Subject: Mergers & Acquisitions (M&A)

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 ...

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 $407.46 million. Under the agreement, every Diversified Healthcare common share will be swapped for 0.147 ...

Extra Space Storage Inc. has struck a deal to acquire Life Storage Inc. in an all-stock transaction, valuing the Williamsville, N.Y., REIT's shares at $145.82 each. That gives the transaction an equity value of $12.72 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 $320.1 million. The acquisition also further expands the Salt Lake City ...

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 springboard through which ...

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, N.Y., REIT. Public Storage earlier this month had offered to ...

Public Storage has made an offer to buy Life Storage Inc., in a stock swap that would bolster its size by more than 40 percent to nearly 4,000 self-storage properties across the country. The Glendale, Calif., REIT has offered to ...

Kushner Cos., which late last year had offered to buy Veris Residential Inc. for $16/share, is no longer interested in purchasing the Jersey City, N.J., REIT. That's according to Veris, which yesterday said it had held talks with Kushner after it ...

Commercial Observer A venture of PH Realty Capital and Rockledge has paid $33.6 million for a portfolio of six apartment buildings in the South Bronx, N.Y. The buildings, at 111-119 Tudor Place, 1170-1176 Walton Ave. and 309 164th St., were ...

Centerbridge Partners and GIC Real Estate have offered to buy the remainder of INDUS Realty Trust Inc. for $65/share. INDUS is a New York REIT that until the end of 2020 was known as Griffin Industrial REIT Inc. It owns ...