The Columbus, Ohio, REIT late yesterday filed for Chapter 11 bankruptcy in the Southern District of Texas The company said the filing will allow it to restructure its corporate-level debt, giving Washington Prime the opportunity to de-leverage its...
Commercial Real Estate Direct Staff Report Opportunistic investor Michael Ashner is taking a swing at CIM Commercial Trust Corp, a small REIT with a portfolio of 12 properties, including nine office properties and one hotel His Winthrop Capital...
KKR & Co is broadening its reach into the individual investor community The giant investment manager, which has $252 billion of assets under management, including roughly $28 billion of real estate globally, has launched KKR Real Estate Select Trust...
Phillips Edison & Co, a non-traded REIT that specializes in grocery-anchored shopping centers, has filed to list its common shares The Cincinnati company, which owns 300 shopping centers with about 317 million square feet in 31 states, has been...
Preferred Apartment Communities Inc is exiting the office sector and shifting its focus to multifamily properties and grocery-anchored shopping centers in the Sunbelt region The Atlanta REIT already is under contract to sell a 195...
Commercial Real Estate Direct Staff Report Essex Property Trust, which owns 244 apartment properties with roughly 60,000 units in California and the Seattle area, has seen rents fall once again as its portfolio is still feeling the effects of the...
Commercial Real Estate Direct Staff Report The 102-year-old Hotel Pennsylvania in Manhattan has closed its doors permanently Vornado Realty Trust owns the 1,700-room hotel, which the New York REIT plans to demolish and redevelop in the next two...
Commercial Real Estate Direct Staff Report Properties owned by Pebblebrook Hotel Trust Inc recorded a revenue per available room, or RevPAR, of $7083 during the first quarter That’s up 149 percent from the $6164 of RevPAR posted in the fourth...
Commercial Real Estate Direct Staff Report Equity Residential says it has been able to reduce the concessions it offers prospective tenants to rent units at its 304 properties, which have nearly 78,000 units and are in urban and high-density...
Equity Commonwealth, which had a whopping $3 billion of cash on its balance sheet at the end of last year as a result of a year's long portfolio disposition effort, has agreed to buy Monmouth Real Estate Investment Corp in an all-stock deal valued...
