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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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Nontraded REITs with Distribution Yield Changes from Q4 2019 to Q3 2020
Nontraded REITs with Distribution Yield Changes from Q4 2019 to Q3 2020 January 5, 2020 | James Sprow | Blue Vault The impact of the COVID 19 pandemic on the nontraded REIT...
Starwood Real Estate Income Trust Declares December Distributions
Starwood Real Estate Income Trust Declares December Distributions December 31, 2020 | James Sprow | Blue Vault On December 31, 2020, Starwood Real Estate Income Trust, Inc....
Blackstone Real Estate Income Trust Declares December Distributions
Blackstone Real Estate Income Trust Declares December Distributions December 31, 2020 | James Sprow | Blue Vault On December 31, 2020, Blackstone Real Estate Income Trust,...
Hospitality Investors Trust Negotiates Alternative to Class C Share Distributions
Hospitality Investors Trust Negotiates Alternative to Class C Share Distributions December 29, 2020 | James Sprow | Blue Vault On December 28, 2020, Hospitality Investors...
JLLIPT Purchased Fort Worth Distribution Center in Texas
JLLIPT Purchased Fort Worth Distribution Center in Texas December 29, 2020 | James Sprow | Blue Vault Jones Lang LaSalle Income Property Trust Inc.(JLLIPT) purchased the...
KBS REIT II Sells San Jose, CA Building, Announces $0.40 Liquidating Distribution
KBS REIT II Sells San Jose, CA Building, Announces $0.40 Liquidating Distribution December 28, 2020 | James Sprow | Blue Vault KBS Real Estate Investment Trust II Inc. sold...
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Healthcare Trust of America to Acquire Duke Realty’s Medical Office Portfolio for $2.75 Billion
Healthcare Trust of America to Acquire Duke Realty’s Medical Office Portfolio for $2.75 Billion May 1, 2017 | Healthcare Trust of America, Inc. SCOTTSDALE, Ariz., May 1, 2017 /PRNewswire/ — Healthcare Trust of America, Inc. (NYSE: HTA) (the...
MVP REIT and MVP REIT II Propose Merger
MVP REIT and MVP REIT II Propose Merger May 3, 2017 | by James Sprow | Blue Vault MVP REIT, Inc. (“MVP I”) and MVP REIT II, Inc. (“MVP II”) on May 1, jointly announced that, after reviewing strategic alternatives, a special committee of the...
1031 exchanges may be axed by Trump’s tax plan
1031 exchanges may be axed by Trump’s tax plan May 1, 2017 | by John Rebchook | Colorado Real Estate Journal Riki Hashimoto’s phone was ringing off the hook late last week. Anxious investors had one question for the commercial real estate broker after President Donald...
Hospitality Investors Trust Completes $1.225 Billion Refinancing and Acquisition of Seven Hotels from Summit Hotel Properties for $66.8 Million
Hospitality Investors Trust Completes $1.225 Billion Refinancing and Acquisition of Seven Hotels from Summit Hotel Properties for $66.8 Million May 1, 2017 | Hospitality Investors Trust, Inc NEW YORK, May 1, 2017 /PRNewswire/ — Hospitality Investors Trust, Inc...
US Office Vacancy Rises for First Time Since 2010 as Construction Peaks and Rent Growth Slows
US Office Vacancy Rises for First Time Since 2010 as Construction Peaks and Rent Growth Slows April 27, 2017 | by Randyl Drummer | CoStar The U.S. office vacancy ticked up 0.1% in the first three months of 2017 to 10.3% marking the first quarterly increase since 2010....
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