Subject: REIT Credit Line (LINE)

Commercial Real Estate Direct Staff Report KBS REIT III Inc. is trying to negotiate the modification of a $606.3 million loan against a portfolio of six office properties with 2.75 million square feet that it had acquired between 2012 and ...

JLL Capital Markets has arranged a $75 million credit facility for a venture of Sendero Capital and Angelo, Gordon & Co. that was formed to invest in medical properties. The facility - the lender couldn't be identified immediately - will ...

RPT Realty, a New York shopping center REIT, has formed a venture that over the next three years aims to acquire $1.3 billion of single-tenant retail properties that are net-leased to their tenants. The venture plans to invest $470 million ...

The coronavirus pandemic has resulted in an abrupt halt to the churn, or turnover, in the loan portfolios held by mortgage REITs and other alternative lenders. While interest rates are at historically low levels, which typically would result in borrowers ...

Xenia Hotels & Resorts Inc. has issued $300 million of five-year senior secured notes with a coupon of 6.375 percent. The Orlando, Fla., REIT used some of the proceeds from the private offering, which priced at par, to repay about ...

CBL & Associates Properties Inc. on Wednesday became current on the missed debt-service payments against $1.1 billion of unsecured debt it carries. It used cash on hand to make the $30.4 million of payments it had missed.

Houston Business Journal Construction is underway on a 116,500-square-foot medical-office building in Houston. Healthpeak Properties Inc. is developing the five-story property at 7500 Fannin St. It already is 36 percent preleased and will include a parking garage that's being built ...

Commercial Real Estate Direct Staff Report Ladder Capital Corp. has increased its cash position to $830 million from $358 million at the end of March. It's also increased the volume of assets on its balance sheet that are unencumbered by ...

Colony Credit Real Estate Inc. has paid down and consolidated the repurchase agreements that it uses to finance its CMBS investments. The mortgage REIT said that it had met all margin calls on the repo agreements it used to finance ...

Park Hotels & Resorts Inc. has drawn the remaining $650 million of a $1 billion credit facility, increasing its cash on hand to $1.32 billion as it positions itself to deal with the repercussions of the coronavirus pandemic. The Tysons, ...