investment-trust

Cole Acquires City Center Plaza for $310 Million

July 13, 2010

In one of the largest real estate transactions of 2010, Cole Credit Property Trust III Inc., a non-traded real-estate investment trust managed by Cole Real Estate Investment of Phoenix, purchased the City Center Plaza from Beacon Capital Partners for…

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Kimco/Israeli Group To Invest $422M in Retail Portfolio

June 15, 2010

Kimco Realty Corp., a real estate investment trust, formed a new partnership with Israel-based BIG Shopping Centers to purchase 15 neighborhood and community retail centers for nearly $422 million including $385 million in mortgage debt. A joint venture…

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Kimco/Israeli Group To Invest $422M in Retail Portfolio

June 15, 2010

Kimco Realty Corp., a real estate investment trust, formed a new partnership with Israel-based BIG Shopping Centers to purchase 15 neighborhood and community retail centers for nearly $422 million including $385 million in mortgage debt. A joint venture…

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REITs Soar into Storm Clouds

March 20, 2010

In mid-2009 we asked whether real estate investment trust ETFs had priced in a predicted tidal wave of commercial real estate foreclosures. We concluded prices had fallen so far they could well be at fair market

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Sovran loss tied to debt repayment

February 18, 2010

the fourth quarter of 2009 because of onetime charges tied to its early repayment of some long-term bank debt. The Buffalo-based real estate investment trust said the loss compared with $8.4 million in profits a year ago. On a per share basis, the

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REIT National Retail Q4 FFO Down – Update

February 5, 2010

(RTTNews) – Friday, real estate investment trust National Retail Properties, Inc. (NNN: News ) reported a decline in Recurring Funds From Operations or FFO on higher operating expenses with a significant real estate impairment charge

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Starwood Property Trust Announces Appointment of Andrew J. Sossen as General Counsel

January 19, 2010

/PRNewswire via COMTEX/ — Starwood Property Trust (NYSE: STWD), a real estate investment trust focused primarily on originating, investing in, and financing commercial mortgage loans and other commercial real estate-related debt investments, today

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Douglas Emmett Secures 400M Loan

January 10, 2010

Douglas Emmett a real estate investment trust has acquired a sevenyear nonrecourse 400 million term loan

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Douglas Emmett Secures 400M Loan

January 10, 2010

Douglas Emmett a real estate investment trust has acquired a sevenyear nonrecourse 400 million term loan

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New Retail REIT IPO Being Launched by Former New Plan Excel, Price Legacy Executive Team

December 31, 2009

Trust, Inc. filed a form S-11 with the SEC to propose an initial public offering to become a real estate investment trust traded on the New York Stock Exchange under the ‘EXL’ symbol. In the filing, Excel did not specify the number of shares or pricing

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New Retail REIT IPO Being Launched by Former New Plan Excel, Price Legacy Executive Team (CoStar Group)

December 31, 2009

On December 24, San Diego-based Excel Trust, Inc. filed a form S-11 with the SEC to propose an initial public offering to become a real estate investment trust traded on the New York Stock Exchange under the “EXL” symbol. In the filing, Excel did not…

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Marc Holliday (New York Times)

December 5, 2009

Mr. Holliday is the chief executive of the SL Green Corporation, a real estate investment trust, which is one of Manhattan’s largest landlords of commercial office buildings.

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REITs get ready to buy (The Globe and Mail)

October 25, 2009

It’s an interesting time to be a real estate investment trust – money has been easy to come by on the capital markets, and the value of the properties so coveted in the industry have been driven lower by a sharp recession.

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Sovran prices offering of 3.5M shares

September 30, 2009

BUFFALO, N.Y. – Sovran Self Storage Inc., a real estate investment trust, on Wednesday priced its public offering of 3.5 million shares of common stock at $29.75 each. After expenses, the offering is expected to raise $98

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Colonial Properties launches share offering

September 29, 2009

Colonial Properties Trust said Tuesday it has opened a public offering of 9 million common shares. The Birmingham-based real estate investment trust plans to use the proceeds to repay debt owed under its credit revolver and for general expenses. The

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Colonial Properties launches share offering

September 29, 2009

Colonial Properties Trust said Tuesday it has opened a public offering of 9 million common shares. The Birmingham-based real estate investment trust plans to use the proceeds to repay debt owed under its credit revolver and for general expenses. The

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Macerich pays off $446 million in term notes

September 21, 2009

developer Macerich Co. said Monday that it paid off $446 million in term notes due next year. The real estate investment trust said it used $275 million in proceeds from joint venture sales as well as operating cash obtained by lowering its dividend and

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REITs well positioned to benefit from distressed assets

August 23, 2009

Real Estate Investment SmartBrief | 08/21/2009 Investment in distressed commercial real estate assets will be the most important factor driving the profitability of real estate investment trust for the next three

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Segro chief Ian Coull has a formula for success: ‘Stick to what you do best’

August 22, 2009

… the right time.” Segro is now a real estate investment trust, but the introduction of such … about the Brixton deal, saying the financially distressed company has been bought at a price …

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Alesco Financial Inc. Buys Back Over 56% of Convertible Debt and Suspends Regular Quarterly Cash Div

August 9, 2009

… Alesco Financial Inc. , a specialty finance real estate investment trust, today announced that the Company … believe we remain positioned to capitalize on distressed pricing of certain assets in the marketplace, …

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Alesco Financial Inc. Buys Back Over 56% of Convertible Debt and Suspends Regular Quarterly Cash Div

August 9, 2009

… Alesco Financial Inc. , a specialty finance real estate investment trust, today announced that the Company … believe we remain positioned to capitalize on distressed pricing of certain assets in the marketplace, …

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Simon and Duke in bond sales

August 8, 2009

Simon Property Group, the biggest U.S. shopping-mall owner, led $1.25bn of real estate company bond sales this week, raising cash for possible acquisitions as credit markets eased. The real estate investment trust doubled the size of a previously planned

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PennyMac REIT Raises Funds to Buy Distressed Mortgages

August 1, 2009

Newly formed mortgage real estate investment trust (REIT) PennyMac Mortgage Investment Trust on Wednesday announced the pricing of its initial public offering (IPO) of 16m common shares at $20 apiece for a total $320m

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Maguire Properties Shareholders Elect Seven Directors at Today`s Annual Meeting

July 23, 2009

Named Chairman of the Board LOS ANGELES–(Business Wire)– Maguire Properties, Inc. (NYSE: MPG), a Southern California-focused real estate investment trust, today announced that, at its Annual Meeting held today, the Company’s shareholders voted to elect

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REIT To Pay $162M for Greenville Hospital System Assets

July 16, 2009

Grubb & Ellis Healthcare REIT, a California-based medical-office and healthcare real estate investment trust, agreed to purchase 16 buildings in Greenville, SC, from Greenville Hospital System for $161.63 million, or approximately $189 per square foot…

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