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Tag: reit
Spirit Realty Capital, Cole Credit Property Trust II to Merge to Create $7.1B Net Lease REIT
2013-01-22 14:08:00| National Real Estate Investor
Spirit Realty Capital Inc. and Cole Credit Property Trust II will merge to form a publicly-traded net lease REIT with a pro forma enterprise value of approximately $7.1 billion.
Tags: net
create
property
credit
ARC New York Recovery REIT to Acquire Institutional-Quality Office Building for $112M
2013-01-16 18:37:00| National Real Estate Investor
Tags: office
york
building
recovery
Health Care REIT Closes $3.4B Purchase of Sunrise
2013-01-10 03:20:00| National Real Estate Investor
TOLEDO, OHHealth Care REIT Inc., based here, said Wednesday that it has closed its $3.4 billion acquisition of Sunrise Senior Living Inc., but will be acquiring additional joint venture partner interests in Sunrise properties, for a total of $900 million, by July. The $4.3 billion investment is expected to include 120 wholly owned properties and five joint venture properties. The average age of these properties is only eight years. According to Health Care REIT officials, these properties generate average monthly rental rates that are nearly 100 percent higher than the national average because they are located in markets with high concentrations of age and income-qualified elderly, affluence, and significant barriers to entry. These sites are in London, southern California, Chicago, Philadelphia, Boston, Washington D.C., and Montreal.
Tags: health
care
purchase
sunrise
Steadfast Income REIT Buys Five Apartment Communities for $115M
2013-01-04 18:43:00| National Real Estate Investor
The properties are located in Kentucky, Tennessee and Texas and feature occupancies over 90 percent.
Tags: income
communities
apartment
buys
Sale of GGP Warrants Headlines Spurt of Retail REIT Activity to Ring in New Year
2013-01-03 17:16:00| National Real Estate Investor
The new year is less than 72 hours old and already Simon Property Group, General Growth Properties, Federal Realty Investment Trust and DDR all announced major transactions ranging from asset purchases to a joint venture to the acquisition of warrants.
Tags: year
sale
activity
retail
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