The major apartment-owning REITs - 12 companies with 544,142 units - reported an average 063 percent decline in occupancy in the fourth quarter when compared with a year ago Meanwhile, average rents for the 12 companies increased by 004 percent from...
Life Storage Inc has rejected Public Storage’s proposal to acquire it in a stock swap with an equity value of just more than $11 billion, saying it “significantly undervalues” the Williamsville, NY, REIT Public Storage earlier...
Vornado Realty Trust has written down the value of its interest in the 601,000-square-foot office building at 650 Madison Ave in midtown Manhattan, to zero The company owns a 201 percent stake in the property, which has 564,000 square feet of office...
Commercial Real Estate Direct Staff Report Vornado Realty Trust leased 154,000 square feet of office space in Manhattan during the fourth quarter, down sharply from the 954,000 sf it had leased during the same period a year ago For all of 2022,...
Commercial Real Estate Direct Staff Report Essex Property Trust had adopted an “occupancy-focused strategy” during the fourth quarter, helping it maintain its portfolio’s 96 percent occupancy in that period That was unchanged from...
Blackstone Mortgage Trust Inc originated a mere $236 million of loans during the fourth quarter, bringing its lending volume for the second half of the year to $674 million That's nearly one-tenth of the $64 billion of originations it completed...
Commercial Real Estate Direct Staff Report UDR Inc, which owns 181 apartment properties with 58,390 units throughout the country, is aiming to raise rents during the first half of 2023 Average monthly rents at the Highlands Ranch, Colo, REIT’s...
Commercial Real Estate Direct Staff Report The higher cost of debt is costing Simon Property Group at least 30 cents/share in profits annually Last year, the Indianapolis REIT, which owns 214 shopping malls, premium outlets, lifestyle centers and...
Commercial Real Estate Direct Staff Report Camden Property Trust’s portfolio of 172 apartment properties with 58,702 units, primarily in the country’s Sunbelt region, saw its occupancy rate decline to 958 percent in the fourth quarter...
The Boston REIT completed 114 million square feet of leasing during the fourth quarter, down from 145 million sf in the third quarter But despite volume at 95 percent of what the company has leased on average annually over the past 10 years, it...
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