Real Estate Investment Trusts have suffered over the past year, thanks to rising interest rates, ending a seven-year rally, but there are still pockets of strength.
The evaluation is being driven by “both tax and valuation purposes,” Kevin Gleason, chief executive officer of both closely held companies.
In part two of our coverage of women in the commercial real estate industry, we look at how much discrimination female professionals face.
Affiliates of Blackstone Real Estate Partners VIII will pay $27.50 for each Gramercy share, according to a statement Monday.
A recent research report found that about 60 percent of the REIT CEOs analyzed saw their compensation rise by 3.3 percent, based on the median change from 2016 to 2017.
Some observers say the deal could be the start of a tidal wave of M&A activity in the industrial REIT sector.
The real estate investment trust agreed to acquire DCT Industrial Trust Inc. for $8.4 billion in stock and assumed debt.
Essentially, “Welltower is buying skilled nursing assets on the cheap,” says Matt Kopsky, a REIT analyst at Edward Jones who covers Welltower.
REITs with significant development, redevelopment and other capex needs could benefit from de-REITing, some fund managers claim.