A Look at Essex & BRE's Closed Deal

A Look at Essex & BRE's Closed Deal

With all of the cash now available to REITs, don’t be surprised to see more deals like the merger between Essex Property Trust, Inc., and BRE Properties, Inc., which closed on Apr. 1.

“It makes sense for REITs to consolidate. I wouldn’t be surprised if there was more REIT consolidation,” says Ben Thypin, director of market analysis with New York City-based research firm Real Capital Analytics (RCA).

The deal between Essex and BRE will h

Register to view the full article

This article is part of our premium content subscription. You need to subscribe to gain access to premium content.

Why Register for NREIonline? It's simple and free, and here is what you get:

• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish