Seven shopping malls owned by Simon Property Group have seen their appraised values sharply reduced in recent months, most to levels less than what is owed against them The properties are encumbered by a total of $6682 million of CMBS debt Simon has...
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...
Ladder Capital Corp, which like other mortgage REITs was hammered by the coronavirus pandemic, prompting it to sharply reduce its lending activity, has started lending once again The company has nearly $300 million of fixed- and floating-rate loans...
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...
Orlando Business Journal A foreclosure suit has been filed against the owner of the Florida Hotel & Conference Center in Orlando, Fla Tantallon Orlando LLC owns the 511-room property, at 1500 Sand Lake Road, which serves as collateral for $40...
Dallas Morning News Harwood Center, a 723,963-square-foot office property in Dallas, is scheduled to be sold at a March 2 foreclosure auction Fortis Property Group of New York previously had owned the 36-story building, at 1999 Bryan St, which...
