Subject: Stock/Equity Offerings (IPO)
Barry Sternlicht Urges Suspension of Mark-to-Market Rules
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 ...
Simon Property Group Acquiring 80 Percent Stake in Taubman Realty Group
Commercial Real Estate Direct Staff Report Simon Property Group has agreed to acquire an 80 percent stake in Taubman Realty Group in a deal that values the company at about $4.6 billion. The Indianapolis REIT is paying $52.50/share for all ...
Highland Capital Affiliate Eyes Taking Mortgage Assets Public
An affiliate of Highland Capital Management, a Dallas investment manager that specializes in the debt markets, is aiming to take a portion of its mortgage portfolio public through a REIT, NexPoint Real Estate Finance Inc. The company would fund a ...
Consolidated-Tomoka Spinning Off Net-Leased Portfolio Through REIT
The former Consolidated-Tomoka Land Co. is spinning off 20 net-leased retail and office properties with 817,000 square feet through a newly formed REIT, Alpine Income Property Trust Inc., that is aiming to raise public capital through a stock offering, and ...
Clarion Takes Second Stab at Non-Traded REIT World, Aims for $1Bln Vehicle
Clarion Partners has launched a non-traded REIT, Clarion Partners Real Estate Income Fund Inc., to invest in stabilized commercial real estate and securities. It would be the investment manager's second attempt at forming such a vehicle. An earlier attempt in ...
Hertz Group Seeks IPO, Aims for Tel Aviv Stock Market
Hertz Group Realty Trust Inc., which owns 71 office buildings with 19.5 million square feet in 24 cities across the country, is taking its operation public. But it's not listing its common shares on any exchange in the United States. ...
Silverstein Raising Money Through Israeli Bond Offering
The Real Deal Silverstein Properties is looking to raise $65 million through a bond offering on the Tel Aviv Stock Exchange. The bonds are backed by properties that Silverstein owns in New York City. The New York developer received $183 ...
CrowdStreet Raises $160Mln of Capital for Sponsors Through April
Commercial real estate crowd-funding platform CrowdStreet raised $160 million of capital for property sponsors this year through April, putting it on track to raise almost $500 million this year. That would be nearly double the $260 million of capital the ...
Nashville, Tenn., Investment Firm Taking Portfolio Public Through REIT
Priam Properties Inc. is taking its portfolio of 15 office properties in the Midwest and Southeastern United States public through a REIT that will retain the same name. The company plans on using proceeds from the offering to expand its ...
Park Hotels to Buy Chesapeake Lodging in $2.7Bln Deal
The deal will bolster Park's exposure to large coastal cities such as Boston, Miami, Los Angeles, San Diego and San Francisco. It expects to sell five hotels by the time the Chesapeake acquisition closes in the fourth quarter, leaving the ...
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