Blackstone Real Estate Income Trust Inc has paid $32 billion for WPT Industrial Real Estate Investment Trust, a Canadian REIT that owns a portfolio of 112 industrial properties with 38 million square feet scattered among 19 states The non-traded...
Commercial Real Estate Direct Staff Report Camden Property Trust reported a 16 percent increase in monthly rents for new leases and renewals at its apartment properties during the third quarter, doubling the second quarter’s 8 percent...
Commercial Real Estate Direct Staff Report Starwood Property Trust is considering offering its loan workout expertise – it operates one of the CMBS sectors’ most active special servicers – to third-party lenders It’s...
A venture of KKR & Co and Global Infrastructure Partners, or GIP, has agreed to buy CyrusOne Inc in a deal valued at $1499 billion, including the assumption of $35 billion of debt CyrusOne is a Dallas owner of data centers that formerly was a...
The Newton, Mass, REIT has struck a deal to buy Monmouth Real Estate, topping efforts by Starwood Real Estate Income Trust and Equity Commonwealth Blackwells Capital, which owns 43 percent of Monmouth's shares and previously had made an offer to buy...
Commercial Real Estate Direct Staff Report Rental rates at the 2,751 units that UDR Inc owns in San Francisco increased by 28 percent in the third quarter, but remain 186 percent below levels reached before the coronavirus pandemic early last year...
Net effective rents at the 20,800 apartment units that Essex Property Trust owns in Southern California increased by 23 percent in the third quarter They're now 172 percent higher than they were before the coronavirus pandemic Rents in Northern...
Commercial Real Estate Direct Staff Report Empire State Realty Trust Inc, which owns 101 million square feet of office and retail space in New York City and its suburbs, is entering the multifamily sector The New York REIT has agreed to buy a 90...
Blackstone Mortgage Trust Inc originated 38 loans totaling $47 billion during the third quarter - a quarterly record for the company - taking originations for the last 12 months to $88 billion The mortgage REIT now has a portfolio of 157 loans...
Pacific Investment Management Co, a Newport Beach, Calif, investment firm that's commonly referred to as Pimco, has agreed to acquire Columbia Property Trust Inc in an all-cash deal valued at $22 billion The deal, which includes the assumption of...
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.
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