NEW YORK— Inland American Real Estate Trust Inc., which is in the process of spinning off its hotel business, said Thursday that is selling 52 of its hotels to a joint venture for about $1.1 billion. The buyers are real estate investment trusts NorthStar Realty Finance Corp. and Chatham Lodging Trust.» Read More
NEW YORK— Washington Prime Group Inc., which spun off from mall operator Simon Property Group earlier this year, said Tuesday that it is buying rival Glimcher Realty Trust. Washington Prime that it will pay $14.20 in cash and stock for each share of Glimcher, a 34 percent premium from its closing price of $10.59 Monday.
Sept 16- Washington Prime Group, a retail real estate investment trust, said it would buy Glimcher Realty Trust in a cash-and-stock deal valued at about $4.3 billion, including debt.
There are timber REITs, apartment REITs, hospital REITs, retail REITs and now a gym REIT. Really.
MEXICO CITY/ SAO PAULO, Sept 4- Macquarie Group Ltd's Mexican real investment trust could raise most of the $415 million in a stock offering planned for this month from foreign investors, a sign that appetite for property assets in the country is swelling, two sources with direct knowledge of the transaction said.
Scottsdale, Arizona- based Store Capital buys real estate from large tenants, such as chain restaurants, supermarkets and health clubs, and leases the properties back to the tenants. Reuters reported in July that Store Capital had hired banks to explore a potential offering that could raise $300 million to $500 million and value the company at about $2 billion.
So far this year apartment REITs are up 29 percent, more than triple the S&P 500. But is a bubble looming?
Property plays are near and dear to Singapore's heart, but one manager doesn't think the city-state is particularly friendly to real-estate investors.
Despite weak data spurring doubts over whether Japan's economy is really recovering, property investors remain keen on the market.
Singapore's REITs have steadily advanced this year as predictions of higher interest rates went awry, but will yield-chasers stick with the shares?
Aug 13- Health Care REIT Inc said it would buy Canada's HealthLease Properties Real Estate Investment Trust in a deal valued at $950 million, including debt, to expand its presence in senior housing and post-acute care segments. In June, Health Care's rival Ventas Inc said it would buy American Realty Capital Healthcare Trust Inc for about $2.6 billion.
Aug 13- Health Care REIT Inc said it would buy Canada's HealthLease Properties Real Estate Investment Trust in a deal valued at $950 million, including debt, to expand its presence in senior housing and post-acute care segments.
Aug 13- Health Care REIT Inc said it had agreed to acquire Canada's HealthLease Properties Real Estate Investment Trust in a deal valued at $950 million. Health Care REIT will pay C $14.20 in cash for each HealthLease share, which represents a premium of 31 percent to HealthLease's Monday closing.
Indian infrastructure and real estate is set for a boost after the nation's securities regulator approved the creation of REITs and IITs.
Home ownership rates in will likely fall to levels last seen in the 1980s as millennials wait longer to form households, DoubleLine's Gundlach said.
CenturyLink Inc shares were up 8 percent, AT&T Inc was up 3 percent and Verizon Communication Inc rose 2 percent. "Given the IRS approval, we expect other companies may explore the possibility of spinning off their Wireline assets into a similar structure," Jefferies& Co analysts said.
*Merck rises as results beat expectations, but Pfizer slips. Windstream Holdings jumped 12.8 percent to $11.88 in its busiest trading day on record after the company filed to spin off assets into a tax-efficient publicly-traded real estate investment trust.
July 29- Shares of U.S. telecom companies rose after network operator Windstream Holdings Inc said it got regulatory approval to convert some of its assets into a REIT- a tax-efficient structure that could be followed by others.
CNBC's David Faber and Jim Cramer discuss Windstream's spin-off of assets into a publicly traded REIT.
Vikrant Pandey, Singapore Property Research Analyst at UOB Kay Hian Research, discusses the initial public offering of Frasers Hospitality Trust in Singapore on Monday.
Singapore's real-estate trusts have recovered to around the highest levels since last year's "taper tantrum," but Nomura says the rally may end soon.
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