Fibra Inn paid Ps. 186.9 million for the hotel, excluding taxes and acquisition expenses, and the adjoining land where the Company is planning a room expansion.
Chicago-based Strategic Hotels & Resorts is a luxury hotel real estate investment trust .
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The firm set a "neutral" rating and a $14.50 price target on the stock. The analysts wrote, "We are initiating coverage of Franklin Street Properties , a REIT that owns infill suburban and Central Business District office buildings in 17 US markets, with a Neutral rating and $14.50 PO.
Regulators have noticed a loosening of underwriting standards in some markets, in particular in certain real-estate investment trusts, Treasury Secretary Jacob Lew said on Tuesday.
"This is the year you should start thinking about reducing exposure to the mortgage REITs.
May has been a bad month for the mortgage real estate investment trusts and the entire sector has seen a sell-off after poor earnings from both American Capital Agency , Annaly Capital .
Mapletree is also open to tweaking the fee income model of its other existing Reits to the MGCCT model, if unitholders request the change, he added.
Brandywine Realty Trust has placed its Austin suburban office portfolio on the market with an unusual marketing proposition.
BIRMINGHAM, Alabama - Resource Real Estate Opportunity , a Philadelphia-based real estate investment trust, has acquired Hoover's Autumn Wood Apartments complex in an $8.5 million deal, the REIT announced today.
It's hard to argue REITs should not be in your core portfolio when the dividend-centric sector is crushing just about all other well known asset classes.
One of Wexford's projects is the 242,000-square-foot Wake Forest Biotech Place, an adaptive reuse of two former R.J. Reynolds warehouses.
Ares Commercial Real Estate Corporation announced today that it has entered into a definitive agreement to acquire EF&A Funding, L.L.C, d/b/a Alliant Capital LLC from The Alliant Company, LLC and Alliant, Inc., for approximately $62.8 million through a combination of cash and stock.
A year ago, the Federal Reserve Board issued a policy statement on rental of REO owned by the banks they supervise and allowed the banks to rent REO properties without requiring them to demonstrate continuous efforts to market the properties.
The single, easiest way to keep track of all the stocks that matter... Your own personalized stock watchlist! It's a 100% FREE Motley Fool service... This unflinching affinity for high-yielding investments has even pushed valuations among utilities -- a sector that typically trades at a discount to the broader market -- to record heights.