Subject: REITS -general (REITS)

The major hotel-owning REITs - 10 companies with 178,709 rooms - reported occupancy of 67.67% in the fourth quarter, essentially flat when compared with a year ago. RevPAR, meanwhile, averaged $184.11 in the latest quarter, up from $180.65 a year ...

JPMorgan Chase Bank has provided Arbor Realty Trust $1.15 billion through a repurchase facility that the mortgage REIT has used to finance $1.43 billion of loans, most of which had been funded through a pair of collateralized loan obligations. In ...

Commercial Real Estate Direct Staff Report Camden Property Trust has paid $67.7 million, or $192,330/unit, for the 352-unit Emerson at Leander apartment complex in the Austin, Texas, suburb of Leander, Texas. The Houston REIT purchased the recently completed property from ...

The major apartment-owning REITs reported a 2.4% average increase in the rents they generate from their properties, to an average of $2,369/unit. That, however, compares with the 3.91% average rental growth they posted in 2023.

Franklin BSP Realty Trust Inc. has struck a deal to buy NewPoint Holdings JV LLC for $425 million, including $318.75 million in cash, giving it one of the country's major agency lending operations. The acquisition makes the mortgage REIT more ...

Highwoods Properties Inc. has agreed to buy the 346,000-square-foot Advance Auto Parts Tower at 4200 Six Forks Road in the North Hills area of Raleigh, N.C. The local REIT is buying the five-year old building from its developer, Kane Realty ...

Commercial Real Estate Direct Staff Report Kilroy Realty Corp., which last year had signed 1.78 million square feet of office leases - its highest annual volume since 2019 - still expects its portfolio's occupancy level to decline this year to ...

Commercial Real Estate Direct Staff Report Kilroy Realty Corp. is reconsidering its plans to develop a 2.3 million-square-foot office property at 610-698 Brannan St. in the Central SoMa neighborhood of San Francisco. The Los Angeles REIT purchased the development site ...

Park Hotels & Resorts Inc. is planning to sell up to $400 million of properties this year as it moves to further pay down debt and improve the profile of its portfolio. Since 2017, the company has sold off - ...

Commercial Real Estate Direct Staff Report Piedmont Office Realty Trust last year signed 230 leases for 2.43 million square feet at its office portfolio, marking its biggest year - in terms of leasing volume - since 2015. It also compares ...