After increasing his position in the company, Litt is likely to push for changes at the REIT, including a possible sale of all or parts of the company, according to people with knowledge of the matter.
Sovereign wealth fund assets more than doubled in the last decade, to $7.45 trillion from $3.1 trillion in 2008, according to industry tracker Preqin.
America’s housing stock is aging, MarketWatch reports. A Forbes contributor details how the in-store experience is evolving. These are among today’s top must reads from around the commercial real estate industry.
A deal would see Atlanta-based Columbia Property Trust assuming ownership of Ares Management LP’s 50 percent stake in 799 Broadway.
Credit analysts at the bank are warning that structured credit products are entering a new “risk-off” phase as a number of market indicators imply caution is warranted.