National Commercial Real Estate News From CoStar Group
Blackstone Taking its Grocery Stores Public
Blackstone Group-sponsored Brixmor Property Group Inc. filed an initial public offering statement with the U.S. Securities and Exchange Commission for the sale of its common stock. Brixmor plans to list its common stock on the New York Stock Exchange under the ticker symbol "BRX," although the number of shares to be sold and the price range for the proposed offering have not yet been determined.
Keep up weekly on national news, trends and property...
Inland American Planning To Divest Multifamily in Major Portfolio Restructuring
In a sweeping reshuffle of its portfolio property mix, Inland American Real Estate Trust informed stockholders that it has put its entire conventional multifamily portfolio under contract for sale.
The Chicago-based REIT owns 17 complexes with 5,311 units. Occupancy in the portfolio is approximately 90% with an average rental rate of $992/unit.
Share with Your Followers on Twitter Tweet
Not included in the deal are nine student housing...
Capital Markets Report: Property NOIs Rebounding Nicely
Now that the majority of year-end 2012 property financials have been reported, Wells Fargo Securities revisited its initial analysis on NOI trends. Marielle Jan de Beur, managing director and head of Structured Products Research CMBS and Real Estate Research for Wells Fargo Securities, found the average NOI growth rate declined slightly from her initial report, but was still strong compared to 2011.
For the loans that have reported year-end 2012...