The total transaction value of REIT M&As was $81.75 billion from January to Oct. 4 of this year, compared to $33.37 billion during the same period last year, according to S&P Global Market Intelligence.
Eric Alini, managing partner of the commercial real estate arm with green REIT Hannon Armstrong Sustainable Infrastructure, talks about green measures’ financial payoff.
While the number of transactions was roughly the same, REIT M&A value rose to $81.75 billion from $33.37 billion last year.
ULI’s Emerging Trends in Real Estate Report, Among Others, Says Investor Sensitivity to ESG Issues Increased Since U.S. Pulled Out of the Paris Climate Accord.
In a Q&A with NREI, Rufrano explained VEREIT’s acquisition and disposition strategy, including its reduction of office and restaurant assets and its addition of retail and industrial assets.
Rental growth in the self-storage sector will hit a new normal, according to Eric Frankel, an analyst with Green Street Advisors. But the new normal will be “fine.”
Potential sale would come at a time when physical retail is struggling and retail REITs have taken a hit.
The potential buyer alerted Jonathan Litt’s Land & Buildings that the company made a bid at a significant premium to Mack-Cali’s stock price.
