Commercial Real Estate Direct Staff Report Summit Hotel Properties Inc’s revenue per available room was $4279 in the fourth quarter, a 637 percent decline from a year ago That drop is in line with the 635 percent drop in RevPAR, to $4683, the...
Commercial Real Estate Direct Staff Report Add TPG Real Estate Finance Trust to the list of alternative lenders that have restarted their lending activities The mortgage REIT, sponsored by TPG Global, had moved to the sidelines soon after the...
Commercial Real Estate Direct Staff Report Camden Property Trust is planning to take advantage of the healthy demand for apartment properties to further reduce the age of its portfolio The Houston REIT plans to sell certain older assets in such...
Commercial Real Estate Direct Staff Report Electra America and AKA are in the market to raise $500 million of equity commitments for a hotel investment fund The vehicle, Electra America Opportunity Fund, will pursue full-service properties in...
Commercial Real Estate Direct Staff Report Wheelock Street Capital has raised $500 million for its first open-ended investment fund, Wheelock Street Real Estate Long Term Value Fund The fund is a complementary vehicle to the Greenwich, Conn,...
Commercial Real Estate Direct Staff Report Chatham Lodging Trust’s revenue per available room in the fourth quarter was $4730, a 179 percent decrease from $5760 in the third quarter and a 604 percent drop from $11940 a year earlier Dennis...
Commercial Real Estate Direct Staff Report Equity Residential, which owns 304 properties with nearly 78,000 units in urban and high-density suburban markets across the country, is planning to sell some major-market assets and redeploy proceeds into...
Commercial Real Estate Direct Staff Report Hersha Hospitality Trust has agreed to sell four hotels with 448 rooms for a combined $132 million as it looks to raise cash and reduce its $12 billion of debt The Philadelphia REIT is selling the 140-room...
The following story has been edited to correct the size of KKR Real Estate Finance Trust Inc’s forward pipeline, which previously was understated, and clarify its financing strategy Commercial Real Estate Direct Staff Report KKR Real Estate...
CBRE Group Inc has acquired a 35 percent stake in Industrious in a deal that values the flexible workspace provider at more than $571 million The Dallas company paid more than $200 million for the stake, making it Industrious’ largest...
