Apartment Investment & Management Co is planning to spin-off most of its apartment portfolio into a new vehicle, Apartment Income REIT, that will focus exclusively on owning and acquiring stabilized properties The new entity will start life with 98...
CIM Group is merging four non-traded REITs it manages in a move that will result in a company with nearly $55 billion of assets - net-leased properties and commercial real estate debt The scale of the resulting company would put it in a better...
Benchmark Real Estate Group, a New York investment manager, is looking to raise up to $200 million for what's commonly referred to as a blank-check company, or special-purpose acquisition company, which is designed to buy an existing operating...
Commercial Real Estate Direct Staff Report Presidio Property Trust Inc, a San Diego non-traded REIT that owns 15 office, industrial and retail properties with about 11 million square feet, is taking the first step to list its shares on a public...
The Real Deal Leser Group is seeking to raise $74 million through a bond issuance on the Tel Aviv Stock Exchange The bonds will be secured by three of the New York developer's properties: the 66-unit apartment project at 1555-1575 61st St in...
Four Corners Property Trust Inc, whose portfolio is concentrated with restaurant properties that are net leased to their tenants, had received 87 percent of the rent owed this month through last Friday The bulk of its space is leased to Darden...
Commercial Real Estate Direct Staff Report Hampshire Cos and United Overseas Bank Global Capital, which sponsor a pair of funds that invested in retail properties in the United States, have taken the investment vehicles' 17 properties public through...
Commercial Real Estate Direct Staff Report Barry Sternlicht, co-founder and chairman of Starwood Capital Group, said mark-to-market rules, which have a cascading affect on asset values, ought to be suspended In an interview on CNBC's Squawk Box...
Commercial Real Estate Direct Staff Report Simon Property Group has agreed to acquire an 80 percent stake in Taubman Realty Group in a deal that values the company at about $46 billion The Indianapolis REIT is paying $5250/share for all of the...
An affiliate of Highland Capital Management, a Dallas investment manager that specializes in the debt markets, is aiming to take a portion of its mortgage portfolio public through a REIT, NexPoint Real Estate Finance Inc The company would fund a...
