Wednesday, January 23, 2013

Do a Few Good Weeks Portend a Good Year Ahead?

National Commercial Real Estate News From CoStar Group

Do a Few Good Weeks Portend a Good Year Ahead?

Clarion Partners, a leading New York-based global investment manager, epitomizes what has been occurring in the U.S. commercial real estate investment sales market over the past few weeks. Clarion has been on a tear, as has the investment market.

· In a joint venture with MetLife Real Estate Investors, Clarion purchased the 1.4 million-square-foot Constitution Center, the largest, privately-owned, trophy office building in Washington, DC, for...

Spirit Realty To Combine With Cole Credit Property Trust II To Form $7.1 Billion Public REIT

Spirit Realty Capital Inc. and Cole Credit Property Trust II have approved a definitive agreement to merge their companies and create the second largest publicly traded triple-net-lease REIT in the U.S. with a pro forma enterprise value of $7.1 billion.

Last month, Cole Credit Property Trust II, a non-traded REIT, temporarily suspended both its distribution reinvestment plan and its share redemption program in a move widely viewed as a potential...

Incoming NAREIT Chair Says REITs Well Positioned To Capitalize On Recovery In 2013

Recent data from the National Association of Real Estate Investment Trusts (NAREIT) verifies that the beat continued to go on for U.S. REITs last year, with share prices outperforming the broader equity market for the fourth straight year.

The FTSE NAREIT All REITs Index, which also includes mortgage REITs, delivered a 20.14% total return for the year, while the equity REIT index returned 19.7%. That compares to the S&P 500’s 16% gain.


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