Commercial Real Estate Direct Staff Report Necessity Retail REIT Inc, which is in the process of merging with Global Net Lease Inc, has raised $260 million of mortgage debt against 29 of its properties in order to pay down credit facilities The loan...
Commercial Real Estate Direct Staff Report KSL Capital partners has agreed to acquire Hersha Hospitality Trust, a Harrisburg, Pa, REIT that owns 25 hotels with 3,811 rooms in six major markets in a cash deal valued at $141 billion, including assumed...
Commercial Real Estate Direct Staff Report Kimco Realty Corp has struck a deal to buy RPT Realty in a stock transaction valued at $194 billion, including assumed debt Kimco, a Jericho, NY, REIT with a portfolio of 528 shopping centers with 908...
Commercial Real Estate Direct Staff Report Banc of California, which has agreed to acquire PacWest Bancorp in a stock swap, expects to sell $7 billion of assets, including loans against single-family rentals and apartment properties Under the merger...
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...
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.
