The losing suitor, Pebblebrook Hotel Trust, “was provided with material nonpublic information” during the sale process LaSalle said in a filing with the SEC.
Moderate-cost house construction is restrained by rising building costs.
Foreign buyers of U.S. apartment buildings spent well over $10 billion per quarter in recent quarters, above the volume seen in late 2016 and early 2017.
It feels to me like we are in extra innings, running on borrowed time.
The capital raising comes even as Trump has yet to deliver on a promise to facilitate the investment of as much as $1.7 trillion in the next decade.
Jerry Storch, a former chief executive officer of the defunct toy chain, has been working with multiple investors on a plan to reboot the retailer in the U.S.
The Minnesota State Board of Investment decided last week to temporarily halt future commitments to KKR as it reviews the investment.
The New York firm is buying 22 properties managed by Brookdale Senior Living Inc.
Adelman discussed what's behind the recent slowdown in construction and the most likely markets for growth.
There have been pressures on the skilled nursing occupancy rate since 2011, notes Bill Kauffman, senior principal at NIC.