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Commercial Real Estate Direct Staff Report Boston Properties Inc., which last week said it was positioning itself to take advantage of potentially attractive investment opportunities stemming from the coronavirus pandemic, sold $1.25 billion of unsecured notes on Friday. The company becomes ...
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 ...
TPG Real Estate Finance Trust Inc., among the mortgage REITs to get hit by margin calls as the value of securities pledged under repurchase agreements fell, said it has sold bonds with a face value of $572 million to help ...
Alexandria Real Estate Equities Inc. has sold $700 million of 10-year unsecured notes, proving that the market for such notes remains open. The Pasadena, Calif., REIT, which owns properties leased to life-science and technology companies, initially had planned to sell ...
Commercial Real Estate Direct Staff Report Barry Sternlicht, co-founder and chairman of Starwood Capital Group, said mark-to-market rules, which have a cascading affect on asset values, ought to be suspended. In an interview on CNBC's Squawk Box program yesterday, he ...
Equity Residential yesterday priced $600 million of unsecured notes with a coupon of 3 percent. It was one of eight REITs to float a total of $6 billion of unsecured paper over the past 10 days as issuers took advantage ...
Crain's New York Business The We Co. is in talks to secure a $2.75 billion credit facility ahead of its initial public offering. The New York company, better known as WeWork, submitted an amended registration with the SEC regarding an ...
Washington REIT has lined up a $450 million unsecured loan facility from a group of lenders led by Wells Fargo Bank, allowing it to fund its $461 million purchase of a portfolio of seven apartment properties with 2,113 units in ...
Commercial Real Estate Direct Staff Report Camden Property Trust is gradually paying off all its secured indebtedness, in favor of unsecured financing. The Houston REIT, which owns 167 apartment properties with 56,858 units, early this month paid off $380 million ...
VEREIT Inc. last week priced $1 billion of unsecured notes in order to fund its redemption of $1.3 billion of notes that would be due next year. The notes offering would be the company's first in more than two years. ...
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