National Commercial Real Estate News From CoStar Group
Does Mid-America/Colonial Deal Signal Onset of Renewed Apartment M&A?
Announced on the eve of this week's NAREIT conference in Chicago, the merger between Colonial Properties Trust (NYSE: CLP) and Mid-America Apartment Communities Inc. (NYSE: MAA) will almost certainly be the subject of hallway and cocktail chatter among the REIT set.
And why not? The combination of Birmingham, AL-based Colonial and Memphis, TN-based Mid-America is huge news for the multifamily sector on several levels. The merger would create the...
Deal-Rich Net Lease Market Likely to Get Richer
After announcing three huge transactions that promise to reshape the thriving net-lease real estate investment market, dealmaker Nicholas Schorsch signaled that he isn't done yet.
American Realty Capital's ARC Trust IV this week agreed to buy a $1.45 billion portfolio of nearly 1,000 retail properties from Fairfield, CT-based GE Capital. Under the agreement, ARCT IV will buy 986 net lease sites from Trustreet Properties Inc., which GE acquired...