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  • Redwood Trust Closes First Single-Family Rental Securitization Since The Acquisition Of CoreVest; CoreVest's Tenth Securitization Since 2015

    Source: PR Newswire
    Fri, 22 Nov 2019 09:15:00 EST
    MILL VALLEY, Calif., Nov. 22, 2019 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT) today announced it closed its first securitization backed by single-family rental (SFR) loans since its October 15th acquisition of CoreVest, a leading nationwide originator of business-purpose residential loans (BPLs). This transaction, CAFL 2019-3, closed on November 14th and marks the tenth and largest ...
  • NexPoint-Advised Real Estate Vehicle Acquires Portfolio of 951 Single-Family Rental Homes

    Source: PR Newswire
    Fri, 22 Nov 2019 07:00:00 EST
    DALLAS, Nov. 22, 2019 /PRNewswire/ -- NexPoint, a multibillion-dollar alternative investment platform, announced today the recent acquisition of a single-family rental home portfolio by a NexPoint-advised private placement real estate investment trust. The trust is managed by VineBrook Homes, LLC (together "VineBrook"), a real estate company that specializes in acquiring, renovating, and ...
  • Medical Properties Trust Announces Pricing of £400,000,000 2.550% Senior Notes Due 2023 and £600,000,000 3.692% Senior Notes Due 2028

    Source: Business Wire
    Thu, 21 Nov 2019 17:49:00 EST
    BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Medical Properties Trust, Inc. (the “Company”) (NYSE: MPW) announced today the pricing of its previously announced public offering of sterling-denominated notes, to be issued by its operating partnership, MPT Operating Partnership, L.P. (the “Operating Partnership”), and MPT Finance Corporation, a wholly-owned subsidiary of the Operating Partnership (“MPT ...
  • Healthpeak Properties™ Named a Top 50 ESG Company by Investor's Business Daily

    Source: PR Newswire
    Thu, 21 Nov 2019 16:15:00 EST
    IRVINE, Calif., Nov. 21, 2019 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) announced today that it was named to the inaugural Top 50 ESG Companies list by Investor's Business Daily (IBD). The list recognizes U.S. public companies with exceptional environmental, social and governance (ESG) performance and relative financial strength. "We are proud to be recognized for our leading ...
  • FCPT Announces Acquisition of a Taco Bell Restaurant Property From Brookfield Properties for $396,000 Dollars

    Source: Business Wire
    Thu, 21 Nov 2019 16:05:00 EST
    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 Taco Bell restaurant property for $396,000 dollars from Brookfield Properties. The property is an outparcel to a Brookfield owned ...
  • Groundbreaker Raises $2M, Led by Andrew Bluhm, to Accelerate Innovation of Its Real Estate Investment Management Software

    Source: PR Newswire
    Thu, 21 Nov 2019 07:00:00 EST
    CHICAGO, Nov. 21, 2019 /PRNewswire/ -- Groundbreaker, a software solution for real estate investment firms, is excited to announce a $2 million investment round. Bootstrapped since 2015, Groundbreaker supports $3 billion in assets under management and thousands of individual investors. Andrew Bluhm, of the family behind Rivers Casino, Walton Street Capital, and marquee Chicago properties, led ...
  • Strategic Storage Growth Trust II, Inc. Acquires 660-Unit Self Storage Facility in Seattle, Washington Suburb

    Source: PR Newswire
    Thu, 21 Nov 2019 06:00:00 EST
    SEATTLE, Nov. 21, 2019 /PRNewswire/ -- Strategic Storage Growth Trust II, Inc. ("SSGT II"), a private real estate investment trust sponsored by an indirect subsidiary of SmartStop Self Storage REIT, Inc., announced today its acquisition of a 660-unit self storage facility in Mill Creek, a suburb of Seattle, Washington. "This highly visible facility is located near the intersection of ...
  • ExchangeRight Fully Subscribes $117.1 Million Net-Leased DST Offering

    Source: Business Wire
    Wed, 20 Nov 2019 09:00:00 EST
    PASADENA, Calif.--(BUSINESS WIRE)-- ExchangeRight, one of the nation’s largest sponsors of securitized 1031-exchangeable real estate investments, has fully subscribed its $117.1 million Net-Leased Portfolio 28 DST offering. The offering launched in July 2019 and is invested in properties with long-term net leases backed by investment-grade tenants operating successfully in the necessity retail ...
  • Global Self Storage Completes Acquisition of 458-unit Property in West Henrietta, New York

    Source: Accesswire
    Tue, 19 Nov 2019 17:20:00 EST
    NEW YORK, NY / ACCESSWIRE / November 19, 2019 / Global Self Storage, Inc. (NASDAQ: SELF) a real estate investment trust that owns, operates, manages, acquires, develops and redevelops self-storage properties, has completed its acquisition of Erie Station Storage, a self-storage property, for $6.2 million.The property is located in the growing upstate suburban community of West Henrietta, New ...
  • Morguard North American Residential REIT Declares November 2019 Distribution of $0.0583 per Unit

    Source: Canada Newswire
    Fri, 15 Nov 2019 10:00:00 EST
    MISSISSAUGA, ON, Nov. 15, 2019 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced that it has declared a distribution of $0.0583 per unit for the month of November 2019. The distribution will be payable on December 16, 2019 to unitholders of record as at November 29, 2019. About Morguard North American Residential REIT The REIT ...
  • Preferred Apartment Communities, Inc. Announces Acquisition of a Grocery-Anchored Shopping Center Through its Wholly-Owned Indirect Subsidiary, New Market Properties, LLC

    Source: PR Newswire
    Thu, 14 Nov 2019 16:20:00 EST
    ATLANTA, Nov. 14, 2019 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced its acquisition of Berry Town Center, a 99,441 square foot shopping center anchored by a high-performing Publix grocery store. Berry Town Center is located in the greater Orlando area five miles southwest of Disney World, Orlando's largest employer. Berry Town ...
  • Highwoods Closes $436 Million Acquisition of Bank of America Tower at Legacy Union in CBD Charlotte

    Source: GlobeNewswire
    Thu, 14 Nov 2019 16:05:00 EST
    RALEIGH, N.C., Nov. 14, 2019 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has closed the acquisition of Bank of America Tower at Legacy Union in the heart of Charlotte’s dynamic Uptown CBD submarket for a total investment of $436 million. Bank of America Tower at Legacy Union is a trophy, LEED gold-registered office building encompassing 841,000 square feet with structured parking ...
  • Arbor Realty Trust Closes Twelfth Collateralized Securitization Vehicle

    Source: GlobeNewswire
    Wed, 13 Nov 2019 16:10:00 EST
    UNIONDALE, N.Y., Nov. 13, 2019 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced the closing of a $635 million commercial real estate mortgage securitization (the “Securitization”). An aggregate of approximately $534 million of investment grade-rated notes were issued (the “Notes”) and Arbor retained subordinate interests in the issuing vehicle of approximately $101 ...
  • Dream Unlimited Corp. Reports Third Quarter Results, Successful Unitholder Approval of the Sale of Dream Global REIT in a Transaction Valued at $6.2 Billion and Announces Intention to Commence $110 Million Substantial Issuer Bid

    Source: GlobeNewswire
    Tue, 12 Nov 2019 17:25:00 EST
    This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release. Dream's developments in the east end of downtown Toronto TORONTO, Nov. 12, 2019 (GLOBE NEWSWIRE) -- Dream Unlimited Corp. (TSX: DRM and DRM.PR.A) (“Dream”, “the Company” or “we”) today announced ...
  • FCPT Announces Acquisition of a Buffalo Wild Wings Property for $2.0 Million

    Source: Business Wire
    Tue, 12 Nov 2019 16:05:00 EST
    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 $2.0 million. The property is located in Wisconsin and is occupied ...
  • Strategic Storage Trust IV Acquires Four-Facility Self Storage Portfolio in North Carolina, Virginia and Florida

    Source: PR Newswire
    Tue, 12 Nov 2019 14:52:00 EST
    LADERA RANCH, Calif., Nov. 12, 2019 /PRNewswire/ -- Strategic Storage Trust IV, Inc., a public non-traded real estate investment trust sponsored by SmartStop Self Storage REIT, Inc., announced today the acquisition of a 3,500-unit portfolio consisting of four newly constructed self storage facilities located in Charlotte, North Carolina; Charlottesville, Virginia; and Ocoee, Florida. "This ...
  • ExchangeRight Fully Subscribes $94 Million DST Offering During Record-Breaking Q3

    Source: Business Wire
    Tue, 12 Nov 2019 09:00:00 EST
    PASADENA, Calif.--(BUSINESS WIRE)-- ExchangeRight, one of the nation’s largest sponsors of securitized 1031-exchangeable real estate investments, has fully subscribed its $94 million Net-Leased Portfolio 27 DST offering. The offering launched in May 2019 and is invested in properties with long-term net leases backed by investment-grade tenants operating successfully in necessity retail and ...
  • Welltower Expands Outpatient Medical Platform Through Acquisition of Hammes and 4 Other Transactions of Class-A Properties, Totaling $1.7 Billion

    Source: PR Newswire
    Mon, 11 Nov 2019 16:20:00 EST
    TOLEDO, Ohio, Nov. 11, 2019 /PRNewswire/ -- Welltower Inc. (NYSE: WELL) today announced that it has entered into a definitive agreement under which Welltower will acquire a 29-property Class-A medical office building portfolio from Hammes Partners ("Hammes") for $787 million. Separately, Welltower announced an additional gross investment volume of $885 million across four separate outpatient ...
  • BSR REIT Announces Sale of Nine Noncore Assets for $119.2 Million

    Source: Canada Newswire
    Fri, 08 Nov 2019 11:57:00 EST
    LITTLE ROCK, AR and TORONTO, Nov. 8, 2019 /CNW/ - BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX:HOM.U and HOM.UN) announced today that it has sold nine noncore assets, comprising 1,423 apartment units, as part of the REIT's portfolio enhancement and capital recycling strategy. The gross consideration of $119.2 million is in line with initial public offering (IPO) appraised ...
  • Rexford Industrial Acquires Industrial Property for $27.6 Million

    Source: PR Newswire
    Fri, 08 Nov 2019 07:00:00 EST
    LOS ANGELES, Nov. 8, 2019 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in industrial properties located in Southern California infill markets, today announced the acquisition of an industrial property for $27.6 million. The acquisition was funded using cash on hand and ...
  • Northview Apartment REIT Announces Q3 2019 Financial Results, Multi-Family Same Door NOI Growth of 4.4%, Fair Value Gains of $122 Million and Reduced Leverage

    Source: GlobeNewswire
    Thu, 07 Nov 2019 17:00:00 EST
    CALGARY, Alberta, Nov. 07, 2019 (GLOBE NEWSWIRE) -- Northview Apartment Real Estate Investment Trust (“Northview”) (NVU.UN – TSX), today announced financial results for the three and nine months ended September 30, 2019. HIGHLIGHTS Same door NOI increase of 3.4%, including a 4.4% increase for the multi-family business segment, with increases in all regions in the third quarter of ...
  • True North Commercial Real Estate Investment Trust Announces $70 Million Equity Offering and Two Potential High Quality, Class “A”, BOMA Best Gold, and LEED Gold Certified GTA Acquisitions

    Source: GlobeNewswire
    Thu, 07 Nov 2019 15:28:00 EST
    Accretive Acquisitions and Enhanced Presence in GTA with 621,300 Square Feet and 5.8 Years Average Remaining Lease Term /NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/ TORONTO, Nov. 07, 2019 (GLOBE NEWSWIRE) -- True North Commercial Real Estate Investment Trust (the "REIT") (TSX: TNT.UN) is pleased to announce it has entered into an agreement with a syndicate of underwriters led by ...
  • Bleutech Park Anchors $7.5 Billion Digital Infrastructure City At South End Of Las Vegas Strip

    Source: PR Newswire
    Thu, 07 Nov 2019 07:11:00 EST
    LAS VEGAS, Nov. 7, 2019 /PRNewswire/ -- Bleutech Park, a first-of-its-kind, $7.5 billion energy-efficient mini-city, has secured a parcel of land at the south end of the Las Vegas Strip. Located at Las Vegas Blvd. South and Cactus, the project will sit atop 210 acres, ushering in an unprecedented renaissance of the global digital infrastructure industry into Southern Nevada. "I will always ...
  • Arbor Realty Trust, Inc. Announces Pricing of $230 million of 4.75% Convertible Senior Notes due 2022

    Source: GlobeNewswire
    Wed, 06 Nov 2019 17:30:00 EST
    UNIONDALE, N.Y., Nov. 06, 2019 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the “Company”) (NYSE: ABR) today announced the pricing of $230 million in aggregate principal amount of its 4.75% Convertible Senior Notes due 2022 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The ...
  • Healthpeak™ Prices $750 Million of 3.000% Senior Unsecured Notes due 2030

    Source: PR Newswire
    Wed, 06 Nov 2019 16:15:00 EST
    IRVINE, Calif., Nov. 6, 2019 /PRNewswire/ -- Healthpeak Properties, Inc. (NYSE: PEAK) announced today that it has priced a public offering of $750 million aggregate principal amount of 3.000% senior unsecured notes due 2030. The price to investors was 99.640% of the principal amount of the notes. Healthpeak intends to use the net proceeds from the offering (i) to fund the redemption of all ...
  • Gecina finalizes the sale of its hotel portfolio with Angelo Gordon and EQ Group for €181m

    Source: Business Wire
    Wed, 06 Nov 2019 12:01:00 EST
    PARIS--(BUSINESS WIRE)-- Regulatory news: Gecina (Paris:GFC) has finalized the sale of its hotel portfolio based on a valuation excluding duties of approximately €181m to Angelo Gordon & Co and EQ Group. This portfolio, comprising the premises and business of five hotels located in Paris, Boulogne, Bougival and Roissy, is from the Eurosic portfolio. This operation is in line with the strategy ...
  • PennyMac Mortgage Investment Trust Prices Private Placement of $200 Million of Exchangeable Senior Notes

    Source: Business Wire
    Mon, 04 Nov 2019 21:29:00 EST
    WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Mortgage Investment Trust (NYSE: PMT) (“PMT” or the “Company”) today announced the pricing of a private offering by its indirect wholly-owned subsidiary, PennyMac Corp., of $200 million aggregate principal amount of its Exchangeable Senior Notes due 2024 (the “Notes”). The initial purchasers have a 13-day option from the date of the offering ...
  • FCPT Announces Acquisition of a Buffalo Wild Wings Property for $2.6 Million

    Source: Business Wire
    Mon, 04 Nov 2019 16:05:00 EST
    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 $2.6 million. The property is located in Texas and is occupied ...
  • Douglas Emmett Obtains New $400 Million Loan And Completes Planned 2019 Balance Sheet Activity

    Source: PR Newswire
    Fri, 01 Nov 2019 15:09:00 EDT
    SANTA MONICA, Calif., Nov. 1, 2019 /PRNewswire/ -- Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today that it has refinanced a $360 million loan previously scheduled to mature in June 2023. The new secured, non-recourse $400 million interest-only loan will mature in November 2026 and bears interest at Libor plus 1.15%. Douglas Emmett secured interest rate ...
  • FCPT Announces Acquisition of Three Ground Leased Properties for $3.6 Million

    Source: Business Wire
    Thu, 31 Oct 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 three ground leased properties in Maine for $3.6 million. The three properties are well-located in the main retail corridor of the ...
  • BSR REIT Acquires Two Strategic Assets in Largest Texas Markets for $92.8 Million

    Source: Canada Newswire
    Thu, 31 Oct 2019 07:30:00 EDT
    LITTLE ROCK, AR and TORONTO, Oct. 31, 2019 /CNW/ - BSR Real Estate Investment Trust ("BSR" or the "REIT") (TSX:HOM.U and HOM.UN) announced today that it has acquired Satori at Long Meadow Apartments ("Satori") in Richmond, Texas and Auberry at Twin Creeks ("Auberry") in Allen, Texas for a total of $92.8 million. Richmond is located in the Houston Metropolitan Statistical Area ("MSA") and Allen ...
  • Plymouth Industrial REIT Completes Acquisition of Multi-Tenant Industrial Building in Atlanta for $19.4 Million

    Source: Business Wire
    Thu, 31 Oct 2019 07:00:00 EDT
    BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (NYSE American: PLYM) announced that it acquired a multi-tenant industrial building in the Atlanta suburb of Peachtree City, Georgia for $19.4 million. The acquisition, which is projected to provide an initial yield of 8.4%, was funded with cash from the Company’s September equity offering and borrowings on the Company’s credit facility. ...
  • FCPT Announces $68.4 million Outparcel Portfolio with Seritage Growth Properties

    Source: Business Wire
    Wed, 30 Oct 2019 18:11:00 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 that it has signed a definitive agreement for the purchase of 23 outparcel properties (26 leases) from Seritage Growth Properties (NYSE: SRG) for $67.9 million. ...
  • Innovative Industrial Properties Acquires Illinois Property and Enters Into Long-Term Lease with Grassroots

    Source: Business Wire
    Wed, 30 Oct 2019 18:00:00 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 a sale-leaseback transaction with a subsidiary of GR Companies Inc. (Grassroots) for a property located in Litchfield, Illinois, which comprises ...
  • Sun Communities, Inc. Closes Acquisition of Jensen Portfolio

    Source: GlobeNewswire
    Wed, 30 Oct 2019 17:04:00 EDT
    Southfield, MI, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company"), a real estate investment trust ("REIT") that owns and operates or has an interest in manufactured housing and recreational vehicle communities, today announced the closing of its previously-announced acquisition of Jensen’s, Inc. (“Jensen”). The Jensen portfolio includes 31 manufactured housing ...
  • Service Properties Trust Completes the Sale of a Las Vegas Office Building for $57 million

    Source: Business Wire
    Wed, 30 Oct 2019 08:00:00 EDT
    NEWTON, Mass.--(BUSINESS WIRE)-- Service Properties Trust (Nasdaq: SVC) today announced it has completed the sale of a 138,558 square foot office property located at 1505 South Pavilion Center in Las Vegas, Nevada for $57.0 million, or approximately $411 per square foot. The sale is part of SVC’s previously announced disposition plan to sell up to $500 million of assets in connection with the ...
  • American Healthcare Investors Completed Acquisitions Totaling Nearly $100 Million During the Third Quarter 2019 on Behalf of Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV

    Source: PR Newswire
    Tue, 29 Oct 2019 15:00:00 EDT
    IRVINE, Calif., Oct. 29, 2019 /PRNewswire/ -- American Healthcare Investors, the co-sponsor of Griffin-American Healthcare REIT III, Inc. and Griffin-American Healthcare REIT IV, Inc., announced today that the company completed the acquisition of five medical office buildings, one integrated senior health campus and one land parcel for an aggregate contract purchase price of approximately ...
  • Melcor REIT Completes $46 Million Convertible Debenture Public Offering

    Source: GlobeNewswire
    Tue, 29 Oct 2019 08:00:00 EDT
    EDMONTON, Alberta, Oct. 29, 2019 (GLOBE NEWSWIRE) -- Melcor Real Estate Investment Trust (TSX:MR.UN) (the “REIT”) announced today the successful issue and sale (the “Offering”) of $46.0 million aggregate principal amount of 5.10% convertible unsecured subordinated debentures (the “Debentures”), including gross proceeds of $6.0 million from the exercise of the over-allotment option in full. The ...
  • FCPT Announces Acquisition of a Buffalo Wild Wings Property for $2.4 million

    Source: Business Wire
    Mon, 28 Oct 2019 16:40:00 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 $2.4 million. The property is located in Texas and is occupied ...
  • Alexandria Real Estate Equities, Inc. Reports: 3Q19 Revenues of $390.5 Million, Up 14.2% Over 3Q18; 3Q19 Net Loss per Share - Diluted of $(0.44); 3Q19 FFO per Share - Diluted, As Adjusted, of $1.75; and Operational Excellence and Growing Dividends

    Source: PR Newswire
    Mon, 28 Oct 2019 16:10:00 EDT
    PASADENA, Calif., Oct. 28, 2019 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced financial and operating results for the third quarter ended September 30, 2019. Key highlights YTD Operating results 3Q19 3Q18 3Q19 3Q18 Total revenues: In millions $ 390.5 $ 341.8 $ 1,123.2 $ 987.0 Growth 14.2% 13.8% Net (loss) income attributable to Alexandria's common stockholders – ...
  • Acreage Holdings and GreenAcreage Announce $70+ Million Sale-Leaseback Transactions

    Source: GlobeNewswire
    Fri, 25 Oct 2019 07:30:00 EDT
    NEW YORK, Oct. 25, 2019 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage Holdings” or “Acreage”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) and GreenAcreage Real Estate Corp. (“GreenAcreage”), an independent real estate investment trust, today announced the closing of a series of sale-and-leaseback transactions for the sale of certain properties and facilities from Acreage Holdings to ...
  • Alexander’s Declares Quarterly $4.50 Dividend on Common Shares

    Source: GlobeNewswire
    Thu, 24 Oct 2019 13:30:00 EDT
    PARAMUS, N.J., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) today announced that its Board of Directors has declared a regular quarterly dividend of $4.50 per share payable on November 18, 2019 to stockholders of record on November 4, 2019. Alexander’s, Inc. is a real estate investment trust that has seven properties in the greater New York City metropolitan area. ...
  • Kilroy Realty Completes $226 Million of Value-Add Acquisitions in Southern California

    Source: Business Wire
    Thu, 24 Oct 2019 08:00:00 EDT
    Acquired Properties to Provide Significant Development Opportunity in the Urban Neighborhoods of Culver City in Los Angeles and East Village in San Diego LOS ANGELES--(BUSINESS WIRE)-- Kilroy Realty Corporation (NYSE: KRC) today announced that it completed the acquisition of two properties, including the purchase of an existing campus in the Culver City submarket of Los Angeles and a land site ...
  • Consolidated-Tomoka Announces Formation and Planned IPO of New Single-Tenant Net Lease REIT and Investment Strategy Focused on Higher Return Assets

    Source: GlobeNewswire
    Wed, 23 Oct 2019 17:09:00 EDT
    CTO to sell and contribute 20 single-tenant properties to newly-formed Alpine Income Property Trust, Inc.Alpine to be externally managed by CTOCTO to focus its investment strategy on higher return multi-tenant office and retail propertiesCTO to rebrand as CTO Realty Growth, Inc. DAYTONA BEACH, Fla., Oct. 23, 2019 (GLOBE NEWSWIRE) -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the ...
  • Innovative Industrial Properties Acquires Florida Property and Expands Real Estate Partnership with Trulieve Cannabis Corp.

    Source: Business Wire
    Wed, 23 Oct 2019 16:55:00 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 Quincy, Florida, which comprises five buildings totaling approximately 120,000 square feet of industrial space, from ...
  • Easterly Government Properties Acquires 66,818 SF USCIS Facility in Tustin, California

    Source: Business Wire
    Wed, 23 Oct 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 66,818-square foot U.S. Citizenship and Immigration Services (USCIS) facility in Tustin, ...
  • Industrial Logistics Properties Trust Announces $350 Million Mortgage Financing for a Portfolio of Mainland Properties

    Source: Business Wire
    Wed, 23 Oct 2019 08:00:00 EDT
    NEWTON, Mass.--(BUSINESS WIRE)-- Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that it has closed on a $350 million mortgage loan that matures in November 2029. The loan is secured by a portfolio of 11 of ILPT’s mainland properties located in eight states containing approximately eight million square feet. ILPT’s cost basis in this portfolio of properties is $556.8 ...
  • QTS Extends Maturity Dates and Expands Unsecured Credit Facility to $1.7 Billion with Improved Pricing and Enhanced Covenant Flexibility

    Source: PR Newswire
    Tue, 22 Oct 2019 09:00:00 EDT
    OVERLAND PARK, Kan., Oct. 22, 2019 /PRNewswire/ -- QTS Realty Trust (NYSE: QTS), a leading provider of hybrid colocation and mega scale data center solutions, today announced an expansion and extension of its unsecured credit facility, with improved pricing and enhanced covenant flexibility. The unsecured credit facility, as amended, is comprised of a term loan in the amount of $225 million ...
  • FCPT Announces Acquisition of a Longhorn Restaurant Property From Brookfield Properties for $2.0 million

    Source: Business Wire
    Mon, 21 Oct 2019 17:43:00 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 Longhorn restaurant property for $2.0 million from Brookfield Properties. The property is an outparcel to a Brookfield owned mall ...
  • Columbia Property Trust Complements Growth Strategy with Acquisition of Normandy Real Estate Management

    Source: Business Wire
    Wed, 16 Oct 2019 16:20:00 EDT
    Integration of leading real estate operator with established development and management platform strengthens ability to create incremental value Further enhances Columbia’s proven platform with Normandy’s team and relationships, including the addition of a development arm Provides accretive revenues from management businesses Expands presence in New York, Washington, D.C., and Boston with ...
  • Arbor Realty Trust, Inc. Closes Offering of $110 Million of Senior Unsecured Notes due 2024

    Source: GlobeNewswire
    Tue, 15 Oct 2019 16:30:00 EDT
    UNIONDALE, N.Y., Oct. 15, 2019 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the “Company”) (NYSE: ABR) announced today that it has closed the private placement of $110 million aggregate principal amount of 4.75% senior unsecured notes due October 15, 2024 (the “Notes”). The Company intends to use the net proceeds from the offering to make investments relating to its business and for general ...
  • People's United Bank Provides $57.5 Million Credit Facility for ReNew REIT

    Source: PR Newswire
    Tue, 15 Oct 2019 11:03:00 EDT
    BRIDGEPORT, Conn., Oct. 15, 2019 /PRNewswire/ -- People's United Bank, N.A., a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), announced its Healthcare Finance and Capital Markets Divisions provided a $57.5 million Credit Facility to ReNew REIT, a privately held healthcare real estate investment trust (REIT) formed in 2018 that focuses on independent living, assisted living and ...
  • Ashford Trust Announces Sale Of Parking Lot Adjacent To Hilton St. Petersburg For $17.5 Million

    Source: PR Newswire
    Tue, 15 Oct 2019 08:00:00 EDT
    DALLAS, Oct. 15, 2019 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced the sale of a 1.65-acre (72,068 square foot) parking lot adjacent to its Hilton St. Petersburg Bayfront Hotel in St. Petersburg, Florida for total consideration of $17.5 million to be paid over time. The lot was sold to a Florida-based company and will be ...
  • Goldcrest Farm Trust Closes on Additional $300 Million in Pension Fund Commitments

    Source: PR Newswire
    Tue, 15 Oct 2019 07:00:00 EDT
    NEW YORK, Oct. 15, 2019 /PRNewswire/ -- Goldcrest Farm Trust ("GFT"), a privately held real estate investment trust (REIT) that invests in U.S. farmland, announced today that it has successfully completed fundraising for its second investment vehicle. GFT raised in excess of $300 million in commitments from a group of world-class institutional investors. GFT is managed by Goldcrest Farm Trust ...
  • Freehold Properties and Revolution Global Announce $29 Million Investment to Expand Illinois Cultivation Facility

    Source: PR Newswire
    Tue, 15 Oct 2019 07:00:00 EDT
    LAS VEGAS and CHICAGO, Oct. 15, 2019 /PRNewswire/ -- Freehold Properties, a newly formed real estate investment company focused on specialized agricultural, industrial and cannabis properties, and Revolution Global, a Chicago-based multi-state cannabis operator, today announced that Freehold will provide Revolution up to $28.75 million in real estate capital expansion funding. Utilizing the ...
  • Redwood Trust Announces Agreement To Acquire CoreVest, Expanding The Scale Of Its Business-Purpose Lending Platform

    Source: PR Newswire
    Mon, 14 Oct 2019 16:15:00 EDT
    MILL VALLEY, Calif., Oct. 14, 2019 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT) today announced it has entered into a definitive agreement to acquire CoreVest American Finance Lender LLC, a leading nationwide originator and portfolio manager of business-purpose residential loans (BPLs), and several of its affiliates ("CoreVest"), from certain affiliates of Fortress Investment Group's credit ...
  • Griffin Capital Essential Asset® REIT Sells Industrial Building in West Jefferson, Ohio for $30.3 Million

    Source: Business Wire
    Mon, 14 Oct 2019 08:00:00 EDT
    EL SEGUNDO, Calif.--(BUSINESS WIRE)-- Griffin Capital Essential Asset REIT, Inc. (the “REIT”) announced the sale of a 160,410 square foot, Class “A”, truck terminal located at 10 Commerce Parkway, West Jefferson, Ohio (“Property”) for $30.3 million. The Property, occupied by FedEx Freight, was initially purchased by the REIT in July 2015. The Property, situated 21 miles west of Columbus, Ohio, ...
  • Whitestone Announces Non-Core Asset Sales of $39.7 Million

    Source: GlobeNewswire
    Mon, 14 Oct 2019 07:00:00 EDT
    HOUSTON, Oct. 14, 2019 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) continues to execute its strategic plan with the closing on the sale of three Houston non-core properties owned in a joint venture for a total sale price of $39.7 million. The sale represents a capitalization rate of 6.8% on trailing twelve month net operating income and the company expects ...
  • Preferred Apartment Communities, Inc. Announces Investment in Orlando, Florida Multifamily Development

    Source: PR Newswire
    Mon, 14 Oct 2019 06:55:00 EDT
    ATLANTA, Oct. 14, 2019 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that on October 11, 2019 it closed on a loan investment of up to approximately $10.9 million in connection with TDK Development's plans to develop Vintage Horizon West, a 340-unit Class A multifamily community located in Orlando, Florida. Additionally, with this ...
  • Arbor Realty Trust, Inc. Announces Pricing of $100 Million Senior Unsecured Notes Offering

    Source: GlobeNewswire
    Thu, 10 Oct 2019 07:30:00 EDT
    UNIONDALE, N.Y., Oct. 10, 2019 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the “Company”) (NYSE:ABR) announced today that it has priced a private placement of $100 million aggregate principal amount of 4.75% senior unsecured notes due 2024 (the “Notes”). The sale of the Notes is expected to close on or about October 15, 2019, subject to the execution of definitive documentation and ...
  • Innovative Industrial Properties Acquires Michigan Property and Enters Into Long-Term Lease with LivWell

    Source: Business Wire
    Wed, 09 Oct 2019 16:37:00 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 Warren, Michigan, which comprises approximately 156,000 square feet of industrial space. The purchase price for the ...
  • EPR Properties Third Quarter 2019 Earnings Conference Call Scheduled for October 30, 2019

    Source: Business Wire
    Tue, 08 Oct 2019 16:38:00 EDT
    KANSAS CITY, Mo.--(BUSINESS WIRE)-- EPR Properties (NYSE: EPR) announced today that the Company will release its third quarter 2019 financial results after the market close on Tuesday, October 29, 2019 at approximately 4 p.m. EDT. Management will host a conference call to discuss the Company's financial results on Wednesday, October 30, 2019 at 8:30 a.m. EDT. The conference call will be ...
  • KBS Announces the Transition of Certain Funds to Focus Solely on Core Assets

    Source: Business Wire
    Tue, 08 Oct 2019 16:31:00 EDT
    NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- KBS, one of the largest owners of prime commercial real estate in the nation, has announced the transfer of the management of ”Strategic Opportunity REIT I, Strategic Opportunity REIT II and Keppel Pacific Oak US REIT,” three real estate investment trusts (REITs) comprising 40 investments to Pacific Oak Capital Advisors LLC. The decision allows KBS to ...
  • MGM Growth Properties Announces Third Quarter 2019 Earnings Release Date

    Source: PR Newswire
    Tue, 08 Oct 2019 16:16:00 EDT
    LAS VEGAS, Oct. 8, 2019 /PRNewswire/ -- MGM Growth Properties LLC (NYSE: MGP) will release its financial results for the third quarter 2019 before the market opens on Tuesday, November 5, 2019. MGP will host a conference call that day at 12:30 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. The call will be accessible by ...
  • Gladstone Land Announces Increase in Monthly Cash Distributions for October, November and December 2019 and Third Quarter Ended September 30, 2019, Earnings Release and Conference Call Dates

    Source: GlobeNewswire
    Tue, 08 Oct 2019 16:05:00 EDT
    MCLEAN, Va., Oct. 08, 2019 (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 October, November and December 2019 and also announced its plan to report earnings for the third quarter ended September 30, 2019. Monthly Cash Distributions: Common Stock: ...
  • Ryman Hospitality Properties, Inc. Announces Closing of Tack-On Offering of $200 Million of 4.750% Senior Notes Due 2027

    Source: GlobeNewswire
    Tue, 08 Oct 2019 13:36:00 EDT
    NASHVILLE, Tenn., Oct. 08, 2019 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) announced today that RHP Hotel Properties, LP (the “Operating Partnership”) and RHP Finance Corporation (together with the Operating Partnership, the “Issuers”), its indirect wholly owned subsidiaries, completed the previously announced tack-on offering of $200 million aggregate ...
  • Essex Property Trust Prices $150 Million of 3.000% Senior Notes Due 2030

    Source: Business Wire
    Mon, 07 Oct 2019 17:50:00 EDT
    SAN MATEO, Calif.--(BUSINESS WIRE)-- Essex Property Trust, Inc. (NYSE:ESS) announced today that its operating partnership, Essex Portfolio, L.P. (the “Issuer”), priced an underwritten public offering of $150 million aggregate principal amount of 3.000% senior notes due 2030 (the “Notes”). The Notes are being offered as additional notes under an indenture pursuant to which the Issuer previously ...
  • Summit Hotel Properties Announces Pending Acquisition Of West Coast Portfolio For $249 Million

    Source: PR Newswire
    Mon, 07 Oct 2019 17:00:00 EDT
    AUSTIN, Texas, Oct. 7, 2019 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has entered into a definitive agreement to acquire four hotels located on the west coast for $249 million through its recently formed joint venture with GIC. The high-quality portfolio is located in three high-growth markets and includes the 258-guestroom Residence Inn ...
  • Empire State Realty Trust Announces Dates for Third Quarter 2019 Earnings Release and Conference Call

    Source: Business Wire
    Mon, 07 Oct 2019 16:30:00 EDT
    NEW YORK--(BUSINESS WIRE)-- Empire State Realty Trust, Inc. (NYSE:ESRT) (the “Company”) today announced that it will release its third quarter 2019 financial results on Wednesday, October 23, 2019 after close of markets on the New York Stock Exchange. A conference call will be held on Thursday, October 24, 2019 at 8:30 a.m. Eastern Time. During the conference call, the Company’s officers will ...
  • Postal Realty Trust to Acquire 113-Property US Postal Service Portfolio

    Source: Business Wire
    Mon, 07 Oct 2019 07:00:00 EDT
    - Expected to Increase Property Count by 50% Since IPO - 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 (“USPS”), announced it entered into several definitive agreements with affiliated sellers to acquire a 113-property ...
  • Rexford Industrial Acquires Three Industrial Properties for $76 Million

    Source: PR Newswire
    Mon, 07 Oct 2019 07:00:00 EDT
    LOS ANGELES, Oct. 7, 2019 /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 three industrial properties for $76 million. The acquisitions were funded using cash on hand. "These ...
  • Brandywine Realty Trust Prices $100.0 Million of 4.100% Guaranteed Notes Due 2024 and $100.0 Million of 4.550% Guaranteed Notes Due 2029

    Source: GlobeNewswire
    Thu, 03 Oct 2019 18:00:00 EDT
    PHILADELPHIA, Oct. 03, 2019 (GLOBE NEWSWIRE) -- Brandywine Realty Trust (the “Company”) (NYSE:BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has priced the underwritten public offering of $100.0 million of its 4.100% guaranteed notes due 2024 (the “2024 Notes”) and $100.0 million of its 4.550% guaranteed notes due 2029 ...
  • Medalist Diversified REIT Completes Acquisition of the Brookfield Center

    Source: Business Wire
    Thu, 03 Oct 2019 16:52:00 EDT
    RICHMOND, Va.--(BUSINESS WIRE)-- Medalist Diversified REIT (NASDAQ: MDRR) (the “Company” or “Medalist”), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing value-add commercial real estate in the Southeast region of the U.S., completed the acquisition of the Brookfield Center, a 66,000 sq. ft. flex-industrial property located in Greenville, South ...
  • Ryman Hospitality Properties, Inc. Announces Proposed Tack-On Offering Of $100 Million Of 4.750% Senior Notes Due 2027

    Source: GlobeNewswire
    Thu, 03 Oct 2019 09:08:00 EDT
    NASHVILLE, Tenn., Oct. 03, 2019 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) announced today that RHP Hotel Properties, LP (the “Operating Partnership”) and RHP Finance Corporation (together, with the Operating Partnership, the “Issuers”), its indirect wholly owned subsidiaries, intend to make a tack-on offering of up to $100 million aggregate principal ...
  • Digital Realty Announces Pricing of €500 million of Euro-Denominated Bonds

    Source: PR Newswire
    Wed, 02 Oct 2019 11:41:00 EDT
    SAN FRANCISCO, Oct. 2, 2019 /PRNewswire/ -- Digital Realty (the "Company") (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today that Digital Euro Finco, LLC, a wholly owned indirect finance subsidiary of the company's operating partnership, Digital Realty Trust, L.P. (the "Operating Partnership"), priced an offering of €500 million of ...
  • Blackstone to Acquire 65% Controlling Interest in Great Wolf Resorts and Form New $2.9 Billion Joint Venture With Centerbridge Partners

    Source: Business Wire
    Wed, 02 Oct 2019 07:30:00 EDT
    NEW YORK--(BUSINESS WIRE)-- Blackstone Real Estate Partners IX, an affiliate of Blackstone (NYSE: BX) (“Blackstone”), and affiliates of Centerbridge Partners, L.P. (“Centerbridge”, the existing owner) announced today that Blackstone is acquiring a 65% controlling interest in Great Wolf Resorts, Inc. (“Great Wolf” or the “Company”). Great Wolf is a leading owner and operator of family-oriented ...
  • Postal Realty Trust, Inc. Enters Into $100 Million Credit Agreement

    Source: Business Wire
    Wed, 02 Oct 2019 06:00:00 EDT
    ~ Provides Update on Acquisition Activity ~ 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 (“USPS”), today announced its entry, through Postal Realty LP, its operating partnership, into a credit agreement with People’s United ...
  • JLL Income Property Trust Acquires 230-unit Apartment Community in Charlotte, North Carolina

    Source: PR Newswire
    Tue, 01 Oct 2019 14:42:00 EDT
    CHICAGO, Oct. 1, 2019 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) today announced the acquisition of Presley Uptown, a newly developed 230-unit, Class-A apartment community in the Uptown submarket of Charlotte, North Carolina, one of the fastest growing markets in the country. The purchase price was approximately ...
  • Safehold Signs Agreement to Originate A New $285 Million Ground Lease in New York City

    Source: Business Wire
    Tue, 01 Oct 2019 08:00:00 EDT
    NEW YORK--(BUSINESS WIRE)-- Safehold Inc. (NYSE: SAFE) announced it has entered into a definitive agreement with a $25 billion domestic core real estate fund to create a new $285 million Safehold™ ground lease under the office property at 135 West 50th Street in New York City. The transaction is expected to close in the fourth quarter of 2019, and is subject to customary closing conditions. ...
  • Griffin Capital Essential Asset® REIT Completes Acquisition of McKesson Corporation’s Scottsdale, Arizona Office Property for $37.7 Million

    Source: Business Wire
    Mon, 30 Sep 2019 11:00:00 EDT
    EL SEGUNDO, Calif.--(BUSINESS WIRE)-- Griffin Capital Essential Asset REIT, Inc. (the “REIT”) announced the acquisition of McKesson III (the “Property”) at a purchase price of $37.7 million from Ryan Companies US, Inc. (the “Seller”). The Property, located at 5801 North Pima Road in Scottsdale, Arizona, is a two-story Class “A” office building totaling 124,879 square feet situated on an ...
  • Douglas Emmett Extends Maturities And Lowers Interest Rates On Over $1 Billion Of Debt During Third Quarter

    Source: PR Newswire
    Mon, 30 Sep 2019 09:15:00 EDT
    SANTA MONICA, Calif., Sept. 30, 2019 /PRNewswire/ -- Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today that it has extended maturities and lowered interest rates on over $1 billion of debt, while reducing its overall leverage and adding to its pool of unencumbered assets: As previously announced, in July Douglas Emmett paid off a $220 million loan ...
  • Multifamily Giant Cortland Closes on $1.2B, All-Cash Acquisition

    Source: PR Newswire
    Fri, 27 Sep 2019 09:41:00 EDT
    ATLANTA, Sept. 27, 2019 /PRNewswire/ -- Multifamily real estate investment, development and management company Cortland has officially closed on the Pure Multi-Family REIT acquisition for $1.2 billion in cash and become the largest apartment owner in the Dallas-Fort Worth Metroplex. This acquisition of the Canadian-based, publicly traded vehicle represents Cortland's continued strategy of ...
  • Gladstone Commercial Announces Industrial Portfolio Acquisition in Temple, TX

    Source: GlobeNewswire
    Fri, 27 Sep 2019 08:30:00 EDT
    MCLEAN, Va., Sept. 27, 2019 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (NASDAQ: GOOD) (“Gladstone Commercial”) announced today that it completed the acquisition of a 211,000 square foot, two building industrial portfolio in Temple, Texas on September 26, 2019. The portfolio, acquired in a sale/leaseback transaction, is 100% leased to Texas Hydraulics, Inc. (“Texas Hydraulics”) with a ...
  • Paramount Sells Liberty Place for $154.5 Million

    Source: Business Wire
    Fri, 27 Sep 2019 08:00:00 EDT
    NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has sold Liberty Place, a 172,000 square foot office building located in the East End submarket of Washington, D.C., for $154.5 million, or approximately $900 per square foot. The Company intends to use net proceeds from the sale to fund its share of the previously announced ...
  • Sabra Health Care REIT, Inc. Announces Pricing of Public Offering of $350.0 Million of 3.900% Senior Notes due 2029 by Certain of Its Subsidiaries

    Source: Business Wire
    Thu, 26 Sep 2019 16:39:00 EDT
    IRVINE, Calif.--(BUSINESS WIRE)-- Sabra Health Care REIT, Inc. (“Sabra”) (Nasdaq: SBRA) today announced that its subsidiaries, Sabra Health Care Limited Partnership (the “Partnership”) and Sabra Capital Corporation (“Sabra Capital” and, together with the Partnership, the “Issuers”), have priced and entered into an agreement to issue and sell, subject to certain conditions, $350.0 million ...
  • Pebblebrook Hotel Trust Completes Sale of Hotel Madera

    Source: Business Wire
    Thu, 26 Sep 2019 16:15:00 EDT
    BETHESDA, Md.--(BUSINESS WIRE)-- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it closed on the sale of the 82-room Hotel Madera in Washington, D.C. for $23.3 million to a third party. The sale price of $23.3 million reflects a 14.3x EBITDA multiple and a 5.7% net operating income capitalization rate based on the hotel’s operating performance for 2018. Based on the ...
  • Alexandria Real Estate Equities, Inc. Strategically Enhances Its Greater Stanford Innovation Cluster Footprint With Its Selection by Stanford University to Acquire 3160 Porter Drive and Extend Alexandria LaunchLabs Into Stanford Research Park

    Source: PR Newswire
    Thu, 26 Sep 2019 08:30:00 EDT
    PASADENA, Calif., Sept. 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, today announced that it has acquired 3160 Porter Drive, a 92,000 RSF redevelopment project in ...
  • Office Properties Income Trust Announces the Sale of Three Properties for $25.2 Million

    Source: Business Wire
    Thu, 26 Sep 2019 08:00:00 EDT
    NEWTON, Mass.--(BUSINESS WIRE)-- Office Properties Income Trust (Nasdaq: OPI) today announced that it has sold three properties for an aggregate sales price of $25.2 million, excluding closing costs. The three properties include: A one-story, 40,348 square foot vacant office building located at 882 TJ Jackson Drive, Falling Waters, WV. A seven-story, 143,934 square foot office building located ...
  • Hudson Pacific Properties Announces Pricing of Public Offering of $400.0 Million Aggregate Principal Amount of Senior Notes Due 2030

    Source: Business Wire
    Tue, 24 Sep 2019 16:59:00 EDT
    LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (“Hudson Pacific” or the “Company”) (NYSE: HPP) today announced that its operating partnership, Hudson Pacific Properties, L.P. (the “Operating Partnership”), has priced an underwritten public offering of $400.0 million aggregate principal amount of 3.250% senior notes due 2030. The notes will be senior unsecured obligations of the ...
  • Griffin Capital Essential Asset® REIT Sells Office Building in Denver Tech Center for $48.8 Million

    Source: Business Wire
    Mon, 23 Sep 2019 11:00:00 EDT
    EL SEGUNDO, Calif.--(BUSINESS WIRE)-- Griffin Capital Essential Asset REIT, Inc. (the “REIT”) announced the sale of a 191,368 square foot, Class “A”, seven-level office building located at 7601 Technology Way, Denver, Colorado (“Property”) for $48.8 million. The Property was originally purchased by the REIT in June 2015 as part of a portfolio acquisition. This press release features ...
  • Spirit Realty Capital, Inc. Comments on Closing of SMTA $2.4 Billion Sale to Hospitality Properties Trust

    Source: Business Wire
    Fri, 20 Sep 2019 16:23:00 EDT
    DALLAS--(BUSINESS WIRE)-- Spirit Realty Capital, Inc. (NYSE: SRC) (“Spirit”), a net-lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today commented on the announcement by Spirit MTA REIT (NYSE: SMTA) (“SMTA”), externally managed by a subsidiary of Spirit, that SMTA closed on the previously-announced sale of substantially all of the ...
  • Ryman Hospitality Properties, Inc. Announces Closing of Private Offering of $500 Million of 4.750% Senior Notes Due 2027 and Expiration and Results of Tender Offer for 2021 Notes

    Source: GlobeNewswire
    Thu, 19 Sep 2019 16:05:00 EDT
    NASHVILLE, Tenn., Sept. 19, 2019 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) announced today that RHP Hotel Properties, LP (the “Operating Partnership”) and RHP Finance Corporation (together with the Operating Partnership, the “Issuers”), its indirect wholly owned subsidiaries, completed the previously announced private placement of $500 million aggregate ...
  • Preferred Apartment Communities, Inc. Announces Acquisition of a 218-Unit Multifamily Community in Tampa, Florida

    Source: PR Newswire
    Wed, 18 Sep 2019 16:20:00 EDT
    ATLANTA, Sept. 18, 2019 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that it acquired 5 Oaks at Westchase, a newly constructed 218-unit Class A multifamily community in Tampa, Florida. Built in 2019, 5 Oaks at Westchase is located in the highly desirable Westchase submarket of Tampa, Florida, an over 2,000-acre master-planned ...
  • HCP Announces $1 Billion Commercial Paper Note Program

    Source: PR Newswire
    Wed, 18 Sep 2019 16:15:00 EDT
    IRVINE, Calif., Sept. 18, 2019 /PRNewswire/ -- HCP, Inc. (NYSE: HCP) announced today that it has established an unsecured commercial paper program (the "Commercial Paper Program"). Under the terms of the Commercial Paper Program, HCP may issue, from time to time, unsecured short-term debt securities with varying maturities not in excess of 397 days from the date of issue (the "Notes"). Amounts ...
  • Park Hotels & Resorts Inc. Completes Acquisition of Chesapeake Lodging Trust

    Source: Business Wire
    Wed, 18 Sep 2019 09:01:00 EDT
    TYSONS, Va.--(BUSINESS WIRE)-- Park Hotels & Resorts Inc. (NYSE: PK) (“Park” or the “Company”) has completed its previously announced acquisition of Chesapeake Lodging Trust (“Chesapeake”). The announcement follows approval of the transaction by Chesapeake’s shareholders at a special meeting of Chesapeake shareholders held on September 10, 2019. Based on Park’s closing stock price as of ...
  • Rexford Industrial Acquires Industrial Park for $66.2 Million

    Source: PR Newswire
    Wed, 18 Sep 2019 07:00:00 EDT
    LOS ANGELES, Sept. 18, 2019 /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 an eight-building industrial complex for $66.2 million. The acquisition was funded using cash on ...
  • FCPT Closes Olive Garden Restaurant From Washington Prime for $3.2 million

    Source: Business Wire
    Mon, 16 Sep 2019 17:29:00 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 acquisition of an Olive Garden restaurant from Washington Prime Group Inc. (“WPG”) for $3.2 million. The property is located in Illinois and is leased to ...
  • Noble House Announces Completion of $21 Million Renovation At Hilton San Diego Resort & Spa

    Source: PR Newswire
    Mon, 16 Sep 2019 16:46:00 EDT
    SAN DIEGO, Sept. 16, 2019 /PRNewswire/ -- Noble House Hotels and Resorts, Ltd., a hotel ownership and management group with an upscale portfolio of 20 distinct and visually captivating properties spanning the U.S., has announced the completion of a massive $21 million renovation of the Hilton San Diego Resort & Spa, located at 1775 East Mission Bay Drive in San Diego, California. The resort ...
  • Digital Realty Collaborates With Mapletree Investments And Mapletree Industrial Trust On $1.4 Billion North American Data Center Portfolio

    Source: PR Newswire
    Mon, 16 Sep 2019 07:00:00 EDT
    SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today it has entered into definitive agreements with affiliates of Mapletree Investments Pte Ltd and Mapletree Industrial Trust for the sale of a portfolio of 10 Powered Base Building® data centers and the establishment of a ...
  • Dream Global Real Estate Investment Trust Announces Agreement to Be Acquired by Real Estate Funds Managed by Blackstone in a $6.2 Billion Transaction

    Source: GlobeNewswire
    Sun, 15 Sep 2019 20:33:00 EDT
    Transaction Highlights Real estate funds managed by Blackstone to acquire Dream Global in an all-cash transactionDream Global unitholders to receive cash consideration of $16.79 per unit which represents a significant premium of 18.5% to the closing price of Dream Global units on the TSX on September 13, 2019, the last trading day prior to announcement of the transaction, and will represent a ...

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