Kushner Cos, which late last year had offered to buy Veris Residential Inc for $16/share, is no longer interested in purchasing the Jersey City, NJ, REIT That’s according to Veris, which yesterday said it had held talks with Kushner after it...
Commercial Observer A venture of PH Realty Capital and Rockledge has paid $336 million for a portfolio of six apartment buildings in the South Bronx, NY The buildings, at 111-119 Tudor Place, 1170-1176 Walton Ave and 309 164th St, were purchased...
Centerbridge Partners and GIC Real Estate have offered to buy the remainder of INDUS Realty Trust Inc for $65/share INDUS is a New York REIT that until the end of 2020 was known as Griffin Industrial REIT Inc It owns 42 industrial properties with 61...
Charles Kushner, chairman of Kushner Cos, said Veris Residential, which yesterday had rejected its $16/share offer for the company, had “mischaracterized” the experience between the two companies In a letter to Veris’ board,...
Veris Residential Inc has rejected Kushner Cos’ $16/share offer, arguing that it “grossly undervalues” the company and, therefore, was not in the best interest of its shareholders The Jersey City, NJ, REIT, which owns 22...
Commercial Real Estate Direct Staff Report Veris Residential Inc, the former Mack-Cali Realty Corp, said it was evaluating a $16/share offer it had received from Kushner Cos that would value the Jersey City, NJ, REIT at $38 billion, including its...
Simon Property Group has agreed to acquire a 50 percent stake in investment manager Jamestown, which has more than $13 billion of assets under management The Indianapolis REIT, best known for its portfolio of 198 retail properties, mostly shopping...
Commercial Real Estate Direct Staff Report GIC, Singapore’s sovereign wealth fund, and Oak Street Real Estate Capital have agreed to acquire STORE Capital Corp in a deal valued at $1409 billion Under terms of their agreement, the GIC/Oak...
Blackstone Group expects to complete its proposed $36 billion purchase of Bluerock Residential Growth REIT Inc in early October, when it’s slated to spin off the latter’s single-family rental business Blackstone, through its Blackstone...
Commercial Real Estate Direct Staff Report Safehold Inc and iStar Inc, as expected, have agreed to merge in a deal that brings in MSD Partners as a substantial investor and moves Safehold closer to achieving an A credit rating Safehold, which...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
Subscribe to our Weekly Newsletter!
