Wednesday, September 4, 2013

Rolling Up REITs: Private Equity, Non-Listed Firms Merging to Gain Scale and Entry to Public Markets




National Commercial Real Estate News From CoStar Group





Rolling Up REITs: Private Equity, Non-Listed Firms Merging to Gain Scale and Entry to Public Markets



Call it the Great REIT Roll-up of 2013. This year’s crop of REIT mergers, initial public offerings and conversions includes a number of large deals in which companies have rolled up funds and non-traded REITs into publicly traded or non-traded entities -- in many cases to create liquidity events for long-time shareholders.

Earlier in the recovery, especially during 2010-2011, new REIT market entrant launches included many so-called "blind-pool...









Self-Storage REIT CEO Thinks Analysts Need an Art Lesson



Fed up with stock analysts lumping his self-storage property REIT with all other equity REITs, CubeSmart CEO Dean Jernigan threw out a challenge to the analysts attending his firm's earnings conference call last month: paint us as an individual portrait, not as a book of paint-by-number pictures.

"It's very discouraging for me to see in corporate America good earnings reports by other companies, and see the REIT sector trade down, with all of us...









Women’s Fashion Retailers Trimming the Fat from Store Portfolios



Many women apparel retailers are finding their store square footage a size or two too big these days, and are taking steps to shrink the waste in their real estate portfolios.

Some of the more popular chains, such as Abercrombie & Fitch and The Jones Group, are trimming more than others. Both have recently announced major real estate restructurings.

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The Jones Group said it will reset its domestic...






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