Commercial Real Estate Direct Staff Report Resource Real Estate has proposed merging three non-traded apartment REITs it manages, creating a portfolio of 51 properties with 14,995 units in 15 states valued at $3 billion The resulting company’s...
Apartment Investment & Management Co is planning to spin-off most of its apartment portfolio into a new vehicle, Apartment Income REIT, that will focus exclusively on owning and acquiring stabilized properties The new entity will start life with 98...
Commercial Real Estate Staff Report The Crossroads Marketplace shopping center in Chino Hills, Calif, has been valued at $44 million this month That compares to $556 million heading into September and $79 million in 2007, when the property’s...
Commercial Real Estate Direct Staff Report The Mall at Stonecrest in suburban Atlanta has been appraised at a value of $67 million, more than 25 percent less than the $898 million of debt the 12 million-square-foot shopping mall supports The loan is...
The two seasoned executives have joined forces with an Invictus Capital Partners unit to launch a small-balance alternative lender, Verus Commercial Real Estate Finance, that pursues relatively small to middle-market loans It's looking to carve out...
Securitized loans against hotel and retail properties continued to pour into special servicing last month, increasing the volume of those loans by $46 billion, to $5425 billion, or 1004 percent of the CMBS universe tracked by Trepp LLC It's the...
Commercial Real Estate Direct Staff Report Nitya Capital’s purchase of the 466,159-square-foot One Westchase Center office building in downtown Houston involved the assumption of the property’s indebtedness, including a $47 million CMBS...
CIM Group is merging four non-traded REITs it manages in a move that will result in a company with nearly $55 billion of assets - net-leased properties and commercial real estate debt The scale of the resulting company would put it in a better...
Commercial Observer The 478-room Hilton Times Square hotel in Manhattan is closing its doors permanently next month Sunstone Hotel Investors owns the property, which serves as collateral for a $765 million loan that’s securitized through...
Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc has negotiated an agreement that allows it to tap into a reserve account to cover its debt-service obligations and operating expenses at the 157-room La Posada de Santa Fe...
