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Public Storage to acquire Simply Self Storage for $2.2 billion
Self-storage operator Public Storage (PSA.N) said on Monday it has entered a deal to buy Simply Self Storage from Blackstone Real Estate Income Trust (BREIT) for $2.2 billion, as it looks to expand its market presence. Demand for storage space has waned from the heights of the pandemic, as people return to offices, and some analysts expect more consolidation in the sector….
REIT Trends in Property Sector Allocations by Actively Managed Real Estate Funds
One of the unique aspects of REITs is the large, actively managed, dedicated REIT investment community; actively managed funds represent 7% of REIT market capitalization and they have been a key element in REITs’ long-term success because of their combined real estate and equity investment expertise and analysis.
PetSmart’s Owner Sells Minority Stake to Apollo
BC Partners has agreed to sell a minority stake of its PetSmart holdings to funds managed by affiliates of Apollo…
Why Blackstone Was Able To Turn Simply Self Storage Into an Extra $1 Billion in Under Three Years
Blackstone Real Estate Income Trust’s deal to sell Simply Self Storage to Public Storage for $2.2 billion signals more than the seller collecting $1 billion over what it paid less than three years ago. It also indicates optimism about long-term self-storage demand in certain parts of the country didn’t ease with the pandemic…
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Continuously Offered NTRs Show Return Resiliency in 2020
Continuously Offered NTRs Show Return Resiliency in 2020 January 27, 2021 | James Sprow | Blue Vault In a year that showed extreme volatility for the stock prices of listed...
MBA Wants to See More Stimulus Money for Renters, Restaurants, Hotels and Retailers
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ExchangeRight Fully Subscribes $77 Million Diversified Portfolio Featuring Walmart Neighborhood Market
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Bluerock Total Income+ Real Estate Fund Delivers a 2.57% Fourth Quarter Return and Bullish Outlook for 2021
Bluerock Total Income+ Real Estate Fund Delivers a 2.57% Fourth Quarter Return and Bullish Outlook for 2021 January 27, 2021 NEW YORK, Jan. 27,...
Which sponsor of DST programs has a track record of meeting or exceeding targeted cash flow distributions to investors for all 60 of the company’s offerings since the company’s founding in 2012?
Which sponsor of DST programs has a track record of meeting or exceeding targeted cash flow distributions to investors for all 60 of the company’s offerings since the...
KBS REIT III Declares Distributions, Sells Phoenix Office Property
KBS REIT III Declares Distributions, Sells Phoenix Office Property January 26, 2021 | James Sprow | Blue Vault Distributions Declared On January 19, 2021, KBS Real Estate...
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Finra CEO Robert Cook promises to give brokerages more guidance on overseeing rogue brokers
Finra CEO Robert Cook promises to give brokerages more guidance on overseeing rogue brokers Initiative is part of an effort to crack down on brokers who move from firm to firm and put investors at risk June 12, 2017 | by Mark Schoeff Jr. | InvestmentNews.com Finra...
Wagner writes in favor of like-kind exchanges in Crain’s Chicago Business
Wagner writes in favor of like-kind exchanges in Crain’s Chicago Business June 9, 2017 | by Bill Kozar | Illinois Realtors By preserving 1031 like-kind exchanges in the midst of calls for tax reform, legislators will help small business owners and investors, writes...
Fed rate hike and FANG shakeup could snap stocks out of spring lull
Fed rate hike and FANG shakeup could snap stocks out of spring lull June 9, 2017 | by Patti Domm | CNBC Stock market volatility could pick up in the week ahead, as traders await the Federal Reserve and watch to see whether the shakeout in tech and momentum stocks...
REITs Helping Address Demand for Affordable Housing
REITs Helping Address Demand for Affordable Housing May 31, 2017 | by Michele Lerner | REIT.com The rallying cry “the rent is too damn high” by Jimmy McMillan, a 2010 candidate for governor of New York, still resonates seven years later for many. As new apartment...
Why Plugged-In Properties Need Backup Plans
Why Plugged-In Properties Need Backup Plans June 8, 2017 | by Robert Bianco | Commercial Property Executive Connectivity is now as important to occupants as location. A veteran telecommunication executive contends that redundant technology adds to asset values and...
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