REIT News Archives

Last month, Fitch affirmed $10.2 billion of rated liabilities and downgraded $1.2 billion , affecting CDO liability ratings in the 'A' to 'BB' range. via PR-inside.com

Highwoods Properties said a key measure of profitability increased by 10 percent in the third quarter as occupancy in its buildings and lease prices both rose. via Triangle Business Journal

“We see no significant operating or leverage deterioration ahead, although a widening of cap rates is already underway - especially for properties of lesser quality or those in secondary locations.”

Moody's said Oct. 29 that its overall credit rating outlook for U.S. REITs and REOCs remains stable. via SNL Financial

OpsTechnology , the leading provider of on-demand systems that enable real-estate operating companies to automate their purchasing, payables and procurement functions, today announced that it has processed $1 ... via TMCnet

The rising Canadian dollar could impact the results of some Canadian real estate investment trusts, says Shant Poladian, an analyst with Canaccord Adams. via National Post

“There has been a lot of press that the real estate market in general is down, however, for triple-A locations like this, there is still tremendous interest”

The Serravella Apartments complex in the Hollywood area of Los Angeles has just come under new ownership, courtesy of a transaction valued at approximately $86.3 million. via Commercial Property News

Weyerhaeuser Co. Ltd. were up roughly 7% in early afternoon trading in Toronto after a report in Barron's citing an investment manager suggested the timber company's shares could rise above US$100 if it ... via National Post

HST / HLT / BX Marriott Hotels owner Host Hotels & Resorts announced Monday morning the abrupt departure of CEO and President Christopher Nassetta, and named long-time company insider, W. Edward Walter its new ... via Seeking Alpha

Stocks in U.S. real estate investment trusts may tumble as much as 20% over the next 12 months for their biggest decline in nearly 10 years, according Kenneth Rosen , an economist the University of California ... via Dailyii

“Doing a REIT is a possibility on our property side”

TRADEWINDS Corp Bhd, which recently reorganised its business to focus on its hotel and property businesses, is weighing the option of setting up a real estate investment trust possibly on a joint venture basis. via Business Times

Associated Estates Realty Corp. has reported improved third-quarter results compared to a year ago. via Crain's Cleveland Business

Crombie Real Estate Investment Trust will hold a conference call on Friday, November 9, 2007, beginning at 1:00 p.m. during which senior management will discuss the REIT's financial results for the third ... via Canada NewsWire

Oct 26, 2007 The Lightstone Value Plus REIT has entered the hotel market with the purchase of two Baymont Inn & Suites that it plans to immediately convert to Extended Stay Deluxe hotels and renovate over the ... via Commercial Property News

An update has come out today on Liberty Property Trust , in which Zacks real estate investment trust analyst Greg Sukenik is restating his Sell rating on the company. via Zacks Analyst Blog

“Property values are going to be under pressure, and by extension that will move to REITs.”

RWR / VNQ American REITs are forecast to suffer their worst decline in almost ten years and could drop up to 20% within the next year, Bloomberg reported Thursday. via The US Market Blog

Charlotte Business Journal - by Susan Stabley Staff Writer The office and retail sections of Piedmont Town Center in SouthPark have been sold for $171 million to a Des Moines, Iowa-based investment fund. via Charlotte Business Journal

AMANAHRAYA real estate investment trust has been reaffirmed with a corporate credit rating of BBB-/Stable- by Standard & Poor's following the authorities' approval of the second injection of five properties. via Business Times

“This means we're going underweight on Asia Pacific, overweight on Europe and market-weight on the U.S.”

The fund, to be launched within two weeks, will invest around 22% of its money in Asia Pacific, 28% in Europe and 50% in the U.S., Todd A. Canter, managing director at LaSalle Investment Management, told ... via MarketWatch

SL Green Realty Corp. announced today that it has entered into an agreement to sell 470 Park Avenue South in Manhattan for $157 million, or approximately $604 per square foot, to an undisclosed institutional ... via Business Wire

Emerging markets are on fire. Is it too late to jump aboard? The returns have been incredible. via Kiplinger Online

“The 'stable' outlook reflects the REIT's stable rental income, long lease maturity profile, and high level of tenant security deposits”

Standard & Poor's has reaffirmed its corporate rating of "BBB-stable" on AmanahRaya REIT following the approval of the second injection of five properties by the Securities Commission In a statement here today, ... via Customer Interaction Solutions

Oct 22, 2007 - Sanguine Corporation , a bio-pharmaceutical company focused on the development of an oxygen-carrying synthetic substitute for human red blood cells and numerous other areas requiring oxygen ... via Med Ad News

“The proposed acquisition will be accretive to Axis-REIT's distributable income as well as diversify and enlarge Axis-REIT's portfolio of properties and is expected to benefit the fund in the long term from economies of scale”

Axis Real Estate Investment Trust Managers Bhd , the management company of Axis-REIT said it will buy a five-storey office cum flatted factory from Wah Seong Industrial Holdings Sdn Bhd for RM37 million In a ... via Customer Interaction Solutions

“This deal shows there's a new competitor to REITs”

CASINO Guichard-Perrachon SA, the biggest supermarket owner in Paris, plans to raise 650 million euros by selling stores, warehouses and shopping centers. via Shanghai Daily

ATRIUM Real Estate Investment Trust has acquired an industrial building at Senai Industrial Park, Johor for RM12.5 million from Yong Jin Development Sdn Bhd. via Business Times

Allied Properties REIT announced today that the Trustees of the REIT have declared a distribution of $0.105 per unit for the month of October, 2007, representing $1.26 per unit on an annualized basis. via Market Wire

“Keep your eye clear and hit 'em where they ain't.”

Question: Since the real estate market is down, I figure I might be able to pick up some REITs at low prices. via CNN

ProLogis of Colorado will build a 436,000-square-foot, spare-parts distribution center for Volkswagen AG in northern Germany. via Bizjournals

“Keep your eye clear and hit 'em where they ain't.”

Question: Since the real estate market is down, I figure I might be able to pick up some REITs at low prices. via CNN

“MIT, as a course of business, looks at properties that are for sale in Cambridge”

The Massachusetts Institute of Technology is apparently zeroing in on more of its home turf, with sources claiming the academic institution is on the verge of acquiring two laboratory buildings in the city's ... via GlobeSt.com

Wells Timberland REIT Inc., the first public, nontraded timberland fund, completed on Tuesday its acquisition and lease of some 320,000 acres of commercially managed forestland in Georgia and Alabama from ... via PR-inside.com

“Effectively, the lodging and health care REITs have lost the tax incentive to be in a trust structure”

Standard & Poor's credit analysts Ronald Charbon and Christian Green said in an Oct. via SNL Financial

Judy Murphy - Sr. VP and Director of IR Richard Davis - President and CEO Andrew Cecere - Vice Chairman and CFO Analysts Mike Mayo - Deutsche Bank John McDonald - Banc of America Securities Matt O'Connor - UBS ... via Seeking Alpha

Chartwell Seniors Housing Real Estate Investment Trust announced today a cash distribution of $0.08875 per Trust Unit for the month of October, 2007. via Market Wire

“I was of the opinion that we would see a complete halt to the covenant-loosening trend”

Weingarten the latest to offer consent fees to its bondholders Weingarten Realty Investors may think that the roller-coaster ride that credit markets took this summer never happened, and that corporate ... via InvestmentNews

Rick Howe, 858-676-2148 or For Lone Star Funds: Joele Frank, Wilkinson Brimmer Katcher Ed Trissel, 212-895-8654 Accredited Home Lenders Holding Co. via PR-inside.com

Question: I need some advice regarding REITs. I am 72, and have been talking to a financial planner about investing $20,000 into either Inland REIT, or Wells REIT II. via The Orlando Sentinel

“It tends to be a relatively defensive asset class”

WAREHOUSES and distribution centers, often tucked away in far-flung industrial parks or ports, hardly seem as glamorous as the trophy office buildings or splashy apartment complexes and hotels that private ... via New York Times

Pennsylvania Real Estate Investment Trust , intends to release its financial results for the third quarter and nine months ended September 30, 2007, before market trading opens on Tuesday, October 30, 2007 . via Business Wire

“That is stronger than the 0.3 point included in our 1.7% estimate for overall growth in Q3, suggesting some upside risk, although other data today and tomorrow will also be important, including federal outlays, retail sales, and inventories”

REITs and the broader markets slid once again on Thursday, Oct. 11. The MSCI US REIT Index gave back 0.69% to end at 1,065.57, and the SNL US REIT Equity Index fell 0.68% to 272.83 with 38 winners, 75 losers ... via SNL Financial

“The GDOT lease will give the agency modern efficient office space and also fill a significant vacancy in our Atlanta office portfolio. It's an important move for both organizations.”

The agreement - one of the largest office leases in Atlanta this year - brings One Georgia Center to 100 percent leased and will allow GDOT to consolidate its headquarters employees from three locations to one. via PR-inside.com

“Some institutions have suggested we open such a board and there is also great demand for it. We will actively study it and launch it when the conditions are ripe”

Authorities planned to launch real estate investment trusts on the Shanghai Stock Exchange as part of a move to provide more financial products to investors, a senior official said on Thursday. via South China Morning Post

“It gave us a more objective view of our assets and identified opportunities for future growth”

Chairman and CEO Robert Maguire III has reportedly come up with a new privatization plan for his company, industry newsletter The REIT Newshound reported Oct. via SNL Financial

Sign-up Now for a Free Test Drive of a New Sales Prospecting and Leads subscription services. via Jacksonville Business Journal

“That's the whole key to owning this stock”

In this dark housing market, Sun Communities Inc. looks like a bright spot. The manufactured-home park owner survived an industry recession and is poised to benefit as a foreclosure wave sweeps the nation, forcing many homeowners to seek cheaper digs.

The Southfield, Mich.-based company owns more than 100 communities, mostly in Michigan and Florida, filled with thousands of manufactured homes. Sun doesn't own most of the factory-built units but it does own the land and provides the infrastructure _ some communities even boast a club house and pool _ in exchange for a monthly lot rent. Read more

“Development continues to be one of the best value creation vehicles for our Company as it improves the overall quality of our portfolio and generates solid returns for our shareholders”

Tabitha Zane Vice President, Investor Relations 919-431-1529 Highwoods Properties, Inc. via PR-inside.com

DUNDEE REIT will be releasing its financial results for the three months ended September 30, 2007, on Thursday, November 8, 2007. via Market Wire

BETHESDA, Md., Host Hotels & Resorts, Inc. , the nation's largest lodging real estate investment trust , today announced its results of operations for the third quarter ended September 7, 2007. via Hospitality Net

“We are pleased that our first acquisition in the greater Phoenix area is one of such quality and value.”

Whitestone REIT, which owns and manages 36 commercial properties in Texas, announced today that it has acquired a newly constructed class "A" executive office/medical building, located in upscale Carefree, AZ, ... via PrimeNewswire

“NEXREGEN(TM) is the first company to make an opportunity like this available to the public on-line.”

Ray Wirta, former CEO and current vice chairman of CB Richard Ellis , the world's largest real estate services company, announces the creation of a proprietary new web-based system through which smaller ... via Customer Interaction Solutions

NNN Healthcare/Office REIT Inc., sponsored by locally based Triple Net Properties LLC, has acquired three senior care campuses in Florida for $52 million in cash and debt, according to SEC filings. via GlobeSt.com

“Within the next 18-24 months we should be in a position to do our first Reit and after that we will do them regularly”

India's Emaar MGF Land plans to spin off its property developments into real estate investment trusts in Singapore as it embarks on a building programme to make it one of the country's biggest developers. via Financial Times

The health of tenants not only is an important factor for commercial real estate landlords' profits; it is also closely tied to their stock prices. via TheStreet.com

Primaris Retail REIT will report its third quarter, fiscal year 2007 financial results on Thursday, November 1, 2007 after market close. via Market Wire

“Fannie Mae is pleased to serve as a constant and reliable source of liquidity in today's ever-changing capital markets”

Archstone-Smith Trust has closed the previously announced acquisition by a partnership by New York City-based duo Tishman Speyer Real Estate Venture VII L.P. and Lehman Brothers Holdings Inc. via GlobeSt.com

“Bob Alter is a hospitality industry icon; we are delighted that he is returning to Cornell to share his entrepreneurial vision with our students”

Bob Alter, chairman, Sunstone Hotel Investors, will be the next featured speaker in the "Conversations with Entrepreneurs" series presented by the Leland C. and Mary M. Pillsbury Institute for Hospitality ... via Hotel Online

“As DHG continues to expand its portfolio in key markets around the U.S., we are pleased to have someone of Dani's broad expertise spearhead the repositioning of our debut D.C. hotel and first management contract with LaSalle Hotel Properties”

Denihan Hospitality Group has appointed Dani Elhachem as General Manager and Lisa Schmitt as Director of Sales and Marketing for the company's first Washington, D.C. property. via Hotel Online

“I'm a fan of their actually owning real estate that is easy to rent and easy to maintain.”

It's almost irresistible to talk about your home as an investment. After all, home equity is the single largest component of the wealth of most households. via The Honolulu Advertiser

“Some funds such as Caisse de depot and Ontario Teachers are major players in the shopping centre industry”

Last week the International Council of Shopping Centers held its Canadian conference in Toronto, celebrating the 50th anniversary of the worldwide organization. via Realty Times

“We are pleased to close this acquisition as these two properties complement and strengthen our existing asset portfolio”

Scott's REIT completes two acquisitions in Quebec; announces new retail centre in Ontario TORONTO, Oct. via Canada NewsWire

Boardwalk REIT announces timing of release of its Third Quarter financial results for the period ended September, 30th 2007 CALGARY, Oct. via Canada NewsWire

“Looking forward, competition in the Asian REIT market is likely to grow more intense as additional cross-border REITs are listed, particularly in Hong Kong and Singapore.”

According to the "REITs Around Asia 1H 2007" report prepared by CBRE Research Asia, Japan remains the largest REIT market in Asia, with market capitalisation having attained the level of US$49.1 billion as of ... via PR-inside.com

IPC US Real Estate Investment Trust today announced that the "go shop" period under the purchase agreement dated August 14, 2007 between IPC REIT, Behringer Harvard REIT I, Inc. via Canada NewsWire