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  • 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 ...
  • JLL advises Welltower on $1.8 billion recapitalization of Benchmark Senior Living portfolio

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Source: Canada Newswire
    Fri, 28 Jun 2019 08:09:00 EDT
    TORONTO, June 28, 2019 /CNW/ - European Residential Real Estate Investment Trust (TSX-V:ERE.UN, "ERES") and Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN, "CAPREIT") are pleased to announce the closing of the previously announced acquisition by ERES from CAPREIT (the "Pipeline Acquisition"), effective June 30, 2019, of a portfolio comprised of 21 properties, ...
  • Postal Realty Trust, Inc. Declares Initial Pro-Rated Dividend

    Source: Business Wire
    Wed, 26 Jun 2019 16:34:00 EDT
    CEDARHURST, N.Y.--(BUSINESS WIRE)-- Postal Realty Trust, Inc. (NYSE:PSTL) (the “Company”), an internally managed real estate investment trust that owns and manages properties leased to the United States Postal Service (the “USPS”), announced today that its board of directors has approved the initial dividend on the Company’s Class A common stock in the amount of $0.063 per share. The initial ...
  • Resource Apartment REIT III, Inc. Purchases The Summit

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

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

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

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

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