Washington Prime Group, which earlier this week filed for Chapter 11 bankruptcy protection, last month had added seven shopping malls to its list of non-core properties, bringing the number of malls in that category to nine Among the latest...
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...
The New York investment manager has agreed to acquire QTS Realty Trust Inc in a deal that values the Overland Park, Kan, data-center REIT at $10 billion, including the assumption of about $23 billion of debt The deal, which is slated to close in the...
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...
Ares Management Corp has agreed to buy Black Creek Group, a Denver investment manager focused on the industrial sector The acquisition will bolster the size of the Los Angeles company's real estate operation by more than 40 percent to $29 billion...
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...
