• CAPREIT Acquires B.C. Apartment Property

    Source: GlobeNewswire
    Thu, 19 Dec 2019 17:59:00 EST
    TORONTO, Dec. 19, 2019 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of Redwood Manor in New Westminster, British Columbia. Occupancy for the 48-suite property currently stands at 100%. CAPREIT paid approximately $13.4 million for the property, funded by its Acquisition and Operating ...
  • Safehold Closes A New $285 Million Ground Lease in New York City

    Source: Business Wire
    Thu, 12 Dec 2019 16:30:00 EST
    NEW YORK--(BUSINESS WIRE)-- Safehold Inc. (NYSE: SAFE) has closed on the previously announced $285 million Safehold™ ground lease under the office property at 135 West 50th Street in New York City. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191212005794/en/135 W. 50th St. (Photo: Business Wire) “We are witnessing significant ...
  • Rexford Industrial Acquires Two Industrial Properties For $99.7 Million

    Source: PR Newswire
    Thu, 12 Dec 2019 07:00:00 EST
    LOS ANGELES, Dec. 12, 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 two industrial properties for $99.7 million. The investments were funded using cash on hand. "These ...
  • One Liberty Properties Sells Round Rock, Texas Property for $16.6 Million

    Source: GlobeNewswire
    Wed, 11 Dec 2019 16:10:00 EST
    GREAT NECK, N.Y., Dec. 11, 2019 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP) an acquirer, owner and manager of a geographically diversified portfolio of net leased properties, today announced that it sold an 87,500 square foot assisted living facility in Round Rock, Texas, for a sales price of $16.6 million, of which $13.2 million was used to repay the mortgage debt associated ...
  • Whitestone Reports the Acquisition of Las Colinas Village in Dallas

    Source: GlobeNewswire
    Wed, 11 Dec 2019 07:00:00 EST
    HOUSTON, Dec. 11, 2019 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) acquired Las Colinas Village, a 104,915 square foot center in Las Colinas, Texas, an upwardly mobile, young professional community of Irving, Texas along North Dallas’ “Platinum Corridor.” Las Colinas Village is located on an intersection with a daytime VPD of 187,000 and an average 3-mile ...
  • FCPT Announces Acquisition of a Popeye’s-Anchored Multi-Tenant Property for $2.9 Million

    Source: Business Wire
    Tue, 10 Dec 2019 16:05:00 EST
    MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a restaurant-anchored multi-tenant property for $2.9 million. The property was constructed in 2017, is located in Illinois and is ...
  • Griffin Institutional Access® Real Estate Fund Surpasses $4 Billion in Assets Under Management

    Source: Business Wire
    Tue, 10 Dec 2019 14:00:00 EST
    EL SEGUNDO, Calif.--(BUSINESS WIRE)-- Griffin Capital Company, LLC (“Griffin Capital”) announced today that Griffin Institutional Access Real Estate Fund (the “Fund”) surpassed $4 billion in assets under management. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191210005933/en/(Photo: Business Wire) “We greatly appreciate the ...
  • Dream Global Real Estate Investment Trust Announces Closing of Blackstone Acquisition

    Source: GlobeNewswire
    Tue, 10 Dec 2019 11:00:00 EST
    TORONTO, Dec. 10, 2019 (GLOBE NEWSWIRE) -- DREAM GLOBAL REAL ESTATE INVESTMENT TRUST (TSX: DRG.UN FRA: DRG, “Dream Global REIT” or the “REIT”) announced today the closing of its previously-announced transaction pursuant to which affiliates of real estate funds managed by The Blackstone Group Inc. (“Blackstone”) acquired all of Dream Global REIT’s subsidiaries and assets in an all-cash ...
  • Sotherly Hotels Inc. Announces Relocation of Corporate Headquarters

    Source: GlobeNewswire
    Tue, 10 Dec 2019 10:30:00 EST
    WILLIAMSBURG, Va., Dec. 10, 2019 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (“Sotherly” or the “Company”) today announced that the Company is moving its corporate offices, currently located at 410 West Francis Street, Williamsburg, Virginia. Effective December 10, 2019, the Company’s new corporate headquarters will be: 306 South Henry Street, Suite 100Williamsburg, Virginia ...
  • Plymouth Industrial REIT Significantly Expands Presence in Indianapolis with Acquisition of Industrial Properties for $62 Million

    Source: Business Wire
    Tue, 10 Dec 2019 07:00:00 EST
    BOSTON--(BUSINESS WIRE)-- Plymouth Industrial REIT, Inc. (NYSE American: PLYM) announced that it has acquired ten industrial buildings totaling 2.1 million square feet in Indianapolis, Indiana for $62 million. Shadeland Commerce Center is comprised of nine buildings totaling approximately 1.7 million square feet and is 95% leased to 26 tenants, including Penske, ABC Supply Company, PPG ...
  • Consolidated Tomoka Announces Acquisition of The Strand, A 212,000 Square Foot Shopping Center, in Jacksonville, Florida for $62.7 Million

    Source: GlobeNewswire
    Mon, 09 Dec 2019 17:00:00 EST
    DAYTONA BEACH, Fla., Dec. 09, 2019 (GLOBE NEWSWIRE) -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the purchase of The Strand, an approximately 212,000 square foot shopping center in Jacksonville, Florida (the “Strand”), for $62.7 million. The Strand is 95% occupied and has four anchor tenants: Hobby Lobby, Best Buy, 2nd & Charles and the PGA Superstore. ...
  • Agree Realty Announces Expanded $600 Million Credit Facility

    Source: PR Newswire
    Mon, 09 Dec 2019 16:05:00 EST
    BLOOMFIELD HILLS, Mich., Dec. 9, 2019 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced it has entered into a Second Amended and Restated Revolving Credit and Term Loan Agreement to increase its senior unsecured credit facility (the "Credit Facility") to $600 million. The Credit Facility is comprised of a $500 million unsecured revolving credit facility (the ...
  • Ventas to Donate $9 Million To Support Elementary and Middle School Education in Philadelphia

    Source: Business Wire
    Mon, 09 Dec 2019 08:00:00 EST
    Donation Will Be Used Towards Construction of New K-8 School to House Powel Elementary School and the Science Leadership Academy Middle School in West Philadelphia CHICAGO--(BUSINESS WIRE)-- Ventas, Inc. (NYSE: VTR), a leading real estate investment trust, will donate nearly $9 million to provide major funding for the design, construction and development of a new K-8 public school facility to ...
  • FCPT Announces Acquisition of LongHorn Steakhouse and Olive Garden Restaurant Properties From Pyramid Management Group for $3.3 Million

    Source: Business Wire
    Fri, 06 Dec 2019 16:42:00 EST
    MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a LongHorn Steakhouse property and an Olive Garden property for $3.3 million from Pyramid Management Group. The properties are ...
  • SL Green Realty Corp. Announces $500 Million Increase to Share Repurchase Program

    Source: Business Wire
    Fri, 06 Dec 2019 07:35:00 EST
    Total Authorization Now At $3.0 billion NEW YORK--(BUSINESS WIRE)-- SL Green Realty Corp. (NYSE: SLG), New York City’s largest office landlord, today announced that the Company’s Board of Directors has authorized an increase to the size of its share repurchase program by an additional $500 million of the Company’s common stock, bringing the program to a total of $3.0 billion. To date, the ...
  • FCPT Announces Acquisition of PNC Bank Property for $1.5 Million

    Source: Business Wire
    Thu, 05 Dec 2019 17:09:00 EST
    MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), closed on the purchase of a PNC Bank property for $1.5 million. The property is located in Michigan, is leased to the corporate operator under a triple-net ground lease with ...
  • Prologis Expands China Development Venture to US$3.5 Billion and Announces the Formation of a US$1.7 Billion China Open End Fund

    Source: PR Newswire
    Wed, 04 Dec 2019 16:15:00 EST
    SAN FRANCISCO, Dec. 4, 2019 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced the expansion of its development venture in China and increased its development capacity to more than US$3.5 billion. Prologis also announced the formation of its new US$1.7 billion open-ended Prologis China Core Logistics Fund, LP ("PCCLF" or the "Fund"). As part ...
  • Ashford Trust Announces Sale of Springhill Suites Jacksonville for $11.2 Million

    Source: PR Newswire
    Wed, 04 Dec 2019 08:00:00 EST
    DALLAS, Dec. 4, 2019 /PRNewswire/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced the sale of the 102-room SpringHill Suites Jacksonville in Jacksonville, Florida for $11.2 million ($109,000 per key). The sales price, inclusive of buyer's estimated anticipated capex of $2.5 million, represents a trailing twelve-month cap rate of 5.9% on net ...
  • Postal Realty Trust Enters into Definitive Agreement to Acquire $15.5 Million Portfolio

    Source: Business Wire
    Wed, 04 Dec 2019 06:30:00 EST
    - To Issue $8.2 Million in OP Units at $17.00 per Unit as Part of Consideration - CEDARHURST, N.Y.--(BUSINESS WIRE)-- Postal Realty Trust, Inc. (NYSE:PSTL) (the “Company”), an internally managed real estate investment trust that owns properties leased to the United States Postal Service (“USPS”), announced it has entered into a definitive agreement with an unrelated third party to acquire a ...
  • The Empire State Building And Kay Jewelers, In Partnership With iHeartMedia, Announce That It's 'Christmas in New York' With A Brand-New Holiday Light Show Featuring Lea Michele

    Source: PR Newswire
    Tue, 03 Dec 2019 11:04:00 EST
    NEW YORK, Dec. 3, 2019 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) and iHeartMedia today announced that the annual Empire State Building (ESB) holiday music-to-light show, presented by Kay Jewelers®, will feature Lea Michele's brand-new song "Christmas in New York," from her new album Christmas in The City. World-renowned lighting artist Marc Brickman designed the light show, ...
  • Vornado Completes $800 Million Refinancing of 650 Madison Avenue

    Source: GlobeNewswire
    Mon, 02 Dec 2019 08:47:00 EST
    NEW YORK, Dec. 02, 2019 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) announced today that its 20.1% owned joint venture has completed an $800 million refinancing of 650 Madison Avenue, a 600,000 square foot Manhattan office and retail property. The ten-year interest only loan carries a fixed rate of 3.486% and matures in December 2029. The loan replaces the previous $800 million loan ...

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