupied ...
  • FCPT Closes Arby’s Restaurant Property From Washington Prime Transaction for $1.2 million

    Source: Business Wire
    Thu, 01 Aug 2019 16:05:00 EDT
    MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), closed on the purchase an Arby’s restaurant property today from Washington Prime Group Inc. (“WPG”) for $1.2 million. The property is located in Indiana and is occupied ...
  • JLL Income Property Trust Acquires 273-unit Apartment Community in Suburban Phoenix

    Source: PR Newswire
    Wed, 31 Jul 2019 16:02:00 EDT
    CHICAGO, July 31, 2019 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) today announced the acquisition of Summit at San Marcos, a newly-developed 273-unit award-winning urban garden-style Class A apartment community in the prominent Phoenix suburb of Chandler, Arizona. The purchase price was $72 million. "The city of ...
  • NorthWest Healthcare Properties REIT Announces Successful Completion of Previously Announced Bought Deal Equity Offering and Full Exercise of Over-Allotment Option for Gross Proceeds of Approximately $172.6 Million

    Source: Canada Newswire
    Wed, 31 Jul 2019 08:12:00 EDT
    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TSX: NWH.UN TORONTO, July 31, 2019 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) ("NorthWest" or the "REIT") is pleased to announce today that it has completed its previously announced public offering (the "Offering") of 14,628,000 trust units ("Units") of the REIT at a ...
  • Easterly Government Properties to Issue $275 Million Private Placement of Senior Unsecured Notes

    Source: Business Wire
    Wed, 31 Jul 2019 07:00:00 EDT
    WASHINGTON--(BUSINESS WIRE)-- Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to U.S. Government agencies, announced today that it has entered into a note purchase agreement for the private placement of $275 ...
  • Bleutech Park, The First Digital Infrastructure City Of Its Kind In The World, Selects Las Vegas As Inaugural Site To Break Ground With $7.5 Billion Project

    Source: PR Newswire
    Wed, 31 Jul 2019 07:00:00 EDT
    LAS VEGAS, July 31, 2019 /PRNewswire/ -- Bleutech Park Las Vegas will break ground in the Las Vegas Valley in December of this year as the first city in the world to boast a digital revolution in motion, redefining the infrastructure industry sector. The net-zero buildings within their own insular mini-city will feature automated multi-functional designs, renewable energies from ...
  • Plymouth Industrial REIT Completes Acquisition of Multi-Tenant Industrial Building in St. Louis for $5.4 Million

    Source: Business Wire
    Tue, 30 Jul 2019 06:30:00 EDT
    BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (NYSE American: PLYM) announced that it acquired a multi-tenant Class B industrial building in St. Louis, Missouri for $5.4 million in cash. The acquisition, which is projected to provide an initial yield of 8.6%, was funded with borrowings on the Company’s credit facility and proceeds from its May 2019 equity offering. Located in the ...
  • Armada Hoffler Properties Announces New $80 Million Mixed-Use Project in Atlanta MSA

    Source: GlobeNewswire
    Tue, 30 Jul 2019 06:00:00 EDT
    VIRGINIA BEACH, Va., July 30, 2019 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) announced today that it will develop Southern Post, a new 240,000 square foot mixed-use project in historic downtown Roswell, Georgia. In collaboration with the city, Southern Post is designed to honor Roswell’s historical charm and serve as a gathering spot for residents. Plans for the project ...
  • 3650 REIT Originates Three 10-Year Loans Totaling Over $130 Million

    Source: Business Wire
    Mon, 29 Jul 2019 09:19:00 EDT
    - Nationwide Balance-Sheet Lender Originates More Than $600 Million to Date in 2019 - MIAMI--(BUSINESS WIRE)-- 3650 REIT (“3650”), a balance-sheet lender focused on creating long-term relationships by originating, servicing and asset managing long- and short-term fixed-rate commercial real estate loans through maturity, has funded three 10-year, first mortgage loans totaling over $130 million ...
  • Alexandria Real Estate Equities, Inc. and TMG Partners Win Full Project Approval to Develop 1.07 Million RSF Mixed-Use Campus at 88 Bluxome Street in the Heart of San Francisco's SoMa Submarket

    Source: PR Newswire
    Fri, 26 Jul 2019 05:30:00 EDT
    PASADENA, Calif., July 26, 2019 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT and the first and longest-tenured owner, operator and developer uniquely focused on collaborative life science, technology and agtech campuses in AAA innovation cluster locations, and TMG Partners, one of the San Francisco Bay Area's largest mixed-use property developers, ...
  • Preferred Apartment Communities, Inc. Announces Acquisition of a "Class A" Office Tower in Raleigh, North Carolina Through its Subsidiary, Preferred Office Properties, LLC

    Source: PR Newswire
    Thu, 25 Jul 2019 16:20:00 EDT
    ATLANTA, July 25, 2019 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that it acquired CapTrust Tower, a 300,389 square foot office building located in the North Hills submarket of Raleigh, North Carolina. Developed in 2010, the 16-story property includes nine levels of office space atop a six-level parking podium and popular ground ...
  • FCPT Announces Acquisition of Texas Roadhouse Restaurant Property for $1.4 Million

    Source: Business Wire
    Thu, 25 Jul 2019 16:05:00 EDT
    MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a corporate operated Texas Roadhouse restaurant for $1.4 million from Pennsylvania Real Estate Investment Trust. The property is ...
  • Kilroy Realty Leases 35% of Its South San Francisco Development Project Four Months After Construction Commencement

    Source: Business Wire
    Wed, 24 Jul 2019 21:02:00 EDT
    Cytokinetics Signs 12-Year Lease for Approximately 235,000 Square Feet of Phase I at Kilroy Oyster Point LOS ANGELES--(BUSINESS WIRE)-- Kilroy Realty Corporation (NYSE: KRC) today said it has executed an approximately 235,000 square foot, 12-year lease at its South San Francisco development project (“Kilroy Oyster Point”), just four months after construction commencement, with Cytokinetics ...
  • Washington Prime Group Announces Sale Leaseback of Approximately $98.9M for Fee Interest in Land at Four Assets

    Source: GlobeNewswire
    Wed, 24 Jul 2019 17:20:00 EDT
    COLUMBUS, Ohio, July 24, 2019 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE: WPG) today announced that it has signed a definitive agreement for the sale and leaseback of four assets (collectively, the “Properties”). Under the agreement, an affiliate of Perennial Investments & Advisors, LLC ("Perennial"), an institutional fee investor, will acquire a fee interest in the land at the ...
  • Washington Prime Group Announces Disposition of 20 Additional Outparcels to Four Corners Property Trust for $38M

    Source: GlobeNewswire
    Wed, 24 Jul 2019 16:05:00 EDT
    COLUMBUS, Ohio, July 24, 2019 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE: WPG) today announced that it has signed a definitive agreement for the sale of 20 additional outparcels to Four Corners Property Trust, Inc. (FCPT) for a combined purchase price of approximately $37.8 million. This pricing reflects a mid-six percent capitalization rate on in-place net operating income. ...
  • Medical Properties Trust Announces Acquisition of 8 UK Hospitals for $434 Million

    Source: Business Wire
    Tue, 23 Jul 2019 08:30:00 EDT
    Leading Global Healthcare Provider Ramsay Health Care to Join MPT Operators BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Medical Properties Trust, Inc. (“MPT” or the “Company”) (NYSE: MPW), today announced that it has entered into a definitive agreement with Secure Income REIT (“SIR”) (LSE: SIR) under which MPT will acquire freehold interests in eight private hospitals located throughout England for an ...
  • Gladstone Land Acquires Land and Facilities in South Florida

    Source: GlobeNewswire
    Mon, 22 Jul 2019 16:05:00 EDT
    MCLEAN, Va., July 22, 2019 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired 3,586 total acres of farmland and facilities in South Florida (the “Property”) for total consideration consisting of $54.5 million in cash and 288,303 common units of limited partnership interest in its operating partnership (“OP Units”). ...
  • NexPoint Hospitality Trust Announces Agreement to Acquire Condor Hospitality Trust, Inc.

    Source: Business Wire
    Mon, 22 Jul 2019 07:00:00 EDT
    TORONTO & BETHESDA, Md.--(BUSINESS WIRE)-- NexPoint Hospitality Trust (TSXV: NHT.U) (“NHT”) and Condor Hospitality Trust, Inc. (NYSE American: CDOR) (“Condor”) today announced the execution of a definitive agreement (the “Merger Agreement”), under which NHT’s operating partnership, NHT Operating Partnership, LLC (“NHT OP”), will acquire all of the outstanding equity interests of Condor and its ...
  • New York City REIT, Inc. Completes Acquisition of 60,297 Square Feet at 196 Orchard Street for $88.8 Million

    Source: PR Newswire
    Mon, 22 Jul 2019 06:00:00 EDT
    NEW YORK, July 22, 2019 /PRNewswire/ -- New York City REIT, Inc. ("NYCR"), a public non-listed REIT which owns a portfolio of mixed-use office buildings and retail condominium units in New York City, announced today that on July 17, 2019 it completed the acquisition of the fee-simple interest in two retail condominium units and one commercial condominium unit totaling approximately 60,297 ...
  • Medical Properties Trust Announces Upsizing and Pricing of $900.0 Million of 4.625% Senior Notes Due 2029

    Source: Business Wire
    Wed, 17 Jul 2019 20:36:00 EDT
    BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Medical Properties Trust, Inc. (the “Company”) (NYSE: MPW) announced today that it has priced an upsized offering of $900.0 million aggregate principal amount of senior notes due 2029 (the “Notes”) by its operating partnership, MPT Operating Partnership, L.P. (the “Operating Partnership”), and MPT Finance Corporation, a wholly-owned subsidiary of the ...
  • Braemar Hotels & Resorts Announces The Opening Of The Notary Hotel, A New Autograph Collection Property In Philadelphia

    Source: PR Newswire
    Wed, 17 Jul 2019 16:15:00 EDT
    DALLAS, July 17, 2019 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced the opening of The Notary Hotel in the heart of Downtown Philadelphia. Listed on the National Register of Historic Places, the former Courtyard by Marriott Philadelphia Downtown underwent a rebranding and renovation in excess of $20 million to create The Notary Hotel. ...
  • Alexandria Real Estate Equities, Inc. Announces Redemption of Its Outstanding 2.750% Senior Notes Due 2020 and 4.600% Senior Notes Due 2022

    Source: PR Newswire
    Wed, 17 Jul 2019 16:10:00 EDT
    PASADENA, Calif., July 17, 2019 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (NYSE: ARE) today announced its intention to redeem all of its outstanding (i) 2.750% Senior Notes due 2020 (CUSIP No. 015271 AF6) (the "2020 Notes") and (ii) 4.600% Senior Notes due 2022 (CUSIP No. 015271 AC3) (the "2022 Notes" and, together with the 2020 Notes, the "Notes"), ...
  • Gladstone Commercial Corporation Completes $8.5 Million Lease Expansion and Extension in Indianapolis, IN

    Source: GlobeNewswire
    Wed, 17 Jul 2019 16:05:00 EDT
    MCLEAN, Va., July 17, 2019 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (NASDAQ: GOOD) (“Gladstone Commercial”) announced today that it completed the expansion, early renewal and extension of its anchor lease with Community Health Network, Inc.'s for-profit subsidiary, Visionary Enterprises Inc. (“CHN”) at Heritage Park II, Gladstone’s office property in Indianapolis, Indiana. As of ...
  • STAG Industrial Closes New $200 Million Unsecured Term Loan

    Source: PR Newswire
    Tue, 16 Jul 2019 18:00:00 EDT
    BOSTON, July 16, 2019 /PRNewswire/ -- STAG Industrial, Inc. (the "Company") (NYSE: STAG) today announced that it closed a new $200 million unsecured term loan on July 12, 2019. The new term loan matures on January 12, 2025, bears a current interest rate of LIBOR plus a spread of 1.00%, and features a twelve-month delayed-draw feature. The new term loan includes an accordion feature that allows ...
  • Highwoods Signs Lease for 46,000 Square Feet at 11000 Weston

    Source: GlobeNewswire
    Tue, 16 Jul 2019 16:24:00 EDT
    RALEIGH, N.C., July 16, 2019 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has signed a lease for 46,000 square feet at 11000 Weston Parkway in Cary NC, one of Raleigh’s BBDs. The lease is with a new customer for the Company’s Raleigh division with a strong credit profile. 11000 Weston is a 178,000 square foot property that was formerly solely occupied by Fidelity Investments. Ed ...
  • BRT Apartments Corp. Announces Sale of Two Properties for $33.2 Million

    Source: GlobeNewswire
    Mon, 15 Jul 2019 16:18:00 EDT
    GREAT NECK, N.Y., July 15, 2019 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) today announced the sale of Stonecrossing Apartments and Stonecrossing East, located in Houston, Texas, in which the Company held a 91% joint venture equity interest. These properties, comprised of 384 units, produced an annual IRR greater than 17% over six years. The properties were sold for an aggregate gross ...
  • Prospect to Receive $1.55 Billion Investment from Medical Properties Trust, Inc.

    Source: Business Wire
    Mon, 15 Jul 2019 16:12:00 EDT
    Transaction Will Allow Prospect to Retire Existing Debt; Sets Stage for Future Growth LOS ANGELES--(BUSINESS WIRE)-- Prospect Medical Holdings, Inc. announced today that Medical Properties Trust, Inc. (MPT) will invest $1.55 billion in Prospect through a sale-leaseback of the company’s real estate assets in California, Connecticut and Pennsylvania. Prospect’s properties in Rhode Island, New ...
  • Medical Properties Trust Announces $1.75 Billion Investment in 24 Hospital Facilities

    Source: Business Wire
    Mon, 15 Jul 2019 16:04:00 EDT
    Year-to-Date Acquisitions of $3.0 Billion Surpasses 2019 Full Year Acquisition Goal and Establishes Record Acquisitions Year Weighted Average GAAP Rate of 8.2% for 2019 YTD Acquisitions Transactions Immediately Accretive; Increases Run Rate Guidance for Net Income to $1.08 to $1.12 and NFFO to $1.54 to $1.58 Per Share BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Medical Properties Trust, Inc. (“MPT” or ...
  • Vornado Completes the Sale of Its 25% Interest in 330 Madison Avenue

    Source: GlobeNewswire
    Thu, 11 Jul 2019 17:17:00 EDT
    NEW YORK, July 11, 2019 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE:VNO) announced today that it has completed the previously announced sale of its 25% interest in 330 Madison Avenue to its partner at a $900 million valuation. Net proceeds to Vornado, after deducting the existing $500 million mortgage loan, is approximately $100 million. The financial statement gain, which will be ...
  • American Landmark/Electra America Submits Arrangement Agreement to Pure Multi-Family REIT

    Source: GlobeNewswire
    Thu, 11 Jul 2019 17:00:00 EDT
    LAKE PARK, Fla., July 11, 2019 (GLOBE NEWSWIRE) -- With Pure Multi-Family REIT LP (TO:RUF.U) (TO:RUF.UN) (“Pure”) still having failed to substantively respond to a proposal by American Landmark/Electra America (“ALEA”), the owner and operator of multifamily properties in the U.S., to acquire 100% of the outstanding Class A Units (“Units”) of Pure for an all-cash price per Unit of US$7.61 ...
  • Gladstone Land Acquires 324 Acres of Coastal Farmland in Salinas, California

    Source: GlobeNewswire
    Thu, 11 Jul 2019 16:05:00 EDT
    MCLEAN, Va., July 11, 2019 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (NASDAQ: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired 324 gross acres of farmland in Monterey County, California, for $9.0 million. The farm, located in Salinas, California, is used to grow strawberries and vegetables. In connection with the acquisition, the Company also entered into a ...
  • Compass Point Hires Merrill Ross and Floris van Dijkum to Cover Real Estate Investment Trusts

    Source: GlobeNewswire
    Thu, 11 Jul 2019 15:30:00 EDT
    WASHINGTON, July 11, 2019 (GLOBE NEWSWIRE) -- Compass Point Research & Trading, LLC (“Compass Point”), a leading boutique investment bank, is pleased to announce the expansion of its Equity Research Team with the hiring of Merrill Ross and Floris van Dijkum to cover real estate investment trusts (REITs). Ms. Ross joins Compass Point as a Managing Director and Senior Research Analyst covering ...
  • Gladstone Commercial Amends, Extends and Upsizes Existing Credit Facility

    Source: GlobeNewswire
    Tue, 09 Jul 2019 16:15:00 EDT
    MCLEAN, Va., July 09, 2019 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (NASDAQ: GOOD) ("Gladstone Commercial" or the “Company”), a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties, announced today that it amended, extended and upsized its existing, syndicated revolving credit and term loan facility from $160 million to ...
  • Black Creek Group Expands Footprint with Acquisition of Two Multifamily Properties

    Source: GlobeNewswire
    Tue, 09 Jul 2019 15:57:00 EDT
    DENVER, July 09, 2019 (GLOBE NEWSWIRE) -- Black Creek Group, a Denver-based real estate investment manager and development firm with a more than 25-year history, today announced the acquisition of two multifamily properties through its investment platform, Black Creek Diversified Property Fund–a perpetual-life, non-traded monthly NAV REIT that owns and operates high-quality commercial real ...
  • Innovative Industrial Properties Acquires Michigan Property and Expands Real Estate Partnership with AWH

    Source: Business Wire
    Tue, 09 Jul 2019 07:00:00 EDT
    SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Lansing, Michigan, which comprises approximately 145,000 square feet of industrial space. The purchase price for the ...
  • KBS Embarks on a $20 Million Repositioning Project for Union Bank Plaza in Downtown Los Angeles

    Source: Business Wire
    Tue, 09 Jul 2019 06:00:00 EDT
    KBS continues its commitment to DTLA by adding state-of-the-art amenities and features that will help this iconic part of the skyline “be seen in a new light” NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- KBS, one of the largest owners of commercial real estate, has announced the start of a $20 million renovation that will give Downtown Los Angeles’ iconic Union Bank Plaza (UBP) multiple ...
  • American Landmark/Electra America Again Calls on Pure Multi-Family REIT to Negotiate

    Source: GlobeNewswire
    Mon, 08 Jul 2019 17:58:00 EDT
    LAKE PARK, Fla., July 08, 2019 (GLOBE NEWSWIRE) -- With Pure Multi-Family REIT LP (TO:RUF.U) (TO:RUF.UN) (“Pure”) still having failed to substantively respond to a proposal by American Landmark/Electra America (“ALEA”), the owner and operator of multifamily properties in the U.S., to acquire 100% of the outstanding Class A Units (“Units”) of Pure for an all-cash price per Unit of US$7.61 ...
  • Automotive Properties REIT Completes $84 Million Equity Offering

    Source: Canada Newswire
    Fri, 28 Jun 2019 08:12:00 EDT
    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ TORONTO, June 28, 2019 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) ("Automotive Properties REIT" or the "REIT") announced today that it has closed its previously announced bought deal public offering of 8,000,000 units at a price of $10.45 per unit to a syndicate of underwriters, ...
  • ERES REIT announces closing of €98MM additional portfolio acquisition

    Source: Canada Newswire
    Fri, 28 Jun 2019 08:09:00 EDT
    TORONTO, June 28, 2019 /CNW/ - European Residential Real Estate Investment Trust (TSX-V:ERE.UN, "ERES") and Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN, "CAPREIT") are pleased to announce the closing of the previously announced acquisition by ERES from CAPREIT (the "Pipeline Acquisition"), effective June 30, 2019, of a portfolio comprised of 21 properties, ...
  • Armada Hoffler Properties Completes the Acquisition of Thames Street Wharf in Baltimore’s Harbor Point

    Source: GlobeNewswire
    Thu, 27 Jun 2019 06:00:00 EDT
    VIRGINIA BEACH, Va., June 27, 2019 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) announced today that it has completed the previously announced acquisition of Thames Street Wharf, a certified LEED Gold Class A office building located in the Harbor Point development of Baltimore, Maryland. The 263,426 square foot trophy office building is 100% occupied and anchored by Morgan ...
  • Postal Realty Trust, Inc. Declares Initial Pro-Rated Dividend

    Source: Business Wire
    Wed, 26 Jun 2019 16:34:00 EDT
    CEDARHURST, N.Y.--(BUSINESS WIRE)-- Postal Realty Trust, Inc. (NYSE:PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages properties leased to the United States Postal Service (the “USPS”), announced today that its board of directors has approved the initial dividend on the Company’s Class A common stock in the amount of $0.063 per share. The initial ...
  • American Landmark/Electra America Proposes to Acquire Pure Multi-Family REIT at an all-Cash Price of US$7.61 (CDN$10.03) Per Unit

    Source: GlobeNewswire
    Wed, 26 Jun 2019 16:31:00 EDT
    LAKE PARK, Fla., June 26, 2019 (GLOBE NEWSWIRE) -- American Landmark/Electra America (“ALEA”), the owner and operator of multifamily properties in the U.S., announced that it has today submitted to the Board of Pure Multi-Family REIT LP (TO:RUF.U) (TO:RUF.UN) (“Pure”) a written proposal to acquire 100% of the outstanding Class A Units (“Units”) of Pure for an enhanced all-cash price per Unit ...
  • FCPT Announces Acquisition of a Wendy’s Restaurant for $2.0 Million

    Source: Business Wire
    Wed, 26 Jun 2019 16:05:00 EDT
    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 a Wendy’s restaurant for $2.0 million. The property is located in Ohio and is leased to MUY! Hamburger Partners (operator of 312 Wendy’s ...
  • Resource Apartment REIT III, Inc. Purchases The Summit

    Source: GlobeNewswire
    Wed, 26 Jun 2019 09:55:00 EDT
    PHILADELPHIA, June 26, 2019 (GLOBE NEWSWIRE) -- Resource Apartment REIT III, Inc. (the “REIT”), through its operating partnership, completed the purchase of The Summit, a 141-unit high-rise apartment community located in Alexandria, Virginia, a suburb of Washington, D.C. Built in 1976, The Summit features spacious floorplans and an amenity package that includes a fitness center and an outdoor ...
  • Zoom Expands Its Lease at KBS’ The Almaden to More than 87,000 Square Feet

    Source: Business Wire
    Tue, 25 Jun 2019 06:00:00 EDT
    NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- KBS, one of the largest owners of commercial real estate, announced today that Zoom Video Communications, Inc., a video-first unified communications provider, renewed and expanded its lease to 87,025 square feet at The Almaden in San Jose, California. The property is owned by KBS Real Estate Investment Trust III. This press release features multimedia. ...
  • Kilroy Realty Signs Lease With Fortune 50 Company for 100% of 333 Dexter in Seattle

    Source: Business Wire
    Mon, 24 Jun 2019 17:22:00 EDT
    LOS ANGELES--(BUSINESS WIRE)-- Kilroy Realty Corporation (NYSE: KRC) today announced that it has signed a long-term lease with a Fortune 50 publicly-traded company for 100% of 333 Dexter, a 635,000 square foot project located in the South Lake Union submarket of Seattle. 333 Dexter is KRC’s first ground-up development in Seattle and is scheduled for completion in late 2019. The lease is a ...
  • Pebblebrook Hotel Trust Executes Contract to Sell Rouge Hotel

    Source: Business Wire
    Mon, 24 Jun 2019 07:30:00 EDT
    BETHESDA, Md.--(BUSINESS WIRE)-- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it executed a contract to sell the 137-room Rouge Hotel in Washington, D.C. for $42.0 million to a third party. The contracted sale price reflects a 17.4x EBITDA multiple and a 5.0% net operating income capitalization rate based on the hotel’s operating performance for 2018. Based on the ...
  • Innovative Industrial Properties Acquires Michigan Property and Enters Into Long-Term Lease with Emerald Growth Partners

    Source: Business Wire
    Fri, 21 Jun 2019 07:00:00 EDT
    SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Harrison, Michigan, which comprises approximately 45,000 square feet of industrial space. The purchase price for the ...
  • Global Net Lease, Inc. Announces Series A Preferred Stock Dividend

    Source: PR Newswire
    Fri, 21 Jun 2019 06:00:00 EDT
    NEW YORK, June 21, 2019 /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: GNL/ GNL PRA) announced today that it intends to continue to pay dividends on a quarterly basis on its 7.25% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") at an annualized rate of $1.8125 per share or $0.453125 per share on a quarterly basis. Dividends on the Series A Preferred Stock ...
  • American Assets Trust, Inc. Acquires La Jolla Commons in San Diego, California

    Source: GlobeNewswire
    Thu, 20 Jun 2019 16:23:00 EDT
    SAN DIEGO, June 20, 2019 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “Company”) has successfully closed on the acquisition of La Jolla Commons, consisting of two trophy office towers, an entitled development parcel and two parking structures, located in the preeminent University Town Center submarket of San Diego, California. The two LEED platinum office towers at La Jolla ...
  • NHI to Participate in 2019 JMP Securities Boston Real Estate Forum

    Source: Business Wire
    Thu, 20 Jun 2019 16:15:00 EDT
    MURFREESBORO, Tenn.--(BUSINESS WIRE)-- National Health Investors (NYSE: NHI) announced that President and CEO, Eric Mendelsohn, and John Spaid, EVP, Finance, will be meeting with institutional investors at the 2019 JMP Securities Boston Real Estate Conference. The conference will take place on June 27th at the Boston Harbor Hotel in Boston, Massachusetts. About NHI Incorporated in 1991, ...
  • Community Exchange Holdings Deploys Interconnection Platforms in QTS' Miami, Atlanta and Suwanee, GA Data Centers

    Source: PR Newswire
    Thu, 20 Jun 2019 09:00:00 EDT
    MIAMI and ATLANTA and SUWANEE, Ga., June 20, 2019 /PRNewswire/ -- Responding to increasing demand for diverse, open interconnection, QTS Realty Trust (NYSE: QTS), a leading provider of hybrid colocation and mega scale data center solutions, today announced that Community IX Holdings (CIX) has deployed its next-generation interconnection platform in QTS' data centers in Miami, Atlanta and ...
  • Easterly Government Properties Announces Lease Award for the Development of 162,000 SF FDA Laboratory in Atlanta, Georgia

    Source: Business Wire
    Thu, 20 Jun 2019 09:00:00 EDT
    ~ Easterly’s Third and Largest FDA Laboratory Development Project ~ WASHINGTON--(BUSINESS WIRE)-- Easterly Government Properties, Inc. (NYSE: DEA) (“Easterly”), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has been awarded a 20 year ...
  • Carr Properties Together With National Real Estate Advisors and the HYM Investment Group Break Ground on One Congress

    Source: PR Newswire
    Thu, 20 Jun 2019 07:08:00 EDT
    BOSTON, June 20, 2019 /PRNewswire/ -- Mayor Martin J. Walsh, Carr Properties, National Real Estate Advisors, LLC and The HYM Investment Group will break ground today on One Congress, the 600-foot tall office tower that will house the future headquarters of State Street Corporation. The building, part of the Bulfinch Crossing redevelopment, is owned through a 50-50 joint venture between Carr ...
  • Slate Retail REIT to Release Second Quarter 2019 Results

    Source: Business Wire
    Wed, 19 Jun 2019 18:23:00 EDT
    TORONTO--(BUSINESS WIRE)-- Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN) (the "REIT"), an owner of U.S. grocery-anchored real estate, announced today that it will be releasing its second quarter 2019 results before market hours on Wednesday, July 31, 2019. Senior management will host a live conference call at 9:00 am ET on Wednesday, July 31, 2019 to discuss the results and ongoing business ...
  • Two Harbors Investment Corp. Announces Second Quarter 2019 Common and Preferred Stock Dividends

    Source: Business Wire
    Wed, 19 Jun 2019 16:19:00 EDT
    NEW YORK--(BUSINESS WIRE)-- Two Harbors Investment Corp. (NYSE: TWO), a leading hybrid mortgage real estate investment trust, today declared a dividend of $0.40 per share of common stock for the second quarter of 2019. This dividend is payable on July 29, 2019 to common stockholders of record at the close of business on July 1, 2019. Two Harbors distributes common stock dividends based on its ...
  • SmartRent Raises $32 Million to Support Rapid Growth and Large-Scale Deployments with Major Multifamily Organizations

    Source: Business Wire
    Wed, 19 Jun 2019 09:00:00 EDT
    Bain Capital Ventures Leads the Smart Home Company’s Latest Round of Financing; Fred Tuomi to Join Board of Directors PHOENIX--(BUSINESS WIRE)-- SmartRent, the smart home automation platform company for multifamily property managers and renters, today announced it has closed a $32 million Series B funding round led by Bain Capital Ventures along with additional investment from RET Ventures and ...
  • Tremont Mortgage Trust Provides $14.5 Million First Mortgage Bridge Loan for the Acquisition of Baker Square Shopping Center in Omaha, NE

    Source: Business Wire
    Tue, 18 Jun 2019 16:15:00 EDT
    NEWTON, Mass.--(BUSINESS WIRE)-- Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $14.5 million first mortgage bridge loan it provided to finance the acquisition of Baker Square Shopping Center, a 158,380 square foot retail center in Omaha, Nebraska. This floating rate loan includes initial funding of $13 million and a future funding allowance of approximately $1.5 ...
  • Gladstone Commercial Announces $17.75 Million Industrial Acquisition in Tifton, GA

    Source: GlobeNewswire
    Tue, 18 Jun 2019 16:05:00 EDT
    MCLEAN, Va., June 18, 2019 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (NASDAQ: GOOD) (“Gladstone Commercial”) announced today that it acquired a 676,031 square foot industrial distribution center in Tifton, Georgia, for $17.75 million. The property is 100% leased to Orgill, Inc. (“Orgill”) with eight and one half (8.5) years of remaining lease term. Orgill utilizes the property as a ...
  • SEC Qualifies DiversyFund to Drop Investment Minimums for Real Estate Fund to $500

    Source: PR Newswire
    Tue, 18 Jun 2019 08:00:00 EDT
    SAN DIEGO, June 18, 2019 /PRNewswire/ -- DiversyFund, a financial tech company providing everyday Americans with the same investment opportunities as the wealthy, announced today it has received qualification from the U.S. Securities and Exchange Commission (SEC) to lower the minimum amount required to invest in its commercial real estate investment trust (REIT) to $500. DiversyFund's Growth ...
  • Treehouse Real Estate Investment Trust, Inc. Announces Acquisition of Cannabis-Use Retail Facility in Arizona

    Source: Business Wire
    Tue, 18 Jun 2019 07:00:00 EDT
    LOS ANGELES--(BUSINESS WIRE)-- Treehouse Real Estate Investment Trust, Inc. (“Treehouse” or the “Company”) announced today that it has completed the acquisition of a future flagship, build-to-suit cannabis-use retail store in Tempe, Arizona. “We are excited to announce our first acquisition in the State of Arizona,” said Ryan Nelson, Senior Associate at Treehouse Real Estate Investment Trust. ...
  • Cousins Properties Closes Merger With TIER REIT

    Source: PR Newswire
    Fri, 14 Jun 2019 12:05:00 EDT
    ATLANTA, June 14, 2019 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today the closing of its stock-for-stock merger with TIER REIT, Inc. (NYSE: TIER). Shares of TIER common stock will be de-listed after the close of trading today. About Cousins Properties Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, ...
  • HBC Reports First Quarter 2019 Financial Results

    Source: Business Wire
    Thu, 13 Jun 2019 07:00:00 EDT
    Revenues totaled $2.1 billion, with comparable sales up 0.3%, excluding Home Outfitters and Lord + Taylor currently undergoing a review of strategic alternatives Saks Fifth Avenue comparable sales up 2.4%, continuing to deliver industry-leading results with a two-year stacked comp of 8.4% Saks OFF 5TH returned to growth, with a 4.4% comp in the first quarter Net income of $275 million in the ...
  • Cousins Properties And TIER REIT Stockholders Approve Merger

    Source: PR Newswire
    Thu, 13 Jun 2019 06:55:00 EDT
    ATLANTA and DALLAS, June 13, 2019 /PRNewswire/ -- Cousins Properties ("Cousins") (NYSE: CUZ) and TIER REIT, Inc. ("TIER") (NYSE: TIER) announced today that the stockholders of both companies approved all of the proposals necessary for the closing of the previously announced stock-for-stock merger between Cousins and TIER. At the special meeting of Cousins stockholders, approximately 99.96% of ...
  • American Campus Communities, Inc. Announces Pricing of $400 Million 3.300 Percent Senior Unsecured Notes Due 2026

    Source: Business Wire
    Wed, 12 Jun 2019 16:47:00 EDT
    AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that its operating partnership, American Campus Communities Operating Partnership LP, priced a $400 million offering of senior unsecured notes under its existing shelf registration. These seven-year notes ...
  • Apollo Commercial Real Estate Finance, Inc. Announces Preferred Dividend

    Source: GlobeNewswire
    Wed, 12 Jun 2019 16:15:00 EDT
    NEW YORK, June 12, 2019 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Board of Directors declared a cash dividend on the Company’s 8.00% Fixed-to-Floating Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred”) of $0.50 per share for the quarterly period from April 15, 2019 to, but not including, July ...
  • Summit Industrial Income REIT Announces Completion of $149.5 Million Equity Offering

    Source: Canada Newswire
    Wed, 12 Jun 2019 08:30:00 EDT
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TORONTO, June 12, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (TSX: SMU.UN) announced today that it has completed its previously announced public offering (the "Offering") of 11,960,000 units at a price of $12.50 per unit for total gross proceeds of approximately $149.5 ...
  • American Assets Trust, Inc. Announces Proposed Public Offering of Common Stock

    Source: GlobeNewswire
    Mon, 10 Jun 2019 16:02:00 EDT
    SAN DIEGO, June 10, 2019 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “Company”) announced today that it has commenced an underwritten public offering of 9,500,000 shares of its common stock. In connection with this offering, the Company plans to grant the underwriters a 30-day option to purchase up to 1,425,000 additional shares of its common stock. The Company intends to ...
  • HBC Agrees to Sell Remaining European Real Estate and Divest Related Retail Joint Venture for $1.5 Billion

    Source: Business Wire
    Mon, 10 Jun 2019 08:56:00 EDT
    Solidifies HBC’s strategic focus on North American operations and greatest opportunities for growth - Saks Fifth Avenue and Hudson’s Bay Transaction betters real estate mark established in September 2018 for same assets Proceeds to be used to strengthen HBC’s balance sheet by fully repaying term loan TORONTO & NEW YORK--(BUSINESS WIRE)-- HBC (TSX: HBC) has entered into definitive agreements to ...
  • 3650 REIT Originates $135 Million 10-Year Loan to Refinance Selig Office Portfolio

    Source: Business Wire
    Mon, 10 Jun 2019 08:44:00 EDT
    SEATTLE--(BUSINESS WIRE)-- 3650 REIT (“3650”), a balance-sheet lender focused on creating long-term relationships by originating, servicing and asset managing long- and short-term fixed-rate commercial real estate loans through maturity, has funded a $135 million 10-year, first-mortgage loan to Martin Selig Real Estate to refinance the Selig Office Portfolio, which comprises nearly 403,000 ...
  • Medical Properties Trust Completes A$1.2 Billion Investment in Eleven Healthscope Hospitals

    Source: Business Wire
    Thu, 06 Jun 2019 16:05:00 EDT
    BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has completed the previously announced A$1.2 billion acquisition of the real estate interests of 11 Australian hospitals operated by Healthscope Ltd. The Company financed the acquisition with a A$1.2 billion unsecured five-year term, Australian-denominated loan with a ...
  • Arbor Realty Trust Closes Eleventh Collateralized Securitization Vehicle

    Source: GlobeNewswire
    Wed, 05 Jun 2019 16:10:00 EDT
    UNIONDALE, N.Y., June 05, 2019 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced the closing of a $650 million commercial real estate mortgage securitization (the “Securitization”). An aggregate of $533 million of investment grade-rated notes were issued (the “Notes”) and Arbor retained subordinate interests in the issuing vehicle of $117 million. The $650 million of ...
  • CIM Commercial Trust Declares Common and Series A Preferred Stock Dividends

    Source: Business Wire
    Tue, 04 Jun 2019 19:50:00 EDT
    DALLAS--(BUSINESS WIRE)-- CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per common ...
  • One Liberty Properties Acquires Two Industrial Properties

    Source: GlobeNewswire
    Tue, 04 Jun 2019 16:05:00 EDT
    GREAT NECK, N.Y., June 04, 2019 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), announced that it acquired two industrial properties for an aggregate purchase price of $11.8 million. On May 30, 2019, One Liberty acquired a 100,000 square foot industrial facility on 4.6 acres located three miles east of downtown Nashville, Tennessee, for $8 million. The property is leased to two ...
  • Pickard Chilton Tapped by Boston Properties to Design 325 Main, Google's New Cambridge HQ

    Source: PR Newswire
    Tue, 04 Jun 2019 10:44:00 EDT
    NEW HAVEN, Conn., June 4, 2019 /PRNewswire/ -- Pickard Chilton, an award-winning architecture studio best known for its innovative and cutting-edge design of corporate headquarters and campuses, has been selected by developer Boston Properties to design a 16-story, 417,000 gsf office tower at 325 Main Street in Cambridge, Mass. Pickard Chilton's latest project will serve as Google's new ...
  • Small Exchange Partners with CyrusOne to Provide Access to New Future Exchanges in Aurora

    Source: Business Wire
    Tue, 04 Jun 2019 09:00:00 EDT
    The Financial Industry’s Preeminent Data Center Campus Provides Secure and Fast Access for Small Exchange Customers CHICAGO--(BUSINESS WIRE)-- CyrusOne (NASDAQ: CONE), a premier global data center REIT, and the Small Exchange, today jointly announced the exchange will reside within CyrusOne’s Aurora data center campus. The exchange is launching proprietary indices in equities, interest rates, ...
  • NHI Expands Discovery Relationship with $128.4 Million Joint Venture

    Source: Business Wire
    Tue, 04 Jun 2019 06:00:00 EDT
    - Commits $6 Million to Mortgage Loan - MURFREESBORO, Tenn.--(BUSINESS WIRE)-- National Health Investors, Inc. (NYSE: NHI) announced today that it has entered into a property-company joint venture with affiliates of its current tenant, Discovery Senior Living (“Discovery”). Six properties, located in Pennsylvania, Maryland and Indiana, will be purchased by the joint venture for $128,350,000, ...
  • Federal Realty Investment Trust Completes Sale of Free State Shopping Center

    Source: PR Newswire
    Mon, 03 Jun 2019 16:42:00 EDT
    ROCKVILLE, Md., June 3, 2019 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) announced today the sale of Free State Shopping Center to New Market Properties, LLC, a wholly-owned indirect subsidiary of Preferred Apartment Communities, Inc., for $72.0 million. Free State Shopping Center is a 264,000 square foot Giant Food anchored shopping center located in Bowie, Maryland. "The sale ...
  • Urstadt Biddle Properties Inc. Announces Quarterly Dividends on Class A Common and Common Shares

    Source: Business Wire
    Mon, 03 Jun 2019 16:15:00 EDT
    GREENWICH, Conn.--(BUSINESS WIRE)-- At their quarterly meeting today, the Directors of Urstadt Biddle Properties Inc. (NYSE: UBA and UBP), declared quarterly dividends on the Company’s Class A Common Stock and Common Stock. The dividends were declared in the amounts of $0.275 for each share of Class A Common Stock and $0.245 for each share of Common Stock. The dividends are payable July 19, ...
  • W. P. Carey Inc. and Extra Space Storage Inc. Announce Self-Storage Net Lease Transaction

    Source: PR Newswire
    Mon, 03 Jun 2019 16:15:00 EDT
    NEW YORK, June 3, 2019 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, and Extra Space Storage Inc. (NYSE: EXR), a leading owner and operator of self-storage facilities in the U.S. and a member of the S&P 500, today jointly announced that they have entered ...
  • EastGroup Properties Announces Recent Business Activity

    Source: PR Newswire
    Mon, 03 Jun 2019 15:23:00 EDT
    JACKSON, Miss., June 3, 2019 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) announced today its recent business activity. In late April, EastGroup Properties, Inc. (the "Company" or "EastGroup") acquired Logistics Center 6 & 7, which contains a total of 142,000 square feet of multi-tenant business distribution space in two buildings in Dallas. The buildings, which are located in a ...
  • Easterly Government Properties Announces Disposition of 59,322 SF U.S. Customs & Border Protection Facility in Chula Vista, California

    Source: Business Wire
    Tue, 28 May 2019 09:15:00 EDT
    WASHINGTON--(BUSINESS WIRE)-- Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has sold its 59,322-square foot U.S. Customs and Border Protection (CBP) facility located in Chula Vista, California ...
  • Easterly Government Properties Acquires 137,679 SF FBI Field Office in New Orleans, Louisiana

    Source: Business Wire
    Tue, 28 May 2019 09:00:00 EDT
    WASHINGTON--(BUSINESS WIRE)-- Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to U.S. Government agencies, announced today that it has acquired a 137,679-square foot Federal Bureau of Investigation (FBI) Field Office in New Orleans, Louisiana ...
  • Medical Properties Trust Acquires 46% Interest in $900 Million Portfolio of Premier Swiss Hospitals

    Source: Business Wire
    Tue, 28 May 2019 08:30:00 EDT
    MPT’s First Investment in Switzerland Provides Attractive Yield and Pathway to Additional Growth in Swiss Market BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has acquired for $236.5 million a 46% stake in Swiss healthcare real estate company Infracore SA (“Infracore”) from previous majority shareholder, Aevis ...

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