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  • 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 ...
  • Colony Credit Real Estate, Inc. Funds $116,000,000 Acquisition Loan on Four Self-Storage Facilities in New York City Area

    Source: Business Wire
    Fri, 20 Sep 2019 11:23:00 EDT
    LOS ANGELES--(BUSINESS WIRE)-- Colony Credit Real Estate, Inc. (NYSE: CLNC) (“Colony Credit Real Estate” or the “Company”) announced today that it has funded a $116,000,000 floating-rate mortgage loan on behalf of Clutter, Inc. in connection with Clutter’s $152,000,000 acquisition of The Storage Fox Portfolio, four (4) self-storage facilities comprised of approximately 320,000 rentable square ...
  • 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 ...
  • Park Hotels & Resorts Set to Join S&P MidCap 400; Inogen to Join S&P SmallCap 600

    Source: PR Newswire
    Thu, 12 Sep 2019 18:02:00 EDT
    NEW YORK, Sept. 12, 2019 /PRNewswire/ -- Park Hotels & Resorts Inc. (NYSE: PK) will replace Inogen Inc. (NASD: INGN) in the S&P MidCap 400 and Inogen will replace Chesapeake Lodging Trust (NYSE: CHSP) in the S&P SmallCap 600 effective prior to the open of trading on Wednesday, September 18. Park Hotels & Resorts is acquiring Chesapeake Lodging Trust in a transaction expected to be completed on ...
  • Griffin Capital Celebrates Robust Growth with Over $1.0 Billion Raised Year-to-Date for Griffin Institutional Access Real Estate Fund

    Source: Business Wire
    Thu, 12 Sep 2019 11:00:00 EDT
    The Griffin Institutional Access Fund family crossed over $4 billion in assets under management EL SEGUNDO, Calif.--(BUSINESS WIRE)-- Griffin Capital Company, LLC (“Griffin Capital”), an alternative asset manager, today announced over $1.0 billion in equity raised 2019 year to date for Griffin Institutional Access Real Estate Fund. This growth has helped propel the Griffin Institutional Access ...
  • Ryman Hospitality Properties, Inc. Announces Proposed $500 Million Senior Notes Offering

    Source: GlobeNewswire
    Thu, 12 Sep 2019 08:06:00 EDT
    NASHVILLE, Tenn., Sept. 12, 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 offer, in a private placement, subject to market and other ...
  • Innovative Industrial Properties Acquires California Property Portfolio and Enters into Long-Term Leases with Vertical

    Source: Business Wire
    Thu, 12 Sep 2019 06:30:00 EDT
    Acquisition Expands Footprint to 2.2 Million Square Feet in Twelve States 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 final parcel of a four-property portfolio in southern California, which ...
  • Lexington Realty Trust Acquires Three-Property E-Commerce Industrial Portfolio for $180 Million

    Source: GlobeNewswire
    Wed, 11 Sep 2019 08:30:00 EDT
    NEW YORK, Sept. 11, 2019 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it has acquired a 2.4 million square foot e-commerce industrial portfolio from Atlanta-based developer and manager IDI Logistics for approximately $180 million. The portfolio ...
  • Hospitality Properties Trust Prices $1.70 Billion of Unsecured Senior Notes

    Source: Business Wire
    Tue, 10 Sep 2019 17:03:00 EDT
    NEWTON, Mass.--(BUSINESS WIRE)-- Hospitality Properties Trust (Nasdaq: HPT) today announced that it has priced underwritten public offerings of $825 million aggregate principal amount of 4.350% unsecured senior notes due 2024, $450 million aggregate principal amount of 4.750% unsecured senior notes due 2026 and $425 million aggregate principal amount of 4.950% unsecured senior notes due 2029. ...
  • Hersha Hospitality Trust Refinances $300M Term Loan

    Source: GlobeNewswire
    Tue, 10 Sep 2019 09:00:00 EDT
    - Enters into Fixed Rate Swaps on Remaining $400.9M of Term Loans -- Eliminates All Near Term Debt Maturities -- 90% of Outstanding Debt Fixed or Hedged - PHILADELPHIA, Sept. 10, 2019 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of high-quality upscale, luxury and lifestyle hotels in urban gateway markets and resort destinations, today announced ...
  • Spirit Realty Capital, Inc. Announces Pricing of $300 Million of Senior Unsecured Notes Due 2027 and $500 Million of Senior Unsecured Notes Due 2030

    Source: Business Wire
    Mon, 09 Sep 2019 17:30:00 EDT
    DALLAS--(BUSINESS WIRE)-- Spirit Realty Capital, Inc. (NYSE:SRC) (“Spirit” or the “Company”) announced today that its operating partnership, Spirit Realty, L.P. (the “operating partnership”), has priced a public offering of $300 million aggregate principal amount of 3.200% senior notes due 2027 (the “2027 Notes”) and $500 million aggregate principal amount of 3.400% senior notes due 2030 (the ...
  • Rexford Industrial Acquires Two Industrial Properties For $26.8 Million

    Source: PR Newswire
    Mon, 09 Sep 2019 16:15:00 EDT
    LOS ANGELES, Sept. 9, 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 off-market acquisition of two industrial properties for a total of $26.8 million. The acquisitions were funded ...
  • Gladstone Commercial Corporation Completes $900,000+ Financing For Energy Saving Improvements at Columbus, OH Property

    Source: GlobeNewswire
    Mon, 09 Sep 2019 16:05:00 EDT
    MCLEAN, Va., Sept. 09, 2019 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (NASDAQ: GOOD) (“Gladstone Commercial”) announced today that it has completed an improvement financing via the Property Assessed Clean Energy (“PACE”) program at 7450 Huntington Park Drive, a four-story, 114,786 square foot office property that serves as the headquarters for Quantum Health, Inc. The financing ...
  • VICI Properties Inc. CEO Edward Pitoniak Appears on TD Ameritrade Network’s “Morning Trade Live”

    Source: Business Wire
    Fri, 06 Sep 2019 08:30:00 EDT
    NEW YORK--(BUSINESS WIRE)-- VICI Properties Inc. (NYSE:VICI) (“VICI Properties”), an experiential real estate investment trust, announced today that its CEO, Edward Pitoniak, appeared as a featured guest on TD Ameritrade Network’s “Morning Trade Live” on Thursday, September 5, 2019. Click here to view the appearance. About VICI Properties VICI Properties is an experiential real estate ...
  • Liberty Property Trust Prices $404 Million Public Offering of Common Shares

    Source: GlobeNewswire
    Thu, 05 Sep 2019 20:18:00 EDT
    WAYNE, Pa., Sept. 05, 2019 (GLOBE NEWSWIRE) -- Liberty Property Trust (NYSE: LPT) (“Liberty”) announced today the pricing of its underwritten public offering of 8.0 million of its common shares at a price to the public of $50.50 per share. In addition, Liberty has granted the underwriters an option to purchase up to an additional 1.2 million common shares at the public offering price, less ...
  • Healthcare Trust of America Announces Pricing of $250 million of 3.500% Senior Unsecured Notes Due 2026 and $650 million of 3.100% Senior Unsecured Notes Due 2030

    Source: PR Newswire
    Thu, 05 Sep 2019 16:43:00 EDT
    SCOTTSDALE, Ariz., Sept. 5, 2019 /PRNewswire/ -- Healthcare Trust of America, Inc. ("HTA") (NYSE: HTA) announced today that its operating partnership, Healthcare Trust of America Holdings, LP ("HTALP" and, together with HTA, the "Company"), priced a $250 million offering of HTALP's 3.500% senior unsecured notes due 2026 (the "2026 Notes") and a $650 million offering of HTALP's 3.100% senior ...
  • Simon Property Group Sells $3.5 Billion Of Senior Notes And Intends To Redeem $2.6 Billion Of Senior Notes

    Source: PR Newswire
    Wed, 04 Sep 2019 17:50:00 EDT
    INDIANAPOLIS, Sept. 4, 2019 /PRNewswire/ -- Simon, a global leader in premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has agreed to sell: $1.0 billion principal amount of its 2.00% senior notes due September 13, 2024, $1.25 billion principal ...
  • Highwoods Prices $400 Million of 3.050% Notes Due 2030

    Source: GlobeNewswire
    Wed, 04 Sep 2019 16:05:00 EDT
    RALEIGH, N.C., Sept. 04, 2019 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) today announced that Highwoods Realty Limited Partnership, the operating partnership through which the Company conducts its operations, has priced a $400 million offering of 3.050% unsecured notes under its existing shelf registration statement. The notes are due February 15, 2030 and were priced to yield ...
  • Office Properties Income Trust Announces the Sale of Four Properties for $223 Million

    Source: Business Wire
    Wed, 04 Sep 2019 08:00:00 EDT
    NEWTON, Mass.--(BUSINESS WIRE)-- Office Properties Income Trust (Nasdaq: OPI) today announced that it has sold four properties for an aggregate sales price of $223.2 million, excluding closing costs. The four properties include: A one-story, 182,630 square foot office building located at 2115-2116 E. Randol Mill Road, Arlington, TX. A one-story, 94,800 square foot office building located at ...
  • Plymouth Industrial REIT Completes Acquisitions Totaling $90.5 Million in Four Targeted Industrial Markets

    Source: Business Wire
    Wed, 04 Sep 2019 06:30:00 EDT
    BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (NYSE American: PLYM) completed the previously announced acquisitions of industrial buildings in Chicago, Cincinnati, Columbus and Memphis totaling 2.2 million square feet for total consideration of $90.5 million. The acquisitions were funded with proceeds from the Company’s May equity offering, borrowings on its expanded credit facility ...
  • CIM Real Estate Finance Trust, Inc. Sells Properties for Approximately $1.25 Billion

    Source: Business Wire
    Tue, 03 Sep 2019 16:10:00 EDT
    Proceeds to be Used to Pay Down Debt and Invest in Commercial Mortgage Loans and Other Credit Instruments PHOENIX--(BUSINESS WIRE)-- Certain subsidiaries of CIM Real Estate Finance Trust, Inc. (“CMFT”), a publicly registered non-listed real estate investment trust (“REIT”) that primarily owns and operates a diversified portfolio of core commercial real estate assets consisting of net leased ...
  • Rexford Industrial Acquires Five Industrial Properties For $110.3 Million; Sells Two Properties for $12.8 Million

    Source: PR Newswire
    Tue, 03 Sep 2019 07:00:00 EDT
    LOS ANGELES, Sept. 3, 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 five industrial properties for a total of $110.3 million and the disposition of two properties for ...
  • KBS Strategic Opportunity REIT, Inc. to Acquire Reven Housing REIT, Inc. for $56.85 Million in Equity Value

    Source: PR Newswire
    Sat, 31 Aug 2019 11:16:00 EDT
    NEWPORT BEACH, Calif. and SAN DIEGO, Aug. 31, 2019 /PRNewswire/ -- KBS Strategic Opportunity REIT, Inc. ("SOR") and Reven Housing REIT, Inc. ("Reven") (NASDAQ: RVEN) today announced the signing of a definitive merger agreement under which an indirect, wholly-owned subsidiary of SOR, SOR PORT, LLC ("Merger Sub"), a wholly-owned subsidiary of SOR PORT Holdings, LLC ("Parent"), will acquire all ...
  • Healthcare Trust of America, Inc. Announces $200 Million in New Developments and Acquisitions

    Source: PR Newswire
    Fri, 30 Aug 2019 09:00:00 EDT
    SCOTTSDALE, Ariz., Aug. 30, 2019 /PRNewswire/ -- Healthcare Trust of America, Inc. (NYSE:HTA or the "Company"), announced investment activity of over $200 million in new development projects and acquisitions since June 30, 2019. These include the announcement of two on-campus medical office building ("MOB") developments with total investments of approximately $85 to 90 million, and ...
  • FCPT Closes McDonald’s Restaurant From Washington Prime Transaction for $3.4 Million

    Source: Business Wire
    Thu, 29 Aug 2019 16:16:00 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 a McDonald’s restaurant today from Washington Prime Group Inc. (“WPG”) for $3.4 million. The property is located in Virginia and is leased to ...
  • Gaming and Leisure Properties Announces Early Results of Tender Offer for Its 4.875% Senior Notes Due 2020 and Upsize of Tender Offer From $500,000,000 to Up to Any and All 4.875% Senior Notes Due 2020

    Source: GlobeNewswire
    Wed, 28 Aug 2019 18:24:00 EDT
    NEW YORK, Aug. 28, 2019 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI”), the first gaming-focused real estate investment trust in North America, announced today the early results of the previously announced cash tender offer (the “Offer”) by its operating partnership, GLP Capital, L.P. (the “Operating Partnership”), and GLP Financing II, Inc., a wholly owned ...
  • Plymouth Industrial REIT Signs New 258K SF Lease in Columbus and Adds JPMorgan Chase to New Credit Facility

    Source: Business Wire
    Wed, 28 Aug 2019 06:30:00 EDT
    BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (NYSE American: PLYM) announced it has filled its largest vacancy with the signing of a new lease for 257,962 square feet with Spartan Logistics at 3100 Creekside in Columbus, Ohio. The new three-year lease, which commenced this week, brings the 340,000-square-foot property to 76% leased. Spartan Logistics is a full service third-party ...
  • Medical Properties Trust Completes Investments of Approximately $2.0 Billion in Ramsay and Prospect Hospitals

    Source: Business Wire
    Mon, 26 Aug 2019 16:15:00 EDT
    BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it completed on August 16 and August 23, respectively, the acquisitions of the real estate interests of eight UK hospitals operated by Ramsay Health Care and 16 hospitals operated by Prospect Medical Holdings, Inc. About Medical Properties Trust, Inc. Medical Properties ...
  • JLL Income Property Trust Acquires Class A Industrial Asset in Suburban Boston

    Source: PR Newswire
    Mon, 26 Aug 2019 10:26:00 EDT
    CHICAGO, Aug. 26, 2019 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) today announced the acquisition of Taunton Distribution Center, a 200,000 square foot Class A industrial asset located in Myles Standish Industrial Park, one of Greater Boston's premier industrial "super parks." The purchase price was $25.7 ...
  • LTC Ignites Portfolio With $37 Million Investment

    Source: Business Wire
    Mon, 26 Aug 2019 09:30:00 EDT
    WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- LTC Properties, Inc. (NYSE: LTC) a real estate investment trust investing in seniors housing and care, today announced it acquired a post-acute skilled nursing center plus a land parcel to develop a similar product in the Kansas City metro area. The centers will be operated by Ignite Medical Resorts (Ignite), an operator new to LTC. This press ...
  • Freehold Properties Launches Specialized Real Estate Company With Agreement To Purchase Six Properties From Curaleaf Holdings For $28.3 Million

    Source: PR Newswire
    Mon, 26 Aug 2019 08:01:00 EDT
    LAS VEGAS, Aug. 26, 2019 /PRNewswire/ -- Freehold Properties, Inc., a newly formed real estate investment company focused on specialized agricultural, industrial and cannabis properties, today announced it has agreed to acquire six buildings from Curaleaf Holdings (CSE: CURA) (OTCQX: CURLF) for total consideration of approximately $28.3 million. The acquisition, which is comprised of ...
  • Curaleaf Announces Sale-Leaseback Transaction with Freehold Properties Totaling $28.3 Million

    Source: Canada Newswire
    Mon, 26 Aug 2019 08:00:00 EDT
    WAKEFIELD, Mass., Aug. 26, 2019 /CNW/ -- Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) ("Curaleaf"), a leading vertically integrated cannabis operator in the United States, today announced it has signed a sale-leaseback agreement with Freehold Properties valued at approximately $28.3 million for six of its properties in Florida, Massachusetts and New Jersey. As a result of the ...
  • Piedmont Office Realty Trust Acquires Remainder of the Atlanta Galleria Office Towers

    Source: GlobeNewswire
    Mon, 26 Aug 2019 06:30:00 EDT
    Atlanta, GA, Aug. 26, 2019 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE: PDM) announced today that it has completed the purchase of Galleria 400 and Galleria 600, two office towers totaling approximately 860,000 square feet and an adjacent 10.2 acre land parcel entitled for one million square feet of additional development for a total of $231.2 million. The acquisition is ...
  • Sun Communities, Inc. to Acquire 31-Community Manufactured Housing Portfolio

    Source: GlobeNewswire
    Thu, 22 Aug 2019 16:14:00 EDT
    Southfield, MI, Aug. 22, 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 that it has entered into an agreement to acquire a 31-community manufactured housing portfolio for $343.6 million through a merger of ...
  • Brookfield Property Partners Issues $250 Million of Perpetual Green Preferred Units

    Source: GlobeNewswire
    Wed, 21 Aug 2019 17:00:00 EDT
    Company to Use Proceeds to Finance Sustainable Building Initiatives All dollar references are in U.S. dollars. BROOKFIELD NEWS, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (“BPY”) (NASDAQ: BPY; TSX: BPY.UN) issued its inaugural, corporate-level perpetual green preferred units – the first of their kind in the industry – yesterday through the issuance of 10,000,000 units ...
  • Paramount Acquires 44% Interest in 55 Second Street and Separately Enters Into an Agreement to Acquire Market Center in San Francisco

    Source: Business Wire
    Wed, 21 Aug 2019 16:15:00 EDT
    NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced that it has completed the acquisition of a 44% joint venture interest in 55 Second Street in San Francisco. The property was valued at approximately $402.0 million, or $1,039 per square foot. In connection with the acquisition, the existing $137.5 million mortgage loan will remain in ...
  • Boston Properties Prices $700.0 Million Offering of Senior Unsecured Notes

    Source: Business Wire
    Mon, 19 Aug 2019 16:38:00 EDT
    BOSTON--(BUSINESS WIRE)-- Boston Properties, Inc. (NYSE: BXP), the largest publicly-traded developer, owner and manager of Class A office properties in the United States, announced today that its operating partnership, Boston Properties Limited Partnership (“BPLP”), has agreed to sell $700.0 million of 2.900% senior unsecured notes due 2030 in an underwritten public offering through BofA ...
  • Federal Realty Investment Trust Prices $100 Million Reopening of its 3.20% Notes due 2029

    Source: PR Newswire
    Mon, 19 Aug 2019 16:33:00 EDT
    ROCKVILLE, Md., Aug. 19, 2019 /PRNewswire/ -- Federal Realty Investment Trust (NYSE: FRT) today announced the pricing of its public offering of $100 million aggregate principal amount of 3.20% Notes due 2029 (the "Notes") at an effective yield of 2.744%. The Notes will have the same terms and be of the same series as the notes Federal Realty first issued on June 7, 2019. Upon consummation of ...
  • Strategic Storage Growth Trust II, Inc. Acquires Newly Constructed 770-Unit Self Storage Facility in Milwaukee

    Source: PR Newswire
    Mon, 19 Aug 2019 11:45:00 EDT
    MILWAUKEE, Aug. 19, 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 newly constructed approximately 770-unit self storage facility in Milwaukee, Wisconsin. "We expect this self storage facility to satisfy significant ...
  • Triple Crown Realty Trust Acquires Interest In Terra Cotta Tower

    Source: GlobeNewswire
    Mon, 19 Aug 2019 11:06:00 EDT
    Wichita, Kan., Aug. 19, 2019 (GLOBE NEWSWIRE) -- Triple Crown Realty Trust has acquired interest in Terra Cotta Tower, a 50,000 square foot low rise office building in the popular north Rock Road area of Wichita, Kan. Owners of the Terra Cotta Tower office low-rise office building in Northeast Wichita exchanged equity in the property for partnership units in Triple Crown Realty Trust LP. ...
  • Gladstone Land Acquires a Large Pistachio Orchard in California

    Source: GlobeNewswire
    Mon, 19 Aug 2019 09:00:00 EDT
    MCLEAN, Va., Aug. 19, 2019 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired approximately 1,000 gross acres of farmland in Coalinga, California, for $33 million. The farm consists of 911 planted acres of mature pistachio trees. In connection with the acquisition, the Company also entered into an eight-year, ...
  • Postal Realty Trust’s Founder and CEO Adopts 10b5-1 Purchase Plan to Acquire Shares of the Company’s Common Stock

    Source: Business Wire
    Mon, 19 Aug 2019 07:00:00 EDT
    CEDARHURST, N.Y.--(BUSINESS WIRE)-- Postal Realty Trust, Inc. (NYSE:PSTL), an internally managed real estate investment trust that owns and manages properties leased to the United States Postal Service (USPS), today announced the Company’s founder, Chief Executive Officer and director, Andrew Spodek, entered into a trading plan (the “10b5-1 plan”) pursuant to Rule 10b5-1 under the Securities ...
  • Preferred Apartment Communities, Inc. Announces a Joint Venture Investment in a Grocery-Anchored Shopping Center Through its Wholly-Owned Indirect Subsidiary, New Market Properties, LLC

    Source: PR Newswire
    Mon, 19 Aug 2019 06:55:00 EDT
    ATLANTA, Aug. 19, 2019 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") announced that on August 16, 2019 it made an approximate 90% equity investment in a joint venture with Crosland Southeast (based in Charlotte, North Carolina) to acquire Fairfield Shopping Center, a grocery-anchored shopping center in Virginia Beach, Virginia. The 243,031 square ...
  • 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 ...
  • 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 ...

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