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REIT News

News on REIT continually updated from thousands of sources around the net.

3 hrs ago | JCN Network

New City Residence Becomes 1st Failed REIT in Japan

New City, listed on the Tokyo Stock Exchange, left liabilities of about 112.3 billion yen.

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Related Topix: Personal Finance

Sat Oct 11, 2008

The South Mississippi Sun Herald

Mission West Properties Closes $115,000,000 Secured Loan

Mission West Properties, Inc. reported today that it completed a $115,000,000 financing secured by 20 properties comprised of approximately 1,600,000 square feet with various entities of Hartford Insurance ...

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Related Topix: Real Estate, Home, Mortgage, Personal Finance

Fri Oct 10, 2008

Seeking Alpha

Time to Pick Up the Pieces of the Global REIT Thud

One of the biggest casualties of the global financial crisis is the big bust now underway in REITs, or real estate investment trusts.

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Related Topix: Personal Finance, Mutual Funds, Home, Mortgage

Hotels

MHI Hospitality Corporation Announces Completion of Crowne Plaza(R) Conversion for Hampton Hotel

MHI Hospitality Corporation announced today that the Company has completed the conversion of its Hampton, Virginia hotel to the Crowne Plaza brand, pursuant to a 10-year franchise agreement through its ...

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Related Topix: Hampton, VA, Hotels, InterContinental Hotels Group, Norfolk, VA, Virginia Beach, VA, Williamsburg, VA, Personal Finance

GlobeSt.com

REITs Close 370,000-SF of...

Grubb & Ellis Healthcare REIT has acquired a five-property medical office portfolio totaling 224,000 sf, and another Orange County-based nontraded REIT-Ladera Ranch, CA-based Strategic Storage Trust Inc.-has ...

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Related Topix: Personal Finance, Dallas, TX, Waxahachie, TX, Cedar Hill, TX, Greenville, TX

Thu Oct 09, 2008

Kiplinger's Personal Finance

REITs That Are Holding up Well

Bottom line: Share most decisions, but keep a few accounts and assets separate. Sell Your Home Fast Even in a crummy market, you can close the deal if you have prepped it well and you have priced it right.

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Related Topix: Personal Finance, Home, Home Selling

PR-inside.com

Entertainment Properties Trust Third Quarter 2008 Earnings Conference ...

The management of Entertainment Properties Trust will host a conference call to discuss the Company's financial results on Wednesday, October 29, 2008 at 10:00 a.m. Central Time.

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Related Topix: Real Estate, Entertainment Properties Trust, Personal Finance

Wed Oct 08, 2008

PR-inside.com

AmREIT Unveils Strategic Plan for 'REIT Conformity' as Irreplaceable Corner Shopping Center Company

Vision 2010: Vision 2010 is a strategic plan designed to bring AmREIT into conformity with similarly situated REITs that have invested in high-end retail properties.

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Related Topix: Real Estate, Personal Finance, Houston Metro

PR-inside.com

Ramco-Gershenson Announces the Extension of Its $150 Million Unsecured Revolving Credit Facility

The Company, at its option, can further extend this facility through 2010, which is coterminous with the Company's $100 million unsecured term loan credit facility.

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Related Topix: Real Estate, Ramco Gershenson Properties Trust, Farmington Hills, MI, Personal Finance

The Waterbury Connecticut Republican

General Growth leads REITs down on debt concern

General Growth Properties Inc., owner of the Brass Mill Center mall in Waterbury, led shares of U.S. shopping center owners lower on concern over the company's ability to repay its debt.

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Related Topix: Real Estate, General Growth Properties, Personal Finance

The Toronto Star

InStorage cuts distribution, buying InScotia

InStorage Real Estate Investment Trust is cutting its distributions to unitholders while paying $69 million to acquire development partner InScotia Developments Limited Partnership.

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Related Topix: Personal Finance, Mortgage, Home

Philadelphia Business Journal

RAIT acquires Pinnacle

RAIT Investment Trust has acquired Pinnacle Capital Group , a Philadelphia real estate finance company that's been instrumental in nearly a half-billion-dollars in deals in recent years.

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Related Topix: Real Estate, RAIT Investment Trust, Philadelphia, PA, Home, Mortgage, Personal Finance, Jenkintown, PA, Montgomery County, PA

Tue Oct 07, 2008

Market Watch

General Growth shares fall 45%; biggest NYSE decliner

"The REIT's stress is mostly due to over-leveraging acquisitions in the past five years," Stifel Nicolaus analysts wrote in a note.

Comment?

Related Topix: Personal Finance, Financial Services, Stifel Financial, Investment Services

Mon Oct 06, 2008

Investopedia

Landlord Stocks: 3 Monthly Paying REITs

Will Rogers once said, "Buy Land. They aren't making any more of the stuff." This could explain why so many get-rich-quick schemes focus on real estate investment.

Comment?

Related Topix: Personal Finance, Financial Markets, Retirement, Real Estate, Realty Income

Canada NewsWire

HandR REIT announces completion of plan of arrangement

1 /CNW/ - H&R Real Estate Investment Trust announced today that the internal reorganization of the REIT, which was approved by the REIT's unitholders at a special meeting on September 19, 2008, has been ...

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Related Topix: Personal Finance, Canada,

The Dallas Morning News

Behringer Harvard buys properties in the Czech Republic, Hungary 11:44 Am CT

Addison-based real estate investment firm Behringer Harvard said Monday that it has expanded its global holdings by buying seven properties in the Czech Republic and Hungary.

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Related Topix: Personal Finance

Sun Oct 05, 2008

The Star Online

Axis to inject RM300mil assets over next two years

AXIS REIT Managers Bhd has lined up more than RM300mil worth of assets to be injected into Axis real estate investment trust over the next two years.

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Related Topix: Personal Finance

Fort Worth Star-Telegram

Irving hotel company FelCor looks for revival

The stretch of Southern California shoreline made famous in the Beach Boys' 1960s hit Surfin' U.S.A. is the proving ground for Chief Executive Richard Smith's plan to revive FelCor Lodging Trust, the Irving ...

Comment?

Related Topix: Real Estate, FelCor Lodging Trust, Pop/Rock, The Beach Boys, Dana Point, CA, Personal Finance

InvestmentNews

REIT asset gains do an about-face

Managers of real estate investment trust securities saw their total assets drop 8.4% to $229 billion in the 12 months ended June 30.

Comment?

Related Topix: Personal Finance, Orinda, CA, Financial Markets

Sat Oct 04, 2008

Bloomberg

FelCor Wields $599-a-Night Rooms on Beach Boys' Shore to Stop Share Plunge

The stretch of southern California shoreline made famous in the Beach Boys' 1960s hit ``Surfin' U.S.A.'' is the proving ground for Chief Executive Officer Richard Smith 's plan to revive FelCor Lodging Trust ...

Comment?

Related Topix: Real Estate, FelCor Lodging Trust, Pop/Rock, The Beach Boys, Irving, TX, Personal Finance, Home, Mortgage, US News

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