Self-Storage REITs Feeling the Pinch
In self-storage markets, scattered signs hint of a slowdown. In cities such as Columbus, Ohio, customers can get the first month's rent for $1. Shares of the average self-storage REIT lost 3.4% in the first four months of 2007, according to the FTSE NAREIT Equity index. With housing sales falling, some investors worry that fewer homeowners will be storing lawnmowers and computers....
More REITs Exit Stage Left
Private equity-led buyouts of real estate investment trusts show no sign of slowing down at midyear. Eight large privatizations worth $43.3 billion were announced through the first five months of 2007....
REITs Storm Asian Shores
In their rush to modernize, Asian countries have borrowed many Western inventions. One of the latest ideas to arrive is the real estate investment trust....
Privatization Wave Hits REITs
When the mother of all privatization deals was announced in November 2006, it rocked Wall Street and the REIT industry. ...
REIT Launch in UK Takes Center Stage
After decades of opposing industry efforts to establish real estate investment trusts in the United Kingdom, the British government will permit the investment vehicle beginning this month....
A Major REIT Retreat
Privatization mania reached a crescendo in late November when Blackstone Group, the largest buyout fund in the world, offered to pay $20 billion for Equity Office Properties Trust (NYSE: EOP)...
Mall REITs Lose Their Stride
The stunning run of regional mall real estate investment trusts has finally shown signs of tiring. ...
California Office Company Bucks The Trend
Southern California office landlord Douglas Emmett (DEI) made its debut in REIT-land with a $1.39 billion IPO. Aside from becoming the second office REIT to go public in 2006, Douglas Emmett also stands as the largest REIT IPO in U.S. history ...
Wells Sells Tampa Office Building for $31.2M
One of the nation’s most prolific buyers of office buildings is now a seller. Wells Real Estate Investment Trust has sold a four-story, Class-A office...
REIT Dispositions Attract Savvy Investors
Real estate investment trusts (REITs) have been some of the biggest sellers of office properties lately, with buyers generally falling into two camps:...
Great Lakes REIT Sells Portfolio to Transwestern
Great Lakes Real Estate Investment Trust is selling its office properties to an affiliate of Transwestern Investment Co. LLC. Great Lakes also has agreed...
Earle Mack Steps Down from Mack-Cali Board
Earle Mack, a senior partner of the Mack Co., has resigned from Mack-Cali Realty Corp.’s board of directors. A statement from the company cited Mack’s...
Retail REIT Merger Ahead?
Inland Retail Real Estate Trust reportedly is in talks to buy Pan Pacific Retail Properties. Unnamed sources in a report by Realty Stock Review say PNP...
Unlisted REITs Flush With Capital
Retail investors flooded the nation's four biggest sponsors of unlisted real estate investment trusts also known as private REITs with a whopping $6 billion...
Kincaid: EOP Moving Away from ‘Building-Centric’ Strategy
Positioning to benefit from an economic upswing, Equity Office Properties Trust has shifted over the past two years from a "building-centric" investment...
REIT Sells Texas Office Building
Mack-Cali Realty Corp. has sold an office building in San Antonia, Texas, for $11 million. The 20-story, 248,000 sq. ft. Riverview Tower is 71.2% leased....
WELLS REIT SPONSOR FINED $150,000 BY NASD FOR BROKER GIFTS
Wells Investment Services, sponsor of Wells Real Estate Investment Trust (REIT), has been sanctioned by the National Association of Securities Dealers...
Defying Conventional Wisdom
The widely held belief among industry pundits was that when the stock market started to rebound, the extraordinary performance of publicly traded real...
Healthcare REIT Acquires 6 Million Sq. Ft. Portfolio
Health Care Property Investors Inc. (HCP) has bought interests in 113 medical office properties from MedCap Properties LLC. The acquisition — spread over...
Drought Ends for REIT IPOs
As public monies continue to seek a safe haven in real estate, investors are catching glimpses of what's been a rare bird of late: the REIT IPO. REITs...
Office REIT Stung By Competitive Manhattan Market
A decision last week by law firm Cadwalader, Wickersham & Taft to lease 450,000 sq. ft. at One World Financial Center was terrific news for lower Manhattan...
Let's Set the Record Straight On Unlisted REITs' Success
Dear Mr. Valley: After reading the column by Anthony Downs entitled The Problem with Low Interest Rates (August 2003), it is important to set the record...
Two REITs Test Publicly Traded Waters
Amid a protracted IPO drought, two real estate investment trusts (REITs) are testing publicly traded waters. Los Angeles-based office landlord Maguire...
Outlet REIT Establishes New Beachhead
Chelsea Property Group, an outlet center REIT, has purchased The Crossings Factory Stores, a Delaware Water Gap area outlet center near the Poconos. Chelsea...
All's Well in Unlisted REITs?
Investors are pouring funds into unlisted real estate investment trusts (REITs) at an unprecedented pace, fueling an acquisitions binge that shows no...
