Commercial Real Estate Direct Staff Report Global Net Lease Inc and Necessity Retail REIT Inc, a pair of companies that pursue investments in net-leased retail properties, have struck a deal to merge, creating what would be the third largest REIT in...
Commercial Real Estate Direct Staff Report Office Properties Income Trust has struck a deal to buy Diversified Healthcare Trust in a stock transaction valued at $40746 million Under the agreement, every Diversified Healthcare common share will be...
Extra Space Storage Inc has struck a deal to acquire Life Storage Inc in an all-stock transaction, valuing the Williamsville, NY, REIT’s shares at $14582 each That gives the transaction an equity value of $1272 billion The offer by Extra...
Bridge Investment Group Holdings Inc has grabbed a toehold in the secondaries market, where limited partner interests in funds and properties are traded, by acquiring Newbury Partners LLC for $3201 million The acquisition also further expands the...
GreenPoint Partners has made an investment in Semi-Stow, an Austin, Texas, operator of parking facilities for trucks, trailers and other commercial vehicles It aims to use the company, which operates 30 facilities throughout the country, as a...
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...
Public Storage has made an offer to buy Life Storage Inc, in a stock swap that would bolster its size by more than 40 percent to nearly 4,000 self-storage properties across the country The Glendale, Calif, REIT has offered to swap 04192 of its...
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...
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