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  • 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, ...
  • Armada Hoffler Properties Completes the Acquisition of Thames Street Wharf in Baltimore’s Harbor Point

    Source: GlobeNewswire
    Thu, 27 Jun 2019 06:00:00 EDT
    VIRGINIA BEACH, Va., June 27, 2019 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE: AHH) announced today that it has completed the previously announced acquisition of Thames Street Wharf, a certified LEED Gold Class A office building located in the Harbor Point development of Baltimore, Maryland. The 263,426 square foot trophy office building is 100% occupied and anchored by Morgan ...
  • 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 ...
  • American Landmark/Electra America Proposes to Acquire Pure Multi-Family REIT at an all-Cash Price of US$7.61 (CDN$10.03) Per Unit

    Source: GlobeNewswire
    Wed, 26 Jun 2019 16:31:00 EDT
    LAKE PARK, Fla., June 26, 2019 (GLOBE NEWSWIRE) -- American Landmark/Electra America (“ALEA”), the owner and operator of multifamily properties in the U.S., announced that it has today submitted to the Board of Pure Multi-Family REIT LP (TO:RUF.U) (TO:RUF.UN) (“Pure”) a written proposal to acquire 100% of the outstanding Class A Units (“Units”) of Pure for an enhanced all-cash price per Unit ...
  • FCPT Announces Acquisition of a Wendy’s Restaurant for $2.0 Million

    Source: Business Wire
    Wed, 26 Jun 2019 16:05:00 EDT
    MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Wendy’s restaurant for $2.0 million. The property is located in Ohio and is leased to MUY! Hamburger Partners (operator of 312 Wendy’s ...
  • 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 ...
  • Innovative Industrial Properties Acquires Michigan Property and Enters Into Long-Term Lease with Emerald Growth Partners

    Source: Business Wire
    Fri, 21 Jun 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 Harrison, Michigan, which comprises approximately 45,000 square feet of industrial space. The purchase price for the ...
  • Global Net Lease, Inc. Announces Series A Preferred Stock Dividend

    Source: PR Newswire
    Fri, 21 Jun 2019 06:00:00 EDT
    NEW YORK, June 21, 2019 /PRNewswire/ -- Global Net Lease, Inc. ("GNL") (NYSE: GNL/ GNL PRA) announced today that it intends to continue to pay dividends on a quarterly basis on its 7.25% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") at an annualized rate of $1.8125 per share or $0.453125 per share on a quarterly basis. Dividends on the Series A Preferred Stock ...
  • American Assets Trust, Inc. Acquires La Jolla Commons in San Diego, California

    Source: GlobeNewswire
    Thu, 20 Jun 2019 16:23:00 EDT
    SAN DIEGO, June 20, 2019 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “Company”) has successfully closed on the acquisition of La Jolla Commons, consisting of two trophy office towers, an entitled development parcel and two parking structures, located in the preeminent University Town Center submarket of San Diego, California. The two LEED platinum office towers at La Jolla ...
  • NHI to Participate in 2019 JMP Securities Boston Real Estate Forum

    Source: Business Wire
    Thu, 20 Jun 2019 16:15:00 EDT
    MURFREESBORO, Tenn.--(BUSINESS WIRE)-- National Health Investors (NYSE: NHI) announced that President and CEO, Eric Mendelsohn, and John Spaid, EVP, Finance, will be meeting with institutional investors at the 2019 JMP Securities Boston Real Estate Conference. The conference will take place on June 27th at the Boston Harbor Hotel in Boston, Massachusetts. About NHI Incorporated in 1991, ...
  • Community Exchange Holdings Deploys Interconnection Platforms in QTS' Miami, Atlanta and Suwanee, GA Data Centers

    Source: PR Newswire
    Thu, 20 Jun 2019 09:00:00 EDT
    MIAMI and ATLANTA and SUWANEE, Ga., June 20, 2019 /PRNewswire/ -- Responding to increasing demand for diverse, open interconnection, QTS Realty Trust (NYSE: QTS), a leading provider of hybrid colocation and mega scale data center solutions, today announced that Community IX Holdings (CIX) has deployed its next-generation interconnection platform in QTS' data centers in Miami, Atlanta and ...
  • Easterly Government Properties Announces Lease Award for the Development of 162,000 SF FDA Laboratory in Atlanta, Georgia

    Source: Business Wire
    Thu, 20 Jun 2019 09:00:00 EDT
    ~ Easterly’s Third and Largest FDA Laboratory Development Project ~ WASHINGTON--(BUSINESS WIRE)-- Easterly Government Properties, Inc. (NYSE: DEA) (“Easterly”), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has been awarded a 20 year ...
  • Carr Properties Together With National Real Estate Advisors and the HYM Investment Group Break Ground on One Congress

    Source: PR Newswire
    Thu, 20 Jun 2019 07:08:00 EDT
    BOSTON, June 20, 2019 /PRNewswire/ -- Mayor Martin J. Walsh, Carr Properties, National Real Estate Advisors, LLC and The HYM Investment Group will break ground today on One Congress, the 600-foot tall office tower that will house the future headquarters of State Street Corporation. The building, part of the Bulfinch Crossing redevelopment, is owned through a 50-50 joint venture between Carr ...
  • Slate Retail REIT to Release Second Quarter 2019 Results

    Source: Business Wire
    Wed, 19 Jun 2019 18:23:00 EDT
    TORONTO--(BUSINESS WIRE)-- Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN) (the "REIT"), an owner of U.S. grocery-anchored real estate, announced today that it will be releasing its second quarter 2019 results before market hours on Wednesday, July 31, 2019. Senior management will host a live conference call at 9:00 am ET on Wednesday, July 31, 2019 to discuss the results and ongoing business ...
  • Two Harbors Investment Corp. Announces Second Quarter 2019 Common and Preferred Stock Dividends

    Source: Business Wire
    Wed, 19 Jun 2019 16:19:00 EDT
    NEW YORK--(BUSINESS WIRE)-- Two Harbors Investment Corp. (NYSE: TWO), a leading hybrid mortgage real estate investment trust, today declared a dividend of $0.40 per share of common stock for the second quarter of 2019. This dividend is payable on July 29, 2019 to common stockholders of record at the close of business on July 1, 2019. Two Harbors distributes common stock dividends based on its ...
  • SmartRent Raises $32 Million to Support Rapid Growth and Large-Scale Deployments with Major Multifamily Organizations

    Source: Business Wire
    Wed, 19 Jun 2019 09:00:00 EDT
    Bain Capital Ventures Leads the Smart Home Company’s Latest Round of Financing; Fred Tuomi to Join Board of Directors PHOENIX--(BUSINESS WIRE)-- SmartRent, the smart home automation platform company for multifamily property managers and renters, today announced it has closed a $32 million Series B funding round led by Bain Capital Ventures along with additional investment from RET Ventures and ...
  • Tremont Mortgage Trust Provides $14.5 Million First Mortgage Bridge Loan for the Acquisition of Baker Square Shopping Center in Omaha, NE

    Source: Business Wire
    Tue, 18 Jun 2019 16:15:00 EDT
    NEWTON, Mass.--(BUSINESS WIRE)-- Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $14.5 million first mortgage bridge loan it provided to finance the acquisition of Baker Square Shopping Center, a 158,380 square foot retail center in Omaha, Nebraska. This floating rate loan includes initial funding of $13 million and a future funding allowance of approximately $1.5 ...
  • Gladstone Commercial Announces $17.75 Million Industrial Acquisition in Tifton, GA

    Source: GlobeNewswire
    Tue, 18 Jun 2019 16:05:00 EDT
    MCLEAN, Va., June 18, 2019 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (NASDAQ: GOOD) (“Gladstone Commercial”) announced today that it acquired a 676,031 square foot industrial distribution center in Tifton, Georgia, for $17.75 million. The property is 100% leased to Orgill, Inc. (“Orgill”) with eight and one half (8.5) years of remaining lease term. Orgill utilizes the property as a ...
  • SEC Qualifies DiversyFund to Drop Investment Minimums for Real Estate Fund to $500

    Source: PR Newswire
    Tue, 18 Jun 2019 08:00:00 EDT
    SAN DIEGO, June 18, 2019 /PRNewswire/ -- DiversyFund, a financial tech company providing everyday Americans with the same investment opportunities as the wealthy, announced today it has received qualification from the U.S. Securities and Exchange Commission (SEC) to lower the minimum amount required to invest in its commercial real estate investment trust (REIT) to $500. DiversyFund's Growth ...
  • Treehouse Real Estate Investment Trust, Inc. Announces Acquisition of Cannabis-Use Retail Facility in Arizona

    Source: Business Wire
    Tue, 18 Jun 2019 07:00:00 EDT
    LOS ANGELES--(BUSINESS WIRE)-- Treehouse Real Estate Investment Trust, Inc. (“Treehouse” or the “Company”) announced today that it has completed the acquisition of a future flagship, build-to-suit cannabis-use retail store in Tempe, Arizona. “We are excited to announce our first acquisition in the State of Arizona,” said Ryan Nelson, Senior Associate at Treehouse Real Estate Investment Trust. ...
  • Cousins Properties Closes Merger With TIER REIT

    Source: PR Newswire
    Fri, 14 Jun 2019 12:05:00 EDT
    ATLANTA, June 14, 2019 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today the closing of its stock-for-stock merger with TIER REIT, Inc. (NYSE: TIER). Shares of TIER common stock will be de-listed after the close of trading today. About Cousins Properties Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, ...
  • HBC Reports First Quarter 2019 Financial Results

    Source: Business Wire
    Thu, 13 Jun 2019 07:00:00 EDT
    Revenues totaled $2.1 billion, with comparable sales up 0.3%, excluding Home Outfitters and Lord + Taylor currently undergoing a review of strategic alternatives Saks Fifth Avenue comparable sales up 2.4%, continuing to deliver industry-leading results with a two-year stacked comp of 8.4% Saks OFF 5TH returned to growth, with a 4.4% comp in the first quarter Net income of $275 million in the ...
  • Cousins Properties And TIER REIT Stockholders Approve Merger

    Source: PR Newswire
    Thu, 13 Jun 2019 06:55:00 EDT
    ATLANTA and DALLAS, June 13, 2019 /PRNewswire/ -- Cousins Properties ("Cousins") (NYSE: CUZ) and TIER REIT, Inc. ("TIER") (NYSE: TIER) announced today that the stockholders of both companies approved all of the proposals necessary for the closing of the previously announced stock-for-stock merger between Cousins and TIER. At the special meeting of Cousins stockholders, approximately 99.96% of ...
  • American Campus Communities, Inc. Announces Pricing of $400 Million 3.300 Percent Senior Unsecured Notes Due 2026

    Source: Business Wire
    Wed, 12 Jun 2019 16:47:00 EDT
    AUSTIN, Texas--(BUSINESS WIRE)-- American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that its operating partnership, American Campus Communities Operating Partnership LP, priced a $400 million offering of senior unsecured notes under its existing shelf registration. These seven-year notes ...
  • Apollo Commercial Real Estate Finance, Inc. Announces Preferred Dividend

    Source: GlobeNewswire
    Wed, 12 Jun 2019 16:15:00 EDT
    NEW YORK, June 12, 2019 (GLOBE NEWSWIRE) -- Apollo Commercial Real Estate Finance, Inc. (the “Company”) (NYSE:ARI) today announced the Board of Directors declared a cash dividend on the Company’s 8.00% Fixed-to-Floating Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred”) of $0.50 per share for the quarterly period from April 15, 2019 to, but not including, July ...
  • Summit Industrial Income REIT Announces Completion of $149.5 Million Equity Offering

    Source: Canada Newswire
    Wed, 12 Jun 2019 08:30:00 EDT
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TORONTO, June 12, 2019 /CNW/ - Summit Industrial Income REIT ("Summit" or the "REIT") (TSX: SMU.UN) announced today that it has completed its previously announced public offering (the "Offering") of 11,960,000 units at a price of $12.50 per unit for total gross proceeds of approximately $149.5 ...
  • American Assets Trust, Inc. Announces Proposed Public Offering of Common Stock

    Source: GlobeNewswire
    Mon, 10 Jun 2019 16:02:00 EDT
    SAN DIEGO, June 10, 2019 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “Company”) announced today that it has commenced an underwritten public offering of 9,500,000 shares of its common stock. In connection with this offering, the Company plans to grant the underwriters a 30-day option to purchase up to 1,425,000 additional shares of its common stock. The Company intends to ...
  • HBC Agrees to Sell Remaining European Real Estate and Divest Related Retail Joint Venture for $1.5 Billion

    Source: Business Wire
    Mon, 10 Jun 2019 08:56:00 EDT
    Solidifies HBC’s strategic focus on North American operations and greatest opportunities for growth - Saks Fifth Avenue and Hudson’s Bay Transaction betters real estate mark established in September 2018 for same assets Proceeds to be used to strengthen HBC’s balance sheet by fully repaying term loan TORONTO & NEW YORK--(BUSINESS WIRE)-- HBC (TSX: HBC) has entered into definitive agreements to ...
  • 3650 REIT Originates $135 Million 10-Year Loan to Refinance Selig Office Portfolio

    Source: Business Wire
    Mon, 10 Jun 2019 08:44:00 EDT
    SEATTLE--(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 a $135 million 10-year, first-mortgage loan to Martin Selig Real Estate to refinance the Selig Office Portfolio, which comprises nearly 403,000 ...
  • Medical Properties Trust Completes A$1.2 Billion Investment in Eleven Healthscope Hospitals

    Source: Business Wire
    Thu, 06 Jun 2019 16:05:00 EDT
    BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has completed the previously announced A$1.2 billion acquisition of the real estate interests of 11 Australian hospitals operated by Healthscope Ltd. The Company financed the acquisition with a A$1.2 billion unsecured five-year term, Australian-denominated loan with a ...
  • Arbor Realty Trust Closes Eleventh Collateralized Securitization Vehicle

    Source: GlobeNewswire
    Wed, 05 Jun 2019 16:10:00 EDT
    UNIONDALE, N.Y., June 05, 2019 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (NYSE: ABR), today announced the closing of a $650 million commercial real estate mortgage securitization (the “Securitization”). An aggregate of $533 million of investment grade-rated notes were issued (the “Notes”) and Arbor retained subordinate interests in the issuing vehicle of $117 million. The $650 million of ...
  • CIM Commercial Trust Declares Common and Series A Preferred Stock Dividends

    Source: Business Wire
    Tue, 04 Jun 2019 19:50:00 EDT
    DALLAS--(BUSINESS WIRE)-- CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L), a real estate investment trust (REIT) that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, announced today that its Board of Directors has declared a quarterly cash dividend of $0.125 per common ...
  • One Liberty Properties Acquires Two Industrial Properties

    Source: GlobeNewswire
    Tue, 04 Jun 2019 16:05:00 EDT
    GREAT NECK, N.Y., June 04, 2019 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP), announced that it acquired two industrial properties for an aggregate purchase price of $11.8 million. On May 30, 2019, One Liberty acquired a 100,000 square foot industrial facility on 4.6 acres located three miles east of downtown Nashville, Tennessee, for $8 million. The property is leased to two ...
  • Pickard Chilton Tapped by Boston Properties to Design 325 Main, Google's New Cambridge HQ

    Source: PR Newswire
    Tue, 04 Jun 2019 10:44:00 EDT
    NEW HAVEN, Conn., June 4, 2019 /PRNewswire/ -- Pickard Chilton, an award-winning architecture studio best known for its innovative and cutting-edge design of corporate headquarters and campuses, has been selected by developer Boston Properties to design a 16-story, 417,000 gsf office tower at 325 Main Street in Cambridge, Mass. Pickard Chilton's latest project will serve as Google's new ...
  • Small Exchange Partners with CyrusOne to Provide Access to New Future Exchanges in Aurora

    Source: Business Wire
    Tue, 04 Jun 2019 09:00:00 EDT
    The Financial Industry’s Preeminent Data Center Campus Provides Secure and Fast Access for Small Exchange Customers CHICAGO--(BUSINESS WIRE)-- CyrusOne (NASDAQ: CONE), a premier global data center REIT, and the Small Exchange, today jointly announced the exchange will reside within CyrusOne’s Aurora data center campus. The exchange is launching proprietary indices in equities, interest rates, ...
  • NHI Expands Discovery Relationship with $128.4 Million Joint Venture

    Source: Business Wire
    Tue, 04 Jun 2019 06:00:00 EDT
    - Commits $6 Million to Mortgage Loan - MURFREESBORO, Tenn.--(BUSINESS WIRE)-- National Health Investors, Inc. (NYSE: NHI) announced today that it has entered into a property-company joint venture with affiliates of its current tenant, Discovery Senior Living (“Discovery”). Six properties, located in Pennsylvania, Maryland and Indiana, will be purchased by the joint venture for $128,350,000, ...
  • Federal Realty Investment Trust Completes Sale of Free State Shopping Center

    Source: PR Newswire
    Mon, 03 Jun 2019 16:42:00 EDT
    ROCKVILLE, Md., June 3, 2019 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) announced today the sale of Free State Shopping Center to New Market Properties, LLC, a wholly-owned indirect subsidiary of Preferred Apartment Communities, Inc., for $72.0 million. Free State Shopping Center is a 264,000 square foot Giant Food anchored shopping center located in Bowie, Maryland. "The sale ...
  • Urstadt Biddle Properties Inc. Announces Quarterly Dividends on Class A Common and Common Shares

    Source: Business Wire
    Mon, 03 Jun 2019 16:15:00 EDT
    GREENWICH, Conn.--(BUSINESS WIRE)-- At their quarterly meeting today, the Directors of Urstadt Biddle Properties Inc. (NYSE: UBA and UBP), declared quarterly dividends on the Company’s Class A Common Stock and Common Stock. The dividends were declared in the amounts of $0.275 for each share of Class A Common Stock and $0.245 for each share of Common Stock. The dividends are payable July 19, ...
  • W. P. Carey Inc. and Extra Space Storage Inc. Announce Self-Storage Net Lease Transaction

    Source: PR Newswire
    Mon, 03 Jun 2019 16:15:00 EDT
    NEW YORK, June 3, 2019 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, and Extra Space Storage Inc. (NYSE: EXR), a leading owner and operator of self-storage facilities in the U.S. and a member of the S&P 500, today jointly announced that they have entered ...
  • EastGroup Properties Announces Recent Business Activity

    Source: PR Newswire
    Mon, 03 Jun 2019 15:23:00 EDT
    JACKSON, Miss., June 3, 2019 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) announced today its recent business activity. In late April, EastGroup Properties, Inc. (the "Company" or "EastGroup") acquired Logistics Center 6 & 7, which contains a total of 142,000 square feet of multi-tenant business distribution space in two buildings in Dallas. The buildings, which are located in a ...
  • Douglas Emmett Declares Quarterly Cash Dividend

    Source: PR Newswire
    Thu, 30 May 2019 19:52:00 EDT
    SANTA MONICA, Calif., May 30, 2019 /PRNewswire/ -- Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today that its Board of Directors has declared a quarterly cash dividend on each share of its common stock of $0.26, or $1.04 on an annualized basis, to be paid on July 12, 2019 to shareholders of record as of June 28, 2019. About Douglas Emmett, Inc.Douglas ...
  • Physicians Realty Trust Provides Update on LifeCare Facilities

    Source: Business Wire
    Thu, 30 May 2019 17:02:00 EDT
    MILWAUKEE--(BUSINESS WIRE)-- Physicians Realty Trust (NYSE:DOC), (the “Company,” the “Trust,” “we,” “our” and “us”), a self-managed healthcare real estate investment trust, is providing this update as to its financial exposure to LifeCare Holdings, LLC (“LifeCare”), which, along with several related entities, filed for Chapter 11 bankruptcy on May 6, 2019 in order to facilitate a sale process ...
  • Lamar Advertising Company Names Jay Johnson Chief Financial Officer

    Source: GlobeNewswire
    Thu, 30 May 2019 16:19:00 EDT
    BATON ROUGE, La., May 30, 2019 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR), a leading owner of outdoor advertising and logo sign displays, today announced that Jay Johnson has been appointed Chief Financial Officer effective October 1, 2019. Mr. Johnson, 42, has served as Executive Vice President and Chief Financial Officer of DiamondRock Hospitality Company (NYSE: DRH) since ...
  • Ladder Capital Corp Announces Second Quarter 2019 Dividend to Holders of Class A Common Stock

    Source: Business Wire
    Thu, 30 May 2019 16:15:00 EDT
    NEW YORK--(BUSINESS WIRE)-- Ladder Capital Corp (“Ladder” or the “Company”) (NYSE:LADR) today announced the declaration by its Board of Directors of a second quarter 2019 dividend of $0.34 per share of Class A common stock. The cash dividend is payable on July 1, 2019 to stockholders of record as of the close of business on June 10, 2019. About Ladder Ladder Capital Corp (NYSE:LADR) is an ...
  • Spirit Realty Capital, Inc. Announces Quarterly Cash Dividend for Common and Preferred Stock

    Source: Business Wire
    Thu, 30 May 2019 16:15:00 EDT
    DALLAS--(BUSINESS WIRE)-- Spirit Realty Capital, Inc. (NYSE:SRC) (“Spirit” or the “Company”), a net-lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today announced that its Board of Directors has declared a quarterly cash dividend of $0.625 per common share, representing an annualized rate of $2.50 per common share. Stockholders of ...
  • Hersha Hospitality Trust Announces Quarterly Dividends

    Source: GlobeNewswire
    Thu, 30 May 2019 16:15:00 EDT
    PHILADELPHIA, May 30, 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 coastal destinations, today announced that its Board of Trustees declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E ...
  • Taubman Centers Declares Common and Preferred Dividends

    Source: Business Wire
    Thu, 30 May 2019 15:45:00 EDT
    BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)-- Taubman Centers, Inc. (NYSE: TCO) today declared a regular quarterly dividend of $0.675 per share of common stock. The common dividend is payable June 28, 2019, to shareholders of record on June 14, 2019. The Board of Directors also declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and $0.390625 ...
  • Pebblebrook Hotel Trust Completes Sale of Onyx Hotel

    Source: Business Wire
    Thu, 30 May 2019 07:30:00 EDT
    BETHESDA, Md.--(BUSINESS WIRE)-- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) announced that it closed on the sale of the 112-room Onyx Hotel in Boston, Massachusetts for $58.3 million on May 29, 2019. The sale price of $58.3 million reflects a 15.3x EBITDA multiple and a 5.9% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel ...
  • Highwoods to Develop Midtown One in Tampa

    Source: GlobeNewswire
    Thu, 30 May 2019 07:00:00 EDT
    $72 Million Anticipated Total Investment, 150,000 Square FeetHighwoods Owns 80% Interest in Midtown One Joint Venture600,000 Square Feet of Additional Planned Midtown Office Development Renews Vanderbilt University Medical Center in Nashville Largest 2020 Expiration Renewed Additional 20,000 Square Foot Expansion at Adjacent Building RALEIGH, N.C., May 30, 2019 (GLOBE NEWSWIRE) -- Highwoods ...
  • Senior Housing Properties Trust Signs St. David’s Healthcare Partnership to 42,600 Square Feet at 1111 W. 34th Street in Austin, TX

    Source: Business Wire
    Wed, 29 May 2019 08:00:00 EDT
    NEWTON, Mass.--(BUSINESS WIRE)-- Senior Housing Properties Trust (Nasdaq: SNH) today announced that St. David’s Healthcare Partnership, one of the largest health systems in Texas, has signed a 10-year renewal lease for approximately 42,600 square feet at 1111 W. 34th Street in Austin, Texas. The property is a four-story, multi-tenant medical office building approximately three miles north of ...
  • Vornado Extends $375 Million Loan on 888 Seventh Avenue

    Source: GlobeNewswire
    Tue, 28 May 2019 17:46:00 EDT
    NEW YORK, May 28, 2019 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) announced today that it has completed an extension of the $375 million loan on 888 Seventh Avenue, an 886,000 square foot Manhattan office building. The new amortizing loan matures in December 2025 and is at LIBOR plus 1.70% (fixed at 3.25% through December 2020). Vornado Realty Trust is a fully-integrated equity real ...
  • Vornado Receives $500 Million From Redemption of Preferred Equity in 640 Fifth Avenue

    Source: GlobeNewswire
    Tue, 28 May 2019 17:35:00 EDT
    NEW YORK, May 28, 2019 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) announced today that, as contemplated in connection with the recently completed retail transaction, it received $500 million from the redemption of its preferred equity in 640 Fifth Avenue. The preferred equity was redeemed from the proceeds of a $500 million mortgage financing that was completed on the property. The ...
  • Sun Communities, Inc. Commences Public Offering of 3,250,000 Shares of Common Stock

    Source: GlobeNewswire
    Tue, 28 May 2019 16:06:00 EDT
    Southfield, MI, May 28, 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 commenced an underwritten public offering of 3,250,000 shares of its common stock. The Company expects to grant the ...
  • Gladstone Commercial Corporation Executes Lease Expansion at its Salt Lake City Property

    Source: GlobeNewswire
    Tue, 28 May 2019 16:05:00 EDT
    MCLEAN, Va., May 28, 2019 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (NASDAQ: GOOD) (“Gladstone Commercial”) announced today that it has expanded its tenant, Morgan Stanley, in its 104,903 square foot facility in South Jordan, Utah by 17,126 square feet, effective July 1, 2019. After the expansion, Morgan Stanley will occupy a total of 98,397 square feet at the property through ...
  • Easterly Government Properties Announces Disposition of 59,322 SF U.S. Customs & Border Protection Facility in Chula Vista, California

    Source: Business Wire
    Tue, 28 May 2019 09:15:00 EDT
    WASHINGTON--(BUSINESS WIRE)-- Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has sold its 59,322-square foot U.S. Customs and Border Protection (CBP) facility located in Chula Vista, California ...
  • Easterly Government Properties Acquires 137,679 SF FBI Field Office in New Orleans, Louisiana

    Source: Business Wire
    Tue, 28 May 2019 09:00:00 EDT
    WASHINGTON--(BUSINESS WIRE)-- Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to U.S. Government agencies, announced today that it has acquired a 137,679-square foot Federal Bureau of Investigation (FBI) Field Office in New Orleans, Louisiana ...
  • Medical Properties Trust Acquires 46% Interest in $900 Million Portfolio of Premier Swiss Hospitals

    Source: Business Wire
    Tue, 28 May 2019 08:30:00 EDT
    MPT’s First Investment in Switzerland Provides Attractive Yield and Pathway to Additional Growth in Swiss Market BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has acquired for $236.5 million a 46% stake in Swiss healthcare real estate company Infracore SA (“Infracore”) from previous majority shareholder, Aevis ...
  • Tremont Mortgage Trust Provides $28.0 Million Refinancing for Owner of 1711 Caroline Apartments in Houston

    Source: Business Wire
    Mon, 13 May 2019 16:15:00 EDT
    NEWTON, Mass.--(BUSINESS WIRE)-- Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $28.0 million first mortgage bridge loan it provided to refinance 1711 Caroline Apartments, a 220-unit multifamily property located in Houston, Texas. This floating rate loan has a one and a half year initial term with two one-year extension options, subject to the borrower meeting certain ...
  • CIM Commercial Trust Corporation Reports 2019 First Quarter Results

    Source: Business Wire
    Mon, 13 May 2019 16:05:00 EDT
    DALLAS--(BUSINESS WIRE)-- CIM Commercial Trust Corporation (NASDAQ: CMCT and TASE: CMCT-L) ("we", "our", “CMCT”, “CIM Commercial”, or the "Company"), a real estate investment trust ("REIT") that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States, today reported operating results for the three ...
  • JLL Income Property Trust Declares 30th Consecutive Quarterly Dividend

    Source: PR Newswire
    Mon, 13 May 2019 13:55:00 EDT
    CHICAGO, May 13, 2019 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), announced that on May 7, 2019 its Board of Directors approved a gross dividend for the second quarter of 2019 of $0.135 per share. JLL Income Property Trust has declared thirty consecutive quarterly dividends to its stockholders beginning with the ...

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