• Chatham Lodging Acquires New Courtyard by Marriott Dallas Downtown

    Source: Business Wire
    Thu, 06 Dec 2018 06:45:00 EST
    WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced that the company has acquired the recently opened 167-room Courtyard by Marriott Downtown Dallas, Texas, for $49 million, or approximately $293,000 per room. The ...
  • Pebblebrook Hotel Trust Completes Sale of the Grand Hotel Minneapolis

    Source: Business Wire
    Wed, 05 Dec 2018 08:00:00 EST
    BETHESDA, Md.--(BUSINESS WIRE)-- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it has closed on the sale of the 140-room, Grand Hotel Minneapolis in Minneapolis, Minnesota for $30.0 million. The sale price of $30.0 million includes the 140-room hotel and the 57,000 square foot fitness center which is fully leased to a third-party tenant until June 2019. The sales ...
  • Welltower Announces $1 Billion in New Off-Market Investments

    Source: PR Newswire
    Tue, 04 Dec 2018 08:00:00 EST
    TOLEDO, Ohio, Dec. 4, 2018 /PRNewswire/ -- Welltower Inc. (NYSE: WELL), today announced new off-market investment volume of $1.0 billion at a blended cap rate of 6.4% comprised of 11 separate Seniors Housing and Medical Office transactions. This investment activity is in addition to the previously announced $80 million Johns Hopkins transaction and $400 million 23 asset MOB portfolio ...
  • COPT to Build Two Data Centers in Innovation Park, Prince William County, Virginia

    Source: Business Wire
    Mon, 03 Dec 2018 13:31:00 EST
    PRINCE WILLIAM COUNTY, Va.--(BUSINESS WIRE)-- The Prince William Board of County Supervisors is pleased to announce that a division of Corporate Office Properties Trust (NYSE: OFC) (“COPT”) plans to construct two new data center facilities in the Data Center Opportunity Zone Overlay District in Innovation Park, Prince William County, Virginia. Construction of the first building has begun. ...
  • Pebblebrook Hotel Trust Increases Credit Facility to $650 Million

    Source: Business Wire
    Thu, 29 Nov 2018 07:00:00 EST
    BETHESDA, Md.--(BUSINESS WIRE)-- Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook”) announced that it successfully exercised the accordion feature of its existing senior unsecured revolving credit facility, upsizing the total capacity by $200 million, to a total of $650 million of availability. The upsized availability provides for additional capacity and flexibility for Pebblebrook in ...
  • Plymouth Industrial REIT Expands in Fast Growing Jacksonville Market with Agreement to Acquire Light Industrial and Flex Portfolio for $97 Million

    Source: Business Wire
    Tue, 27 Nov 2018 16:31:00 EST
    BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (NYSE American: PLYM) today announced it has signed a definitive agreement to acquire a 20-building, 1.1 million-square-foot light industrial and flex portfolio in Jacksonville, Florida for $97.1 million in cash. The acquisition, which is expected to close in mid-December 2018 subject to customary closing conditions, is projected to ...
  • Plymouth Industrial REIT Announces a $75 Million Strategic Investment from Madison International Realty

    Source: Business Wire
    Tue, 27 Nov 2018 16:30:00 EST
    BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (the “Company”) (NYSE American: PLYM) today announced a strategic investment by an affiliate of Madison International Realty Holdings, LLC (“Madison”). The Company has agreed to sell Madison 4,411,764 shares of its Series B Convertible Redeemable Preferred Stock at a price of $17.00 per share, or $75.0 million aggregate consideration, in ...
  • Interstate Hotels & Resorts Continues Management Agreement With Pittsburgh Airport Marriott

    Source: PR Newswire
    Tue, 27 Nov 2018 09:31:00 EST
    ARLINGTON, Va., Nov. 27, 2018 /PRNewswire/ -- Interstate Hotels & Resorts, a leading powerhouse in third-party hotel and resort management, has been selected to continue successful management of the Pittsburgh Airport Marriott in Coraopolis, Pennsylvania, recently acquired by investment subsidiaries of Colony Credit Real Estate, Inc. "As the largest global operator of franchised Marriott ...
  • Extended Stay America Announces Completed Disposition of 14 Hotels to Singerman Real Estate

    Source: GlobeNewswire
    Mon, 26 Nov 2018 16:30:00 EST
    CHARLOTTE, N.C., Nov. 26, 2018 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. and ESH Hospitality, Inc. (NASDAQ:STAY) (together, the “Company”) today announced the completed sale of 14 branded Extended Stay America hotels. The portfolio of Extended Stay America branded hotels are located in Ohio, Georgia and Illinois. The hotels were acquired by a subsidiary of Singerman Real Estate, LLC ...
  • Gladstone Land Acquires Potato Farm in Texas for $8.5 Million

    Source: GlobeNewswire
    Mon, 26 Nov 2018 08:15:00 EST
    MCLEAN, Va., Nov. 26, 2018 (GLOBE NEWSWIRE) -- Gladstone Land Corporation (NASDAQ: LAND) (“Gladstone Land” or the “Company”) announced that it has acquired a 3,667-acre farm in Hartley County, Texas, for $8.5 million. The farm includes over 2,200 irrigated acres growing primarily chip potatoes and is currently leased to CSS Farms, LLC, a national agribusiness company who is a market leader in ...
  • Safety, Income & Growth Originates $150 Million Ground Lease in Washington, D.C. on Trophy Asset

    Source: Business Wire
    Wed, 14 Nov 2018 08:30:00 EST
    NEW YORK--(BUSINESS WIRE)-- Safety, Income & Growth Inc. (NYSE:SAFE), the leading company focused on ground leases, announced it has originated a new $150 million ground lease, the largest single asset lease in its portfolio, on a trophy office building located on Pennsylvania Avenue in Washington, D.C. SAFE’s customer utilized the ground lease to help capitalize the acquisition of the ...
  • VICI Properties Inc. to Acquire the Real Estate Assets of the Greektown Casino-Hotel and Lease to Penn National Gaming

    Source: Business Wire
    Wed, 14 Nov 2018 06:14:00 EST
    – Acquiring Market-Leading Property at a 7.9% Capitalization Rate – – Acquisition Expected to be Accretive at Closing – NEW YORK--(BUSINESS WIRE)-- VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust (“REIT”), today announced that it has, together with Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National”) entered into ...
  • Boston Properties Prices $1.0 Billion Offering of Green Bonds

    Source: Business Wire
    Tue, 13 Nov 2018 18:08:00 EST
    BOSTON--(BUSINESS WIRE)-- Boston Properties, Inc. (NYSE: BXP), one of the largest publicly-traded developers, owners and managers of Class A office properties in the United States, announced today that its operating partnership, Boston Properties Limited Partnership (“BPLP”), has agreed to sell $1.0 billion of 4.500% senior unsecured notes due 2028 in an underwritten public offering through ...
  • Braemar Hotels & Resorts Announces Agreement To Acquire The Ritz-Carlton Lake Tahoe

    Source: PR Newswire
    Tue, 13 Nov 2018 08:00:00 EST
    DALLAS, Nov. 13, 2018 /PRNewswire/ -- Acquisition Highlights: Luxury resort in the North Lake Tahoe, California area with mid-mountain location at Northstar Ski Area Exceptional amenities including ski-in/ski-out access to Northstar Ski Mountain as well as a luxury Lake Club on the shore of Lake Tahoe Revenue per available room (RevPAR) of $372.35 for the 12 months ended September 30, 2018 ...
  • Ready Capital Announces Merger With Owens Realty Mortgage

    Source: PR Newswire
    Wed, 07 Nov 2018 21:52:00 EST
    NEW YORK, Nov. 7, 2018 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital"), a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans, today announced it has entered into a definitive merger agreement to combine in a stock-for-stock merger with Owens Realty Mortgage, Inc., (NYSEAM: ORM) ...
  • Strategic Storage Trust IV Expands Portfolio with Acquisition of 540-Unit Self Storage Facility in Houston

    Source: PR Newswire
    Wed, 07 Nov 2018 16:22:00 EST
    HOUSTON, Nov. 7, 2018 /PRNewswire/ -- Strategic Storage Trust IV, Inc. (SST IV), a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced today its acquisition of a 540-unit self storage facility in Houston, TX. "This facility is located in the fast growing NW Houston sub-market and is surrounded by established residential ...
  • Sun Communities, Inc. Makes Strategic Investment in Ingenia Communities, a Leading Owner and Operator of Manufactured Housing and Recreational Vehicle Communities in Australia

    Source: GlobeNewswire
    Tue, 06 Nov 2018 21:05:00 EST
    Southfield, MI, Nov. 06, 2018 (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 a strategic investment in Ingenia Communities Group (ASX: INA), a leading owner, operator and developer of senior manufactured housing ...
  • Preferred Apartment Communities, Inc. Announces Investment in Kennesaw, Georgia Student Housing Development

    Source: PR Newswire
    Tue, 06 Nov 2018 16:20:00 EST
    ATLANTA, Nov. 6, 2018 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that it closed on a loan investment of up to approximately $13.6 million. This investment is in connection with Terwilliger Pappas's plans to develop a 543-bed, 175-unit student housing community located near Kennesaw State University in Kennesaw, Georgia. ...
  • Pebblebrook Hotel Trust Originates $1.75 Billion Financing for the Merger with LaSalle Hotel Properties

    Source: Business Wire
    Thu, 01 Nov 2018 07:00:00 EDT
    BETHESDA, Md.--(BUSINESS WIRE)-- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it has successfully originated a $1.75 billion term loan (“Term Loan”). The new Term Loan provides funding needed for the Company’s previously announced pending merger with LaSalle Hotel Properties (“LaSalle”), which includes paying off LaSalle’s current outstanding debt balances and other ...
  • Ashford Trust Completes Acquisition of the La Posada de Santa Fe Hotel

    Source: PR Newswire
    Wed, 31 Oct 2018 17:15:00 EDT
    DALLAS, Oct. 31, 2018 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that it has completed the previously announced acquisition of La Posada de Santa Fe ("La Posada") located in Santa Fe, New Mexico, for total consideration of $50 million. This acquisition is the second transaction to benefit from the Enhanced Return Funding ...
  • CyrusOne Enters Into Strategic Partnership to Develop Hyperscale Data Centers in The Netherlands

    Source: Business Wire
    Tue, 30 Oct 2018 09:00:00 EDT
    DALLAS--(BUSINESS WIRE)-- CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, today announced entry into an agreement with Agriport A7 for the development of hyperscale data centers in Middenmeer, The Netherlands. Under the terms of the agreement, CyrusOne will have the option to purchase up to 33 hectares of land, in parcels as demand dictates, for a 270MW master planned ...
  • Armada Hoffler Properties Announces Investment in New Development Project in Charleston, South Carolina MSA

    Source: GlobeNewswire
    Tue, 30 Oct 2018 06:05:00 EDT
    VIRGINIA BEACH, Va., Oct. 30, 2018 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) announced today that it will invest in Nexton Square, a new open-air lifestyle center currently under construction in Summerville, South Carolina. Located at the entrance to a new 4,500 acre master-planned community, Nexton Square will serve as the retail gateway to over 10,000 new single-family ...
  • Tanger Outlets Closes on $350 Million Unsecured Term Loan Facility

    Source: PR Newswire
    Fri, 26 Oct 2018 10:59:00 EDT
    GREENSBORO, N.C., Oct. 26, 2018 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT), today announced its operating partnership, Tanger Properties Limited Partnership, has amended its $325 million unsecured term loan, increasing total capacity to $350 million, extending maturity through April 2024 from April 2021, and reducing the interest rate spread over LIBOR to 0.90% from 0.95%. ...
  • Digital Realty Completes Refinancing of Global Revolving Credit Facility and Multi-Currency Term Loans

    Source: PR Newswire
    Thu, 25 Oct 2018 16:05:00 EDT
    SAN FRANCISCO, Oct. 25, 2018 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today that it has completed the refinancing of its global credit facilities. The combined facilities total $3.3 billion, consisting of a $2.35 billion global revolving credit facility and approximately $916 million of ...
  • LaSalle Hotel Properties Issues FAQ in Connection with Pending Merger Transaction with Pebblebrook Hotel Trust

    Source: Business Wire
    Tue, 23 Oct 2018 18:10:00 EDT
    BETHESDA, Md.--(BUSINESS WIRE)-- LaSalle Hotel Properties (NYSE: LHO) (“LaSalle” or the “Company”) today has posted the following list of Frequently Asked Questions (“FAQs”) to the investor relations section of the Company’s website, https://ir.lasallehotels.com/, regarding how LaSalle shareholders can elect to receive cash consideration or common share consideration in connection with the ...
  • One Liberty Properties Acquires Industrial/Office Property

    Source: GlobeNewswire
    Mon, 22 Oct 2018 16:25:00 EDT
    GREAT NECK, N.Y., Oct. 22, 2018 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), announced that it acquired, in a sale-leaseback transaction, a 63,882 square foot industrial/office property on 7.35 acres located in Englewood, Colorado, a suburb of Denver, for $12.8 million. Englewood, Colorado is located 15 miles southeast of downtown Denver and just a short distance from the ...
  • Broadstone Net Lease Provides Update on Impact of Hurricane Michael

    Source: GlobeNewswire
    Fri, 19 Oct 2018 14:15:00 EDT
    ROCHESTER, N.Y., Oct. 19, 2018 (GLOBE NEWSWIRE) -- Broadstone Net Lease, Inc. (“BNL”) announced today that it has been actively monitoring and assessing the impact of Hurricane Michael on its 19 properties located in Alabama, Florida, Georgia, and South Carolina impacted by the storm, which account for approximately $4.97 million of BNL’s contractual rental revenue over the next twelve months ...
  • Plymouth Industrial REIT Completes UPREIT Transaction for Multi-Tenant Industrial Property in Cincinnati for $24.8 Million

    Source: Business Wire
    Thu, 18 Oct 2018 06:30:00 EDT
    BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (NYSE American: PLYM) announced that it has completed the previously announced acquisition of a 1.1 million-square-foot multi-tenant, Class B industrial property in the greater Cincinnati, Ohio market for total consideration of $24.8 million. The acquisition is projected to provide an initial yield of 8.5%. Plymouth funded the ...
  • SL Green Announces Sale of Upper East Side Properties

    Source: Business Wire
    Wed, 17 Oct 2018 16:05:00 EDT
    NEW YORK--(BUSINESS WIRE)-- SL Green Realty Corp., New York City’s largest office landlord, today announced it has entered into a contract to sell its fee interest in 1231 Third Avenue and an Upper East Side Assemblage consisting of 4 properties on East 72nd Street and 31,076 square feet of development rights, for a combined sales price of $143.8 million. SL Green took possession of 1231 Third ...
  • Strategic Storage Trust IV Acquires Six-Facility Self Storage Portfolio in the Greater Houston Area and College Station

    Source: PR Newswire
    Tue, 16 Oct 2018 13:53:00 EDT
    HOUSTON, Oct. 16, 2018 /PRNewswire/ -- Strategic Storage Trust IV, Inc. (SST IV), a public non-traded real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced today the acquisition of a six-property self storage portfolio primarily in the Greater Houston area and College Station. The portfolio includes approximately 3,600 storage units and recreational ...
  • PREIT Highlights Foresight in Anchor Repositioning Strategy in Response to Potential Sears Bankruptcy Filing

    Source: PR Newswire
    Wed, 10 Oct 2018 16:30:00 EDT
    PHILADELPHIA, Oct. 10, 2018 /PRNewswire/ -- PREIT (NYSE: PEI) outlined its proactive Sears replacement strategy, resulting in minimal exposure to the troubled department store, down from 27 stores in 2012 to just four active stores today when factoring in locations at lease with replacement tenants, those with non-recourse mortgage loans and one location with a significant portion of the space ...
  • Hudson Pacific Updates 2018 Outlook in Connection with Ferry Building Acquisition

    Source: Business Wire
    Wed, 10 Oct 2018 09:00:00 EDT
    LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (NYSE: HPP) today reaffirmed its full-year 2018 FFO guidance of $1.83 to $1.89 per diluted share, excluding specified items. As noted with respect to the previously stated guidance, specified items for full-year 2018 FFO guidance consist of transaction-related expenses of $0.1 million, the write-off of original issuance costs ...
  • Innovative Industrial Properties Announces Exercise of Option to Purchase Additional Shares of Common Stock

    Source: Business Wire
    Tue, 09 Oct 2018 11:34:00 EDT
    SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the full exercise of the underwriters’ option to purchase an additional 390,000 shares of common stock in connection with the Company’s previously announced follow-on offering that priced on October 3, 2018. In total, the Company sold 2,990,000 shares of common stock in the ...
  • Ashford Trust Announces Agreement to Acquire the La Posada de Santa Fe for $50 Million

    Source: PR Newswire
    Tue, 09 Oct 2018 08:00:00 EDT
    DALLAS, Oct. 9, 2018 /PRNewswire/ -- Acquisition Highlights: Iconic boutique resort located in the affluent and high barriers-to-entry Santa Fe, New Mexico market proximate to the historic Santa Fe Plaza Exceptional amenities including four food & beverage outlets, an award-winning full-service spa and 7,800 square feet of indoor/outdoor meeting space Revenue per available room (RevPAR) of ...

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