AvalonBay Communities Inc. is tapping the unsecured notes market to raise $350 million, proceeds of which it will use to pay off three Fannie Mae loans with coupons of 5.42 percent. The Arlington, Va., REIT said those three loans don't ...
Commercial Real Estate Direct Staff Report Publicly traded real estate companies sold $1.35 billion of unsecured notes this week, bringing issuance for the full year to a whopping $21 billion. The volume so far this year is the greatest since ...
Health Care REIT Inc., which is buying Sunrise Senior Living Inc. for $3.2 billion, has sold $1.2 billion of unsecured notes, proceeds of which it would use to retire the debt it's assuming from the McLean, Va., seniors-property owner. Health ...
Post Properties Inc. has priced $250 million of unsecured notes, proceeds of which it will use to retire higher coupon bonds. The Atlanta REIT priced the notes, which mature on Dec. 1, 2022, and have a coupon of 3.375 percent, ...
Weingarten Realty Investors has priced $300 million of unsecured notes, proceeds of which it will use to retire debt, including paying down borrowings under a credit facility. The Houston REIT, which owns 327 properties, mostly retail, priced the notes, which ...
Duke Realty Corp. has sold $300 million of senior unsecured notes, proceeds of which it will use to pay down debt. The offering is the second in three months for the Indianapolis REIT, which owns 140.5 million square feet of ...
Washington REIT has priced $300 million of senior unsecured notes and will use proceeds to repay borrowings under lines of credit and for general corporate purposes. The notes pay a coupon of 3.95 percent and mature on Oct. 15, 2022. ...
MAA has issued $175 million of senior unsecured notes in four tranches, proceeds of which will be used to fund acquisitions and pay down debt. The Memphis, Tenn., REIT, which was known as Mid-America Apartment Communities Inc. until last year, ...
Hospitality Properties Trust has priced a $500 million issue of senior unsecured notes, proceeds of which it will use to pay off a notes issue that comes due next February and to fund potential acquisitions. The Newton, Mass., REIT priced ...
Winthrop Realty Trust has issued $75 million of senior notes, its first-ever such offering. The Boston mortgage REIT said it would use proceeds of the offering to fund potential acquisitions and for working capital. Most recently, the company purchased a ...
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